i predict the @NFTX_ Punks Vault will get deeper and deeper as more people just start buying $PUNK to get exposure to CryptoPunks as people flock to NFTs as an investable asset class

same is likely with $GLYPH

nftx.io/vault/0x269616d549d7e8eaa82dfb17028d0b212d11232a/info/

@NFTX_ 👆 if you are looking for exposure to these assets, these are great ways to play if you can't afford the whole NFT (though come with typical smart contract risk)

NFTX's early moves in this space will pay off imo. liquidity is likely to beget liquidity

and NFT supplies capped...

@NFTX_ 👆 what do i mean by supplies are capped?

well, let's just say there were only 100 ETH in the world and there was only one exchange

some big chunk of that ETH would trade on that exchange

what happens if you add more exchanges? no problem. ETH is divisible to 18 decimal places

👆 but for there are only 10,000 Punks and 512 Autoglyphs. subdivision not possible

i don't think the NFTX lead in Punks (117) or Autoglyphs (7) in insurmountable, but it could become that way

competition has a narrow window of time to step in imo

👆 the question becomes how "Lindy" can PUNK and GLYPH become as the way to gain exposure to these assets

because the best case for NFTX is people only seldom redeem the tokens for these assets

they just become asset-backed financial instruments for those seeking exposure

👆 the NFTX model is interesting because it has a natural arb function built in, where if the tokens become too valuable, it becomes worthwhile for someone to deposit a new Punk in (or redeem and sell if not worth enough)

👆 idk what'll happen, but something tells me we're going to see this use case absolutely explode in popularity over the next year or two

NFT space is quickly shifting from "i want to collect these silly things" to "i need financial exposure to it ASAP"