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What stops automation of grabbing the initial NFT release?
by advisedwang 5y ago
What stops automation of grabbing the initial NFT release?
- vmception 5y agoNothing and that wasn't the goal, current owners of the NFT can also develop bots for when the merchandise is released for purchase. It just limits the size of the participant pool, how many bots are being competed against and shows what those bot owners would be willing to pay for access because of what they think they can resell the merchandise for. Adidas previously never had exposure to the secondary market of its goods, now it does and it also discovers the price at which people want to buy and sell at. Individuals can attempt to buy NFTs from the bot owner, the bot owner might have a price. If they do, the individual gets the NFT and can buy the merch. In all scenarios, Adidas makes some commission.