Worried about getting packs for this highly-anticipated sale before they run out?
Don't worry, KOGs has a plan.
The first WAX NFT release of the year, GPK on Topps, sold out in about 28 hours. The second release, GPK Goes Exotic (Tiger King), sold out in 67 minutes. The third brought celebrity icon William Shatner into the mix. That set sold out in just 9 minutes. Finally, last week's Blockchain Heroes release (which accepted only WAX) sold out in 30 minutes, and with no shortage of obstacles from the WAX Cloud Wallet.
Although all of these collectible NFTs have settled into different value ranges depending on the demand, one thing has been clear from watching each sale unfold: People really want these kind of collectibles.
Redfox Labs and KOGs on WAX have been watching the adventures of the other WAX releases and making their own release decisions based on what has worked and what has not worked. So for their release next Tuesday, they're doing something a little different.
3 Hour Sale
Mainstream collectibles have done things like this before, but I believe it is the first time an NFT collectible has been pre-sold with no specific supply. The total supply of the First Edition KOGs will be determined at the end of the 3 hour sale, during which people can purchase as many packs as they want.
No one is quite sure how this will look during the 3 hours. It is almost unquestionable that if the sale was done in the more traditional "first come, first served" way, it would sell out in just minutes. With a three-hour window, a lot more strategy comes into play. And a lot fewer people will be disappointed
Secondary Markets - This 3-hour sale presents a unique opportunity. Collectors will be able to buy packs, then spend as much as a couple hours just watching the markets and taking in statistics. Collectors will have a much better idea of price action during the time that packs are still for sale from the primary market.
My plan hasn't changed much. I will spend my WAX as quickly as I can and open my packs as quickly as I can. I understand that there is usually value in keeping unopened packs, but for me, the greatest joy (and luck) comes from cracking them open. I plan to hold a bunch of them forever and play the game, but that won't stop me from making some serious and early moves on the markets.
KOGs - Keeping Neon Retro Dreams alive since 2020
Links
KOGS on WAX - Sign up with e-mail for a early giveaway!
RedFox Labs - The company behind KOGs
KOGs Discord Community - Daily live calls (9:00 am est)
KOGs on Twitter - Tons of updates and spoilers
