2021 was about the Flex

bayc, punks, doodles, pick your pfp

2021 money was easy

• interest rates low
• stocks/crypto all-time highs

But the world has changed

What used to be cool, is now passé

Stealth wealth > logos

Google Trends shows search results for Loro Piana, up 8x since crypto top in November 2021 ... steal wealth fashion trending higher

HBO's Succession highlighted this fashion style
to the mainstream ... and it took off

Instagram now full of "Old Money" style reels

⬜️🟫⬜️🟫⬜️

& NFT pfps didn't get the memo

They continued to be about the flex

Even though ... that trend had shifted

Subtle is cool

⬜️🟫⬜️🟫⬜️

I had BAYC as pfp from 2 ETH, held for a long time &
sold it in late 2022

Moved more subtle to a CryptoPunk as pfp
sold that

Until I got to a pfp that resonated with me

That's not about the flex, perhaps the anti-flex

Because subtle is cool

⬜️🟫⬜️🟫⬜️

Art collecting won't go out of style

Just like few would know a $3k Loro Piana cardigan

Few will know what a Ringers or Fidenza is ... but the ones that know will know

& fashion has shifted to the more subtle cues

Flex only to others that are in-the-know

No reason to flex to everyone

⬜️🟫⬜️🟫⬜️

Azuki is intersting, respect the art

But the OG collection didn't like the new collection
had similar vibes

Rather than embrace the subtle differences, the community demanded the flex

And we see the result

Flexing is no longer cool ...

And prices across NFT market reflecting that in spades