I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.
I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.
What's your opinion about that?
You're exactly right.
A lot of the NFT sales right now have no substance whatsoever and only exist to make sure that the founders get their payday.
If you are hunting for presales, please do your research and make sure that the art being sold is not being pirated, the smart contract is actually legit, etc.
Lots of resemblance between this NFT craze and the ICO craze back in 2017...