Preliminary Finding on Nft Profile Retreat
The profile image changed on a Thursday without announcement, and the previous one has not been mentioned.
Preliminary Finding PF-2022-026 NFT Profile Retreat: Documentation and Classification
Background
In late 2021, a segment of the online population adopted profile images derived from blockchain-registered image collections. The images were distinctive. Their presence signaled a set of beliefs about digital ownership, financial participation, and community membership.
The beliefs were held with varying degrees of conviction.
The Retreat
By January 2022, the profile images were being replaced. The replacements were standard photographs or previous profile images. The transitions occurred without announcement.
This is the behavior under examination.
Mechanism of the Retreat
The NFT profile image was adopted during a period of price appreciation. The image was both an aesthetic choice and a visible position on a financial thesis.
When the price thesis became uncertain, the image became uncertain. The image, being visible, required a decision that the price thesis, being internal, did not.
The decision was made quietly, on a Thursday, and attributed to nothing.
The Checking Behavior
A secondary behavior accompanies the retreat. The subject continues to check the floor price of the collection at irregular intervals. The floor price is declining. The check does not change the floor price.
The check is performed again.
Uncertainty may be converted into a number. The number can be checked. The check cannot change the number. The check is performed anyway because checking is an action, and actions feel different from waiting.
Classification
The NFT profile retreat is classified as a low-visibility exit from a public position. No documentation of the entry was required. No documentation of the exit is required. The prior profile image is not discussed.
The floor price is currently $847. It was $4,200 in November.
The subject has checked it once since this finding was drafted.