FloorDAO did it first and made infinite APY on Miladys, Remilios, CryptoPunks, and Chromie Squiggles
If you sold a Milady during the first cancel, there's a very high chance you sold it to us
We earned 100 Miladys overnight during the cancel
NFT treasury companies are coming
Whether weâre ready or not
GameSquareâs $5.15 million Punk acquisition is just the beginning
The math is simple: $8 million CryptoPunk sweep moved the floor 8 ETH overnight
Now imagine $50-100 million funds buying in
We've seen this playbook with Bitcoin treasuries like MicroStrategy, converting corporate cash to BTC to become a publicly traded crypto proxy
Now it's JPEGs getting the treasury treatment
The entire NFT market cap is still only the size of a single top 25 chain like Uniswap
The upside is clear
So are the concerns
Is the world ready?
Not really⊠but that's never stopped this space before
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