The burn that was promised - more NFTs burnt

Background and Context

Last week, I posted about an experiment to try and move some of Lensy.io NFTs. I want to produce more NFTs (not just on HIVE) - and want to use the funds from selling existing NFTs to finance this. The long story short is I've got a lot of work, and want to use lensy as an avenue to actively increase my photogrpahic output, and to also fund some gear acquisitions in the future.

There was little response last week, and no new sales of work. I shared the post to twitter. I got 84 impressions, 2 likes, and no link clicks. I got a bit of interaction on my post, but no interest from collectors or buyers.

So, I had to burn, as per my post last week.

They're now gone forever.

Buy my work?

I want to sell my lensy.io NFTs. Here is how I want to do it. Every Friday, Australian time - I will make a post detailing the remaining editions of my NFTs. This is an experiment in art economics and something I want to do to increase the volume of sales on lensy.io to benefit all photographers

Each week, 1 edition in my ownership will be burnt, whether any editions sell, or not
The price of remaining NFTs will increase using the following formula:

Current Price DIVIDED by Editions remaining for sale PLUS Current Price
I reserve the right to round up / down to the nearest whole SWAP.HIVE

This will continue until all NFTs are burnt or 1 edition remains in my ownership
The final edition in my ownership will remain on sale
Each week the final edition in my ownership is on sale, it will be reduced in price by the following formula

Current Price less ten percent, until it reaches 10 SWAP.HIVE, or the total cost to mint the series +1 SWAP.HIVE

This final edition will remain on sale until it is no longer in my ownership

I have no control over what collectors do with the editions they purchase. They may try to undercut my rates in order to make a sale, or owners of an existing edition may purchase and burn their own editions to prevent other collectors from getting their hands on it.

I'm interested in seeing what happens.

Here are the NFTs

The Sword is Mightier

The Sword is Mightier
Minted	8
Sold	0/8
Burnt	2/8
Editions for Sale	6/8
Initial Price	25 SWAP.HIVE
Current Price	32.65 SWAP.HIVE
BUY NOW

Price Projection

Current Owners: @holoz0r

The Matt Clarke

Buy it here
Minted	8
Sold	2/8
Burnt	2/8
Editions for Sale	4/8
Initial Price	8 SWAP.HIVE
Current Price	11 SWAP.HIVE
BUY NOW

Price Projection

Current Owners: @holoz0r, @mattclarke @bullauge

Gravity

Buy it here
Minted	25
Sold	0/25
Burnt	2/25
Editions for Sale	23/25
Initial Price	18 SWAP.HIVE
Current Price	19.79 SWAP.HIVE
BUY NOW

Price Projection

Current Owners: @holoz0r

In conclusion...

I look forward to seeing the outcome of this experiment. I'll make an update post each friday, documenting my further thoughts on how NFTs and the art world continue to intersect, and how it makes me, a content creator, and artist feel.