$24,000: An Ivory Portal NFT Value Based on Real-World Real Estate

Jeff Opdyke (Jeffo)
7 min readDec 5, 2021

How much is a piece of digital real estate really worth?

It’s a big question in my mind these days after recently minting three Portals and watching the floor price for the low-end model — the Ivory Access Card — jump to 14–15 Solana before slipping back toward 10 SOL in this recent selloff.

Here’s my answer: I value an Ivory Access Card at somewhere north of $24,000, or about 120 SOL at current SOL prices. That would be a nearly 12x move from the price of Ivory card on Magic Eden right now…

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Jeff Opdyke (Jeffo)

Former Wall Street Journal writer living in Prague. Crypto and investing. Editor Global Intelligence Letter. Also on Substack: jeffoalpha.substack.com/