Banking on Banx: The New Rev-Share NFT From One of the Oldest OG Projects on Solana

Jeff Opdyke (Jeffo)
8 min readMay 21, 2023

Maybe the last two years of rugs and scams and bullshit, over-hyped NFTs have left me jaded, but I find a certain level of comfort in OG vs. New G.

By that, I mean my sense of relative comfort swells when I see a successful, existing OG project announce that it’s soon to mint a new collection of NFTs that serve a real purpose and offer holders real utility (in this case, sustainable passive income).

Nothing against the New Gs — I like and own several of them — but too many are still falling apart within a few months of mint, meaning they were prematurely born in the first place.

But OGs?

They’ve weathered the best and worst of the NFT space over the last two years. Those that survived and continue building and innovating … those are the teams and the projects I want to associate with as an NFT investor because they’ve proven their mettle.

The OG project I’m talking about in this case is the combo team of Frakt and Pawnshop Gnomies, which Frakt snapped up about a year ago.

This month, Frakt/Gnomies will release a new collection called Banx that will merge those two forbears into a single NFT project. The aim of the new collection is threefold:

1. Unify Frakt and Gnomies under a single umbrella.

2. Simply the brand, the marketing message, and holder benefits.

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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/