May 26, 2022
Hi Jess- Generative NFT collections typically sell out sight-unseen. That is, when people buy the NFTs, they do not get to choose which NFT they are getting. They do this (buying one or more sign unseen, at random) in hopes of getting one of the rares or supe-rares. But yeah, once the NFTs are revealed, people then can see whether they have a common or rare one, and the market typically adjusts accordingly, with rarer items fetching super-high prices and the common ones selling for close or at the floor price.