Across the board, NFT floor prices are currently far from their all-time highs.
“A lot of people aren’t looking at the right things before they invest,” said TheDood. “They’re looking at FOMO or they’re looking at momentum, rather than ideating on value.”
Scriv believes this is because the current incentive structures in web3 are broken.
“The space has devolved into a round robin casino of sorts," Scriv said. "Wherein the average user’s interest in a project is almost entirely predicated on how much they might be able to sell it for.”
Instead of building a new community, Rumblerz hopes to unite the ones that already exist.
The founders say the goal is to create a show where NFT PFPs can come together, be entertained, and settle their differences in the ring. They want to build a place where fans and newcomers can witness a battle for the ages, laugh until it hurts, and share in the wealth we were promised.
For more information, visit the Rumblerz Twitter account and watch their promotional video below.