Could this Anime NFT project rip like Azuki? + New cartoon project by famous artist in Alpha section!

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Weekly Market Summary

One thing that is clear from the chart above is the sharp drop in listing over the past few days, decreased listing will typically correlate with rising floor prices across the market as we have seen in the last few days. Volume has maintained in a tight range through the week and mostly remained consistent. Given decreased listings and increases in floors for a number of projects and you are looking to make purchases then if you are patient, you may get a better entry if you wait & monitor closely. This is coupled with that Bitcoin has just broke $47k which would suggest ETH will follow which typically causes NFT floors to retrace somewhat.

Breaking News

Elon Musk has become Twitters biggest shareholder and will join the board of directors. Elon now holds a majority stake of 9.2%. We bring this up given that the majority of individuals in the NFT and crypto space have formed communities on Twitter. Elon has previously been very outspoken regarding $DOGE coin via twitter and has been known to move crypto markets. Now sitting on the board of directors it will be interesting to see how Twitter develops. Does Elon now have his own social media playground & currency… $DOGE coin?

Liverpool Football club’s NFT launch has flopped. Only 10,000 NFTS sold, out of a possible 171,000 NFT’s available. That being said, it has still raised the club £1M, of which £280,000 went to their charity, the LFC Foundation.

Rishi Sunak has asked The Royal Mint to create an NFT as an urge to demonstrate the Britain is open to embracing blockchain technology. This would appear an odd move for Rishi and it is likely to try and reduce the migration of British businesses in the web3 space to more attractive economic tax-efficient climates.

Weekly Winners

Azuki

After a successful event, Azuki saw an absolutely surreal price increase this week. As of right now, the anime project has probably secured itself as the #2 NFT brand. In just one week Azuki launched itself from 15eth to a peak of 36eth. The brand also had a successful airdrop called Beanz which peaked at 6eth. During the peak holders of Azuki had over 40eth in value from a 1eth mint. This value equates to roughly $140,000. While the project has pulled back a little after such a seismic rise, the brand is going absolutely nowhere and will be looking to build its brand further and try to catch up with BAYC.

Azuki Floor price (at time of writing): 27eth

7-day volume: 25,000eth traded

7-day de-listings: 195

% of supply listed for sale: 11.5%

Beanz Floor Price: 5.2eth

Kiwami

The anime project has also seen its fair share of success this week after catching a lot of volume after the Azuki price-action. The reasons behind this are clear. Investors want to find the next Azuki, and Kiwami became one of the main suitors that investors placed bets on. Muri and Akuma also saw a lot of volume however, Kiwami came out on top. The reason I believe it came out on top is that the project is run by a Japanese team. Thus, the anime art style is authentic and this resonated with investors. The project gained pace at a rapid rate from a .1eth start and peaked at around 1.2eth.

7-day volume: 10,400eth traded

% of supply listed for sale: 20%

Weekly Losers

The CryptoDads

CryptoDads was once a really promising project. The community behind the project was really strong from the get-go and even to this day, the % of supply listed is really low. However, this week the project reached lower lows and now sits at .1eth. It’s highly unlikely this one will recover and holders have probably begun to move on. Doge Pound suffered from a similar fate as this but not to this extent.

Floor price (at time of writing): 0.1eth

7-day volume: 11eth traded

7-day de-listings: 43

% of supply listed for sale: 4.65%

Winter Bears

This was another fairly promising project once upon a time. The project has actually managed to find itself in a worse position than CryptoDads. Today a tweet gained some traction from one of the community members. They proposed a holder-led revolution of the project in order to try and revive it from imminent collapse. It’s very clear that the founders have lost the community which is sad to see.

Floor price (at time of writing): 0.03eth

7-day volume: 2eth traded

7-day de-listings: 61

% of supply listed for sale: 4.2%

Floors to Watch

Sprite Club saw some nice volume yesterday morning after the owner tweeted about just 270/7777 of the collection being listed on Opensea. With low supply listed, this increases the possibility of a supply shock. This sort of happened yesterday morning as the price very quickly went from .1eth to .18eth over the course of a few hours. There is also an extremely thin sell-wall on the project. There are 172 items until .3eth which isn’t a huge amount considering there have been 245 sales in the last 24 hours. Moreover, after .3 things get extremely thin. There are just 58 listed between .3eth and .5eth. Keep an eye on this one. 0.12eth would be a nice entry point.

Floor: 0.14eth

CoolPets still hasn’t revealed. The project should have been revealed about two months ago, but delays to the game have held up the process. Those of you that know the blue-chip Cool Cats, will know that Cool Pets are the entry-level NFT that brings you into the ecosystem. However, beta testing has gone well so far and we should see a reveal soon enough. This is why the project is included on our floors to watch. When the game launches, the supply shock is going to be insane. Just 1.25% of the supply is listed for sale. This is absolutely insane for a project that doesn’t currently have staking enabled. Moreover, the sell-wall is thin. There are just 96 items until a 2.5eth floor or 172 until a 3.5eth floor. When the game has launched this kind of volume can be swept up in an hour. If you are looking for a speculative play then look no further.

Floor: 1.8eth (Recently pumped due to speculation, look for a better entry)

RTFKT Space Pods has been mentioned, for months as being highlighted as possibly the most undervalued metaverse play. A series of RTFKT announcements, when broken down prove a bullish future for the pods that many investors haven’t picked up on. In late February RTFKT announced that from that point on every airdrop will have Space Pod utility which adds instant value to the pods. In the same announcement, they also said that their next NFTs will have 3D files to display inside the pods which will add further value. Moreover, the burning of pods is set to begin in the short-term. This will drop supply and further increase value. This is simply information that RTFKT has released. Those that know RTFKT, know that they love a surprise, and it’s almost certain that their Space Pods will have no utility. Thus, these could be a really great investment for the long-term. Especially as RTFKT has established themselves as one of the best and most creative teams in Web3.

Floor: 1.67eth

Alpha

Moar by Joan Cornella

This is a project created by the famous Spanish Cartoonist Joan Cornella. Cornella is a very influential figure in Web2. The artist has over 3.2m followers on Instagram, worked for major publications such as the New York Times, and has self-published many successful works. Now, onto the project itself. The project is set around the story of a mansion in the metaverse called “MOAR”. It is a building where 5,555 creatures with their souls minted with the ERC721 blockchain as NFTs. While the world is in lockdown due to the invasion of aliens, guests staying at the MOAR, including humans, zombies, and cyborgs, live peacefully together. Each is unique, hand-drawn by Spanish artist Joan Cornellà using over 180 unique attributes.MOAR is a rather unusual mansion where you can find shops, games, and virtual exhibitions. The roadmap of the project includes a mini-game launch, community rewards, and a virtual exhibition. Moreover, holders will have exclusive purchasing rights to Joan Cornella’s physical and digital artworks. The project is being launched by the team, All Rights Reserved, who have a track record in the space. Now I get onto why the project is included in alpha. Despite the project minting in just two days, on the 7th, there is no whitelist to be grinded. At 4am UTC the Dutch auction will begin for the project. This starts with 1644 items fixed at .5eth for 45 minutes. Then at 4:45 UTC 2466 items will begin the Dutch Auction at .5eth with a drop of 0.1eth every 45 minutes. The whitelist mint will then take place around an hour after the Dutch Auction sells out. This one could be a really nice play if the Dutch Auction drops below the starting price. The only thing I want to make clear about getting into this project is that the artist is known for dark, satirical, humor. The last time a cartoonist with this kind of background came to Web3 it ended badly and extreme levels of fud sent the project flying down in floor price, which has never really recovered since. This was Jungle Freaks. While I’m not saying this will happen, it’s a risk you need to calculate in your buy-in price.

Official Links:

Twitter

Website

Joan Background

Joan Instagram

Dutch Auction Information

Weekly Winners, Losers, Floors to Watch, and Alpha is written by @Walty

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