NFT Scoop- Could this be our biggest piece of Alpha yet?

April 01, 2022

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Weekly Market Summary

A slightly bullish week in the market with evidence of plenty holding onto their investments. There has been a slight decrease in volume over the week which initially started with some positive movement over the weekend. Decreased listings have risen sharply to 75% (of projects) showing the continued conviction in holding. Floor prices have increased ever so slightly. However, there is clearly some uncertainty in the market with some big launches coming investors seem to be holding onto their assets for the time being. The general increase of decreased listings with increased floor prices emphasizes somewhat of a bullish nature.

Breaking News

Azuki Item #9605, the second rarest in the collection has recently sold for 420.69 ETH ($1.43M USD). The item was purchased for 2.74eth following the mint. A sore one for the original initial owner!

The Ronin Network - the Ethereum side chain used by Axie Infinity - was breached. Exploiters hacked private keys to forge withdrawals totalling $625 million. Axie Infinity creator Sky Mavis has committed to recovering or reimbursing all funds of those affected. We attach a link to explain what is happening from the owner’s side of things - Link

Further to our breaking news recently regarding OpenSea adding Solana-based NFTs to its marketplace, the company has launched a teaser which you can view here. Solana NFTs will now be coming to Opensea at some point in April. Now a scramble begins where Solana projects try to get listed and partner with Opensea.

Weekly Winners

This was a piece of alpha in our 08/02 newsletter and following the minting of the Flower Seed it has lived up to expectations.

We stated that when this project launches it is going to be one of the biggest projects of 2022 and following the mint on 30/03 it justifies this call. Currently, whitelisted individuals are free to mint and as per our Newsletter on 29/03 you can enter the lottery to win a public sale whitelist spot for the project. We will attach a link here to enter.

To nobody’s surprise, the floor is already sitting at 6.5eth which is a justified floor price for such an anticipated project and a well-deserved weekly winner.

As the project is still minting we do not have all the floor data yet but keep an eye out on our Twitter page for updates.

As per their Twitter- Kiwami is a collection of 10,000 avatars for a next-generation collective of artists, builders, and rule-breakers. Carefully designed in the metaverse & born in Japan, holders have access to exclusive Kiwami offerings and the opportunity to shape our collective future. Join us in Chasing the Tsunami.

The project was minted on 23/03 and it is safe to say this has been a successful launch following in the footsteps of other recent successful launches from the Asian market.

The mint process was via Dutch Auction with a refund facility whereby users who minted at a higher price were able to get a refund based on when the project sold out. This method is how a Dutch Auction should be done.

The mint sold out at 0.1eth and the floor immediately began to rise peaking at 0.65. The art is currently revealing so expect a natural dip, however, those who managed to mint rare items are easily seeing their NFT fetch 2ETH plus.

Once the full statistics have been revealed we will share them on our Twitter page!

Weekly Losers

The 8888 piece collection was minted on 22/03 and it has been underwhelming, to say the least especially when they have a Twitter community of 140k.

The price set for whitelist minting was 0.069 ETH and public minting was 0.079Eth which is a reasonable sum given plenty of projects have launched above 0.1eth. However, the main issue the project had was a locked Discord while minting. The issue with this is that there is no real engagement with mods outwith those that were brought into the Discord. Thus, there was no real connection established with the outside. Furthermore, people who owned the NFT couldn’t even enter the discord to speak with the community. This is pretty amateurish incompetence from the team and something that was so simple to fix.

The reveal took place pretty quickly and the art is very simplistic in nature. As such, the floor has failed to take off and has now fallen below the whitelist and the public mint price at 0.059ETH.

It was not so long ago that this project had very notable blue-chip potential. Previous large success saw the floor of this project hit the heights of 3ETH (during peak bull-market with ETH in the $4000 range) and the floor was even sitting around 2.2ETH at the start of last month. However, many members of the community are recognizing that the project is not heading in any specific direction and is effectively stalling.

During the bull-run, holders were receiving gifted air-drops of NFTs which held some decent value. However, this is quickly forgotten as the floor price has nose-dived at an alarming rate over the past month.

The dumping of the project was clearly contagious as the dip of 2.2eth to the current floor of 0.61 in the space of 6 weeks is extremely alarming.

Pending what announcements are made in the immediate future this project may have a slight bounce back but time will tell on that one.

Floor price (at time of writing): 0.61ETH

7-day volume: 91eth traded

7-day listings: 2

% of supply listed for sale: 3.78%

Market Summary and News is written by @DAWA9042

Floors To Watch 

Over the last week, there have been some really great trading opportunities. With the market looking iffy most of the opportunities that I will note in Floors to Watch will be short-term flips into high volume and bargain brand-builder HODLs. I will label them accordingly.

The Japanese-led anime project has gained some serious traction this week. The project rapidly went from being relatively unknown at 0.1eth to being one of the highest volume projects on Opensea this week. Reveal has happened and we can gauge some initial results from the dip that occurred. There was a pretty thick wall at 0.5eth where absolutely everything listed was being purchased. However, as buyers calmed down this wall broke and the project has now fallen down to the 0.4eth region. With Azuki out-performing the rest of the market it is pretty certain that another anime project is going to see a huge rise. Kiwami did have that but the floor still isn’t overly high. I’m expecting to see another anime project break above 1eth in the near future. Muri got close but is now seeing a retrace. With the volume going into Kiwami I believe there is going to be a nice buying opportunity at some point over the next week. With little data, I can’t pinpoint where this will be just yet. However, over the next few days, the price will meet resistance at a certain floor and listings will begin to come down. When this price is activated it will signal a really nice buy-in for the project if you have conviction in the team in the mid-term. Keep updated with our Twitter for more analysis on Kiwami. We will post a tweet when we start to see some resistance. You can follow here.

Those of you that remember the fud surrounding Weather Report will probably think this is a weird choice. However, I have quite a bit of conviction in Weather Report to deliver. The project is even still my profile picture on Twitter despite high levels of fud and a low floor price. In my opinion, Weather Report has some of the best artwork for profile pictures to use for your Web3 identity. However, art is not the reason I include this in the floors to watch section this week. The team behind Weather Report are serial brand-builders. If you want to bet on a brand succeeding with a low buy-in this is quite literally the project for you. Weather Report just held their first Weather-Fest in which they held 5000 guests at an event in LA. Holders got free tickets of course, and a goodie bag filled with Weather Report branded merchandise. Performers at the event included rappers such as YG, Soulja Boy, and Rae Sremmurd. Moreover, there were high-quality food stands and bars. All of which were free for holders. This is visual proof of a brand being built. They plan to host an event in NYC next and I know for a fact that London is also on the cards. One thing to note is the project is currently filing a lawsuit against former artist Dentin over his defamation and if this lawsuit fails it will be extremely bad for the floor price. However, I personally believe in the team to succeed and with a floor price of 0.07eth, it is unlikely you will be able to buy into a project of this quality at such a price point.

This is a really interesting piece of alpha that I am going to present. I’ve never really written about a similar project to this before. In essence, this is an NFT tool. Owning an Alpha Shark gives you access to their tools that will put you ahead of 90% of the market. Firstly, the tool provides you access to some very nice analytical insights and market data that Opensea does not present. Secondly, the reason it is included here. It includes a state-of-the-art sniping tool. This calculates and allows you to see meta-data before it’s even shown on Opensea which allows you to snipe rare items off the floor during reveals ahead of the competition. Secondly, it lets you see listings faster than those just using Opensea which allows you to snap up amazing deals before anyone else. Finally, as you go to purchase an item it shows you all the contested transactions on that specific NFT. This single-handedly allows you to see how much gas your competitor is using and then allows you to out-price them and snatch the NFT before them. If you are taking NFT trading seriously then you need a tool like this. This is also one of the cheapest available. A lifetime pass will set you back just 0.3eth. Competitors to this are priced at around 0.1eth a month or lifetime passes in the multiple eth region. Thus, long-term if the tool grows in popularity not only will you be a long-term winner but also a short-term winner. The team behind this one is very good and are constantly listening to the community and adding/upgrading the tool daily. They are also hiring some devs and getting a bigger office space so that they can work even more efficiently. The most notable big addition that is to come will be the chrome extension which is said to blow away any competition. There is one more thing to explain about Alpha Sharks. This isn’t just a tool. The pass will also reveal an NFT pfp on the 8th of April. This now leads me down a whole ecosystem rabbit hole that would take me multiple pages to explain. To simplify things I will link the white paper here and highlight the key points. Staking will be introduced in order to generate an Alpha Shark token. NFTs with #1-1000 generate 30% more tokens when staked. (Really important you know this if your buying). NFTs that end in an odd # generates a 10% bonus. These tokens will be used to purchase whitelists etc. Moreover, if you own more than one shark you will be able to breed them in the future to create a baby shark. This will hold a bonus.

Alpha 

This is a piece of extremely early alpha and in my opinion, has extremely high potential. This is a collection of 5000 Companions that has been created by an established, Swedish, 3D Motion Designer named Oscar Petterson. Something really interesting about Oscar is that he is followed by Markus Magnusson. For those that don’t remember, Markus is the motion designer behind Invisible Friends. This suggests to me that Oscar has some very serious respect in the Motion design world. Secondly, Oscar has 96k followers on Instagram. He is clearly highly respected. The other person behind the project is Kevin Olberg. From what I gather from his website he is a one-man design and animation studio who specialises in illustration, film, and art direction.

Firstly, I’m going to leave links to both artists’ websites and marketplaces below. Just so you can see the sheer quality of work that they have designed:

Now we’ve gone through the personal information regarding the artists, let’s talk about the NFT. The project had 5800 followers this morning and now stands at 9000. It is growing quickly so you better hurry!

The supply of the project is 5000. This is an extremely nice number. I’ve found this to be the sweet spot. Especially in this market.

So now we get to the question you all want to know. How to whitelist? This is actually quite mysterious and I’ll need to do some digging. They are whitelisting people by doing tasks on their Twitter. I’ve seen two tasks so far so it is advisable that you follow their twitter.

I feel like this has seriously high potential. Time will tell, I guess. Follow the project on Twitter, turn on those post-notifications, and good luck!

This could be one of the better plays you make in April. However, you must note that it involves a Dutch Auction (which I will explain in more detail later) and the buy-in cost is probably going to be really high. Anyways, the website is going live after this newsletter is released so I will be doing a follow-up piece on this on Tuesday. This isn’t time-sensitive (don’t worry). Mint isn’t till the 16th of April and there is no whitelist. I will now explain the details I do have surrounding the project as an initial delve into the project. The project is a 10,000 pfp collection directly linked to Proof Collective. Proof is one of the most respected communities in Web3 and sits at a floor price of 50eth. Owning a moon-bird will give you exclusive access to their discord which is full of whales, founders, builders, and other influential people in the space. Moon Birds is also the official pfp for Proof. Moonbirds will be the first Proof project where utility is explicitly tied to time held. Specifically, the longer your owl “nests” (staking), the more it levels up and in turn the more utility you get back. This means that when you sell your moon-bird the next owner has to start from scratch again. To be frank, Proof has over-delivered in their time in Web3. They are amazing builders and this will be no different. The team includes Kevin Rose, Ryan Carson, and Justin Mezzell. If I recommend one project to you in 2022 it will probably be this one. The Dutch Auction will begin at 2.5eth and will drop until .1 over the course of 6 hours. In my opinion, this is going to sell out fast and I will almost be surprised if it goes below 2eth. I will bring you more information on the project on Tuesday once the website is out and I’ve done a deeper delve into the project!

Official Links:

Floors to Watch and Alpha is written by @Walty

Thanks for reading! We hope you enjoyed our work this week. For daily updates follow us on Twitter here. Don’t forget to share if you found our newsletter useful. See you on Tuesday for more.