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  • NFT Scoop- Major opportunities coming! Learn about the Yuga Labs Land Sale and Hear Some Mysterious Alpha.

NFT Scoop- Major opportunities coming! Learn about the Yuga Labs Land Sale and Hear Some Mysterious Alpha.

March 22, 2022

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Weekly Market Summary

The bearish market continues. As the above chart shows, floors took quite a heavy dip towards the end of last week, with some promising signs over the weekend, floors have been unable to maintain the upward trajectory. Volume has maintained a consistent movement which evidences there is still plenty of movement. With floors dipping the opportunity remains for solid entry points in projects.

Breaking News 

It seems like they are not out of the news section however Bored Ape Yacht Club creator Yuga Labs has unveiled their latest move by announcing its Metaverse called “MetaRGP”. A link to the video announcement can be found here

A Bored Ape Yacht Club NFT previously owned by Mexico’s Club Necaxa soccer franchise sold for over $330,000 on Sunday, with the proceeds supporting Ukrainian refugees.

Vitalik Buterin, co-founder of Ethereum, has made the cover of last week’s Time Magazine. This is the first time an entire issue has been released as an NFT on the blockchain.

Weekly  Winners

The 10,000 piece collection has made some bullish movement over the last 24 hours. The women led project which saw some pretty amazing success at the end of the bull run in January appears to be heading in the right direction. Having looked at the discord the community are extremely welcoming to all new members and the art is very clean. The project has reached some pretty remarkable milestones such as 10k Instagram followers, 50K Twitter followers, a new website launch and they could be found in the trending section of Opensea.

The last 24 hours have seen a 2x in the floor market price.

Floor price (at time of writing): 0.6ETH

7-day volume: 283eth traded

7-day listings: 229

% of supply listed for sale: 8.61%

You will read more about this project in our floor to watch section however we must mention the movement over the past week of the floor. The project was minted on the 13th March 2022 and the launch was a success. The project follows a similar trend to Azuki and with the project comes high-quality anime PFP.

Floor price (at time of writing): 0.97 ETH

7-day volume: 9534 eth traded

7-day listings: 368

% of supply listed for sale: 30.06%

Weekly Loser

In our newsletter 22/02 we advised this project as one to avoid. The following will evidence our advice as being correct. This project was Snoop Doggs entry into the Metaverse. The main concern with the project is that historically, celebrity projects do not do well. There was no significant utility offered with the NFT and there appears to be a lack of roadmap. At the time of informing you that this was a project to avoid, the floor reached a top of 0.88 eth. A really good flip if you managed to sell anything above 0.6eth. Unfortunately, as predicted with celebrity projects, the floor has nose-dived to a new low of 0.22Eth.

Floor price (at time of writing): 0.22 ETH

7-day volume: 122eth traded

7-day listings: 69

% of supply listed for sale: 11.62%

Floors to Watch

Muri by Haus is one to keep an eye on. After a massive run two days ago the project is now experiencing a natural decline. The project is trending at #3 most volume on Opensea this week. However, Muri taps into the Azuki trend. It’s an extremely high-quality anime pfp project with a nice roadmap ahead. The ecosystem for this one is looking quite attractive. The project plans to release a token with the greater idea of building its own metaverse ecosystem. This token will act as an in-game token or to purchase physical pieces. The project is also releasing a whole anime around MURI which will include the whole roadmap. This will be in both animated and print form. The metadata on each NFT will also be updated as this takes place to update the story. Finally, the project plans to create physical toys and a fashion line. As said in the first line, after the success of anime projects such as Azuki this is one to keep an eye on. If the team can execute their ideas perfectly then this project could be a giant success. Let’s hope that they can begin to deliver on their roadmap swiftly.

Floor Price: 0.92eth

RaidParty is a project that has been around for a while but is starting to get some serious attention. In RaidParty, players join The Raid: a massive dungeon in which only a single boss is present at all times. A player's "party" is the team they enter into the dungeon with, composed of one Hero NFT and a limited amount of Fighter NFTs. All players contribute in dealing damage with their teams to this single boss over time and are distributed $CFTI. $CFTI is the utility token yielded to players from the raid and can be used in various ways, such as increasing the damage of their NFTs to yield more in the Raid. We will include an info graphic regarding starting your journey on the game below. Credit for the info-graphic goes to Jo Mengo.

Hero Floor: 1.05

Fighter Floor: 1.19

Bored Ape Kennel Club is the entry-level NFT to the BAYC ecosystem. If you watch the eco-system closely you will quickly realise that BAYC, MAYC, and Kennel Club price action is tied together. Thus, if you are bullish on BAYC then you are bullish on the Kennel Club. The reason we include this in floors to watch is that the next couple of months are going to be absolutely massive for the ecosystem. With the land sale that is about to take place (that we will mention in the alpha section), it is likely that floors are going to be reaching new all-time highs. There are no doubt that BAYC is going to come out on top of the NFT world this year. However, 1% of you reading this will have the means to purchase a BAYC or a MAYC. Kennel Club gives many more people a fair entrance price into the ecosystem and we are sure that price action will reflect this over the months to come. If the land sale is executed perfectly and $Ape continues to thrive it wouldn’t be surprising to see Kennel club go over 10eth.

Floor: 7.45eth

Alpha 

The founders of BAYC not only just acquired Larva Labs, but they have serious ambition. They are building a gaming metaverse called the ‘MetaRGP’. This will be a decentralised metaverse with its own economy where players own their land and resources and can migrate their own NFT avatars across as a character, while also creating their own in-game assets. In this metaverse, there will be the ability to design characters, skins, clothing, etc. Moreover, they are working with Animoca to build a racing game and NWay to build a PVP arena. This is just the beginning with more expansion to develop. $APE token that launched last week will likely be the currency of their metaverse. The MetaRPG is going to launch with a land sale that will correspond to real in-game land. Now we get the Alpha.. There is going to be an initial land sale this month. This will be for 100,000 plots of which 30,000 will go to the ecosystem. However, 70,000 are going to public sale at around 1eth each. It has been rumoured that this 1 ETH price will be in $Ape token equivalent. This is a major opportunity to be part of the Yuga / Bored Apes which has not yet failed to disappoint investors. There are of course risks and the initial investment is quite high but what is presented is owning a piece of land in what could become one of the world’s most popular metaverse ecosystems. We at NFTscoop are bullish and expect the price of the land to increase from the initial sale price, but as always we encourage you to do your own research. There is another major opportunity that presents itself when you mint. Each plot of land will have the possibility of containing natural resources, rare artifacts, and a ‘Koda’. Kodas are ‘Yuga Labs’ next 10,000 NFT pfp project. They are going to be randomly distributed and airdropped to landholders. Although it’s a lottery to get one if you do you’re going to have some serious value on your hands. After the land sale is finished the game economy will begin as landowners begin to trade, buy, sell or stack resources. This opportunity is one that likely won’t present itself again any time soon. We will do a follow-up post closer to the time surrounding the land sale itself. 

This is a mysterious project. Meltdown is a post-apocalyptic-themed metaverse dystopia. Next to nothing is known about this project. However, our friends at Alpha Club provided us with the following information:

There are 3 stages to get whitelist. This is how to complete the first of three levels. To note: There is an email registration at the end.

Step 1: Go to:

https://www.0000000000.club/

and say ‘yes’ to everything.

Step 2: Once done, change the end of the link to ‘/server4’ and enter the password ‘1962’.

Step 3: change the end of the link to /code.

Step 4: change the end of the link to /catastrophe.

Step 5: change the end of the link to /radioactive.

Step 6: Enter your email address and submit.

Step 7: Go to their Twitter, enable post notifications and get ready for level 2/ entering their discord.

Again we would like to thank Alpha Club for the information.

Official Links:

Project to Avoid 

In our newsletter 11/02 we advised you of Squiggles being a rug-pull. Information has come to light that the team behind that project have chanced their arm at a new project called Bluttles. We attach a copy of the series of tweets showing the evidence that this project is a scam with the project owner having previous for similar actions here. The mint process is still ongoing on the website, PLEASE DO NOT MINT! The current price to mint is 0.08 but the floor currently sits on 0.04 so this tells you everything you need to know. As always, please do your research into projects and ensure you are comfortable with the project before parting with your money. As the project is still currently minting we do not have full floor price data yet but as above, DO NOT MINT!

Thanks for reading! See you on Friday.