NFT Scoop- New NFT Animation Series! Could This Be The Next Big NFT Trend?

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Weekly Market Summary

Over the last 7 days, the market has ranged relatively consistently on average. We have seen a slight decrease in listings overall though this hasn’t massively affected overall floor prices. In the middle of the week, we did see slight increases in floor prices and volume. However, it then settled towards the back end of the week. From a wider standpoint overall, the market seems relatively bullish.

Market Direction

Whilst PFP projects still dominate the NFT stage we are noticing a gradual shift. One thing to note of late is utility passes coming into the scene. These are NFTs that grant you access to real-world products & services such as NFT analytics platforms or clubs such as the Vayner Sports Pass that dropped last week. However, we feel this is just the start and is an onward march forward for NFTs that have real-world utility. Music NFTs also make a lot of sense to us, the industry is ripe for disruption with record labels often taking the lion's share of music artist earnings, how this will play out we are not yet sure, though we are monitoring it closely.

Whilst we have seen a break in interest from the Gamefi/Play2Earn metaverse mania that swept the space last summer, several projects will have been taking the down period to innovate and build. We will likely see the rise of new games trying to rival the success of Axie Infinity and with that will come in-game NFTs in the form of playable characters and land. Keep your eyes peeled on this area. One project that looks particularly interesting is Crypto Raiders, which recently received significant investment from Delphi Digital & Defiance Capital

All in All, NFT utility is coming into play, though still be wary of projects who promise utility as many scams are now doing this in their roadmaps to sell out which is likely just false promises.

Breaking News

NFL Enters Crypto and Web3

The Tennessee Titans are the first NFL team to accept bitcoin for large and recurring purchases through a third-party service provider. Initially, this functionality will only extend to large and recurring payments or services. The Titans hope to extend bitcoin payments to single tickets, merchandise, and at-game food and beverage purchases.

A Lego Metaverse?

The LEGO Group and Epic Games today announced they are entering a long-term partnership to shape the future of the metaverse to make it safe and fun for children and families. The two companies will team up to build an immersive, creatively inspiring, and engaging digital experience for kids of all ages to enjoy together.The family-friendly digital experience will give kids access to tools that will empower them to become confident creators and deliver amazing play opportunities in a safe and positive space.

Weekly Winners

Pudgy Penguins

The return of the Penguins.

These guys had to make our weekly winner list. The 10k PFP collection is one of the older collections and could be considered an OG of the NFT space, they have made a meteoric comeback. They have been around since June/July last year with very little volume, in Aug 2021 they shot up to 3.7ETH Floor. Since then overall they continued to decline in popularity. On March 9th you could pick one up for as low as 0.69ETH. Since then the Floor has shot back to 3.85 ETH on April 5th. The rise is due to the project having been taken under new ownership.

Luca Netz Entrepreneur who runs a successful 5.3 million follower Instagram merch account recently bought the project for $2.5M, this change has given the community new faith in the future of the project.

Quirkies

Quirkies have had quite a rise since the start of the week and they have a good level of volume of around 1837 ETH.

Since the 1st of April, the project has jumped from 1.7 ETH Floor to a high of 3.6 ETH. Just over a 2x and a healthy gain for those who purchased. The art style of the project is a pastel colour ‘cute’ style PFP, they also resemble & are somewhat similar to the Alien Frens collection which is another successful project. In our opinion, the art style & quality is better with Quirkies!

Weekly Losers

Neo Tokyo: Outer Identities

Neo Tokyo: Outer Identities are part of the Neo Tokyo ecosystem. They have taken a strong dip in floor price this week with a 33% decrease. However, more notably since January, they have seen a slow gradual decrease down from 10.4 ETH. The project is led by Ellio Trades and Alex Becker who are two well-known influencers in the crypto and NFT space. We must say, they have certainly driven a lot of value to their holders across the whole collection since the mint of their genesis collection. If you are bullish on the Neo Tokyo ecosystem then it may be a good entry point, though of course always do your own research.

Floors to Watch

Akuna Origins is a really interesting potential pickup. After the rise of Azuki, it’s almost certain that something in the same art and roadmap style is going to chase after it. Akuna’s artwork was revealed two days ago and has yet to see a significant post-reveal dip. The project has been sitting steadily in the 1.1eth range and if it can hold this level for a little longer we will likely see some positive price movement after the consolidation phase is finished. This will be after those who are looking for an exit from the project sell to those with high conviction. I have some interesting statistics to look at when it comes to Akuna. My technical analysis tool rates Akuma as having a 29.13% ‘Next Blue-Chip Probability’. The project has 140 mutual owners of Akuma and Mutant Ape Yacht Club, 116 mutual owners with Azuki, 101 with Clone X, and 88 with Cool Cats. This shows that a lot of smart money is involved in the project. One good thing to note is your entry into Akuma is not time-sensitive and if you are interested in the project then you have quite a bit of time to plan your entry strategy. As the project currently sits in a consolidation phase, there is quite a thick sell wall to break down. For example, there are 237 sales until a 1.5eth floor and 773 until a 3eth floor. As these numbers begin to erode over the next week the project will look more and more bullish. Nonetheless, the volume is really good on Akuma and they have a very nice shot at reaching new highs.

Everai Heroes is also another interesting pickup. The project saw some positive price movement over the last few days with an increase from 0.5eth to over 1eth in just a handful of days. This took place after the reveal which suggests that holders have high conviction in the project’s success rather than hype. My analytics tool gives this project a 24.43% Next Blue-Chip Probability. Everai shares 289 holders with Azuki, 124 with Clone X, 115 with Mutant Ape Yacht Club, and 104 with NanoPass. This suggests a lot of smart money is involved in the project. Moreover, the sell-wall is beginning to break down. There are just 183 items until a 1.5eth floor and 321 until a 2eth floor with 688 sales taking place in the last day. Volume is really good and we could see Everai continue its positive rise.

Relics Pass is for those of you with higher levels of liquidity. The 1000 supply project is predicted to mirror the success of Proof Collective. One of its founders includes a well-respected artist Jeff Cole, who has amassed almost 1million followers on Instagram. Jeff is also the co-founder of Ikonic an LA-based online art gallery supplying art pieces of pop culture at an affordable price. This week the floor price has seen a 2x to around 6eth after it became known that Gary Vee was involved with the project. The floor price further increased after VeeFriends entered a strategic partnership with the Relics Pass. The reason we include it in our floors to watch section is that the low supply opens the project up to major supply shock. For example, right now, there are just 30 items until a 10eth floor and just 39 until a 15eth floor. All it would take is one sweep of the floor after some bullish news to send the project flying up in floor price. Obviously, the price can fall as fast as it can climb but if you are particularly bullish on Relics and what the team is building then this would be an excellent purchase, even if it was just a short-term hold.

Alpha

The Lunartics

This is an early piece of alpha, however, the project is already picking up some serious attention and traction after just one tweet. The Lunartics is an animated NFT series created by FOX Animation legend Julius Preite (Simpsons, Family Guy) and notorious Writer/Producer Dan E. Fesman (King of Queens, NCIS). Each season will launch a new series of animated videos of the Lunartics’ most futile and embarrassing missions to the moon over the past 50 years. Lunartics holders will be able to vote on upcoming missions, have a voice in the shape of the series, see their character pop up in a future episode, go behind the scenes with two industry insiders, rub shoulders with an exclusive community of creators and animators, and be a part of the next big bang when blockchain technology converges with the world of entertainment. The project is launching with a whitelist sale on April 19th with a mint price of 0.08eth. Moreover, the sale will only be live for 24 hours with a maximum of 2 mints per wallet. Public will follow the next day with a max transaction of 5 per wallet. Another piece of important information is that the contract will be an ERC-721A which is notorious for low gas fees. The final piece of important information is that holders have full commercial rights to their specific Lunartics NFT. The fact that the whitelist is taking place in just 10 days suggests that getting on the whitelist should be easy. We have included the Lunartics trailer video below:

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Floors to Watch and Alpha written by @Walty

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