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- NFT Scoop- The Next Big Anime Project? Some Unique Alpha Included! Read Now!
NFT Scoop- The Next Big Anime Project? Some Unique Alpha Included! Read Now!
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Weekly Market Summary
We have seen some positive movement through midweek which should carry on into the weekend. Decreased listings have risen from 20% (of projects) to 46% at the time of writing showing conviction in the market. Floor prices have risen slightly from 25% to 36% (of projects rising) even though this is a slight rise this is still a positive sign that there remains plenty of buying opportunities out there with gains to be made.
Breaking News
Ethereum’s market cap has officially exceeded Bank of America’s. The current market cap of Ethereum is $360.155 Billion whilst Bank of America’s sits at $348.60 Billion.
There are rumours that Crypto.com is set to become a sponsor of the upcoming World Cup in Qatar. Crypto.com already sponsors some major sports companies such as UFC, Formula 1, and Paris St Germain.
Further to our news the other day surrounding Bored Ape Yacht Club creator Yuga Labs, The team has managed to raise $450 million to build their metaverse.
Solana has just been added to OpenSea. Solana NFTs will soon be trading on the platform. This is a bit of a game-changer, although worrying if you have low confidence in Opensea’s severs!
Weekly Winners
In our Newsletter on 28/01, we advised that it was likely that in the long-term the project will do well due to the simplistic anime art which is currently in trend. Well, the art remains on-trend and very clean, so much so that other new projects such as Muri (as reported in our previous newsletter) followed a similar trend. The project is now sitting at an all-time high and investment following our Newsletter on 28/01 would have proved to be a very good play. The recent pump can also be put down to speculation regarding an announcement. There will be more to follow on this when it becomes known.
Floor price (at time of writing): 17.45ETH
7-day volume: 12597 Eth traded
7-day listings: 1
% of supply listed for sale: 11.65%
A floor to watch in our previous newsletter and a winner this week. As reported this project is the entry-level NFT to the BAYC ecosystem. Further, BAYC, MAYC, and Kennel Club price action is closely tied together. With the upcoming land sale and $Ape continuing to thrive it wouldn’t be surprising to see Kennel club go over 10eth. This week has seen a solid rise in the project and with the BAYC ecosystem heading in one direction, this is probably the lowest level entry you will get for some time.
Floor price (at time of writing): 8.7ETH
7-day volume: 4822 eth traded
7-day listings: 80
% of supply listed for sale: 5.9%
Weekly Losers
Sunnies is a project that launched on 28/02 which is, unfortunately, encountering a real downturn with the current floor now sitting below the mint price. There was an unfortunate incident in the Discord this week whereby a team member who has been struggling with mental health issues removed the rest of the team from the Discord.
The team since released the following statement:
The project gathered some positive momentum shortly after mint and then saw a pull-back to the 0.12 region. However, this incident has seen some low conviction amongst holders. The floor is quite low so maybe a possible buying opportunity depending on how much conviction you have in the project to bounce back from this.
Floor price (at time of writing): 0.047ETH
7-day volume: 60eth traded
7-day listings: 148
% of supply listed for sale: 12.65%
Floors to Watch
Bapetaverse is one to watch. For those that don’t know, this is the project created by the infamous Web2 clothing brand, BAPE. With over 3000eth traded before the reveal, the project is now steadily holding the .7eth region. One critique we do have is that for such a popular clothing icon the artwork is oddly disappointing which may hurt the floor price after the reveal. However, for a project like this, you are paying for the brand and not the art. The roadmap is really interesting and we have no doubts that a mega-brand with a pot of money will not let their Web3 identity fail. One thing that will be clear is they are going to crush it when it comes to merch. BAPE will blow everyone else out of the water. Moreover, there are talks of airdrops which is potential further value if you invest. We can’t predict how seriously BAPE will take this project, but we can say it will likely be a long-term vision regardless of what the floor price drops to after reveal. Finally, BAPE has serious connections that they will very possibly use to their advantage when building out their Web3 brand. Thus, after reveal, when the price dips, keep your eyes peeled.
Feel the Madness
#Bapein#BAPETAVERSE
#BAPE#NFT#WGB#WGM— (B)APETAVERSE (@bapetaverse)
12:58 PM • Mar 23, 2022
Floor: 0.7eth
MNLTH (RTFKT x Nike) has been around since the start of February and still hasn’t been revealed. However, this comes to an end soon. Over almost 2 months, RTFKT has been slowly completing quests to reveal the MNLTH bit by bit. By reading in between the lines the last quest will take place at the end of this month and almost immediately the MNLTH should reveal. Firstly, flipping right before the quest could put this on our floors to watch section alone. However, this is Nike’s first NFT drop, we really can’t see it disappointing. This MNLTH could have some serious value. However, with all that being said, this is a high-risk - high-reward play. If the MNLTH reveals and it is just a phygital pair of shoes this could lead to some serious fud, followed by a serious dip. Only get involved in this if the upside outweighs the downside in your risk tolerance.
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Floor: 6.16eth
MURI by Haus is a project we told you to keep your eyes on in our last newsletter for a significant dip in price. This dip has occurred and may continue to occur but the floor is starting to become quite undervalued at these levels. For new readers, in our last newsletter, we stated some pros of investing in Muri. These are as follows: 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. Thus, if the team can execute this then the project is going to be seriously undervalued at these levels. Some big money has gone into this project so it’s hard to see the project outright fail. A further dip may happen as there is still a ton of supply on the market and thick sell walls at the 1eth region. We will include some chart analysis below so that you can see price action for yourself. With Azuki flying in price this week, it’s not hard to see that the anime pfp trend is still alive and well. MURI might just be the next best chance to get involved in a project like this. Or it may not, I guess we wait and see.
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Floor: 0.68eth
Alpha
This is a really interesting project for several reasons. Firstly, the project has picked up an absolute ton of organic traction despite having just 16 tweets, no discord, and no website. Lonely now stands at 35k followers. This is extremely exciting for the project as when more information comes out the hype is going to go parabolic. The first thing we can decipher from the project is the main message aims to combat loneliness. Secondly, the art is by a small Thailand artist called Bush Robins with the help of 0xStudio who help to build projects with the backing of a great team. Thirdly, the artwork itself is very Asian in style which we all know is a big trend at the moment and something that the community loves. We are going to do a follow-up post on this project once more details become available but you should follow their Twitter for yourself to get in the discord quickly and try to work towards getting that whitelist.
Official Links:
This is some serious alpha and also a genre that we have never really touched on before. Frontier will launch a marketplace for NFTs with a difference. This will be curation by the people and thus 0 scams. We would like to include an announcement that the team made in the discord below:
“We decided to utilise governance in form of votes on curation. Users can curate on our platform and participate in making the platform safer for everyone. Having people participate in curation, making it safer for everyone, and then rewarding participating users for that contribution is - from our point of view - a very good step into web 3.0. Even people that aren't whales can earn money from the platform trading fees just by helping to keep others safe. And those with big money don't earn more than those without any money. We will bring big brands in. Launching right here on Fr0ntierX. However, we want to prove to the brands that listening to the community will be better for them and create a much stronger audience - both in loyalty and sales. If for example Converse comes and suggests a collection for launch and no one likes it during the voting, Converse learns and comes back with something better suited for the community, people then love it and vote Yes. So we list, it sold out and everyone loves Converse for listening to us and building something cool. So we all get what we want. The brands get a community of strong supporters. The voters receive compensation from the platform fees. The users trade something popular on a safe platform without the 173rd scam Ape Derivative.”
They go on to mention things they have up their sleeve after launch:
- A token (fair).
- A grant system to support developers who work on safe and easy onboarding for normal people into NFTs.
- A SaaS that also allows small and medium-sized companies to launch something cool.
- A community-driven grant system that supports artists.
- API integrations to connect us directly into the biggest Metaverse environments.
- A custody solution.
- FIAT onboarding (directly USD, EUR, GBP into an NFT).
- Our own, user-friendly wallet.
A recent update stated:
“The tech works well! The design looks sick. We are now in the stage where we finalise by combining the two.
We have already agreements with a top 5 consumer electronics brand, a very cool fashion designer, one of the biggest logistics firms in the world, a VERY, VERY cool web3 brand. We are talking to a car company, several fashion brands, some sports icons, football clubs and like lots of others and sometimes I even forget some very exciting names on the list.”
Moreover, the project recently did an AMA with Monster Energy which shows they have some serious connections.
Now we get onto the reasons why this is alpha. There is an upcoming Pioneer NFT mint. There are only 5555 of these available and you as a holder becomes a vital part of the ecosystem which will also reward your input.
As an owner you can:
- Curate their launchpad and marketplace.
- Vote on important things on the platform.
- Participate in special brand launches and get rewarded.
- Get paid 50% of their platform fees if you participate in their curation.
- Receive whitelists, first access, early release info, and more.
Official Links:
If you want to learn more you are in luck! We just filmed a podcast with the owner of Frontier X and will be releasing it this week. Follow us on Twitter here and put our post notifications on. You don’t want to miss out on this!
Thanks for reading! See you on Tuesday.