Top News
General NFT News
- Bored Apes Go Hollywood With Coinbase-Produced Movie Trilogy
- Announcement on ERC721R:A new ERC721 standard moving the market from rugs to refunds.
- ASM x Muhammad Ali partnership
- MOBLAND x Wormhole Crypto: the GameFi 2.0 Multi-chain metaverse ecosystem
Marketplaces
- Gem
- Genie
NFT Market Overview
Although the total NFT volume (mint sales + secondary sales) is still lower than the peak bull period at the end of January - early Feburary, the overall NFT volume is significantly higher than we’ve seen in early March.
There was a recent uptick in the number of transactions too, which is always a good sign of users buying and selling their NFTs.
Looking further into the wallet activity per week, we can see that the number of users who are both buying and selling is rising too, with no large imbalance in the ratio. This is a healthy sign for NFTs, considering that the market is only sustainable if there is both a buyer and a seller.
This Week’s Highlights
The top blue-chip collections are still topping the charts this week, with BAYC, MAYC, and Azuki as our top three contenders in the past week. To our surprise, Azuki is still hovering at 28 ETH in floor price, with no clear fluctuations in floor price movement. With the newer anime projects surfacing, it will be interesting to see how sustainable the anime meta will play out, and whether this will merely strengthen Azuki’s community. (Pro tip: to view Azuki’s collection on Nansen’s dashboard, check out NFT god mode and insert Azuki to track the collection here.
MOAR by Joan Cornella
MOAR is a collection by a legendary artist, Joan Cornella. Holders of MOAR will benefit from getting access to Cornella’s physical and virtual exhibition, airdrops, and exclusive purchasing rights to Joan Cornella’s physical & digital artworks. This collection has accumulated over 10k ETH in volume in the past 7 days, with a 1.44 ETH in floor price (+63% in the last 3Ds).
Shinsekai Portal
Shinsekai Portal is a NFT manga community. The reveal is set to launch in about a week. The floor price is still increasing, as seen in the price movements in the last 24 hours and 3 days (+20% in 24hours and +60% in the last 3 days). The current floor price is standing at .68 ETH.
Arcade Land
Arcade land is a collection of 10k plots of digital land. Each plot of land makes up the entire Arcade Metaverse world. The Arcade Metaverse is an adventurous world with different regions for NFT holders to explore and play games with their friends.
The project is partnered with several other profile picture (PFP) NFT projects that can be used to hang out and play games within Arcade land. According to the project's website, these include Mfers, Phanta Bear, Starcatchers, and more.
Opensea & LooksRare
- The daily retained users on Opensea seems to be increasing in a consistent number, especially from early-to-mid March. Interestingly, the daily active users on LooksRare had a local top on 3 April, 2022 of 1380 retained users and 671 new users. Ever since then, the daily active users decreased substantially, halving from the local top in 3 April.
- The dip in daily active users on LooksRare is interesting as NFT volumes are topping the charts compared to the previous month, with 1.06M ETH in volume in the last 30 days, according to Nansen’s market trend statistics here.
Interesting Plays to Watch
The future of Omnichain NFTs
With the recent Gh0stly Gh0sts (“GG”) launch, many other projects are also deploying their projects on top of Layer Zero’s infrastructure. Recently, we’ve seen collections like FrankFrank, TinyDinos, and many others come to play.Gh0stly Gh0sts stated that they have no roadmap and utility for the NFTs, however, as the first NFT project deployed on Layer Zero, the project has a first-mover advantage in terms of pioneering the next generation of NFTs on Layer Zero.
The rise of membership NFTs
As of recent, membership NFTs are starting to gain mainstream adoption in the space. PREMINT is a utility platform enabling NFT projects to create allow lists, which cuts down on gas wars and bots to create fairer drops overall. Currently, they are at the stage of approving Collabs for Collector Pass holders to the dashboard. The goal is to underpromise and overdeliver. In a similar fashion, Moonbirds, PROOF’s second collection drop, is also a PFP membership pass to an exclusive “alpha” group per se. Not to mention, ETHLizards also works quite similarly, where proceeds from the Ethlizard sale will be used to fund their community treasury. The treasury is then used to invest in the community and other activities voted on by the community. We’ve been seeing plenty of membership NFT passes that aim to redirect users to a specific group. With more of these subgroups forming, it will be a social experiment as to which “alpha” group sustains over time.
Anime trend
Azuki has kickstarted a new demand and interest for the Anime meta. Other projects like Shinsei Galverse, Anata NFT, KIWAMI Gensis, Aki Story, and many of the recent collections also amplify a similar genre & style. It will be interesting to see how the newer collections play out and whether the projects will generate long-term interest. With Azuki leading the Anime-meta, it will also be worth observing how the other Anime projects will impact Azuki’s collection: whether the Anime meta will simply strengthen and the pie will grow bigger.
Upcoming Projects Highlights
Anata NFT
Anata NFT is a new form of identity for Web3 and beyond. This collection is launching on April 21st, 2022, after several delays. Owning an Anata NFT allows the holder to express their NFT identity beyond the normal static profile picture, by actively wearing it and animating it with their own unique movements, habits, and body language.
- Each wallet can mint up to 3 Anatas
- Over a 24h period, you can bid whatever you’d like to pay for an Anata. Bids can be increased at any time but cannot be canceled.
- The top 1920 bids will win an Anata, but everyone will pay the price of the lowest winning bid
- The auction will end at a random time within the last 3 hours
Tokenomics post-drop:
- ETH from the mint: 10% to Metadrop to conduct the mint. The remainder is split 50/50 between the team and the treasury. The treasury will cover some initial costs like hiring mods.
- Anata NFTs: 40 to the Metadrop treasury, 27 to the team (9 per founder), 2 for the hologram team, 3 to Anata mods, 8 for giveaways, and 1920 for the auction
- Royalties: there will be a 5% royalty on the collection. 1% for the Metadrop treasury, 1% for the
- Anata treasury, and 1% for each founder (total of 3%).
Shinsei Galverse
Shinsei Galverse is launching today April 14, 2022 (WL period is ongoing, the public sale will open thereafter). This project is an 8.8k collection that explores the themes of beauty and fragility of life and tells the story of Gals shooting across space to bring peace to the galaxy. The Shinsei Galverse is more than just a story - it is a groundbreaking media project. As a holder, you get to direct the development of the character design, story, and much more. This project is spearheaded by Emi (mum of a 9-year-old NFT artist Zombie Zoo).
Moonbirds
The parent project PROOF Collective is a membership group of 1k NFTs. The pass sold out on December 11th, 2021 at 1 ETH and the floor currently stands at 91 ETH (+9100%). The PROOF team has successfully connected artists and collectors and created an exclusive membership community of like-minded individuals. This space promoting the dialogue between artists and collectors was an experiment, and it seemed to have worked well considering the traction it has gotten. Moonbirds is the second collection from the PROOF team, which will be a 10k collection of utility-enabled PFPs. Each moonbird is an access pass to a private club membership and there will be a mechanic to value diamond hand holders through their non-custodial mechanic called Nesting; the longer you hold your Moonbird NFTs, the higher in rarity your NFT will become (dynamic rarity system).
Tools for further research
NFT aggregators
- Gem
- Gem recently launched on January 20.
- Gem allows users to explore and collect NFTs across all the marketplaces on a single interface, giving you a birds-eye view of the market - ensuring you never miss out on a good deal.
- Genie
- Batch buy & list NFTs across all major marketplaces in a single transaction. Save time & gas.
Genie was technically the first NFT aggregator in the NFT space.
Due diligence for minting
- Nansen’s guide here
Wallet management + tracking
- NFTBank.ai
- This platform is a leading platform for tracking your NFT inventory
- Zapper
- Zapper is a good tool for tracking an overview of your NFT portfolio
NFT Marketplaces
