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CardanoThor's Weekly Brew - Issue #3

CardanoThor's Weekly Brew - Issue #3

December 13, 2021

Your 15-minute catch-up on the CNFT world as you enjoy a nice brew. Through research and help from my community, I bring you CNFT news, market analysis, the ArtBeat, and more. Happy reading.

The Highlights

Jpg.store has received much praise from the CNFT community this week. They also had a good week in terms of sales, recording a 333% increase, only ₳32k behind 2nd place Tokhun. Meanwhile, both CNFT.io (-2%) and Tokhun.io (-8%) saw a decrease in sales.

Chilled Kongs launched on Wednesday and immediately created significant hype, selling out their 8,888 collection in a few hours. The project was shrouded by some controversy as people accused whales of artificially raising the floor and criticizing the common ape pfp concept. Despite that, floor price shot up to ₳220 within 2 days although it is now sitting at around ₳130.

CNFT.io was heavily criticized for the tweet they posted earlier today. It was generally considered tasteless and unprofessional and CNFT.io took it down soon after it was posted.

Cardano Village seemed to come out of nowhere as they sold out of their 10K 3D collection in a few hours. The 6-person Korean team has received some criticism for their English and marketing but the appeal of the nft itself is hard to criticize. Even Charles himself likes them.

Society.25 sold out their 10K collection on Saturday, rounding off an unusually successful week for 10k projects. The project's unique take on the pfp concept has been well-received by the community.

Derp Birds gave further details on their upcoming roadmap reveal, including their achievement system, Preds & Predlings, and faction wars. These spoilers were given live on my stream. Watch VOD interview here.

Aeoniumsky dropped his B9 on Tuesday, the 9th block in this 24-block series. The drop had some hiccups, however, as it relied on a Discord server bot, offering yet another reminder of the need for improved drop mechanics.

Gingerbread Squad has been busy baking something behind the scenes but gave a surprise sneak peek into their bakery this week. Powered by the community, the project announced their trading card game and "Community NFTs". See their Discord for full details.

Very Important Dummies dropped their 3rd and last season in their 3.5k collection. The drop experience was generally smooth but they have yet to sell out. Latest official announcement reported 397 Dummies remaining.

Survival Arena sold out its first set of characters on Sunday, a total of 300 CNFTs. The art is created by the reputable Kimosabe Art and is a part of a larger community game project where holders can win prizes.

This Week

Equine will be having their Pioneer bundle sale this Saturday at 12:01 UTC, or Friday, 19:00 Eastern Time. Even though it's one of the most highly anticipated drops this month, buyers can purchase on their own time during this unlimited 24-hour sale event. 👉 Discord

Visage is a unique art project that embraces no utility, no roadmap, and all hand-drawn CNFTs. Will their against-the-grain approach work in this market? Their 1k drop is today (Monday) at 22:00 UTC. 👉 Discord

O.R.C.S is dropping their collection on Tuesday, 12:00 UTC for whitelisted members and 14:00 UTC for the public. After postponing their original mint date, they are hoping to provide a smooth and professional mint experience. 👉 Discord

Space Ape Club announced their drop to be on Tuesday the 14th, starting at 14:30 UTC for whitelisted Discord roles. Public mint will be at the same time on Wednesday the 15th. 👉 Discord

Aeoniumsky will be dropping a special collector's edition CNFT this Wednesday the 15th, at 22:00 UTC. The price is only ₳2 to make up for the issues experienced during the B9 drop (covered above). 👉 Discord

Death Squad is a relatively small project that has been receiving some attention recently. His latest drop, "Cute Squad", will happen on Tuesday the 14th, 20:00 UTC. His original series is available on CNFT.io with an entry price of ₳215. 👉 Discord

AdaHeadz' final S1 drop is this Wednesday at 18:00 UTC. 👉 Discord

Market Analysis

The numbers:

Total ADA volume: ₳4.296 million (-3%)
Total CNFT Volume: 21,016 (-1.6%)

Top Gainers (₳5k+ volume only)

CardanoBeans (6,500%)
ADA Army (985%)
Very Important Dummies (940%)
Spoopy Naru (495%)
Cardacity (413%)

Top Losers:

Pixendo (-85%)
CryptoDino Saviors (-78%)
Cypherkicks (-77%)
Nerds & Virgins (-75%)
Old Money (-73%)

Top Newcomers

Chilled Kongs: ₳799K volume, ₳130 floor
Society.25: ₳127K, ₳32 floor
Cardano Village: ₳92K, ₳54 floor

Top 3 sales:

Pavia: ₳39,999
DeadPXL#8126: ₳35,888
Pavia: ₳27,675

Average price:

Low: ₳101 (Monday) -10%
High: ₳190 (Wednesday) -26%

ADA keeps moving in the wrong direction along with the general cryptocurrency markets. Besides the impressive sales on the JPG.store and PXL marketplaces, it was another gloomy week for the CNFT market.

The market has presented a very difficult environment for both new and older projects - very different from what we experienced in the September boom. Many projects have lost traction and seen their NFTs' floor price move all the way to the minimum ₳8. Even the strongest projects who are most likely to become blue-chips are selling at heavily discounted prices.

The ArtBeat

Artano launched their community-curated art marketplace with their multi-day Apeirogon Collection event last Friday. Both artists and art collectors have been waiting for this event with great anticipation and sales have already started strong during the first few days.

Infinite Halo sold their "Ghost" NFT for ₳1,337 at an auction on CNFT.io yesterday. Surprisingly, this was only the project's second-largest sale, perhaps due to market conditions, but that entire amount will be donated to charity in the near future. Congratulation to the buyer, the IH team, and whichever charity will be chosen to benefit from the event.

Frescos is a new project that aims to push the boundaries of CNFT art with its augmented reality series. The team has written a Medium article explaining the concept, which is more complex than what static images of their art might indicate.

Atreyu releases their "Synthesis Season 2" collection this Thursday at 20:00 UTC. Atreyu is a photo manipulation artist (Photoshop) who has been creating for over 16 years. Synthesis is a collection that connects images with each other, either physically or energetically. 👉 Discord

Wookie Art Diarrhea has completed his series of 100 NFTs and has decided to offer each one for sale at a fixed price on CNFT.io, starting this Friday at 15:00 UTC. The artist will drop 10 NFTs every 5 minutes.

Underrated

With current market conditions and the influx of new talented artists to the space, there are many undervalued projects to choose from. As usual, I will highlight 1 undervalued proven project for investors and 1 underrated artist.

Unsigned Algorithms

Available for only ₳520 on the secondary market, "unsigs" have dropped 65% in price from their high of ₳1,500. As one of Cardano's most respected blue-chip NFT projects, this seems like a great entry point for collectors to add Unsigned Algorithms to their collection.

We're All Programmed is a new and relatively unknown CNFT art project by the artist Maxing. The series aims to "show that no matter which path we take in life, many of our actions which shape ourselves, are influenced and/or conditioned by our social class, as well as old traditions, stupid laws, corrupt governments, the media, etc." 👉 Discord