NFT Brew #40

Cardano, NFTs, and Web3

Author

Thor Sverrisson
March 24, 2023

Your weekly overview of the NFT space as you enjoy a nice brew, sponsored by QUEEN ADA. To access the Premium Brew, become a CT793 member. Due to its length, the full version of the newsletter can only be read online.

News

JPG Store Faces Criticism For Minting Derivative Project

Cardano's largest marketplace, JPG Store, was at the center of the community's outrage concerning the latest NFT derivative project, Bored Ape Cardano Club. JPG Store has responded by emphasizing that anyone can use their minting platform and does not endorse any project that uses it. 

$JPG Is Coming

JPG Store will reveal more information about "Season 1" of their $JPG claim today at 7 PM UTC.

Flipr Launches Its NFT Marketplace

Flipr has become Cardano's newest NFT marketplace. It opened its Alpha version in conjunction with the Goofy Gophers mint, which it provided minting services for.

Goofy Gophers Mint Exploited

A vulnerability in Flipr's minting service was exploited by the Tokenizer Bot team, prompting Flipr to pause the mint and edit the NFTs minted through the exploitation.

Cardano Women Introduces Femme Fest 2023

In its mission to promote an inclusive culture in web3, Cardano Women is organizing Femme Fest in partnership with Future Fest. 

Cardano Projects Eyeing Other Chains

Several Cardano NFT projects have recently revealed plans to expand or even migrate altogether to different blockchains.

Cardano Surpasses 4 million Wallets

Not only did Cardano surpass 4 million wallets but also 1.3 million delegators.

Snoop Dogg Metaverse Experience With Sandbox & Clay Mates

Snoop Dogg and his son, Champ Medici, will perform in the Sandbox metaverse today, Friday the 24th. Clay Mates are also involved. (They recently secured a partnership with Sandbox.)

Stag Alliance Takes Over Cardano

Excitement peaked this week as the Stag Alliance, one of the most highly anticipated NFT projects on Cardano in recent times, began its mint. However, some expressed concerns over the collection's artwork (see tweet below).

Cardano Adds Dynamic P2P Networking & Hydra Coming

IOHK recently announced that they have rolled out P2P networking upgrades to Cardano. This upgrade ensures minimum node communication delays and maximum resilience.  

IOHK developers also opened the Hydra Head on the mainnet this week and encouraged the community to prepare.

World Mobile Launches Aerostat

It was a big week for World Mobile as they launched an aerostat in the US and revealed sneak peeks of their upcoming WM Global app.

Charles Talks NFTs

Last Wednesday, Charles Hoskinson hosted a great Twitter space focused on NFTs and crypto. Charles seems to be increasingly interested in and engaged with the Cardano NFT community. At the time of writing, over 12,000 people have listened to the space.

NMKR Releases $NMKR Dashboard

NMKR, Cardano's largest minting platform, released a dashboard feature for $NMKR token holders. They also introduced a locking feature where holders can earn interest and receive the NMKR Access NFT. The Access NFTs will give access to future NMKR tools and require a minimum of 50k $NMKR to be staked.

Cardano Summit 2023 Dates Announced

The Cardano Foundation announced the official dates for 2023: November 2-4

Good Droids Go Bad

Having caused some controversy for their "alpha mirroring" concept, the Good Droids project seems to be struggling. After an altercation between co-founders in their public Discord chat, there is great uncertainty about the project's future. 

The Ape Society Wins Twitter

Other Cardano NFT Project Updates

Many prominent Cardano NFT projects announced exciting updates last week.

SpaceBudz, led by Alessandro, opened up the wormhole this week, allowing SpaceBudz holders to upgrade their NFTs to version 2.

Mallard Order closed applications for their upcoming Renaissance event and confirmed that their BTC Ordinals collection had been verified by Magic Eden.

Jesus 2 announced that they will be sharing information about the upcoming Phase 3 mint soon. This will be the final drop in the project, and whitelist benefits will be focused primarily on current holders.

BCRC announced that they will be following in the footsteps of other projects by minting a collection on Bitcoin.

Degen Crypto Club is building a dice betting platform. Holders of their upcoming Degen Dice NFTs will get a share of the platform fees. More information is in the upcoming mints section.

Danketsu announced that The Fourth Evolution artwork upgrade is coming soon. In a CT793 alpha call, they also discussed an upcoming multi-chain announcement, partner project Missions, and clan-specific Mission buff items.

JPG Junkies announced that they plan to turn the JPG Junkies into a DAO.

Unbothered Wolves released their whitepaper this week.

Disco Solaris will share a preview of their upcoming collection's artwork this Friday.

Chilled Kongs posted a couple of Twitter threads with more details about their upcoming Magic Kongs mint.

Frog Collective released their whitepaper this week with further details on their plans, including Frogfolio, a portfolio and analytics tool they are developing.

SpeedThrone is releasing a demo version of their game on April 7th.

Speedyz is an upcoming project with a unique approach value proposition for holders and influencers in the space. They just opened their Discord server for those who want to learn more about the project.

Her Monsters Gang sold out their MMM collection of 4,444 NFTs this week. See my interview with the team just before the mint here.

Mutants posted another sneak peek of their upcoming Mutants collection, along with information about the supply (8k), price, and date (March 30th).

Raccoon Syndicate is gearing up for its H2E game launch today and has partnered with several projects, including Goombles.

Angel Baby Hit Squad released their whitepaper and introduced their $BLESS token.

Ad Astrium released details on their upcoming mint, which will now be done in 2 phases.

Metadams are launching their game next week. Users can already log into their website and connect their wallets.

BlockOwls continues to tease their upcoming Jabi-Z collection. No date has been set for the mint, but holders can register for their whitelist here.

Beyond Cardano

Playstation Files NFT Patent

PlayStation recently filed an NFT-related patent. Although not in the spirit of decentralization, it's considered a natural and necessary step toward adoption.

Coinbase vs. SEC

The SEC seems to be cracking down on Coinbase, specifically regarding staking and asset listing. 

UBS Buys Credit Suisse: Crisis Over?

UBS is taking over its long-time rival, Credit Suisse, in a deal that is heavily backed by the Swiss government. The deal has temporarily increased confidence in the banking system.

DeGods Arrive to Bitcoin

DeGods minted 500 NFTs on Bitcoin last week, asking 0.333 BTC per NFT. Those who were lucky enough to mint one are feeling good today, as the floor price has reached 1BTC.

YouTubers Promoting FTX Begin Sued

Many influential YouTubers, including our beloved BitBoy, are being sued for promoting FTX. 

Game Development Studios Move Towards Web3

Unity is the latest of the major game developers to add a Web3 category to their platform. 

Magic Eden Announces BTC Ordinals and Web3 Games

The popular Polygon marketplace recently added BTC Ordinals to its platform and introduced Magic Eden Games. MEG will highlight and support Web3 games.

Wash Trading Reaches New Highs

With the introduction of trader rewards from marketplaces such as LooksRare and newcomer Blur, wash trading has reached all-time-high levels. Wash trading is the dubious practice of purchasing your own NFTs for the purpose of creating a false sense of demand or collecting marketplace rewards.

Bitcoin Maxi Makes $1M BTC Bet

The popular Bitcoin maxi and influencer Balaji made headlines for making a $1M bet that BTC will reach $1M within 90 days. 

Twitter To Release Open Source Code

VeeCon Comes to Indianapolis

Minting

These projects are personally curated by CardanoThor or other trusted NFT Vikings. However, this is not investment advice, and we always encourage you to do your own research. For CardanoThor's personal opinions and insights into how much he will mint, read the Premium Brew. *All times are shown in Eastern Time.

Currently Minting

Stag Alliance (just sold out)

Days Live: 1Minted: 100%

Handle Tools

Days Live: 2Minted: 12%Mint

Goofy Gophers Mining Club (Paused)

Days Live: 5Minted: 58%Mint

We Are Boomers

Days Live: 26Minted: 37%Mint

Pages by MCJ

Days Live: 9Minted: 52%Mint

Upcoming Mints

Platypus Cyberpunks

This is the first real estate investment project on Cardano. Holding their NFT will give membership to a real estate investment platform called Whimsy. Read their full whitepaper here.

 We aim to revolutionize how people invest & manage in real estate on the blockchain.

πŸ“† Date: March 24th (Paddle Gang)πŸ’Έ Price: β‚³270πŸ“¦ Supply: 5,555🐦 Twitter

Mutants

The 4th collection from one of the largest NFT projects on Cardano, known for its staking and raffle platform. Unlike regular drops, it involves burning 2 NFTs from previous collections + their utility token.

πŸ“† Date: March 30thπŸ’Έ Price: 2 NFTs + 500 $MUTANTπŸ“¦ Supply: 8,000🐦 Twitter

Degen Dice

Degen Crypto Club has been around for a long time, albeit somewhat quiet recently. They surprised many by announcing that they are building a betting platform. Holders of this upcoming Degen Dice collection will get a share of this platform's fees.

πŸ“† Date: March 30th, 7 PM UTCπŸ’Έ Price: $79πŸ“¦ Supply: 500🐦 Twitter

Fort Gotten

Fort Gotten burst onto the Cardano NFT scene in 2021 when they minted their First Fort Gotten Kidz and have been working on the project since.

πŸ“† Date: March 30th (wl) / March 31st (public)πŸ’Έ Price: β‚³100 (wl) / β‚³150 (public)πŸ“¦ Supply: 2,000 (Round 1)🐦 Twitter

Chilled Kongs

Chilled Kongs is the 6th largest Cardano NFT project by all-time volume. They announced the Magic Kongs mint in 2022, which is finally happening at the end of the month. It will begin with a public mint of 4,888 Magic Kongs, but holders of the original collection can mutate their NFTs for free using airdropped Magic Shrooms.

πŸ“† Date: March 31stπŸ’Έ Price: TBAπŸ“¦ Supply: 4,888 (+OG holder mutations)🐦 Twitter

Old Money

Who knows what Old Money is up to? One of the most intriguing and perplexing NFT projects on Cardano is minting their second main collection: MX Bills. This will be round 1, although we don't know how many rounds there are in total.

πŸ“† Date: April 1stπŸ’Έ Price: TBDπŸ“¦ Supply: 2,000 (Round 1)🐦 Twitter

Market Update

Cardano

Cardano NFTs have benefited from several large mints this month, including the Stag Alliance, COTAS, and Goofy Gophers. So it's no surprise to see a 24% increase in volume this week. Five new projects accounted for 50% of the volume.

Volume: β‚³5.5M (+23%) NFTs Sold: 23,456 (+11%)

Top 15 Collections

Top 15 Collections

Top 10 Projects

SpaceBudz was the biggest winner in terms of volume and floor price while COTAS experienced the biggest losses.

1️⃣ Bored Ape Cardano Club- Volume: β‚³680K - FP: β‚³1592️⃣ Stag Alliance - Volume: β‚³617K - FP: β‚³1603️⃣ Her Monsters MMM- Volume: β‚³527K - FP: β‚³3754️⃣ COTAS - Volume: β‚³527K (-63%) - FP: β‚³238 (-18%) 5️⃣ Goofy Gophers Mining Club - Volume: β‚³409K - FP β‚³3006️⃣ SpaceBudz - Volume: β‚³283K (+310%) - FP: β‚³3,700 (+11%)7️⃣ The Ape Society- Volume: β‚³204K (-58%) - FP: β‚³7,300 (-6%)8️⃣ Clay Nation - Volume: β‚³130K (-28%) - FP: β‚³2,870 (+1%)9️⃣ Chilled Kongs - Volume: β‚³90K (-55%) - FP: β‚³1,029 (-3%)πŸ”Ÿ Earth Node- Volume: β‚³82K - FP: β‚³94,000 (-1%)

Top Sales

No project appears more than once in this week's top sales chart. Many people put question marks by the Bored Ape Cardano Club sales, alleging wash trading.

1️⃣ EarthNode766: β‚³82K2️⃣ Cornucopias Bubblejet OG: β‚³30K3️⃣ SpaceBud2563: β‚³30K4️⃣ The Ape Society: β‚³16.2K5️⃣ PXL1804: β‚³15K6️⃣ CardanoBoredApe1111: β‚³15K

Other Markets

The overall sentiment is slightly positive in the NFT space, although ETH volume is down slightly. Solana makes up for it, however, with an impressive week, mainly thanks to a 100% increase in DeGods sales and an 80% increase in y00ts sales. 

The numbers (7D)*

NFT 500 Index: +0.5%

  • Ethereum: $119M (-4%)

  • Solana: $26M (+40%)

  • Polygon: $6M (-39%)

  • ImmutableX: $6M (-20%)

  • Cardano $3.2M (+43%)

  • Flow: $1,8M (-5%)

  • BNB: $1.5M (-26%)

Cardano remains 5th in the rankings despite the 43% increase.

*May not reflect true volume due to wash trading

Weekly Dose of Charles

Tweet of the Week

Pic of the Week

Meme of the Week

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