Weekly CNFT Brew

August 09, 2022

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

CNFT Espresso

Your 1-minute TL;DR of the Brew:

  • Jpg.store released a Discord bot for free, giving NFT project creators access to a range of tools.

  • Mutants release a sneak peek of their new staking-as-a-service platform.

  • Clay Nation's $CLAY baking is live. The team also teased a music collab with Snoop Dogg and Champ Medici.

  • Charles Hoskinson invited the Clay Nation team and Champ Medici to his ranch.

  • NFT Link are going pro, adding several features to projects that want to link their NFTs to physical products.

  • Cardano Warriors, an OG project in the space, is launching a testnet for their upcoming P2E RPG game.

  • H.Y.P.E sold out their H.R. Giger-inspired Capsule One collection.

  • Wolves of Rome published a video making it easy to understand their whitepaper and NFT utility.

  • Several exciting project collaborations are on the horizon involving Derp Birds, Knitties, Borg Club, Melting Moonboy, and others.

  • Mandrillz teases an upcoming litepaper

  • Derp Birds staking is officially live. Holders can now earn XP/$DERP every epoch.

  • The Mallard Order broke ₳1.3M on the 7-day volume charts.

Last week’s drop highlights:

Upcoming mint highlights:

The Highlights

Jpg.store released a Discord bot for free, giving NFT project creators access to a range of tools. Features include holder role assignments, collection notifications, personal activity notifications, and JPG.store support.

Mutants released a sneak peek of their new staking-as-a-service platform last week (see below tweet). The platform, called Labs, will allow holders of participating projects to earn rewards by staking their NFTs.

Clay Nation's $CLAY baking is now live. Holders of OG Clay Nation and Good Charlotte NFTs can now claim accumulated $CLAY tokens. However, it's worth reading the "how-to" carefully as those who do not claim will also be rewarded, for example.

The team also teased an exciting music collaboration with Snoop Dogg and Champ Medici.

Charles Hoskinson invited the Clay Nation team and Champ Medici to his ranch. Charles has been known for inviting influential people to his ranch and did exactly that when he first talked to the Clay Nation team, Snoop Dogg, and Champ at the famous Twitter space earlier this year. Clay Nation and Champ took him up on the offer and seemed to really enjoy their time at the ranch.

NFT Link are going pro, adding several features to projects that want to link their NFTs to physical products. NFT Link have been pioneers in NFT-L space and became widely known after their Clay Nation x Sweet Fellas collaboration.

Cardano Warriors, an OG project in the space, is launching their testnet for their upcoming P2E RPG game. The project first launched in May, 2021 and their NFTs currently have a floor price of ₳230.

H.Y.P.E sold out their H.R. Giger-inspired Capsule One collection. Only 150 NFTs were available for ₳200 each, or ₳100 for HYPE skull holders. The collection received much praise for its high quality NFTs, produced by the award winning multi-disciplinary artist Ascender.

This is the first drop with a new team behind the scenes and it's safe to say that the new team is off to a good start.

Wolves of Rome published a video making it even easy to understand their whitepaper and NFT utility. Has the team discovered what it really takes to make people read project whitepapers?

Several exciting project collaborations are on the horizon. Derp Birds is collaborating with Eggscape Club and Knitties announced a collaboration with MIPA Toys. Finally, Borg Club announced their Symbiotics collection, which will include collaborations with various projects in the space, the first of which is Melting Moonboy.

Mandrillz holders received exciting news this Wednesday as the team teased an upcoming litepaper. Mandrillz recently minted their Splinters NFTs, which give a WL spot to their upcoming companion drop. As the project adds utility and grows in complexity, a litepaper becomes increasingly useful.

Derp Birds staking is officially live. Holders can now earn XP/$DERP every epoch. XP can be earned by other means, such as community participation, and all XP can be converted to $DERP. No action is needed from holders as NFTs will simply accumulate XP with time.

The Mallard Order broke ₳1.3M on the 7-day volume charts and has now recorded over ₳3M in secondary market sales since they launched . This is the strongest secondary market performance by a new project since Cornucopias dropped their land sale in early June.

This Week

This section includes all the drops that I’m excited about this week and feel comfortable recommending. In other words, this is a curated list. To see a more complete list, check out wencnft.com.

Knitties was the 3rd large collection to ever drop on Cardano and they are still creating. This time, they are collaborating with MIPA Toys and dropping their Sparrow collection.

When: August 10th, 7PM (WL), 7:05PM (Public)

How much: 50 ADA

How many: 250

SneakerHead is a pfp project with its main focus on sneakerhead and hype fashion culture. According to the fully doxxed team and whitepaper, their ambition is to create one of the strongest communities on Cardano.

When: August 11th, 4PM (OG), 4.45PM(WL), 5.30PM (Public)

How much: 55 ADA

How many: 5,555

LeatherHeads is an upcoming CNFT project inspired by Sneakerheads on Ethereum. They put their own unique spin on the concept and have created high quality 3D designs. Their roadmap has great ambitions for their future $HEAD token and its utility.

When: August 11th, 2PM (OG,WL) 6PM(Public)

How much: 99 ADA

How many: 5555

Ash & Tray is a monthly comic strip made by the talented comic artist Pixelado. He is also known for his community art collaborations, such as his RatsDAO comic collab. Season 1 of Ash & Tray is coming to an end and this Thursday, the penultimate episode 9 is minting.

Rumor has it that a pfp collection is currently in the works. See Discord for more information.

Clueless Golf Club is a project that allows holders to influence the direction of its roadmap and lore. Overall, despite the obvious golf theme, the project's primary focus is on delivering utility to its holders in terms of airdrops and royalties.

When: August 12th, 4PM(WL), 7PM(Public)

How much: 20 ADA(WL), 25 ADA(Public)

How many: 3,000

Bernard Boys is the first project to surpass 1,000 votes on CNFT.tools prior to minting. It is inspired by the best of Mafia cinema and culture.

When: August 12th, 4PM(Omerta Pass), 6PM(OG,WL), 10PM(Public)

How much: 60 ADA(Omerta), 75 ADA(OG,WL), 80 ADA(Public)

How many:7,777

Greasy Monkeys is dropping their S2 collection this Saturday. Just like S1, this collection contains 1,000 NFTs and will cost 65 during public mint.

When: August 13th 3:15PM UTC (WL), 4:30PM (public)

How much: 60 ADA (WL), 65 (public)

How many: 1,000

Battle Borgz is a multiplayer PvP and PvE isometric battle arena blockchain game. Holders are able to earn $BORGZ tokens by playing and either sell it or spend it within the game's ecosystem. The game is being developed with the Unity game engine. Alpha testing will be available in Q4 of this year, according to the roadmap.

When: August 13th, 6PM

How much: 80 ADA

How many: 2,000

CNFT Radar

Here is where I list all projects that are not minting this week but are already on my radar. New additions in bold.

Market Analysis

The Cardano NFT market cooled down slightly (-1%) after the previous week's 12% jump. The past few days have seen us return to the usual ~₳750k 24-hour volume after several days above ₳1.2M last week. However, with many big projects coming up, including Bernard Boys, Raccoon Syndicate, and LeatherHeads, the market will likely stay fairly strong this week.

In the big picture, the Cardano NFT market seems to have bottomed out for the time being in this bear market. Even though there is always risk of further downside, a potential rally in the next few weeks would not be surprising.

On the 24-hour timeframe, we have approx. 1,500 Cardano NFT buyers compared to 9,500 on Solana and 13,500 on Ethereum. This might show just how far Cardano is behind the other two chains but it also highlights the room for growth.

The numbers (last 7 days)

  • Total ADA volume: ₳6 million (-1%)

  • Total CNFT Volume: 29,000 (-0.5%)

Top 5 Marketplaces

  1. JPG.store: 5.7M, 96% market share 🏆

  2. Epoch.art: 86K, 1.4% market share🥈

  3. SpaceBudz: 77k, 1.3% market share🥉

  4. PXL.org: 59K, 1% market share

  5. CNFT.io: 24k, 0.4% market share

Top Volume Gainers (%)*

  • Murder of Crows 🥇

  • Bernard Boys Pass 🥈

  • ADAPunksDev 🥉

  • HYPE Skulls

  • SnowDroids

Top Volume Losers(%)*:

  • SnowPunkz

  • Yummi Universe Summer Narus

  • Genius Yield ISPO NFTs

  • Jellycubes

  • The Mallard Order

Top Newcomers

  • The Mallard Order: ₳3.1M volume, ₳589 floor

  • The JRney: ₳751k, ₳97 floor

  • Cardano Fight Club: ₳329k, ₳75 floor

*Only projects that record at least ₳1k over the past 7 days are included

Underrated

These are this week’s most underrated investment opportunities and artists. This is a highly subjective section so please DYOR

Some of my previous blue chip picks are still relevant and would be my choice today if I hadn't picked them already, including Clay Nation, Yummi, and others. Check out my undervalued picks from previous issues.

Investment Opportunity: Disco Solaris

Disco Solaris is a project most Cardano NFT fans are familiar with. It has established itself as one of the premium-tier NFT projects on the blockchain and the team has proven itself as talented and reliable.

The floor price has slowly declined from ₳625 to ₳400 in the past couple of weeks for no particular reason other than the bear market conditions. They remain an exciting proposition and are making steady progress with their roadmap. With their upcoming $DISCO, music, and merch drops, the project continues to thrive and might experience another hype pump in the next few weeks.

This week's underrated artist pick goes to a rare breed on Cardano: a photographer. Deborah Berry Photography is one of the few fine art photographers in the Cardano NFT space. She specializes in high-speed macro liquid art photography, which is even more of a niche art category.

Her collection "Art of Liquid" just sold out today - congratulations!

Thor's Thoughts

To follow up on last week's thoughts on the use of the word "rugpull", I suggest a different word for when creators leave a project for non-malicious reasons: "Plugpull".

The word plugpull can be used without all the emotions and negative connotations associated with rugpulls. Did the project only mint 3% of the collection and is not financially able to continue development? It's a plugpull. It's no longer in the same category as the project that scammed all of its investors and ran away with the funds.

If you need further context to this discussion, see last week's issue. Credit goes to Matthew who first made the suggestion.

Viking Squad Updates

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Over 1,200 Vikings talk about different projects, share ideas, and have fun. Special thanks to the Viking researcher LordOGames for his contribution to the CNFT Brew.

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