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Weekly CNFT Brew ☕
Your 15-minute catch-up on the CNFT world as you enjoy a nice brew, sponsored by QUEEN ADA stake pool. Through research and help from my community, I bring you CNFT news, market analysis, the ArtBeat, and more. Happy reading.
The Highlights
Happy Birthday Spacebudz. The first 10k CNFT project turned 1 years old this week and the community celebrated appropriately.
JPG.store implemented some important updates to their platform. They improved how NFTs are displayed, added trait filtering, and improved speed, to name a few.
Puurrty Cats Society launched this week but experienced a major Discord bot hack, causing many community members to be scammed. The team has announced that all lost ada will be refunded through the minting process.
This has led to a greater discussion of Discord bot security and identifying this particular user as a potential scammer.
Many exciting drops happened this week:
Retroheads (sold out)
BizarreBudz (sold out)
Panda Society (sold out)
ClayBudz (sold out)
Symmetria (sold out)
Derp Birds launched their new website, derpbirds.io. The PRED invasion has the Derp Birds community excited.
CNFT Live is being held for the first time this Tuesday, 11:30 PM UTC. The event will be hosted by a great group of CNFT creators (including yours truly) and streamed live on YouTube and Twitch. It will also be one of the largest CNFT giveaway events with many impressive prizes from great projects, including Ghost Chain, H.Y.P.E. Skulls, Cypherkicks, and many more.
ADA Army introduced their minting service, Peppermint. The service will benefit ADA Army holders by sharing its profits.
Dope Dogs is a project that has been getting some traction recently but not without FUD and a few raised eyebrows. Most notably, the team accidentally posted the Discord link to a different project and some of their traits seem to be very similar to some BAYC traits.
Over Exposed revealed their logo this week. The excitement didn't stop there,as the project experienced an all-time-high sale of 3.5k sale soon after.
Minswap is a popular Cardano DEX but experienced issues this week and had to go into maintenance mode for a whopping 50 hours.
ADA is above $1, congrats everyone.
This Week
This section includes all the drops that I'm excited about this week and feel comfortable recommending. To see a more complete non-curated list, check out wencnft.com
Aneta Angels by anetaBTC is an NFT collection that will have utility for NETA1 and NETA2 delegators. anetaBTC is a decentralized wrapped BTC on Cardano and Ergo. More details here.
When: Today, 10PM UTC
How much: 44 ADA
How many: 8,888 (+2,223 on Ergo)
Prosperia has been on my CNFT Radar for a while and is dropping their first collection, MultiPass, tomorrow. This pass will give you whitelist access to all of their future mints.
When: March 25th, 6PM UTC
How much: 35 ADA
How many: 1,050
Cardano Sounds is the smallest project on this list but one that I have kept a close eye on for a while. They are attempting to build a decentralized audio library on Cardano, an ambitious goal that I'm hoping they will achieve.
When: March 27th, 7PM UTC
How much: 25 ADA
How many: 72H mint period
Greyhound Society had their first drop earlier this month but are now getting ready for their second mint. This 10k project is getting well-deserved attention as they plan to build an app and reward holders.
When: March 28th, 6PM UTC
How much: 40 ADA
How many: 10,000 (total) - 1,506 already minted
ADA Army continues to impress the CNFT community (see Peppermint story above) and is now dropping their Black Ops troops on the blockchain. On a personal note, I am excited to host a special stream with the team this Saturday night at 9:30 PM EDT (1:30 AM UTC). More details soon.
When: March 28th, 6PM UTC
How much: 55 ADA (48 for holders)
How many: 2,500
Dead Rabbit Resurrection Society is a project that is under many people's radar. It's a project that piqued my interest a long time ago simply because of the quality artwork.
When: March 28th, 7PM UTC
How much: 56 ADA
How many: 6,666
Augusta by Serenity Pictures is a part of the Toxica film project. The film is already completed and will drop in April. Check out the trailer here. It will be the first feature film to drop on Cardano, earning its place in history. Augusta is the film's main female character.
When: March 28th, 7PM UTC
How much: Unknown
How many: 2,500
Old Money is at it again and now Mfer. Richard M. Trixson is dropping more campaign materials - the Headshot Headband. In the spirit of Old Money, you can figure this one out for yourself Mfer.
You can watch my chat with Mfer. Hoodro Wilson on Twitch from earlier this week here.
Pendulum announced their official drop date this week and it's now set for the 30th at 10PM UTC. The drop will include 5k NFTs from the "order" faction, but a date for the other 5k "chaos" faction drop has not been set.
When: March 30th, 10PM UTC
How much: 100 ADA
How many: 5,000
Baby Alien Club is releasing the second issue of their "Chocolate Wars" comic series. Holders of the first issue will receive a 10% discount on the already affordable 22 ADA price tag.
When: March 30th, 10PM UTC
How much: 22 ADA
How many: 999
Her World is a female-focused project with fantastic artwork and an interesting community approach. It's a project that has been on my radar for a long time and I'm confident in minting and recommending.
When: March 31st, 7PM UTC (April 1st for public)
How much: 45 ADA
How many: 5,050
FacesCNFT is a project I wrote about in last week's issue. It's another art-focused project that seems to be a part of a greater trend in the CNFT community.
When: March 31st
How much: 90 ADA
How many: 5,555
Split World is a project that is getting a lot of traction and for a good reason. Their focus on customization along with the quality 3D artwork has many people excited. See my chat with the team on Twitch here.
When: March 31st, 5PM UTC
How much: 88 ADA
How many: 7,777
Turf is a small project that feels underrated considering the team and quality of the NFTs. Their first mint is reserved for lucky raffle winners (on Twitter) but I will be keeping a close eye on this project leading up to the public mint.
When: March 31st, 8PM UTC
How much: 30 ADA
How many: 100
AdaDigies is an experienced CNFT project that is launching its fourth season next week. It has received some well-deserved praise for the high-quality previews of this latest collection, which will include 400 animated NFTs with music.
When: March 31st, 9PM UTC
How much: 35 ADA
How many: 4,000
Monstars Club is developed by Noem9 Studio. The project takes inspiration from Japanese folklore and their yokai (monster) stories.
When: March 31st
How much: 40 (whitelist), 45 (public)
How many: 1,110
ADA Ninjaz recently rebranded as an entertainment and multimedia company and is now getting into music. You can read their full music nft litepaper here.
When: April 1st, 3PM UTC
How much: 100 ADA (50 for Ninjaz holders)
How many: 500
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
It's refreshing to see some positivity in the markets this week as the price of ADA rises above $1 again. The CNFT market reversed its downtrend and has stayed above the ₳1M line for most of the week.
2022 could still be a big year for CNFTs but it will undoubtedly include multiple periods of bullish optimism as well as bearish pessimism. Long may this positivity continue, although I will personally be preparing for a short-term pullback before continuing upward. This could present an opportunity for CNFT investors to take some profits and de-risk their portfolios; something that has been very difficult lately.
The numbers (last 7 days)
Total ADA volume: ₳7.3 million (-1.8%)
Total CNFT Volume: 33,662 (-3.5%)
Top 5 Marketplaces
JPG.store: 6.4M, 76.7% market share 🏆
SpaceBudz: 1.1M, 12.8% market share 🥈
CNFT.io: 465K, 5.6% market share 🥉
PXL.org: 212K, 2.5% market share
Epoch.art: 141K, 1.7% market share 👋
Top Volume Gainers*
Secret Bulls Society 🥇
Cardano Villa 🥈
Future Fest 🥉
Meta Luxury Villa
The Hoskinsons
Top Volume Losers*:
BlockOwls
Jukeboys
Rorschach Algorithm Beasts
Kairos Core
Teddy Troops
Top Newcomers
Cornucopias Javelin: ₳272k volume, ₳52 floor
BizarreBudz: ₳257k, ₳87 floor
RetroHeads: ₳229k, ₳33 floor
Top 3 sales:
*Only projects that record at least ₳2k over the past 7 days are included
The ArtBeat
It's been a good month for generative art on Cardano. Only two gen art projects are currently in the top 100 CNFTs (by volume) of all time
Unsigned Algorithms (12th)
EntheosAI (87th)
With most other good generative art projects, including Pandorea, Aw0k3n Algorithms, The Refresh, and others having an ₳8 floor price, or close to it, it's encouraging to see higher prices in these latest projects.
I covered Rorschach Algorithm Beasts in last week's issue so I will focus on another new project, Symmetria. This week, they sold out of their Lissajous collection and is currently seeing impressive volume on the secondary market.
We have yet to establish our niche on Cardano, but I can only hope that this trend continues and this space can start attracting generative art pioneers who choose Cardano because they see that their artwork gets appreciated in this community.
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. Check out my undervalued picks from previous issues.
Investment Opportunity: FunPlastic (Benjamin's Group)
Benjamin's Group Eggs, now rebranded as FunPlastic, saw typical "buy the rumor, sell the news" behavior on the secondary market. Prices kept rising to ₳400 leading up to the hatching event, after which floor prices have plummeted to ₳105.
However, nothing has fundamentally changed in this project. It is still a high-quality collection by a trusted team and perhaps the most talented artist in the entire space. With that in mind, picking up some FunPlastic NFTs at these prices feels like a good deal, especially compared to the ATH prices earlier this month.
Artist: The Makers / KingPablo
King Pablo is the creator of The Makers, a unique and high-quality architectural project that most people haven't heard of. He puts great effort and care into all of his unique work. What he lacks in marketing he more than makes up for with craftsmanship.
Check out this project if you are looking to support genuinely good work - not to flip.
Rugpull Watch
There were no confirmed rugpulls this week! Instead, we will feature a "Get Rekt" moment from this week:
Thor's Thoughts
It's human nature to be competitive. It's human nature to think of your own needs before others. This is how we survived for over 100,000 years so it has become a part of our genetics. But just like some other instincts, like stuffing our faces with calories, it actually doesn't increase survival rates in the modern world. Thriving in the modern world requires us to overcome our natural instincts and do the opposite.
This is a very long way to say that we should embrace cooperation, not competition, in the CNFT community. Instead of protecting my own interests, I embrace the opportunity to help and collaborate with other content creators.
Whether you are a content creator, developer, minting service, project, collector, or a CNFT marketplace, don't look at others as your competition. Reach out and offer help. You'll be surprised that not only will you survive, but you will thrive and so will our community.
Viking Squad Updates
Discord Server:
Over 900 Vikings talk about different projects, share ideas, and have fun. Special thanks to the following Vikings for contributing to this week's issue:
Check out CardanoThor's community on Discord - hang out with other CNFT creators and collectors.
YouTube: Over 800 subscribers! Getting closer to that 1k milestone by the day. At least 3 new videos every week. Weekly CNFT Brew is coming out in video fromat tomorrow, Saturday.
Check out my latest chat with Pendulum
Twitch Streaming Schedule:
Sunday, 1:30 AM UTC: ADA Army
Wednesday, 7PM UTC: Gingerbread Squad: Rebaked
Friday, 7PM UTC: TBD
Twitter: This week's most popular tweet:
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