Weekly CNFT Brew

June 08, 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:

  • Charles calls the NFT growth on Cardano an "unexpected surprise" on NFT Maker's Twitter Space.

  • Cornucopias sold out all tiers of their land sale in a matter of seconds.

  • EIKONIKOS sold 3,249 Genesis Passports, well short of their goal of 12,345.

  • Floor prices plummet as the CNFT community scrambles to find liquidity for Cornucopias and EIKONIKOS mints.

  • NFT Maker launches credit card payment options and brings Martin Lawrence to Cardano.

  • JPG.store announces new minting services.

  • A Berry sells for ₳85k and both Yummi and Old Money have ₳20k+ sales.

  • DeadPXLz release actual in-game footage from their upcoming PXL Wars P2E game.

  • First Women in CNFTs Roundtable was held last week.

  • The Goat Tribe launches its own marketplace.

  • Hackers steal 32 NFTs by getting access to two Yuga Lab Discord servers: Bored Ape Yacht Club and OtherSide Metaverse.

Multiple successful drops happened over the past couple of weeks:

Exciting upcoming mints include:

The Highlights

Charles Hoskinson calls the NFT growth on Cardano an "unexpected surprise". In the NFT Maker Twitter space with Charles and Martin Lawrence, Charles gave listeners an insight into how he views the CNFT space. He also revealed that he is talking directly to some projects creators, such as the Cornucopias and Drunken Dragons teams.

More on the NFT Maker Twitter space below

Cornucopias sold out of all of its land sale tiers in a matter of seconds. Although somewhat expected, even the most optimistic Cornucopias fans have been impressed with the demand and secondary market sales volume. At the time of writing, total volume has already exceeded ₳6.5M and is closing in on the top 10 all-time volume list.

EIKONIKOS was another highly anticipated Metaverse mint but unlike Cornucopias, it did not meet expectations with their volume. With roughly 26% of the collection minted, the team closed the mint and thereby set a permanent supply limit on the Genesis Passports.

JPG.store now offers a simple 2-step process for converting artwork into NFTs. As a marketplace with 98% market share, it will undoubtedly become one of NFT Maker's biggest competitors. Interestingly enough, NFT Maker is also planning on entering JPG.store's turf as they continue to develop their own NFT marketplace, so perhaps they will arrive at the same place despite taking different routes.

Floor prices plummeted almost universally across the CNFT space last week. This was most likely caused by two of the most highly anticipated and expensive mints happening over the weekend: EIKONIKOS and Cornucopias. As collectors rushed to the market to sell NFTs to fund these two mints, the positive supply shock pushed prices down. Pavia plots went below ₳200, The Ape Societ below ₳1,500, and Over Exposed Genesis below ₳1k, to name a few examples.

NFT Maker Announced that they can now accept credit card payments. They also hosted an exciting Twitter space with Charles himself and the legendary actor Martin Lawrence last night. In the space, NFT Maker announced a collaboration collection with Martin Lawrence. The collection consists of 30 1:1 unique pieces of artwork but you can find more information on martincnft.com

Some community members criticized Lawrence's lack of knowledge and enthusiasm about Cardano after the space ended.

Congratulations to all of the CNFT projects that successfully sold out this week:

Noteworthy sales last week included a Berry sale ₳85k, two Yummi Universe sales for ₳18k and ₳20k respectively, and two Old Money sales for ₳20k and ₳21k. The Aquafarmers collection from Liqwid also continues to impress on the secondary market and recorded a ₳25k and a ₳27k sale this week.

Cornucopias also continues to impress and has recorded 3 sales of ₳24k, ₳25k, and ₳30k sales for Legendary Copias plots in the last 24 hours.

DeadPXLz released some actual in-game footage from their upcoming PXL Wars P2E last week. This promptly inspired many to leave "LFG" replies on Twitter.

The first "Women in CNFTs" Roundtable was held last week on my Twitch channel. The all-female panel included great guests from the CNFT space and the full conversation can be watched on YouTube.

The Goat Tribe has launched their own marketplace, following in the footsteps of many successful projects in this regard. The goal of the marketplace is to remove barriers for entry and lower fees.

You can find the marketplace at https://goattribe.store

Pixl.page, an alternative to Pool.pm, continues to partner up with many prominent CNFT projects and build excitement for their upcoming Genesis mint. Partners include OnBoard NFTs, CardanoTrees, Over Exposed, and many more but the latest update was a sneak peek at their Genesis token, which was designed by BlockOwls artist, Kent. See the full animated version on their Discord server.

Prosperia is a SciFi metaverse project that is slowly building up steam in the space. Last week, they debuted their faction wars, where community factions battled to win ₳8k prize pool and expended territory in the Prosperia world.

H.Y.P.E. announced an impressive 1:1 collection up for auction on Artano. The collection, named "Shit Head Ape Tribe" pokes fun at the NFT degen culture and low-quality derivative projects.

Andels, a smaller CNFT mini-game project, made an exciting announcement this week. With the release of their Andels Land map, holders can now choose where their Andels will live and have a chance to win loot as each Andel acts as a lottery ticket.

Angel Baby Hit Squad launched their collaboration with Bizarre Stars and airdropped their Demon Hit Squad Whitelist Tokens to ABHS holders. The collaboration mint was free but needed to be claimed by sending ₳10 in a transaction.

Hackers managed to gain access to two Yuga Lab Discord servers, stealing 32 valuable NFTs in the process. According to reports, the hackers were able to get access through a community manager's account. The stolen NFTs included 1 BAYC, 2 MAYC, 5 Otherseed, and 1 BAKC.

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.

The Rabbit Syndicate is a pixel pfp project that has managed to create some excitement in the community. The 6-person doxxed team consists of experienced community members.

When: Wednesday, 2PM (WL), 7PM (Public)

How much: ₳40 (WL), ₳50 (Public)

How many: 4,444

Score Club is an upcoming CNFT project for all soccer fans on Cardano. This collection is for their Season Cards that come with future utility. There are three different tiers of cards, ranging from bronze to gold.

When: Thursday

How much: ₳50 (bronze), ₳70 (silver), ₳90 (gold)

How many: 600

Outer Space Society seeks to build a "Web3 Digital Hypewear Brand on the Cardano Blockchain". With over 4.5k followers on Twitter and 5.2k Discord members, the project has already created some buzz for this mint and has a good chance of selling out their 5,555 collection. Holders of the Spaceturion Card can mint early, starting at 2PM this Friday.

When: Friday, 2PM (card holders) - Saturday, 4PM (public)

How much: $65 ADA worth

How many: 5,555

Parapains is the second collection by PAINS NFT dropping this week. The team has slowly been releasing some exciting sneak peeks and surprised nobody with its quality. It is unclear when exactly the mint will begin, but WL members can start minting 24-hours before the public. You receive WL allocation for each S1 Growing Pains that you own.

The collection is also unique in the sense that it will drop a portion of its collection on Ethereum.

When: Friday, 6PM

How much: ₳70 (WL), ₳88 (Public)

How many: 7,500 (on Cardano)

Mad Dog Car Club is dropping its car parts collection this week. 6,000 parts will be minted and by collecting 3 parts of the same type, holders can trade them in for a car.

When: Friday, 7PM

How much: ₳60

How many: 6,000 (parts)

Ad3V1s was included in the last week's issue but they delayed their mint after it was released. Here is their description from last week: "Ad3v1s is a project you might be familiar with. The project has been in development since September of last year, when their first preview image received a lot of attention and hype on Twitter. It is finally time for the project to launch its 1st drop of cyberpunk cyborgs."

When: Saturday (WL), Sunday (Public), 3PM

How much: ₳60

How many: 2,500

UtopianZ drop their season 1 collection this week, ModZ. UtopianZ is an alien society of unique characters based around NFT projects and communities.

When: Saturday, 6PM (WL), 8PM (Public)

How much: ₳80

How many: 2,049

Crazy Hyenas is a project that has a very descriptive name. Their roadmap includes ADA prizes for holders and a ₳5k donation to a charity.

When: Sunday 9PM (WL), 10PM (Public)

How much: ₳85

How many: 7,979

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 has been a rough week for most projects except for Cornucopias. As collectors tried to save up ADA for the Cornucopias and EIKONIKOS mints, they flooded the secondary market with NFTs from other projects, driving prices down.

For the ADA rich, this presents a great opportunity to buy quality NFTs on the cheap, as even the most established projects have been going down in price.

Looking at the shorter time frames now that the Cornucopias and EIKONIKOS mints are over, floor prices seem to already be on the bounce.

Overall, this has been a massive week for CNFT volume, or approx. ₳15.5 million. Granted, almost half of it can be attributed to Cornucopias (see below). As people take profits on their Cornucopias mints, the hope is that more ADA will start flowing into other projects and raise prices.

The numbers (last 7 days)

  • Total ADA volume: ₳15.5 million (+29.2%)

  • Total CNFT Volume: 47,307 (+2%)

Top 5 Marketplaces by market share

  1. JPG.store: 98% 🏆

  2. SpaceBudz: 1%🥈

  3. CNFT.io: 0.4% 🥉

  4. PXL.org: 0.2%

  5. Epoch.art: 0.2%

Top Volume Gainers (%)*

Top Volume Losers(%)*:

  • Beast Boy Club

  • Cardano Warriors

  • MarsBirds

  • The King Tigers

  • Cycl:R

Top Newcomers

  • Cornucopias: ₳6.1M, ₳229 floor

  • EIKONIKOS: ₳1M volume, ₳484 floor

  • TAD Mutant Tribe: ₳217k, ₳68 floor

*Only projects that record at least ₳2k 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: Over Exposed - Genesis

The Genesis collection from the Over Exposed project has been in high demand since it was first announced. It has become well established and is much respected for its top-tier quality. Although there are many quality projects you could choose in this buyers' market, this one would be my pick at a floor price just above ₳1k.

Not that long ago, floor price was at ₳2.5k and nothing has driven the price down except people trying to liquidate for Cornucopias and other mints. In other words, this is a great time to pick up this quality project.

This section is usually on the serious side, covering serious artists in the CNFT space. This week is a little bit different as we look at Handies. This collection is full of humor and wonderfully weird so the quality of its artwork is sometimes ignored.

Unfortunately, Golden is not doxxed so I don't know much about his previous work other than what he told me during our Twitch chat, which was that he normally works on more serious artwork and subjects. I have a feeling that his previous work would impress the pickiest collectors.

Viking Squad Updates

Discord Server:

Over 1,000 Vikings talk about different projects, share ideas, and have fun. Special thanks to the following Vikings for contributing to this week's issue:

YouTube: The Weekly Brew is released in video format every week along with other CNFT tips and interviews. Check out my latest "Women in CNFTs" Roundtable:

Twitch Streaming Schedule:

  • Thursday, 7PM UTC (Interview with Block is Hot)

  • Fridays, 7PM UTC

Twitter - This week's most popular Tweet:

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