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Weekly CNFT Brew (Espresso Edition)

Weekly CNFT Brew (Espresso Edition)

January 10, 2022

We're back on track with our Monday edition of the Weekly Brew. However, as the previous edition was released last Thursday due to the Holidays, this Espresso Edition will be shorter than usual, only covering updates from the past 4 days.

The Highlights

Wood Lords launched their 1k drop yesterday. Although successful in the sense that it sold out, it experienced some major issues as NFT-maker PRO went down during this exact time.

BCRC is yet again receiving some criticism from the wider CNFT community as more information about their questionable practices has been exposed. A recent video on the project by CryptoHeaps has received much attention.

Angel Baby Hit Squad released previews of their next airdrop, created by the talented HYPE team, which had many people excited.

VUDU Brigada gave some insights into their upcoming Black Magic launch when they revealed one of their custom Discord Mod NFTs. Although Vudus have struggled to maintain a high floor price, the quality of their work is undeniable.

Open CNFT has released some noteworthy upgrades to its platform. Users can now log in with their Nami wallets to get an overview of their wallet's analytics. They also added some useful graphs to their market analytics section.

Cardano NFTs were spotted on the main streets of London this weekend. To add to the bigger mainstream adoption narrative, some popular YouTubers, including Bitboy, have recently been discussing CNFTs on their channel.

JPG.store continues to gain market share as the newly crowned most popular CNFT marketplace. Over the past 24 hours, they hold a 61% share compared to CNFT.io's 31%

This Week

Cycl:R drops today at 22:00 UTC for whitelisted members. This is Benjamin Group's first partnership as they aim to bring more talented artists to Cardano from other blockchains. Holding one BG Egg will give allow you to mint one Cycl:R NFT.

When: Mon 10th, 22:00 UTC

Where: cyclernft.com

How much: 250 ADA

How many: 8088

BrightPalz is one of the most anticipated projects launching this month, let alone this week. The "doodle" style seems to appeal to the general community and despite some criticism for a lack of originality (similar to "Doodles" on Ethereum), is looking to experience the greatest demand this week.

When: Fri 14th, 21:00 UTC

Where: brightpalz.io

How much: 40 ADA

How many: 8,888

Borg Club is another exciting project launching this week. They also recently announced a collaboration with Degen Crypto Club, where a 1:1 DCC-inspired NFT will be a part of their collection.

When: Sat 14th, 21:00 UTC

Where: www.borgclub.io

How much: 45 ADA

How many: 3,333

Knfty World is a collection of 8,800 NFTs dropping this Sunday at noon, UTC. The drop is only for whitelisted members, however. Public sale will happen anytime in the next 2-4 weeks. 10% royalties will be implemented and applies to all secondary sales.

When: Sun 16th,12:00 UTC

Where: Discord

How much: 45 (presale), 50 (public)

How many: 8,800

Market Analysis

The numbers:

Total ADA volume: ₳13.648 million (+260%)
Total CNFT Volume: 56,104 (+133%)
Top Marketplace Gainer: JPG.store (238%)
Biggest Marketplace Loser: PXLz (-8%)

Top Gainers*

PaperBoxEra (114k%)
Serum-X (9180%)
MOB Lore Hunt (8170%)
Space Ape Club (6159%)
ADAPunkz (4780%)

Top Losers*:

Lucky Planet (-71%)
Equine Jockeys (-71%)
Cardano Warriors (-68%)
HashGuardians (-55%)
Raging Reds (-39%)

Top Newcomers

Lazy Llamas: ₳304K volume, ₳294 floor
Raging Teens Clan: ₳200K, ₳88 floor
PaperBoxEra: ₳126K, ₳75 floor

Top 3 sales:

BCRC#3934: ₳22,500
BCRC#158: ₳22,000
BCRC#1569: ₳19,000

Volume keeps rising, led by Boss Cat Rocket Club, which recorded the top 3 sales this weekend. The legitimacy of these sales has been questioned but will be reported here until something concrete has been proven.

JPG.store did 2x the volume of CNFT.io over the past 24 hours. This might be due to some SC issues that CNFT.io experienced but regardless, they seem to be playing significant catchup lately.

The current increase in CNFT volume seems to be benefitting many older projects. MOB Lore Hunt, for example was mentioned in the top 5 gainers this weekend, seeing over 8k% increase in volume and floor prices rising from 10 ADA up to 24 at its highest. GingerBread Squad, Ada Ninjaz, and Baby Alien Club are some other examples of older projects gaining steam and offering an opportunity to buy well-established projects for cheap.

The ArtBeat

Joseph Miranda announced a highly unique and ambitious feature of his upcoming Digital Lowlifes pfp collection, where lucky community members will literally become a part of the 10k collection. Owners of his previous "We The People" NFTs who participate in the weekly raffles have a chance of being selected.

CNFT Mag just released their 3rd issue, minting 100 signed covers for 15 ada. The magazine features some great stories from the CNFT world, including an artist feature.

The artist SaL CNFT is a Vietnamese artist on Cardano and was featured in the issue mentioned above.

Killer Napkins is a known ETH NFT artist and recently collaborated with Death Squad on Cardano. His collaborative piece just sold for 400 ADA at an auction.

Underrated

These are this week's most underrated investment opportunity and artist. This is a highly subjective section so please DYOR.

Investment Opportunity: Multiple

For the first time, I'll be recommending multiple older projects that have decreased in value over time. These projects have proven to be run by good teams and don't appear to be going anywhere. These projects are available for cheap but due to their quality and historic status, are likely to gain value over time:

MOB Lore Hunt
Gingerbread Squad (community-led)
Baby Alien Club
ADA Clouds (community-led)
Very Important Dummies
Wild Warriors
Space Ape Club - Halloween
Ada Ninjaz
Aw0ken Algorithms
Vudu Brigada

Picking up some of these projects can be a great way to buy CNFTs without breaking the bank or feeling like you're buying the top.

Artist: Anton Gudim

Gudim is a Russian illustrator who has been creating art for the past 5 years. He is currently working towards becoming a full-time artist. His recent NFT drop on Cardano was well received and sold out almost immediately.