Weekly CNFT Brew

August 16, 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:

  • Did Old Money rugpull its community?

  • Derp Birds holders have spent over 30k $DERP in less than 24 hours.

  • Pixl.page badges become a popular way to display the projects owned by collectors.

  • Wild Tangz' recent tool extension for jpg.store allows users to buy multiple nfts.

  • World Mobile Token founder goes back and forth with Mark Cuban regarding Cardano and the WMT use case.

  • ClayNation had a busy week: $CLAY airdrop, ABHS x Clay Nation airdrop, hiring TYLRwithspaces, and giving a Joel Madden-signed guitar to a lucky holder.

  • NMKR has announced their partnership with IOHK to drive widespread adoption for NFTs on Cardano.

  • Cornucopias has created a debate about their supply following their Custom Dome NFT mint announcement.

  • Ugly Bros give a sneak peek at the virtual space they are currently working on.

  • Hornnies rebrands into SuperBull and tease upcoming updates.

  • BeatBoyz have created some buzz on Twitter for their upcoming mint. This is yet another project launching without Discord.

  • The Fluffy's, an exciting upcoming project, announces their mint date to be August 21st via a Medium article.

  • Bitboy sues a fellow influencer for defamation

  • Dramz, a well-known collector on Cardano, announced his upcoming project: Dramz Auction House.

  • PAINS introduces PAINS PERKS, rewarding holders in multiple stages.

  • This week's top performing project, Raccoon Syndicate, took the Cardano NFT space by storm with a successful mint.

  • ChainChillaz announce their own staking platform and "rewards store" to go live with Vasil.

  • LeatherHeads postpone their launch with a new date yet tbd.

  • CNFT Jungle makes a major update to their website, including a complete redesign and new features.

Last week’s drop highlights:

Upcoming mint highlights:

The Highlights

Did Old Money rug its community? Around 5PM on Tuesday, Old Money creators made a somewhat confusing and cryptic announcement in their Discord server, indicating that they are leaving the project. Is this a part of the OM story or have they truly left and rugged its community?

Derp Birds holders have spent over 30k $DERP in less than 24 hours on raffle tickets. The $DERP token has different types of utility, including that ability to enter raffles for high-value NFTs.

Pixl.page badges become a popular way to display the projects owned by collectors. The badge proves that the collector is the owner of a particular project and adds another fun aspect to collecting NFTs.

Wild Tangz' recent tool extension for jpg.store allows users to buy multiple nfts at once. You can see a full recent interview with the creator, Thad Diamond, on last week's CNFT Live livestream.

World Mobile Token founder goes back and forth with Mark Cuban regarding Cardano and the WMT use case. As many Cardano fans know, Mark Cuban has consistently played down the importance of the Cardano blockchain.

Billionaire entrepreneur and crypto investor Mark Cuban locked horns with World Mobile's CEO Micky Watkins this week.

Clay Nation had a busy week as usual. They had their $CLAY and ABHS x Clay Nation airdrops. They also hired the highly respected and talented Withspaces (Tyler) to their 3D art team. Finally, they have a Joel Madden-autographed guitar to a lucky Clay holder.

NMKR announced their partnership with IOHK to drive widespread adoption for NFTs on Cardano. The company, led by Patrick Tobler, has been growing fast in 2022 and this partnership is yet another jewel in their crown.

Cornucopias has created a debate about their supply following their Custom Dome NFT mint announcement. The announcement received some negative feedback and even the Cornucopias team itself encouraged their fans to "raid" a particularly negative tweet.

Ugly Bros gave a sneak peek at the virtual space they are currently working on. The team has talked about their ambitions to create an entire "Ugly world" and they seem to be busy making that a reality.

Hornnies have rebranded into SuperBull with the goal of better positioning themselves in the Cardano gaming ecosystem. The project's goal is to create a virtual fantasy sports game of the same name. The team also updated their website and promised a new roadmap soon.

BeatBoyz have created some buzz on Twitter for their upcoming mint. This is yet another project launching without a Discord server, but they make the argument that Discord "solos communities". They also have an alternative approach to their marketing by not accepting any cross-promotion and collaborations with other NFT projects.

Their unique retro desktop-style website has been very well received.

The Fluffy’s, an exciting upcoming project, finally announced their mint date to be August 21st via a Medium article. The article gives details on their mint (see below), fluffylist, commercial rights, and more.

Bitboy is suing another influencer, "Atozy", for defamation and claiming $75k in damages. Bitboy, a divisive personality, has received some criticism following this action and even started trending on Twitter.

PAINS introduced PAINS PERKS, rewarding holders in multiple stages. The first stage includes airdropping 20 PAINS to lucky holders.

This week’s top performing project, Raccoon Syndicate, took the Cardano NFT space by storm following their successful mint. Since minting last Saturday, the project has recorded ₳846K in volume at the time of writing. Holders of 6 Raccoons will be allowed to mint 2 from their upcoming tier 2 mint (scientists + clerics).

ChainChillaz announced that their own staking platform and “rewards store” will go live with Vasil. Impressively, they have built everything in-house and are not relying on 3rd party staking platforms. The project still has approx. 800 NFTs until selling out but that could change fast when this added utility goes live.

Many fans were disappointed to learn that LeatherHeads had to postpone their launch, which was scheduled for last week. The project creator cited unexpected issues with the artwork as the primary cause but has yet to announce a new date for the mint.

CNFT Jungle made a major update to their website, including a complete redesign and new features. The development team is also a part of the JPG.store team and is committed to creating a one-stop-shop for users looking for Cardano NFT information.

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.

vBlocks is an innovative project allowing NFT collectors to view their NFTs in an interactive 3D gallery. They are also currently building an art-oriented open world metaverse where each land (vBlock) owner will own a space on the map. Each vBlock owner will be able to fully design his own space and visit others.

When: Now

How much: 95 ADA

How many: 3,333

What The Duck (WTD) is a fun collection of artistic ducks symbolizing human emotions and behavior with a burst of colors. They are minting their VIP boxes this Wednesday, which servers as their genesis token.

When: August 17th, 3PM UTC (WL), 5PM (public)

How much: 50 ADA

How many: 555

Kirai is a generative curated collection combining art, utility, sustainability and community. The Kirai world will develop based on choices made by community members. They will be planting over 3,000 trees and have already started this mission with hundreds planted.

When: August 20th, 5.30PM (WL), 19.30PM (Public)

How much: 45 ADA(WL), 50 ADA (Public)

How many: 3,750

BeatBoyz recently announced their upcoming mint for this Saturday. The project has impressed with their innovative website design and marketing campaign. Only those added to their "allowlist" will be able to mint, but the project uses Twitter engagement to determine who makes the list.

When: August 20th,12PM

How much: 100 ADA

How many: TBA

The Fluffy's goal is to build intellectual property (IP) backed by high-quality art and create an established brand that will succeed in this fast-moving space. The Fluffy’s are pushing existing boundaries of Web3 to remain an innovative project. They prioritize sustainability, consistency and quality.

Like BeatBoyz, they have been able to let their high quality designs do most of their marketing and created significant buzz without a Discord server.

When: August 21st, 6PM

How much: 69 ADA (WL), 99 ADA (Public)

How many: 6,969

We Are One is a unique project with equal focus on social goals, art, and utility. This weekend, they are minting for their WL members only, who have the opportunity to mint 2 NFTs each.

When: August 20th, 12PM UTC

How much: 75 ADA

How many: 7,117

Apprentices is a project that has been on the CNFT Radar for a while now. This anime project will be minting their Founders Cards before the main collection drops later this year. Holders of the cards will receive various perks, such as sneak peeks, voting power, WL spots, and more.

When: August 21st, 2PM UTC (WL), 10PM (Public)

How much: 65 ADA

How many: 420

Infinite Void is a high-quality generative NFT collection by Studio ANF. Although they have years of experience in generative art, they entered the Cardano NFT space in 2021 with their Infinite Halo collection. All Infinite Halo holders will receive a discount on the regular 128 ADA mint price.

The collection also includes high quality audio.

When: August 21st, 5PM UTC

How much: 96 ADA (WL), 128 ADA (Public)

How many: 1,024

Reaver Empire is a unique pixel art project with particular focus on the art and community. Their upcoming collection is arcade-inspired and has a burning mechanism. They are one of JPG.store's launchpad projects.

When: August 21st, time tbd

How much: 85 ADA (WL), 95 ADA (Public)

How many: 3,333

Jesus 2 has the honor of being the earliest CNFT Radar pick that hasn't minted yet. But that's about to change as their Phase One collection is dropping this weekend. Jesse, the project artist, has been working hard on the unique collection with the ultimate goal of creating a fully animated film.

Space Otter Society is an interactive and lore-driven adventure project focused on 3,750 otters escaping their war-torn planet in search of a new home in space. You can read more about the team and mission on their newly released website.

When: August 23rd, 12PM UTC (WL), 4PM UTC (Public)

How much: 65 ADA

How many: 3,750

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

After a few busy weeks following the Mallard Order mint, volume has cooled down and hanging just above the ₳500k mark on the 24-hour timeframe. Raccoon Syndicate accounts for 36% of all volume, despite only minting on Saturday, or ₳845k. Overall, we saw a whopping 25% dip in volume with 45% of the market buying and 55% selling.

Unsurprisingly, floor prices have generally declined across Cardano NFT projects with only a few exceptions. On the bright side, Dead Rabbits Resurrection Society recorded a ₳35k sale and the two metaverse projects Virtua and Cornucopias recorded a ₳21.5k and ₳16.9k sales respectively.

The numbers (last 7 days)

  • Total ADA volume: ₳5 Million (-25%)

  • Total CNFT Volume: 24,160 (-17%)

Underrated

These are this week’s most underrated NFTs. 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: Chilled Kongs

Chilled Kongs continues to impress on the secondary market in terms of volume and floor price. While most projects are taking a severe hit in both categories, Chilled Kongs maintains a floor price above ₳2k and ranks 4th on the weekly volume charts, only behind Clay Nation and two recently minted projects. They have a loyal community and serious whales who are unlikely to dump Kongs on the market anytime soon.

They are approaching the blue-chip status fast, if they haven't reached it yet, and in bear markets, you want to invest in those lower-risk projects.

Another important reason to consider CK is their upcoming Magic Mushroom drop. Leading up to the drop, holders will have increasingly greater incentives to delist their Kongs. This could create a supply shock, much like we experienced prior to the Over Exposed Genesis mint.

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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