Page One #47
NFT Market Recap. November 20 - December 8, 2022
We back again - apologies for the absence! Likely missing some notable stuff as the market has felt more alive over the past week or two than it has for a while, which is refreshing.
Since my last post, we’ve partnered with Parsec to provide P1 and our readers with top notch data and analytics. We’ve been using Parsec for months and are happy to support their team of chads - use code PAGE1 for 20% Parsec’s NFT membership.
As always, thanks for reading, hmu on bird app, come hang out in The One and see you on Wednesday! (I swear (doubt.jpeg))
TLDR:
News and Notes:
Bored Apes stake while waiting for Jimmy’s Christmas trial
Jenkins the Valet partners with 12 projects for new podcast
Kanpai Pandas ride advisor announcements to new highs
Killabears climb as they enter the KillaLabs experiment
RTFKT tumbles after MNTLH 2 turns into coupon code
y00ts launch staking + merch + NFT Blue
Recent Launches:
Abstraction by Anon kickstarts a new meta
Castaway Characters board for multi-phase reveal
Dmitri Cherniak debuts new collection Light Years
The Legend of Cockpunch is a new story from Tim Ferriss
State of the Art is ThankYouX’s largest project so far
Valhalla incentives holding with inventive airdrop
Upcoming Launches:
Cryptokicks iRL bring the future to your feet
MNTGE is a wearables brand built around vintage clothes
News and Notes:
Bored Apes stake while waiting for Jimmy’s Christmas trial
On November 24, BAYC announced the long-awaited roadmap item The Trial of Jimmy the Monkey will begin this Christmas. No further details were released besides the ornate image above, but the announcement didn’t need specific info to create some excitement.
Ape and ApeCoin staking, an initiative now 8 months in the making, launched on December 5. The protocol, established and funded by the ApeCoin DAO and developed by Horizen Labs, allows holders to earn rewards - unless, of course, they live in the United States or other restricted jurisdictions. The three-year program will distribute 17.5% of the total supply of ApeCoin, including 100M tokens in the first year. For the full details on how staking works, check out the ApeStake site and this guide from Lucky Trader.
Jenkins the Valet partners with 12 projects for new podcast
The 8-episode podcast series focuses on Jenkins’ quest to find his BAKC, Goodboy, who has gone missing. Holders from 100+ NFT communities can write a character bio for their tokens and submit them for potential inclusion in the story. 12 preferred partners including Goblintown, Sappy Seals and Pudgy Penguins signed agreements allowing Jenkins to feature their IP in the podcast, including names, logos and lore.
Writer’s Room: 0.3Ξ floor | 6,942 supply | 0.06942Ξ mint | minted 8-4-21
Kanpai Pandas ride advisor announcements to new highs
While the Pandas are easily associated with degenerate gambling in Vegas, founder Ice Bagz and the team aim to add a new level of legitimacy to their work with the addition of new strategic advisors. Steve Espinosa, former senior technology advisor to the White House, and Steve Cohen, head of United Talent Agency’s Atlanta office, have joined the project over the past week. Despite a slow start, the Pandas have created a community with a unique feel and have support from many influential traders across DeFi and NFTs. They’ve continued attending NFL games in Vegas and expanded their ecosystem a bit with the Infinity Pandas collection.
Killabears climb as they enter the KillaLabs experiment
Their storytelling-through-staking approach continues with a new 45-day stay in the lab. After receiving various rewards including KillaGear for their first 30-day stake in the Kilton, participants in Chapter 2 will receive guaranteed KillaTrait rewards while having a chance to win various NFTs from the collection. The project has reached new highs over the past few weeks, reaching a floor above 3Ξ at times.
Killabears is an incredibly active project and while keeping up with the ecosystem can require some reading, constant communication and entertainment is one of their greatest strengths - catch up on the story so far on their website here.
RTFKT tumbles after MNTLH 2 turns into coupon code
With the release of Project Animus Eggs to all Clone holders on the 1st, it looked like RTFKT was set to close the year strong. The MNTLH 2 quest took place on the 4th and the Cryptokick iRL, RTFKT’s first smart sneaker, was announced the next day (more on CiRL below).
Instead of elation, though, their community was left feeling dissatisfied - and rightfully so - after the MNLTH 2 turned into a Lace Engine. The Lace Engine provides holders with a guaranteed CiRL mint at a price ~25% lower than the public. Secondary prices for the newly revealed coupon code plummeted from above 1.5Ξ to about 0.2Ξ and many voiced their displeasure. The RTFKT team has been receptive of the criticism but have certainly lost some confidence this week.
y00ts launch staking + merch + NFT Blue
Staking launched on November 28, allowing holders to earn y00tpoints without tokens leaving their wallets. One y00tpoint is earned for every minute staked. Points will be spent on various rewards including physical merch, airdrops and sponsored collaborations. The project debuted their first publicly available merch on the 7th alongside a new tool called NFT Blue that the team hopes will encourage the Solana community to support artists with royalties by turning your pfp into a star shape. In other news, founder Frank doxxed after some encouragement from outside actors.
160◎ floor | 15,000 supply | 375 DUST mint | minted 9-5-22
Hyperspace | Twitter | Discord | Website
Recent Launches:
Abstraction by Anon kickstarts a new meta
In the middle of the night on the 1st, a free mint of 333 pieces of colorfully abstract art “by anon” minted. 24 hours later, the collection had risen to 2Ξ as holders sought to solve the mystery of anon. After their Twitter was discovered, anon was seemingly everywhere - posters popped up in Miami, Las Vegas, Chicago, Moscow, Hong Kong and elsewhere. Opportunists took advantage of the ongoing mystery, releasing dozens of low-supply collection “by anon,” only adding to the confusion. A second official collection, Who i am is not important, the art is, was released on the 4th and the project still has holders wondering what exactly is going on and who anon might be. With over 800Ξ traded between the two collections, it’s safe to say our space still enjoys a good mystery.
Castaway Characters board for multi-phase reveal
The island-survival game from Branch airdropped genesis Characters, their first avatar collection, to holders of Rafts and Islands as well as their most active players. They’ve begun a multi-phase reveal that sees each token grouped into an airline and a boarding group over the course of three weeks. While characters are evenly distributed across 4 airlines, boarding groups determine their profession (rarity). Characters art will reveal sometime next week. Catch up on all they’ve got going on in their latest Town Hall here.
Dmitri Cherniak debuts new collection Light Years
Created in collaboration with photography curation platform Fellowship, Light Years is a 100-piece collection produced in partnership with The Estate of László Moholy-Nagy, a Hungarian artists known for his integration of art and technology in the early 20th century. Each edition was created with a combination of code-based generative systems and hand-made preparations and each is accompanied by a physical silver gelatin print. Read more about the project here.
The Legend of Cockpunch is a new story from Tim Ferriss
Prolific author, podcaster and entrepreneur Tim Ferriss brings his multitude of experiences to NFTs with The Legend of Cockpunch, a “tale of a fantastical realm” he has categorized as “Emergent Long Fiction.” Over time, Ferriss will build out the universe with characters, maps and artwork that tie into his new Cockpunch podcast. Mint proceeds are being donated to the Saisei Foundation, a registered non-profit founded by Ferriss that funds research on “intractable” conditions including PTSD various addictions. The project has topped volume charts since its release and has seen over 3,000Ξ in volume traded so far.
State of the Art is ThankYouX’s largest project so far
An experiment in employing blockchain “as a medium rather than a tool for distribution,” State of the Art consists of four large-scale physical pieces of abstract art that have each been divided into 400 tiles. ThankYouX, who has been creating cryptoart since 2020, exhibited the four pieces at Art Basel last week. Each tile can be redeemed for its physical counterpart in early 2023. Before the physical redemption, collectors will be able to “merge” adjacent tiles together to create larger sections of the canvas.
Valhalla incentives holding with inventive airdrop
The project, which positions itself at the intersection of gaming and crypto culture, revealed on the 7th and had a surprise in store for holders - Armory Tokens. Each avatar will be airdropped 5 tokens over the course of the next two weeks, with the first completed yesterday. While they haven’t specified exactly what the tokens will be used for, they’ve mentioned they will “unlock features.” The floor fell to around 0.45Ξ after reveal but has since recovered.
Upcoming Launches:
Cryptokicks iRL bring the future to your feet
Despite the disappointments mentioned above and their US-only availability, the Cryptokicks iRL give RTFKT holders a good reason for excitement. Their first smart shoe comes in four colorways, each featuring customizable lights, wireless charging, Bluetooth connectivity and automatic lacing. At a cost between ~$350 and $1,300, they certainly aren’t cheap, but maybe their upcoming Move to Earn program can help subsidize. The shoes will be forged on May 1, 2023.
MNTGE is a wearables brand built around vintage clothes
Founded by fashion designer, collector and curator Sean Wotherspoon and advised by an array of individuals from across fashion, technology and music, MNTGE is bringing the past into the future. Their Day One Pass will give holders access to their market of vintage collectibles curated by Wotherspoon and others, as well as priority access to future drops. Applications for their allowlist are open on the website below.
Other Stuff Happened/ing
NFTs:
Blur rolls out gasless bidding alongside Airdrop 2 care packages
$MAGIC is getting listed on Coinbase
Magic Eden launch Open Creator Protocol to protect royalties
Rug Radio announces PFPs from Corey Van Lew are coming soon
Tessera, the protocol formerly known as Fractional, is now live
Treeverse opens applications for their Pre-Alpha playtest
General News:
Animoca Brands to form $2B metaverse fund
Apple blocks Coinbase Wallet on iOS, demanding payments go through App Store
Ledger announces new wallet, the Ledger Stax
Phantom wallet is integrating Ethereum and Polygon
Telegram plans to build crypto wallets, decentralized exchange
Lastly, thank you all for the continued support! We’re actively looking to expand our platform and relationships in the form of protocol partnerships, potential guest posts, sponsorships, branding, etc. so reach out to me or tolks to discuss any ideas.
Why does no one comment on these? You guys f***** rock!