Page One #56
NFT Market Recap. March 23 - April 5, 2023
Hello friends and welcome back, apologies for lazily not putting Nakamigos in here for you two weeks ago, I thought they looked like silly Lego people (still do). Will be in NYC next week so buzz me if you’ve got anything cool going on - hopefully will have short edition for next week.
As always, thanks for reading, let me know what I missed on Twitter and hit the button below to come hang out.
TLDR:
News and Notes:
DeGods and y00ts complete their respective migrations
Doodles opened their Genesis Boxes last week
Kanpai Pandas launch the Panda Points program
Pudgy Penguin Rogs multiply ecosystem benefits
Yuga releases an onslaught of updates across the board
Recent Launches:
Escher launches with Season 0 Exclusives
Gemesis is OpenSea Pro’s gift to Gem users
Iron Paw Gang continues RCC’s animated artistry
Nakamigos dominate conversation in first weeks of trading
Upcoming Launches:
Bugatti to sell limited-edition Eggs with paired Ordinals
Defaced releases Gotta Get Gurt mystery cards today
Killacubs set to mint on April 20th
News and Notes:
DeGods and y00ts complete their respective migrations
Three months after Frank revealed both DeLabs collections would be leaving Solana, DeGods and y00ts have completed their trip to the EVM ecosystem. y00ts made their way to Polygon on March 28th and DeGods to Ethereum on the 31st.
Holders were incentivized to migrate within the first 24 hours: y00ts who did so received 5 USDC, DeGods received gas rebates and they both earned raffle entries for a BTC DeGod. On April 3rd, the Paper Hands Bridge Tax - a 33.3% royalty fee - was applied to DeGods still on Solana. DeGods also announced that Blur is their preferred marketplace.
DeGods traded for around 11Ξ directly after migration and currently sitting around 8.3Ξ with ~3,800Ξ in total volume and 8,240 tokens migrated. y00ts have remained around ~1.9Ξ (give or take) with ~2,400Ξ in total volume and ~12,400 tokens migrated. Welcome to the big leagues, DeLabs.
Doodles opened their Genesis Boxes last week
The mystery boxes that were sold in a forward auction last June can now be opened. Each box contains two wearables and one beta pass, allowing the opener to start creating their own Doodles 2. Read the full Genesis Box documents here. Separately, a vote is being held to restructure the Doodlebank to help facilitate efficiency and decision-making.
The colorful avatar collection is down nearly 50% over the past month despite delivering Dooplicator and Genesis Box utilities recently. Last year, Doodles was a big winner at NFT NYC - as we approach this year’s conference, holders wonder if the team can pull another Pharrell-sized rabbit from their hat.
Kanpai Pandas launch the Panda Points program
The Pandas have introduced one of the largest rewards ecosystems in the NFT space. Each Panda now earns Panda Points, an off-chain rewards currency, passively every day based on their rarity. These points can be used in the Lab (to purchase new traits), in the Casino (to play casino games or bet on sports), or in the upcoming arcade (to compete in mini-games), which is set to launch in April. Holders can manage their points, complete bounties and participate in raffles or events in the PPDEX. The community has loved it so far. Check out the PPDEX here.
Pudgy Penguin Rogs multiply ecosystem benefits
Rogs - a creation of the original Pudgy team - started as the most disappointing present the world has ever seen. On March 25, the current team gave them new life. Rogs now serve as a multiplier for Pudgy licensing deals, on-chain drops and other potential claims. The given example explains that a licensed Pudgy paired with an Epic Rog will earn 3x the licensing royalties. While details are still scarce, we should have a full understanding in Q2 ‘23 when the Pudgys launch Project Overpass.
Yuga releases an onslaught of updates across the board
Yuga projects have been having a moment lately. Headlines have rolled in regarding nearly everything under their umbrella. Hitting them individually would turn this into Page Yuga, so let’s use some bullet points:
The Second Trip took place on March 25th and saw over 7,000 players
Gucci revealed a physical + digital Koda pendant which releases today
A few more details about Legends of Mara, which will take place in May
Vessels are now claimable and Kodas can be decoupled
HV-MTL types were revealed and “Evo 1” will take place in April
10KTF seemingly hints at how their world relates to The Otherside
It’s a Bored Ape’s world and we’re all just living in it, amiright.
Other Stuff Happened:
6529 Meme Card SeizeJPGs sees frenzy of sales after Elon tweeted it
Art Blocks rolled out their own independent marketplace with royalties
Finiliar launches Fini iOS and Apple Watch app and can now track stocks
Memeland surges as Captainz hit 6Ξ, Potatoz 3Ξ
RTFKT founder shows off Clone X assets in Unreal Editor for Fortnite
Seizon completed their gamified reveal earlier this week
Trump Cards see volume spike following his arrest last week
Recent Launches:
Escher launches with Season 0 Exclusives
Andy, Deeze and the team at Tessera launched their new editions marketplace Escher on March 30th. The marketplace features a curated selection of artists, each with their own “Showroom” that displays all of their editions in one place. Escher Exclusives Season 0 launched alongside the marketplace and featured works from Pop Wonder, POSTWOOK and Diewiththemostlikes. Other artists currently featured on the platform include Jack Butcher, Killer Acid and OSF with more to come.
Gemesis is OpenSea Pro’s gift to Gem users
In a surprise announcement Tuesday, Gem was re-introduced as OpenSea Pro. The NFT aggregator was founded by Vasa and acquired by OpenSea in April 2022. OS Pro looks a lot like Gem V2, but introduces a few new features including live mint overviews, bid aggregation and more to come. The announcement mentions that OS Pro users will earn NFT rewards, although it doesn’t provide any details.
As a gesture of appreciation, anyone who used Gem before March 31 can claim a Gemesis NFT for free on OpenSea. According to the FAQ, Gemesis has no utility and is not part of the new NFT rewards program. We do know that each token will have a rarity rank determined by the date of the minter’s first Gem transaction. While Vasa said Gemesis is still in pre-reveal, it’s unclear whether the art will be unique for each token or if the reveal is focused on ranks. Read the full OS Pro announcement here.
Iron Paw Gang continues RCC’s animated artistry
Artists from the Random Character Collective have an incredible talen for bringing generative animation to life in unique ways. Collections including Invisible Friends and Mood Rollers have demonstrated the talents of the RCC collective and Iron Paw Gang is no different. Adam Ape’s universe has more narrative than previous RCC collections - it tells the story of a post-apocalyptic society where animals have harnessed mechs to advance their evolution and battle for a new global order.
Nakamigos dominate conversation in first weeks of trading
Mysterious founders, cheap mint, support from notable collectors, and dozens of derivatives - have we seen this episode before? Many discovered the collection of “Cryptopunks with fun outfits” through mfers founder sartoshi, as collectors of his end of sartoshi pass were allowlisted. While missooors bemoaned influencer manipulation, it sounds quite difficult to manipulate a collection into 7th place in social reach only one week after mint. A few Beeple features caused commotion and the Twitter timeline exploded again after various honoraries were sold for as much as 10Ξ. But with loose ends still remaining - most importantly, the identity of “OG crypto artist with many years of experience” - we’ll be seeing these pixel people around for at least a bit longer.
Other Stuff Happened:
DenDekaDen Spirit Keys tumble after minting last weekend
SHILLR releases Media Core Pass open edition
Upcoming Launches:
Bugatti to sell limited-edition Eggs with paired Ordinals
The luxury automobile company announced Tuesday that it is partnering with Asprey to create a collection of limited-edition eggs that will be produced both physically and as Ordinals, with OnChainMonkey creators Metagood facilitating the technical side of things. Reminiscent of Fabergé eggs, the collection will contain 111 pieces with physicals created using various materials and sold at different prices. The generative NFT was designed by Ali Walker and will produce new oval shapes infinitely, but “once a week will revert to the AB egg shape.” Bugatti shared the announcement on their main social media channels and seem to be looking to create a uniquely attractive luxury collectible.
Defaced releases Gotta Get Gurt mystery cards today
Defaced has been creating NFT art in his instantly recognizable style since early 2021 and is set to release his largest collection since Defaced ‘N’ Friends. Gotta Get Gurt is made up of 12 “character cards” and two 1/1 “art cards.” The artist debuted Gurt as a puppet at a Miami pop-up shop and has since released a few more videos. Holders of qualifying Defaced works - full list here - can mint today at 2 PM EST and any remaining cards will be sold to the public tomorrow.
Killacubs set to mint on April 20th
The Killaverse welcomes their smallest members later this month when the Killacub workshop finally opens its doors. Minters will receive a Cubryo which will need to complete eight stages of incubation before becoming a Killacub. KillaTraits can be applied to fully-incubated Killacubs, allowing a multitude of customization options. Each Killabear will be able to claim a Cubryo for free while the top 2,000 Killascore leaders will earn an allowlist spot. While Killabears is a large and inherently a bit complex, the team does a great job of explaining how things work - check out the Killacubs site for more info.
Other Stuff Happening:
Fellowship Show 1 featuring Roope Rainisto begins minting today
Moonbirds Mythics set to begin minting on April 17th
Pepe creator Matt Furie is releasing 100 different Open Editions
More Stuff Happened
Delphi Labs raises $13.5M for Web3 Accelerator
Magic Eden introduces new reward system called Diamonds
Metamask’s next update will introduce an NFTs tab in browser extension
The NFT MEV Landscape (long read)
Ticketmaster debuts token-gated ticket sales
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Gm Gm, Really loving this piece and the work you do here. I also run a web3 news substack for underrepresented creators called Facesofweb3. Would you be open to a recommendation exchange? Our subscribers need to be able to find each other!
Great job, once again!
gj fam, enjoy nyc