nftbite

Bite-sized summaries of NFT articles & insights

#NFT #NFTs #NFTCommunity #nftcollectors

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(6/6) Why pay so much for a JPEG?

• making connections within the fandom
• NFT let you display fandom in the digital space (ex. NFT badge to display on social profile)

Will NFTs go social?
• Expect to see fans display NFTs on social profiles in the future

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(1/6) Why NFTs are better than Patreon

A super-simplified explanation of NFTs
• shows proof of scarcity and authenticity
• 95% are minted on Ethereum - a completely decentralized network with no middleman

#NFT #NFTs #NFTCommunity #nftcollectors

https://t.co/pvOQZWlEKS

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(5/6) The biggest benefit of NFTs

An ownership stake in your favorite artists: huge marketing benefit

Fans with NFTs have a financial motivation to tell friends and family members about the artists!

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Space Jam: A New Legacy launch includes a 91,000 item NFT tie-in

The Space Jam tie-in is a launch event for @Niftys that promises a free NFT to anyone who registers

All 91,000 NFTs have been claimed as of writing

https://t.co/3xCphNMlQ4

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(5/5)
Proper bridge hub solution should allow users to:
• go and land on any blockchain they like, and choose not to return
• ex) Hen → OpenSea → Atomic Hub

Darwinia Network is an interesting project
• already bridged Ethereum, Tron, Huobi Chain and working on Kusama Chain

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(1/5)
What’s Next After Defi And NFTs

Interoperability problems:

• NFTs in HEN in Tezon cannot be sold in OpenSea
• Cannot move Dot from polkadot.js to BSC directly
• Can have Finney coins in EOS and Wax, but cannot transfer them between the two

https://t.co/uKtruiTvTp

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(4/5)
Problems arise because:
• These protocols are developed to serve individual projects' needs.
• They act as a to and from channels

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(4/4)
@KnownOrigin_io
• Monthly sales volume: $35,893.83 -> $279,220.00 (+678%)
• Monthly active users: 134 -> 246 (+84%)
• Monthly average sales: $78.37 -> $672.82 (+759%)

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(1/4)
NFT Market Growth

June 2020 vs June 2021

@opensea
• Monthly sales volume: $917,965.89 -> $149,751,456.92 (+16,213%)
• Monthly active users: 2,977 -> 39,663 (+1,232%)
• Monthly average sales: $149.42 -> $1470.71 (+884%)

#NFT #NFTs

https://t.co/eI6VZC54lJ

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(3/4)
@SuperRare
• Monthly sales volume: $250,011.83 -> $2,775,717.54 (+1,010%)
• Monthly active users: 342 -> 462 (+35%)
• Monthly average sales: $331.14 -> $5,410.76 (+1,533%)

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DAO Landscape - collector(NFT) DAOs

• @PleasrDAO
• @FLAMINGODAO
• @squiggledao
• @FingerprintsDAO
• BRRDAO
• @whale_community
• @MUSE0DAO
• @herstoryDAO
• @BeetsDAO
• @JennyMetaverse
• @MeebitsDAO
• Gremlins

https://t.co/3q8A90jBGg

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(4/4)
Strategies to get exposure to CryptoPunks

• @NFTX_ : Punk Index
• @NIFTEX & @uniclyNFT : Punk shards
• @YamuFinance: Punk synthetic(Yam uPUNKS)

https://t.co/gGow2dbgKQ

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(1/4)
How to get exposure to CryptoPunks

Some numbers about CryptoPunks by @larvalabs:

• 2021 Spring: 8 CryptoPunks sold for $17M at Christie's
• Current floor price: 17.5 ETH ≈ $40K

#CryptoPunk #cryptopunks

https://t.co/44CNDj6WkJ

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(3/4)
Valuing CryptoPunks 101

• subjectivity - asthetics and looks
• type rarity - 9 aliens, 24 apes, 88 zombies, 3,849 females, 6,039 males
• attribute number - between 0 and 7
• attribute uniqueness - rarest attributes are beanies(44), chockers(48) & pilot helmets(54)