Isaiah Yu 🍌| 🇵🇭

President/Chairman of the Cryptocurrency Club (CC) in Ateneo de Manila University | Cooperator of the PaLiga DAO Marketing Sport Cooperative | @SteezyApeGang

[JBond @jbondwagon]

Insights on the State of NFTs Today

1) Hype is dead 💀

Azuki + Elementals, Captainz reveal, Ether mint, & DeGods S3 all crumbled after hype

2) Utility is dead 💀

NFTs delivering utility are all down bad. BAYC is approaching 1/2 of a floor punk

3) Liquidity is dead 💀

Not much liquidity going to NFTs outside of Blur farmers. No one wants to buy NFTs rn

4) Royalties are dead 💀

Then there’s Opensea making royalties optional for NFT creators as a response to Blur bringing royalties down to 0.5%

Are NFTs dead? Not really.

Why? What’s alive?

A) Provenance & Art - Punks, Artblocks (Squiggle, Ringer, Fidenza, etc) perform better than PFPs

B) Community - while floor prices are spiraling, strong communities remain.
This is one of the best use cases on why PFPs will remain to be relevant - tribalism

C) Building - this is the perfect time to build for the next wave & beyond. We’re seeing different efforts being exerted by projects towards opening up the floodgates for mainstream adoption. Yuga building games & lore, and Pudgy Penguins building IP & toys are just some of the examples

Situation looks bleak rn for NFTs but it’s not the end of the road. Bullish on what’s to come for NFTs

… But til then, we all need to figure out ways to survive to remain in the game

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@joyride_one @steezyapegang 🔥🔥🔥

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@Mart_Biss gm

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@xbalek78 Gm

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@maxwin yessir

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@gotinearly24 Drowning in it

[AD9 @AlphaDon09]

We wanted to extend a Big @okinalabs Family Welcome to @fredymontero_

So the #STZ7 & our resident edit King @D_2_R_Designs put our heads together to create a Custom @steezyapegang edit for Fredy!

From Colombian roots to Seattle Sports hallowed ground we tried to personalize this piece as much as possible. We hope y’all enjoy!

Welcome to the Steezy Ape Gang Fredy!

#OKINA IS 🔑

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@CryptoBullyzNFT @HMN5_NFT @steezyapegang @okinalabs gm

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@3orovik 50

[SeaSickMutant.eth | revolt.eth @SeaSickMutant]

Back on the @TokenframeNFT today is this @PEAKY_FACTION from @HMN5_NFT - LFG

[Watcher.Guru @WatcherGuru]

Popular YouTuber Logan Paul purchased this #NFT for $623,000 in 2021.

Today, it’s worth $1,600.

[Bryan Vee @imbryanvee]

This has to be one of the best pfp art pieces in the entire space. @HMN5_NFT

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@LakeMartin_eth @steezyapegang 🥵

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

@BryanveeEth Wagmi

[Bryan Vee @imbryanvee]

EVERYONE ❤️👇🏼

This is not an NFT bear market.

We are not “building in the bear”…

We are in the infancy/developmental phases, trying to understand what works and what doesn’t.

THIS ISN’T CYCLICAL. The sooner we understand this, the sooner we can get back to “offensive strategies".

We’re too early to be able to identify what this space in time is…other than understanding that this is “formation “.

Metrics, analysis and charts cannot live here…yet.

THIS IS A FORMATIVE PERIOD.

THIS IS A TIME FOR EXCITEMENT, NOT HESITATION.

Let’s build.

@okinalabs

[Isaiah Yu 🍌| 🇵🇭 @yu_isaiah]

GM Everyone 🫡

A beautiful & detailed 1/1 3D NFT piece of “Cillian Murphy”

Art by:@Sebderosa_

Listed by: @KnownOrigin_io

**Bid now:** https://t.co/gugCB4r9O2…

Comment & RT are appreciated 🙏

#NFT #NFTs #NFTCommmunity #Ethereum #EthereumNFTs #CillianMurphy #Oppenheimer

[Jon Erlichman @JonErlichman]

Companies that changed their names:

Amazon: Cadabra
Best Buy: Sound of Music
eBay: Auction Web
Facebook: Meta
Google: BackRub
Instagram: Burbn
Netflix: Kibble
Nike: Blue Ribbon Sports
Pepsi: Brad’s Drink
Playboy: Stag Party
7-Eleven: Tote’m Stores
Snapchat: Picaboo
Starbucks: Cargo House
Target: Goodfellow 
Tinder: Matchbox
X: Twitter

[Michael Saylor @saylor]

#Bitcoin is the best hope for those facing a collapsing currency.

[Not Elon Musk @ElonMuskAOC]

Describe 𝕏 in one word…

I’ll go first, “everything”