Feels like a bull run

Pudgy Penguins at an all-time high

Author

The Metadata
December 03, 2023

Welcome to The Metadata. The only NFT newsletter that you’ll ever need. This week’s edition is packed to the brim with alpha so let’s get going

Today we cover:

  • What’s driving the NFT markets

  • Alpha #1: Hyperspace

  • Alpha #2: ON1 Force

  • The best of Web3-gaming tweets

Market Update

The NFTs world is sizzling right now. It’s been supercharged with the recent crypto rally in BTC, ETH and SOL.

Pudgy Penguins are rocking it at a 10 ETH floor, its all-time high for this year. MadLads, the top NFT project on Solana, doesn’t seem to be stopping and shot up another 50% since we talked about it last week.

Remember the old saying: "Ride the wave of the strong."

It often pays to buy into strength/leaders rather than to chase beta plays. Hunter Solaire suggests looking for the #1 project on different chains, and we tend to agree:

Alpha #1: Hyperspace Rewards

Hyperspace, the NFT marketplace on Avalanche, is kind of a hidden gem. Not many people are farming this.

You can earn rewards in AVAX for trading on the Hyperspace marketplace, connecting your social accounts (and following the Hyperspace AVAX account), and minting new mints on their launch pad. Their first season was a month-long, and it looks like Season 2 in December could be the same (1 month)

There actually isn’t too much going on with NFTs on Avalanche, but there's this one collection, Dokyo, that's catching some attention. Dokyo is a “Community Venture Studio” that’s building a brand, and minted 2 months ago. The roadmap for Dokyo is vague, but the team seems to be well-intentioned. In every NFT ecosystem, it is usually the leader that runs the furthest — look at how MadLads on Solana is killing it right now. If Avalanche NFTs start gaining traction, Doyko could take off.

We hear that some farmers earned a 5-figure sum for just a few days of trading. 👀

Alpha #2: 0N1 Force Enters Fortnite

0N1 Force, that cool anime-inspired PFP project, has gotten a major upgrade this year under new management – kinds of reminds us of what happened with Pudgy Penguins…

But here's the exciting part: they're not just sitting back and enjoying the view. They’ve launched a new playable experience on Fortnite and we hear it’s pretty fun. Fortnite has 200M+ monthly active players.

And guess what's coming up? On December 16, there's this massive gaming event lined up in collaboration with other Web3 games. They've got one of the top gaming influencers leading the charge, so you know it's going to be epic.

It's super cool to see teams jumping into the UGC worlds – Roblox, Fortnite, Minecraft. After all, let’s be honest, that’s where all the users are today.

Our Favourite Tweets

🐥 Gameplay for Pixel Vault’s Battle Plan

🐥 More on the Pixel Vault Token ($GG)

🐥 Degentraland’s Web3 gaming list

🐥 Some interesting parallel statistics

🐥 XAI, a new gaming-focused chain, is launching

🐥 My Pet Hooligan token in Q1 2024

🐥 Big drama with Shrapnel, another hostile takeover attempt

🐥 Netflix gets into gaming. Everyone is going to be a gamer soon

🐥 Defimon rebrands to Spellborne, gets a nice pump

🐥 Flamingo sweeps $715K of art NFTs

🐥 Paradigm throws Pacman under the bus

🐥 Mando does some napkin math on the Blast airdrop

🐥 MadLads summary

🐥 TL;dr on the DeGods roadmap

🐥 NFTfi rewards season 2 details

🐥 New token standard: ERC-7160 “Doppelganger”

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Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.