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- Nike's Our Force 1 Begins
GM. We've lots of research findings to share today. Let's get right into it.
Today we cover:
Azuki and Milady are showing real strength in this market
Nike's Our Force 1 begins. We're psyched
Trump surprises everyone with a new NFT collection, rekting his previous NFT holders
Top NFT artists' brands are worth over $100M. We tell you who is at the top
📣 Quick shoutout to our friends at Founders Pack. They interview startup Founders before they raise, allowing readers to learn from founders and investors in Y Combinator, Techstars, HustleFund and similar companies. It's worth a free subscribe for anyone looking to improve their pitch deck, find new investors, or create a startup.
Market Update: Azuki & Milady Hold The Fort
The Forkast 500 NFT index continues its green streak, rising 0.46% on the day and nearing its highs for the month. Not a lot of action in the major NFT collections: Azuki and Milady are showing signs of real strength, with their floor prices grinding up slowly while the rest of the collections are bleeding away.
We think it's still a good time to observe and be very selective. There's no need to FOMO into buying NFTs... yet.
Nike's Our Force 1 Begins
💲 What to know: Nike is launching its digital NFT shoes, Our Force 1 (OF1), soon.
In a lead up to this launch, it announced that it will airdrop free OF1 poster NFTs to approximately 1/3 of its .SWOOSH members (106,453 lucky folks)
☘️ In the weeds: Nike's bold leap into Web3 with ".SWOOSH" promises an exhilarating community experience where fans get to co-create with the iconic brand.
Immerse yourself in video games and virtual realms, strutting your digital sneakers with pride. But, fair warning to all you sneakerheads: these NFT kicks are staying strictly virtual. Nike's made it clear – no physical counterparts here!
Holders of the OF1 poster NFTs will be able participate early in the launch of OF1, but all .SWOOSH members will get to participate in the first drop. There are two types of OF1 NFTs: Classic Remix & New Wave
Classic Remix feature retro styles from 1982 to 2006, while New Wave features modern and futuristic Air Force Ones from 2007 onwards. Holders of these NFTs will also get access to exclusive products and experiences.
🤑 Why it matters: Everyone knows Nike.
It is a strong signal of confidence in Web3 that one of the biggest brands on the planet is getting involved in a major way. You can be sure that many other traditional brands will be watching how this goes: Will this move boost customer engagement? Strengthen brand loyalty? 🤔
If it's a hit, expect an avalanche of brands joining the Web3 revolution. Success here will set the stage for a new era of brand-customer interaction, and others won't be able to resist jumping into the fray.
Today's News & Coolest Tweets
🐥 What's happening next for Jack Butcher's opepen collection
opepen evolution
↓
— Jack Butcher (@jackbutcher)
2:20 PM • Apr 17, 2023
🐥 Surprise launch of Trump cards Series 2. Floor prices of Series 1 NFTs crash
Trump Digital Trading Cards Series 2 Now On Sale! Add to YOUR Collection! CollectTrumpCards.com
— CollectTrumpCards (@CollectTrump)
4:06 PM • Apr 18, 2023
🐥 People capitulating on art NFTs. Might be a good time to place WETH bids
For the first time ever, 2/3 of trades on major art platforms (art blocks, brain drops, gm dao) are sellers accepting WETH bids.
We discuss this liquidity crunch on today's show:
youtube.com/watch?v=bB2sn0…
— NFTstatistics.eth (@punk9059)
1:29 AM • Apr 18, 2023
🐥 Web3 Gaming to become a $10 trillion sector in 10 years
One of THE MOST important paradigms to grasp is the "non-zero sum" web3 gaming sector:
I'll explain...
Marketplaces work on power laws (all value accrues to top / winner takes all)
Social Networks the same
This makes these sectors extremely hard to disrupt
But not gaming.… twitter.com/i/web/status/1…
— EllioTrades (@elliotrades)
8:45 PM • Apr 18, 2023
🐥 Parallel's terminal acquisition on Friday
Terminal Acquisition will occur this Friday, April 21st at 5PM EST.
Terminal Activation rewards will be revealed this week.
— Parallel (@ParallelTCG)
9:12 PM • Apr 17, 2023
🐥 Merit Circle (gaming guild) launches its own chain
INTRODUCING BEAM
Beam is a gaming subnet created for the @MeritCircle_IO DAO to launch on the @Avax network.
The subnet will house dozens of fascinating games and products to realize the future of gaming.
medium.com/@meritcircle/m…
🧵⬇️
— Merit Circle (@MeritCircle_IO)
4:03 PM • Apr 18, 2023
🐥 Top artists win by community building
Greatest artists are phenomenal community builders.
They connect people & elevate their fellow artists.
Their generosity is paying off. In 2 years, 5 artists built $100M+ brands and 20 – $10M+.
We might see the first $1B artist brands by end of the decade.
Who will it be? 🧵
— Tim Salikhov (@tsalikhov)
1:55 PM • Apr 18, 2023
🐥 RIP Franklin
🐥 Gemesis NFTs reveal, people have been scooping up rare ones
The wait is over.💎✨
Gemesis NFT holders please check your wallets, we’ve polished your gemstones.
More details on the metadata reveal below.👇
— OpenSea Pro (@openseapro)
7:22 PM • Apr 18, 2023
🐥 Artist Spotlight: Ars0nic, the pepe lover
1/ Welcome to an Escher Editorial on an artist who holds up a mirror to culture, pushes the frontiers of form & function, & leads the way in the Web3 meme-ment. This creator traverses distinct categories at both ends of the NFT scene – the one & only @Ars0nic.
— Escher (@escherxyz)
9:03 PM • Apr 18, 2023
🐥 ERC-6551, a new NFT primitive
What if your NFT was a wallet?
Introducing Token Bound Accounts: ERC-6551 by @futureprimitive🎉
This new Ethereum primitive unlocks endless possibilities for digital collectibles & art. Here's a breakdown of what it is & why you should care 🧵
— Yeong (@notyeong)
10:52 AM • Apr 18, 2023
🐥 A chatGPT for crypto
1/ Introducing Omni, an experiment in Crypto + AI.
Crypto is hard. Omni makes it easier.
With simple text prompts, it can:
• Interact with the blockchain
• Answer questions about web3
• Help you manage your cryptoHere's how it works 🧵
— marginfi (omni arc) ◼️ (@marginfi)
1:23 PM • Apr 18, 2023
New Projects Corner
🍿 (Art) diewiththemostlikes dropping a collection on SuperRare on April 20
This 4/20, we're legalizing ground beef
— SuperRare 💎 (@SuperRare)
5:04 PM • Apr 18, 2023
🍿 (Art) Feral File's BLOOMCORE mints on April 20
Coming soon to Feral File:
BLOOMCORE
an exhibition of new work by @ricksilvacurated by Claire L Evans (@TheUniverse)
April 20th at 14:00 UTC
— Feral File (@FeralFile)
4:20 PM • Apr 13, 2023
🍿 (Photography) Vintage hollywood photos
For our next drop, we have hand-picked and curated a selection of 333 1/1s photo of the most influential Hollywood movies and icons from the early 1920s to the 1980s.
Each 1/1 photograph comes with exclusive NFT rights.
Register here: focusbloc.io/collection
— Focus Bloc (@FocusBloc)
12:09 PM • Apr 17, 2023
🍿 (Art) Founder of Marvel Studios launches an NFT project. April 24
Things are changing.
April 24, 2023.
Enjoy with sound on 🔉
— ekos (@EkosGenesis)
4:00 PM • Apr 17, 2023
That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). If you found this newsletter helpful, imagine how much your friends will love you if you forwarded it to them. Just sayin' 🥹
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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.