JohnCena

1y

anywhere I can see which Cryptocurrencies produce the most NFT Volume

I know ETH and SOL lead the pack, but what other projects are doing well with NFTS?

Jozen

1y

Ok so I know I haven't put out a detailed list of projects I'm looking at in a minute, but things have been heating up on the eastern front and some other big projects are minting soon as well. So I thought it was the perfect time to do a full report on everything that I'm seeing in the markets currently.

🇯🇵 🇨🇳 EASTERN NFT's 🇲🇾 🇵🇭

This is a space that has been bubbling since at least around August of 2021. So many of the core Asian community members are not new to NFTs and they know very well about how westerners love to just flip projects and move onto the next. They hate that s***. You can taint your rep if you just go in there asking for WL, mint price, etc. All of the project's communities are very intertwined.

Asian NFT projects do not exactly mean anime NFT projects. There are some Asian anime projects for sure, but it's an entirely different art style as you can see below.

It seems the primary reasons why this ecosystem has been doing so well is due to the fact that tax on crypto is insanely high in Japan in particular. They not only like to, but almost have no choice, but to HOLD. The second reason is that alot of these people are new to the space and are just not that financially literate. Nearly all of these collections have a 0.0001 mint price (almost free) because they are attempting to onboard as many people to the space as they can.

This is the founder of CNP's take on it; he is the founder of the first project listed below.

Here's another useful resource he posted about the Japanese NFT ecosystem if you want to do your own deep dive (I think it's his blog):

https://web3-zen.com/

It is also worth noting that of course most of what is written is in Japanese or whatever other native language they are using so you will have to use a translator if you don't speak the language.

Here's some of examples of projects that have gone giga nuts recently:

CryptoNinja Partners

0.001 ETH mint ➡️ 3.5 ETH peak (Nov 14)

https://twitter.com/CryptoNinja_NFT
https://opensea.io/collection/cryptoninjapartners

CPN Jobs

0.001 ETH mint ➡️ 0.7 ETH peak (some sales as high as 1.6 ETH a week ago)

https://www.twitter.com/ujuuna999
https://opensea.io/collection/cnp-jobs

Here are some projects slated to release soon that I think have potential to do well:

EDO-1 (NOV 26)

CNP Reborn (NOV 27 10AM JST)

Live Like A Cat (DEC 28)

https://shuheimurakami.com/20221031/how-to-get-llac-wl/

Catch the Culprit NFT (Release date TBA)

Remember to use a burner wallet if you are gonna mint these as scammers may be trying to capitalize on this Japanese NFT hype

WESTERN NFT's:​

Right now we aren't seeing too much happen across the board for your typical NFT projects. Volume is super low. The niche right now is mostly anime themed projects.

We just saw KPR mint and do a 5x before reveal. We also have Valhalla minting soon which is probably the biggest project on the horizon (prob too late to get Val WL but ETHER is another massive one and is still possible to get, tho difficult).

Most projects are doing this cringe application meta thing (I think its cringe cause its like applying for a job lmao, and if you don't know anyone or aren't apart of any big communities its hard to get accepted but I digress)

Projects that I'm looking forward to:

JUUNI

• You need a code to apply and applications close NOV 26 (if my application gets accepted, i'll have 3 free codes to give to out here if y'all want)

https://www.juuni.xyz/

School Data

• Join the chess club and I'll get you nominated for an easy WL as I'm the club manager

https://www.schooldata.io/

Chimera King

YogaPetz

https://yogapetz.com/

https://yogapetz.gitbook.io/yogapetz-litepaper-v1/project-background/how-did-it-start

https://twitter.com/Yogapetz

ETHER (possibly end of December or early 2023

I will of course continue to just post whatever projects I feel are worth mentioning whenever I come across them.

MACRO A***YSIS 📈

So like I said before volume has been super low, in fact we are treading at all time lows. This makes alot of sense of course with NFTs being far off on the risk spectrum for assets.

I think over the next 6-18 months we will continue to see this hard reset in the space continue. Less froth, less projects. Many people who got wiped out or discouraged by low prices and volume have left the space.

Despite that, there will continue to be one off opportunities (think Art Gobblers, think back to ENS, also these Japanese NFTs for example) that I don't think are worth missing.

However, despite the broader market capitulation and low volume, some blue chip collections have seemingly held up pretty strong (despite BAYC which is now at a 60 ETH floor).

I do think there is potential for lower lows to be made through to next year. This is why I am solely focused on the minting and flipping strategy right now. Unless, there is a clear buzz for a certain niche which makes purchasing on secondary worth it.

OFC NFA DYOR

worldpeace

1y

https://cryptoslam.io/ just googled 'nft volume by chain'

i always check defillama first for stuff like this but their data looks wrong here https://defillama.com/nfts/chains

Jozen

1y

NFT’s on Uniswap!

• They’re also airdropping $5m USDC to past Genie users
• Two tiers: 300 and 1000 usdc, depending on wallet criteria

Ajax

1y

@Jozen need a***ysis on the trump mint

worldpeace

1y

are they even nfts?

worldpeace

1y

are they even nfts?

Ajax

1y

@Jozen need a***ysis on the trump mint

Jozen

1y

just might be the best NFT i've ever seen