In the Wednesday newsletter, we take a closer look at some of the high profile projects that launched this week. We also reveal some of the projects on our radar that will be launching soon.

WGMI Weekly Wednesday Newsletter

July 6, 2022

NFT of the Week: Ethereum Name Service (ENS)



Ethereum Name Service (ENS) NFTs are domains secured on the Ethereum blockchain that users can purchase and use as their Ethereum address, IPFS hash, or website URL. The first 

ENS NFT was minted on January 29th, 2020, and there is currently a supply count of more than 1.44 million domains that have been purchased. Anyone is able to purchase and mint an ENS Name Service starting at just $5 per year. Three-digit ENS domains are the most expensive to hold as it costs $640 per year. The floor price and the sales volume of ENS NFTs were booming during the month of April with the creation of the coveted “10k ENS Club” a private Discord server where only those who have a three or four-digit ENS domain are granted access. There is another club called ‘Three Letters Club’ which is a community dedicated to holders of 3-letter ENS domains which has also led to the increase in popularity of the collection. 

OpenSea: https://opensea.io/collection/ens

Why Ethereum Name Service (ENS) is our NFT of the Week

Recently a domain name that reads ‘000.eth’ sold for 300 ETH (~$339,000) making it the second most expensive NFT of its type. The only ENS domain that sold for more than ‘000.eth’ is ‘paradigm.eth’ which sold for 420 ETH back in October of 2021. What’s impressive is the fact that 000.eth was purchased for 300 ETH only a few days ago with the current bear market conditions which is an incredible feat. Since that recent sale, there has been a drastic increase in the number of sales for both 3-digit and 4-digit ENS server names which is why ENS Name Service is our NFT of the week. 

TL;DR: Ethereum Name Service has been trending due to ‘000.eth’ selling for 300 ETH just a few days prior. The floor price of three-digit and four-digit ENS domains has been pumping due to FOMO that has been generated by exclusive clubs such as the ’10k ENS Club’ and the ‘Three Letters Club’.

Ethereum Name Service (ENS) in numbers

1,444,058

Supply

starting at $5 per year

Mint Price

0.001 ETH

Floor Price 

(July 6, 2022)

42.8k ETH

Volume Traded (July 6, 2022) 

ENS Team

Starting at the Ethereum Foundation in early 2017, ENS spun off with a separate organization in 2018. ENS development is managed by the Singaporean non-profit True Names LTD and is a public good, a basic piece of the Internet infrastructure that belongs to the community. 

The Team behind ENS Name Service is all self-doxxed with publicly available photos which can be found on their official webpage https://ens.domains/. Listed below is the entire Name Service team which consists of seven different developers, an executive director, and a community manager, among others.

Khori Whittaker  Executive Director

Nick Johnson  Creator & Lead Developer

Jeff Lau – Frontend & Solidity Developer

Makoto Inoue – JS & Solidity Developer

Kevin | validator.eth – Support Lead

Leon Talbert – Frontend Developer

Richard Moore – Advisor

Muhammed Tanrikulu – Full Stack Developer

Alisha.eth – Community Manager

Taytems.eth – Frontend Developer

Davidchu.eth – Frontend Developer

Luc van Kampen – Developer Relations

Marketing / Community

ENS Name Service doesn’t have a Discord community of its own, however, holders of ENS domain server NFTs are part of third-party communities like the ‘10k ENS Club’ and the ‘Three Letters Club’ which have a large following of dedicated holders and “shillers”.

Just in the last 48 hours, there has been a huge increase in the number of ENS servers that were either renewed, created, or released which helped make ENS the #1 trending project on OS in terms of sales volume for the week.

 

Roadmap

The ENS Name Service is a subscription-based service where holders need to renew their domain on a yearly basis.

The ENS Name Service team has previously airdropped ENS tokens to domain holders which kickstarted the craze for ENS name servers back in October of 2021. 

There isn’t any particular roadmap that has been released by the ENS Name Service team, but it is likely that they are thinking of more innovative ways of rewarding holders and increasing the floor price.

WGMI

Recently Launched and Trending Projects

The Possessed



The Possessed is a collection of 10,000 fully animated NFTs created by two fully doxxed artists, @whoami and @Whatthefurr (Tom and Joe). Tom and Joe have been meaning to collaborate for the longest time, but it wasn’t until they both fell in love with the NFT space that it felt like the perfect combination of the right time, right skill set, and the right medium. Joe and Tom discussed various concepts for a few weeks before Joe shared his first character prototype with Tom on 01.01.2022, and the Possessed project was born. The duo team successfully launched their mint phase for The Possessed collection on 06.30.2022.

The current roadmap and utilities that will be attached to these NFTs are still under development and the team has announced they will be releasing a roadmap of future experiences – that will be shared in the coming weeks. 

The duo behind the Possessed NFT project created a new kind of PFP collection that is animated, generative, and driven by a unique concept: Every Possessed NFT will include a fully animated character with 2 static PFPs – one of each state (Blessed and Possessed). Holders will be able to select which state they want to use as the display for their PFP. 

The mint price for the collection was 0.25 ETH for whitelisted members, and it cost 0.35 ETH during the public sale phase. The collection floor price sits at 0.59 ETH at writing and it has been holding around this range for the past few days as we await the reveal phase which is scheduled to take place tomorrow, July 7th at 6:00 pm EST. 

Total Supply: 10,000
Mint Price: Allowlist – 0.25 ETH | Public – 0.35 ETH
Current Floor Price: 0.59 ETH
Website: https://opensea.io/collection/thepossessed
Twitter: https://twitter.com/ThePossessedNFT_
OpenSea: https://opensea.io/collection/thepossessed

WGMI

DopeApeClub



DopeApeClub is a free-to-mint 10k collection of NFTs that were developed based on the IP rights authorized by BAYC holders #4555, #4372, #2420, #8648, #1769, #6582, and #4685). The BAYC holders got together to use their NFTs and their IP rights to create an entirely new collection.  

DopeApeClub is supported by Sigroll, the first onchain NFT licensing platform and DopeApeClub is one of its premier NFT projects. Each of the 10k dope ape NFTs is a unique 1-of-1 artwork living on the Ethereum Network. The success of DopeApeClub has brought about other derivative projects such as the “Dope Cryptopunk Club” which is trying to cash in on the new trend of holders combining their IP rights, and creating their own free-to-mint collection out of it. 

There is no roadmap nor any utility associated with the DopeApeClub collection at this time. The floor price of DopeApeClub sits at 0.068 ETH at writing and the collection has seen more than 1.7k ETH worth of transactions since launching approximately 4 days ago making this one of the most traded projects on OS this past week. 

Total Supply: 10,000Mint Price:  free + gasCurrent Floor Price: 0.068 ETHWebsite: https://dopeapeclub.xyz/Twitter: https://twitter.com/Dope_Ape_NFTOpenSea: https://opensea.io/collection/dopeapeclub-1
WGMI

Upcoming New Projects: Bangers

Multiversal Walkers



Multiversal Walkers is an upcoming NFT collection, taking steps into the walking meta. Created by director and animator, Andre Boyd. The project is going to receive support from NFT art launching platform, ‘Not So Fungibles’. With an art style that gives off some Rick and Morty vibes, featuring quirky and hilarious designs, it’s easy to see why it has been able to generate a lot of hype and fanfare. Each and every NFT token is called Tim, and variations include mashups from different universes including, Kill Bill, Thor, Doodles, and Harry Potter. The collection will have a maximum supply of 5,555  NFTs, and of these, 55 will be held for the team. Multiversal Walkers has over 82.7K followers on Twitter and the community is extremely engaged and hyped for the project to drop in about a week from today. So much is the demand for the Multiversal Walkers collection, the entire merchandise store with more than 10 different items has completely sold out. 

Team

Little is known about the team outside of the creator and supporting platform. No doubt there will be others working on the project, and hopefully, more will be revealed publicly on Twitter over time. 

Creator – Andre Boyd

Andre has links to the now legendary NFT artist, Markus Magnusson, having been a student under the Invisible Friends creator for a period of time. He has worked as an artist for a number of years with his Instagram dating back to 2019 and is now looking to transfer his skillset into the world of NFTs.

Support – ‘Not So Fungibles’

Taking care of the backend of the project and helping it to market will be Not So Fungibles, a platform that specializes in launching NFT collections for artists. They will provide valuable expertise and guidance to the project when taking into consideration that Andre is an artist first and foremost, likely with limited experience in navigating the NFT space.

Total Supply: 5,555 
Mint Date: July 12-15
Mint Price: Public: 0.269 ETH | WL: 0.188 ETH
Website: https://multiversalwalkers.com/
Twitter: https://twitter.com/MultiversalWalk

WGMI

Garbage Friends



So far, there is very little detail and information with regards to Garbage Friends. Despite this, they have the bragging rights to an impressive 141.4k followers on Twitter and 12.8k followers on Instagram (at the time of writing) with incredible engagement on each of their tweets. 

What we do know is that Garbage Friends is a quirky garbage-themed cartoon art style NFT project with ties to the ‘blue chip’ project, Invisible Friends. 

The Invisible Friends website states that Garbage Friends are “everything our Invisible Friends aren’t. That is smelly, dirty and nihilistic”. Invisible Friends have disclosed that holding 1 Invisible Friend will equal an allocation to mint one Garbage Friend, with some being left for non-holders. 

In the early days of Garbage Friends, their Twitter bio seemed to be meme-like and stated “might create some trash for the metaverse, might not. No promises, no Discord, no sale, no nothing”. Now, Garbage Friends has developed into a full-fledged project with mint details to be released in the near future. This is definitely a project worth keeping your eyes on for a great potential flipping opportunity. 

Total Supply 

TBA

Launch Date

TBA

Mint Price

TBA

WGMI

Hidden Gem of the Week

NFTEye

NFT Eye is an all-in-one platform that provides both deep analytics and professional trading suites just like Bloomberg Terminal in TradFi. In other words, the vision of NFTEye is “To Make NFT Trading More Intelligent ”. NFTEye is put together as a tool to be not as fragmented as other tools in the saturated tool market where it combines all the fragmentation issues of minting, rarity ranking, blue-chip analysis, deep analytics, wallet tracking, portfolio management, and other real-time trading information using a single platform.

NFT Eye is an all-in-one platform that provides both deep analytics and professional trading suites just like Bloomberg Terminal in TradFi. In other words, the vision of NFTEye is “To Make NFT Trading More Intelligent ”. NFTEye is put together as a tool to be not as fragmented as other tools in the saturated tool market where it combines all the fragmentation issues of minting, rarity ranking, blue-chip analysis, deep analytics, wallet tracking, portfolio management, and other real-time trading information using a single platform.

Roadmap

Phase 1 

Includes Smart Bidding; bulk bidding / auto bidding / smart bidding strategy editor, Smart Buy; smart alerts / auto buys, Advanced Sniper Features; Advanced Holder Charts / Advanced Sell Wall / Momentum Charts / Advanced Listings Charts / Flips Stats / Full Screen Mode, Trait Floor V2.0, Smart Tracking / Blue Chip tracking, Smart Reveal Management; Instant Reveals / Reveal Alert / Reveal Calendar / Upcoming Drops, Advanced Collection Filters & Sort. 

NFTEye Chrome Extension; Flash Buy(Quick Buy) / Blue Chip Tracking / Ranking Page / Gas Preset

Phase 2

Includes NFTEye Web; Bid Manager, Portfolio Management; Portfolio Analyzer / Wallet Profit Calculation / Multi Wallets Portfolio Calculation, Private Node, Contract Minting Bot, Solana Support, Smart Tracking; Alpha Group Tracking / Whale Move / Wallet Tagging, Social Data Insights, AI Price Estimation, UniCart(Marketplace Aggregator), Light UI Mode, ERC-1155 Support, LooksRare Integration, and One Page Brief, 

NFTEye Chrome Extension; Shopping Cart, Gas Preset, Smart Reveal Management; Instant Reveals / Reveal Alert / Reveal Calendar / Upcoming Drops, Smart Tracking, and Social Data Insights

Mobile App; Collection HUD, Portfolio Management, Dashboard, Smart Tracking, Smart Notification, Daily/Weekly Assets Report

NFTEye is very analytic heavy and number heavy which brings a lot of tools together in one place. Easy navigation throughout the dashboard, it’s an open beta before mint happens to show that it works, UI functionality, and what to expect once it becomes token gated. Will be a lifetime pass which you would not have a subscription to pay. Having tools all in one place instead of hopping from screen to screen or tool to tool is a great use case and a much-needed product regardless of the market conditions.  

Total Supply 

7,721

Launch Date

July 21

Mint Price

0.1721 ETH
WGMI

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