WGMI Weekly Wednesday Newsletter
August 10, 2022
NFT of the Week: Rare Apepe YC
Rare Apepe YC (Rare Apepe Yacht Club also known as RAYC) is a 10k derivative collection inspired by both Bored Ape Yacht Club and Rare Pepes, although unaffiliated. The project is an intersection of Memes and NFT culture, and it is a collaboration between Rare Labs (an NFT Studio), Jiro (BAYC holder), and kntvlr (Rare Pepes Collector).
OpenSea: https://opensea.io/collection/rareapepeyachtclub
Why Rare Apepe YC (RAYC) Is Our NFT of the Week
The Rare Apepe collection first launched on March 5th, 2022, at a mint price of 0.05 ETH. On Jul 31, 2022, after the community’s suggestion and the team’s decision, Rare Apepes was made into a free mint, allowing Rare Apepes to reach the hands of even more people. Since then, the floor price of the collection has reached new heights as the floor price has continuously increased this past week.
When the Rare Apepe YC became a free mint, the floor price only averaged around 0.02 ETH. Today after just over a week, the current floor price sits at 0.96 ETH. Similar to the original BAYC and Mutant Ape Collections, all Rare Apepe YC holders will receive a syringe airdrop allowing holders to mint a Mutant Apepe sometime in the future (a teaser is photo included below).
TL;DR: Rare Apepe is an older collection that minted on March 5th for 0.05 ETH. The project became free-to-mint on July 31st, and since then the floor price and the sales volume took off. All RAYC holders will receive a syringe which will allow them to mint a mutant Apapepe in the future.
RAYC in Numbers
10,000
Supply
free + gas
Mint Price
1.01 ETH
Floor Price
(August 10, 2022)
3.8k ETH
Volume Traded (August 10, 2022)
RAYC Team
RAYC is a collaboration between Rare Labs (an NFT Studio), Jiro (an NFT Collector), and kntvlr (a Blockchain Developer).
Rare labs is an agency dedicated to NFT digital art design, and it was founded by ‘Rare Designer,’ an OG artist of the crypto community. Rare Designer, who is one of the original creators of the art for ‘Rare Pepe’s’ a cultural phenomenon that has seduced the crypto and NFT world at large.
Kntrvlr is a blockchain developer who specializes in the Solidity and Rust programming languages, and he is the lead developer for RAYC.
Jiro is an NFT collector and enthusiast and also the advisor for RAYC. On October the first RareApepeYC was born as a piece commissioned from one of the Apes that Jiro owns.
Marketing / Community
RAYC currently has 6.5k members on Discord and 14.2k followers on Twitter which are low numbers compared to projects like goblintown.wtf that currently has more than 123.8k followers.
The community behind RAYC is no different than most other MEME projects. Holders are currently euphoric at the incredible price action they have been seeing and they are hopeful that this run will continue. Interestingly RAYC has not collaborated or created partnerships with any other NFT project. All of the marketing efforts have been organic through the usage of sneak peeks, as well as notable influencers such as CozomoMedici (Snoop Dogg) helping to shill the collection in order to pump their own bags (link to an example Tweet is shared below).
https://twitter.com/CozomoMedici/status
Roadmap
There is no roadmap for RAYC, but the team has hinted at what the holders can expect in the future which is a syringe that will allow holders to mint a Mutant Apepe.
“We can’t pass up on the opportunity to give you a glimpse of the future. There may be a special something waiting around the corner. It will have you dying with anticipation. We believe that the power of Memes never dies. So what awaits in the beyond?
We’ve heard rumours of a special vile that has been transforming our RAYC members. Word is that the vile will be released once all Apepes have been released into the wild.
Additionally, 10 holders will be randomly airdropped an additional NFT that has been locked up for decades.
What lies within it no one knows for sure. Are they heroic meme lord’s throughout history? Are they valuable? Are they a critical part of this story? All we know is that there will only ever be 10.”
WGMI
Weekly Picks
Webaverse Genesis Pass
Webaverse Genesis Pass is a collection of 20,000 NFTs that will serve as a pass to an open mataverse, the Webaverse. The pass allows holders to participate in ‘The Upstreet’, a collaborative MMO RPG game being built by the Webaverse team.
Webaverse is an open-source browser-based metaverse engine built from the ground up from open-source code. It is cross-compatible with various platforms and devices and accessible with just a web URL. The collection is still in its mint phase, and the floor price sits at 0.55 ETH at writing.
Each pass will also allow holders to claim a parcel of land in The Upstreet in the future. The Upstreet will come with its own lore and artifacts, and holders will also be eligible to receive future airdrops. It is important to note that Webaverse was originally intended to be a 20k collection, but only 12,130 NFTs have been minted largely due to the hefty mint price which was 0.2 ETH for allowlisted members.
Webaverse is the number two trending collection this week on OS with more than 7,156 sales and more than 2.7k ETH worth of total trade volume. The current floor price of Webaverse sits at 0.67 ETH.
Total Supply: 20,000
Mint Price: Allowlist – 0.2 ETH | Public Auction – started at 0.25 ETH
Current Floor Price: 0.67 ETH
Website: https://webaverse.com/
Twitter: https://twitter.com/webaverse
OpenSea: https://opensea.io/collection/webaverse-genesis-pas
Moodies by Hanuka
Moodies by Hanuka is a 7,401-piece NFT collection from award-winning artists, Asaf and Tomer Hanuka, which is their first ever Fine Art PFP project, and the first ever ’emotional mint’ where people were allowed to pay what they felt for the mint fee.
The Moodies is a generative art project visualizing a wide array of emotions through symbols, references from pop culture, and story-telling. There are 32 pure souls in the collection that each come with a signed print, and these souls serve as the building blocks of the entire collection.
“Moodies by Hanuka is a culture shock, a paradigm shift in how we talk about and allow ourselves to be comfortable with our thoughts, emotions, and feelings.. It’s a mess to be human… but it’s also beautiful.. Welcome to Moodies by Hanuka. #WEAREALLMOODIES #WAGMOOD”
The Moodies is a project that launched earlier today on August 9th, 2022, the the collection had no trouble selling out thanks to a Yuga Labs founder, as well as the official OpenSea team following them. There were rumors that the creator of Moodies was featured on MoMA and is currently working with Netflix on a new TV show based on one of his graphic novels.
Moodies has seen more than 589 ETH worth of trade volume since its launch less than 12 hours ago, and the current floor price of the collection sits at 0.27 ETH. The project has more than 80.7k followers on Twitter, and it is the number one trending project on OS by secondary sales in the last 24 hours. Mint Price: Pay What You FeelCurrent Floor Price: 0.27 ETHWebsite: https://www.moodiesbyhanuka.com/Twitter: https://twitter.com/moodiesbyhanukaOpenSea: https://opensea.io/collection/moodiesbyhanuka
DigiDaigaku
DigiDaigaku is a free-to-mint collection of 2022 unique characters developed by Limit Break, a company founded by world-famous game designers Gabriel Leydon and Halbert Nakagawa. Currently, DigiDaigaku characters live in a mysterious world unknown to outsiders, but in time, exciting details about their world will be revealed.
DigiDaigaku was a stealth drop that minted earlier today on August 9th, 2022, and the collection has had an incredible pump despite first launching less than 14 hours ago. The original Twitter account of DigiDaigaku was banned by Twitter so the team is currently operating out of a secondary account. The reveal for this collection is scheduled to take place this Thursday where a total of five Mystic DigiDaigaku’s are available for grabs.
“Web 3 Gaming is in a phase similar to the one @halbertnakagawa, and I first encountered when we started making apps for the Facebook/Myspace platforms and the iPhone App Store at MZ in 2008. In the next few years, we will see the promise of community ownership finally delivered in the form of NFTs people actually want in games people actually want to play, and Limit Break will be a major part of that transformation. Although I don’t have anything more to share at the moment, we may have a surprise for you soon…”
The floor price of the DigiDaigaku collection currently sits at 1.82 ETH, and the collection has seen more than 549 ETH worth of trade volume on OS. The collection sold for as much as 2.35 ETH during its peak, but the floor price has been steadily decreasing during the past two hours.
Total Supply:
Mint Price: free + gas
Current Floor Price: 1.82 ETH
Website: https://digidaigaku.com
Twitter: https://twitter.com/digidaigaku
OpenSea: https://opensea.io/collection/digidaigaku
WGMI
Upcoming Projects: Bangers
Trophy Hunters
Looking to join the expanding list of on-chain P2E card games, is the Evolution Card Collection from Trophy Hunters. Consisting of 5,715 playing cards, the collection revolves around 12 key characters, differentiated by more than 1500 unique traits. During mint, buyers will also be given the opportunity to claim a membership card, granting access to exclusive benefits such as the right to get a mintpass (future mints), and the right to vote. The membership card will be both a digital asset as well as a physical card and will be free to all (plus gas).
According to the founder, the goal of Trophy Hunters is to discover and open up the possibilities within Web3 through transparency to the marketplace. He states that the playing cards are just the first step which suggests that is more to come as the project evolves. 200 ETH has been promised as a reward fund, equating to 50% on mint takings. This will be shared amongst over 203 players, with first place taking 20 ETH, diluting down to 0.5 ETH for the final prize winners. Trophy hunters claim to be a private club that produces collections, as opposed to being the name of the collection itself, somewhat comparing themselves to teams such as Yuga Labs and Truth Labs. The Evolution Card collection is their first project, so it remains to be seen if they can establish themselves in the space.
Roadmap
Listed below are the details for Trophy Hunters Season One:
- Season 1 Contest – 203 winners to share 200 ETH between them.
- Free PFP – Holders will be able to mint their own PFP NFT
- Keep It Hot – All token holders will be able to take part in contests
- Alpha Access – Holders will get free access to the Trophy Hunters Alpha group
- 3D Metaverse Compatible PFP – Free NFT that can plug right into the Metaverse
- Game Dev – Blockchain based game with Evolution Card integration
- To Be Continued – Season 2 details to be revealed in time
Team
The Trophy Hunters website is very limited when it comes to information about the team.
Founder – Andrew
Andrew, known as Huggy on Twitter, has doxxed himself on Instagram. Whilst he has identified himself as a Blockchain project manager, it is unclear what his background is within the NFT space.
Investor and Advisor – Yegor
Based in Spain, Yegor is the founder and CEO of REMY Robotics. His history with NFTs isn’t obvious, so we can’t be sure how impactful his advice will be. However, it’s likely his investment goes a long way considering the industry his company lies within.
Community Manager – Ben 10
Seemingly an experienced mod and community manager, Ben 10 is involved with Gopher Network, Hikari, and MintStory alongside his role at Trophy Hunters.
Analysis
Bullish case
Trophy Hunters has been able to align itself with some well-established names within the NFT space, such as Champs Only, Kaiju Kingz, and Doodles Alpha. While this isn’t a marker for guaranteed success, it does provide some encouragement that it has some big eyes on it who have, at the very least, a passing interest in how it develops. Further to this, we’re seeing more projects looking to bring something new as this bear market continues.
Whilst blockchain-based card games already exist, it’s good to see Trophy Hunters’ entry, being a project with some exciting utility. The opportunity to win a share of 200 ETH on Season One is also an attractive proposition when combined with a strong community. This, and a very cost-effective mint price ranging between 0.055 ETH and 0.09 ETH may result in a good potential flipping opportunity for investors.
Reservations
As a team, this is its first foray into the NFT space. Not only is it launching its first collection, but it’s going to be a P2E, on-chain game, which is an incredibly competitive and difficult space to thrive in. As of now, we’ve seen hundreds of games appear, however, few have been able to disrupt the space enough to make a long-lasting impact. Further to this, Gods Unchained could be put forward as one of the market leaders in the NFT card niche, and that’s led by the former game director of Magic: The Gathering, a globally loved franchise. Trophy Hunters doesn’t have this level of expertise on the project so they may have difficulty securing a large market share. Ultimately, as with all projects, NFT games live and die by the community. It will be fascinating to see if the project can fulfill the bullish potential that it has been displaying thus far.
Total Supply
5,715
Launch Date
August 11, 2022
Mint Price
Presale – 0.055 ETH
Public Sale – 0.09 ETH
Hello Kitty and Friends NFT
Hello Kitty is one of the most recognizable characters in the world. She’s fearless and loves creating new memories with her new friends. Hello Kitty and Friends “can make you feel fearless, too!” a blog post on its website states.
Rooted in traveling and experiencing new cultures, Hello Kitty awakens an appetite for adventure and friendship without borders. Hello Kitty and Friends World brings the friendship and community of the world’s favorite characters to the NFT space.
Starting August 25th, fans will be able to pack their digital bags and travel alongside Sanrio’s most beloved characters on a globetrotting NFT experience. Hello Kitty and Friends is going to be a 10,000 collection from the world-famous franchise to send the cartoon cat on “a journey around the world” and into Web3.
The collection is going to consist of Hello Kitty and five of her friends. The function of the project will be virtual tour guides and adventures as it is set to feature locales from eight different cities around the world. Fans will be able to mint and collect Hello Kitty characters, then earn new digital collectibles by completing various tasks.
Two tokens will exclusively be available for RECUR pass holders. The details regarding the characters and locations of the NFTs will be announced in its Twitter page leading up to the drop.
Roadmap
10,000 unique profile pictures.
Each profile picture will feature 1 of 6 favorite adorable Sanrio characters in their typical kawaii (cute) style.
Characters can fly to 8 different cities around the world through two week-long challenges.
Team
To launch this project, Hello Kitty (Sanrio) has partnered up with RECUR.
RECUR
RECUR “removes boundaries of fandom”. It builds on-chain branded NFT experiences that allows fans to buy, sell, and engage with digital products and collectibles through NFTs. RECUR is the premier Web3 platform for creating innovative, multi-chain NFT experiences for all, from the world’s largest brands to individual creators and fans. It has already powered Nickelodeon NFT, guiding it to launch successfully. In addition, the Care Bear NFT collection is due to launch on RECUR next soon. It’s safe to say that Hello Kitty is in good hands.
About Sanrio
Founded in 1974, Sanrio is a global lifestyle brand and creator of Hello Kitty. Sanrio is also the home to many other beloved character brands such as Littletwinstars, My Melody, Aggretsuko and more. Sanrio has years of experience in its industry and it has an extensive lineup of around 50,000 products available in 130 countries globally.
Looking at the track record of these two powerhouses, it’s likely that Hello Kitty and Friends will launch smoothly.
Analysis
Bullish case
Hello Kitty is a globally recognised and loved character. There are many die hard fans and enthusiasts around the world (especially in Asia) who enjoy collecting all things Hello Kitty. Hello Kitty has an incredible 2.2 million followers on Instagram and a solid 250k followers on Twitter. This is a huge existing Web2 fanbase. If Hello Kitty are able to market its NFT collection to this audience and make the minting experience user-friendly through education, then it is likely that this will sell out immediately.
The fact that Hello Kitty has partnered up with RECUR makes the likelihood of success far greater. This is because RECUR is Web3 native, meaning that it understands Web3 culture, what works and what doesn’t. For this reason, it is likely that the marketing methods and strategic decision making is going to be relevant and suitable to an appropriate target audience. Therefore, our team at WGMI Media anticipates that this collection will have a successful launch.
Reservations
The potential concerns regarding this project do not stem from the mint, but rather from longevity and sustainability. The mint is highly likely to be successful for the reasons mentioned above. However, one way that it could potentially fail is if Web2 marketing methods are adopted and the existing fanbase is not targeted correctly. Examples of this can be seen in recent failures such as Chris Brown’s NFT project, as well as Liverpool FC’s collection. This is highly unlikely given the fact that RECUR will be responsible for deployment.
The longevity of this collection raises a potential cause for concern. The function surrounds jet-setting and traveling to different cities around the world. In reality, who has the time, resources, or even the desire to participate in such a challenge that will see them moving from country to country for NFTs? While this may appeal to a small audience, it is unclear whether this is something that many people will be able to do or willing to do.
Nevertheless, as there are many Hello Kitty collectors out there, they may simply want to just purchase and own the digital collectible without actually using the additional utility.
Total Supply
10,000
Launch Date
Presale: August 24
Public Sale: August 25
Mint Price
$100 USD
WGMI
Hidden Gem of the Week
Tsukimi
Summary
Premint Raffle Link: https://www.premint.xyz/tsukimi/
- Hyped community-based anime NFT project based on chill vibes and lo-fi music.
- Check out the soundtracks and the vibe behind Tsukimi on their official YouTube.
- The collection is not just another PFP, but a collective experience. Each NFT is unique and is a direct representation/extension of its holder.
- Tsukimi is creating its own metaverse and their lounge will be available for testing in the coming weeks.
What is Tsukimi?
Tsukimi is a collection of 5,555 anime-style NFTs that incorporates a lo-fi vibe. The community of Tsukimi consists of day dreamers, over-thinkers and lo-fi lovers. According to its team, Tsukimi is not a brand – it’s a culture. Each Tsukimi NFT is a unique one-of-one art piece that can be used to represent holders as an extension of themselves. Tsukimi will be releasing its own staking platform which will have P2E and DeFi mechanics that will be available for its holders. }
Roadmap/Utility
Only a brief roadmap has been hinted by the team behind Tsukimi. The team intends to incorporate surreal VR escapes, create exclusive IRL meet-ups, and eventually build their own metaverse down the line in the future. According to the team’s latest announcement, phase one of the metaverse is completed, and in the coming weeks, phase II will start where the the Loft area of their metaverse will be available for testing. The metaverse will be accessible by all devices including web, mobile, and VR, and will be video/chat ready as soon as it goes live. The journey for holders begins at the Loft. A gamified, collaborative, and community-centric staking mechanism that rewards holders and takes them on a journey where holders will build partnerships, unlock governance roles, participate in collaborative quests, etc.
Team
0xJazzHopper: https://twitter.com/0xJazzHopperCREATIVE LEAD, BEDROOM LOFI PRODUCER, AN AVID TRAVELER. & DAY DREAMER! 0xSeoulSurfer: https://twitter.com/0xseoulsurferMARKETING LEAD – GROWTH HACKER, MEGA KRNB FAN, AND SURFER. 0xRoute101010: https://twitter.com/0xRoute101010TECH LEAD, HARD-CORE GAMER, EX-ADOBE, ANIME LOVER & POKEMON COLLECTOR
Collaborations
Tsukimi first made its Twitter debut on April of 2022 so the team has been marketing its NFT project four months ago, and they have been growing their community organically using sneak peeks and various WL giveaways. Initially the giveaways were done strictly in-house, but on July 5th the team started its collaboration efforts with other NFT projects.
Listed below are some of the notable the projects that have collaborated with Tsukimi via cross-marketing WL giveaways and links to their individual Twitter pages:
Analysis
Bullish case
The team behind Tsuikimi has been doing a great job marketing itself and generating hype. The artwork behind Tsukimi is unique and different from other anime projects when it comes to visual aesthetics and the overall vibe of the collection. Tsukimi currently has more than 62.1k followers on Twitter, and for having a maximum supply of 5,555 there is a good chance this collection will sell out during the mint phase and present a good potential flipping opportunity for investors.
Reservations
The anime-meta that was once prevalent in the NFT space several months ago has evolved. The floor prices of both the latest anime projects and previously hyped projects have been struggling lately due to the free-to-mint meta that has been prevalent lately in the NFT space. The final mint price of the Tsukimi collection will be an important indicator when deciding the potential risk vs reward ratio as the project gets closer to its launch date.
Total Supply
5,555
Launch Date
TBA
Mint Price
TBA
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