WGMI Weekly Wednesday Newsletter
April 27, 2022
NFT of the Week: Moonbirds
Moonbirds is a collection of 10,000 utility-focused PFPs created by the team behind PROOF Collective. Moonbirds feature a diverse and unique pool of rarity traits which grants more value to a particular NFT in that collection, and there are also ‘nesting’ mechanics that grant more perks the longer an NFT is held.
Why Moonbirds is our NFT of the Week
Moonbirds, which had a mint price of 2.5 ETH, reached a floor price of 37.99 ETH just a few days after launch, and it has climbed to the number one NFT of the week with more than 116.9k ETH in volume traded in less than 2 weeks time. Moonbirds’ success was achieved largely due to the team involved (PROOF Collective), and their unique strategy to keep Moonbirds exclusive. By making it a utility-focused NFT, Moonbirds holders are granted access to PROOF Discord which was only previously available for owners of a PROOF Collective Pass Card (with a floor price of 101 ETH). Some channels will remain exclusive to PROOF Collective holders, but Moonbirds holders will gain access to their own set of exclusive private channels.
Moonbirds holders will undoubtedly benefit from the connections made from the PROOF Discord. Besides access to a private Discord group, owning a Moonbirds lets holders obtain various drops and rewards. Holders can achieve bigger rewards by nesting their Moonbirds, which lets the Moonbirds achieve higher tiers and higher nest levels the longer the NFT is held in that wallet. Moonbirds holders will also be able to participate in Project Highrise, a metaverse built by the PROOF Collective.
TL;DR: Moonbirds was successful due to being a utility-based NFT backed by a reputable team with a proven track record. The floor price of their Genesis drop (PROOF Collective Pass Cards) was a good indicator of how well their PFP collection could potentially do, and they ended up doing just that.
Moonbirds in numbers
Mint Price (April 27, 2022)
Volume Traded (April 27, 2022)
Kevin Rose, Founder: Kevin Rose is well-known for his creation of PROOF Collective, a private community which only members can access by holding a PROOF Collective Pass Card which currently is at a 101 ETH floor price. Before jumping to the NFT space, Kevin Rose was also a well-known entrepreneur who was the founder of Digg. He is also an angel investor for Facebook, Twitter, and Square.
Justin Mezzel, Co-Founder & Chief Product Officer: Co-founder of PROOF Collective, Justin Mezzel is an illustrator and designer from Orlando, Florida. He graduated from the University of Central Florida and specializes in digital art, illustration, and UI/UX design.
Ryan Carson, Chief Operating Officer: Twitter-Ryan Carson has been a CEO for Treehouse, Carsonified, and BD4D. He graduated from Colorado State University in 2000 with honors. After working as a Lead Web Developer until 2004, he began his own company, Carsonified, and founded more companies ever since.
Marketing / Community
As PROOF Collective has been very successful given its high floor price, which exceeds 100 ETH, Moonbirds has already made a name for itself thanks to their team.
Moonbirds grant exclusive perks to each holder, which include: access to PROOF discord that will contain information for Moonbirds-related drops, parliament meetups, and real-life events.
Big names like Steve Aoki and Jimmy Fallon are Moonbirds holders, making these NFT even more exclusive and covetable. Unlike other NFT projects, Moonbirds doesn’t collaborate with other NFT projects as they don’t give out any allowlist spots.
PROOF Disord access (Moonbirds channels only): It is not yet clear what utility the Moonbirds channels will provide.
Moonbirds Nesting (staking): Holding for longer will provide more benefits over time.
- Access to future Moonbird-related drops
- Airdrop eligibility
- IP Rights
PROOF of Conference in 2023: Early bird ticket access and discounts for attending the PROOF of Conference event.
Recently Launched Projects
CLAY_ is a fully on-chain 3D generative art project by one of the founders of NANOPASS (Kai, CTO). The NFT artwork displays a clay-like bust that users can interact with and rotate to find the right angle that works for them as a PFP.
Many buyers went into this project hopeful of seeing some big returns for the first week of launch. With its ties to a successful project like NANOPASS and their promise for Clay to become a first of its kind type of project, it’s easy to see why there was so much expectation and hype. Those who minted CLAY had the opportunity for a profitable flip, but only if they were wise enough to move quickly while the floor price peaked around 0.35 ETH. The project gave some buying opportunities for after-market traders that bought in around 0.2 ETH during the first 12 hours after launch. We saw a volume swing to push the floor to around a 0.34 floor and some had an opportunity to secure profits of around 0.1 ETH.
Some buyers were concerned from the get-go when the art preview on OpenSea showed up ‘glitchy’ for people on certain devices. For users with Apple devices, both mobile and desktop, this art glitch showed up in place of the preview art that was originally intended.
At the time of writing this, the preview issue seems to have been resolved with Apple mobile devices but desktop users continue to see the glitch. The team has addressed the issue and has promised to get it resolved ASAP. The floor price has settled now slightly around the mint price at this current time. This is either a great entry into the Nanoverse ecosystem, or a sign that even experienced and successful NFT project founders don’t strike gold every time they create a new project.
Tomodachi AI – How not to launch a project
Tomodachi AI is a collection of 7,777 generative 3D “Tamagotchi” looking character NFTs. This game will be similar to Tamagotchi, but with a play-to-earn mechanic. By taking care of their Tomodachi, holders will be able to receive tokens. The happier your Tomodachi is, the more tokens one could potentially earn.
The Tomodachi AI team emphasized that their focus was on capturing the artistic expression of their Tomodachi as well as the professional execution of their presale and public mint phases. This couldn’t be further from the truth, as their launch turned out to be a complete train wreck. As soon as the mint phase began, it was apparent that there were flaws in the contract which did now allow anyone to mint. Instead of reassuring the community, the team decided to mute every channel on their Discord server which was their fatal mistake. It is a huge red flag if a team EVER chooses to mute their Discord channels (especially during mint). It causes massive FUD for starters, and it’s a complete slap in the face to their community of investors. The critical blunder caused the floor price to drop below mint in under 20 minutes. Once a floor price drops below mint there is literally no reason to mint because: (1) the project is obviously failing, and (2) they’re cheaper to purchase directly on OpenSea. By killing all the momentum within 20 minutes, the team successfully prevented the collection from even selling out 15% of their intended supply, and that was the end of the Tomodachi story.
Total Supply: 7,777 (sold 973)Public Mint Price: 0.12 ETHCurrent Floor Price: 0.06 ETHWebsite: https://www.tomodachifriends.com/Twitter: https://twitter.com/Tomodachi_aiOpenSea: https://opensea.io/collection/tomodachifriends
Loomi Heads is a collection of 5,555 old-school, dark-themed cartoon characters inspired by the cartoon style from the 1930s. Composed of 200+ traits and 10 different categories – this art style has been described by traders as the “Tim Burton of NFTs”. This art is extremely unique, and may even be playing into the upcoming “rubber hose” 1930s art meta that we first saw succeed with the Kreepy Klub NFTs.
Some of the important things to look for when purchasing NFTs are the novelty factor, and whether or not an idea is unique and the first of its kind in the NFT space. The NFT community has seen plenty of 3D art, pastel color projects, thick-lined hand illustrations, digital ape, anime, and other such projects – but this old school art plays into the power of nostalgia, and it feels like something different, exciting, and new.
The Loomi Heads launch had a rocky start. Their mint website launched 15 minutes later than it was supposed to, and it looked subpar when it was finally up and running. Traders described the site as “something a noob could make on Wix in an hour”. Further, when minters connected their wallets to the website it would not tell them if they were whitelisted or not. Another setback contributing to this launch was the Infura server (the infrastructure used to deploy this project on the blockchain) going down for several hours. After about 12 hours of the team working through these problems, those whitelisted were able to mint again. Surprisingly, even after such a rough launch, the floor never dropped below double its initial mint price and continued to hold after mint resumed.
The reveal for this project occurred 24 hours ago, and since the reveal, the project has dropped below its initial mint price.
Total Supply: 5,555
Public Mint Price: 0.066 ETH
Current Floor Price: 0.05 ETH
Upcoming Projects: Bangers
Imaginary Ones has been receiving a lot of attention from the NFT space with over half a million followers on Twitter and still growing. Imaginary Ones are a fully animated collection of 8,888 3D NFTs. It features a full-body character with balloons that substitute their body parts. The team behind this delightful NFT project went with bright colors and a playful art style that could appeal to people of any age. They believed that they could spread love, positivity, and creativity through their art and they have undoubtedly done so with the amount of hype and moment that’s behind this project. The team behind Imaginary Ones is fully doxxed and they have experience working with huge brands like Nike, Samsung L’Oreal, Heineken, and Spotify to name a few.
Clement Chia, better known as CMTTAT (@cmttat 87.4k followers), is an award-winning creative director from Singapore and one of the reasons that this project has attracted many NFT enthusiasts. Like many other successful projects, the artist is one of the main foundations of building a successful NFT project and Imaginary Ones nailed it by pulling CMTTAT as their lead artist.
This is a project where the team has a proven track record, real-life experience, expertise, and the strongest network. Imaginary Ones has managed to collaborate with Phantom Network, Alpha CW, The Parallax HQ, The Habibiz, DWC NFT, and nothing less than the top influencers and projects in the NFT space. Through Twitter, they engage with their followers and manage to get tens of thousands of likes per post. Their website tells holders to expect many future collaborations, metaverse, gaming, apparel, toys, and physical events.
The first phase of the mint (private whitelist) sold out today at a mint price of 0.2 ETH, and the floor price currently sits at 1.58 ETH. The second phase of the mint (public Dutch auction) beings tomorrow at 50% of the OpenSea floor price, capped at 1.5 ETH.
Private WL: 04/27/2022
Public Dutch Auction: 04/28/2022
Phase 1: Presale – 0.2 ETH
Phase 2: Dutch Auction system, 50% OpenSea (OS) floor price, capped at 1.5 ETH. A drop of 0.1 ETH every 15 mins until it reaches 0.2 ETH.
Oddstronauts are a collection of 10,000 astronaut NFTs that are summoned from their home planets and called to the federation. Their mission is to uncover the coveted boba scattered across the galaxy. The team plans to animate all 10k Oddstronauts which will showcase a variety of different species.
Oddstronauts is a project that was started by two friends with a vision to innovate NFT utility. The roadmap is fairly straight forward including merch, IRL events, concerts, collectibles, tokens, etc. Most of the hype around Oddstronauts is art-based. Animation, thick lines, and pastel color 2D art are what tends to do well in the current market, and Oddstronauts fits the part with flying colors. With 86k+ followers on Twitter and 23k+ on Discord, the team shows its prowess in regard to Web3 and marketing.
On March 30th, Oddstronauts released a teaser video on their Twitter of Oddstronaut branded boba tea. Another bullish point to mention is Oddstronauts’ collaboration with Takoa, Doge Pound, Sneaky Ninja Pants, Wabi Sabi, and RyanDCrypto – who are all heavy hitters in the NFT space.
At a very reasonable 0.05 mint price, this project has all the makings of a successful project. Supply is a bit high at 10k, but there seems to be plenty of demand for this project for the time being. Also notable to mention the dev for Oddstronauts is the same dev from Kaiju Kingz, so their mint is expected to go without any major hiccups (although nothing is guaranteed).
May 2, 2022
Skater Birds is a collection of pastel-colored NFTs of cartoon birds riding their skateboards. There isn’t too much information about this project out just yet as we are still incredibly early, but it has still managed to build up a significant amount of hype despite the fact.
Skater Birds promises full transparency, organic growth, no paid promotions, no fabricated hype, and most importantly promoting healthy work/life balance both mentally and physically. Skater Birds is focused on providing value to holders through opportunity and interoperability. Their core focus is to cultivate a group of investors/traders and expand their brand throughout the NFT space. The goal of this group is to provide a place for passionate people to collaborate and get an edge over the market through networking and alpha calls.
Their Skater Birds roadmap includes building out Skater Birds into becoming a larger brand, starting with their very own clothing brand where 25% of all revenue generated from this brand will go directly to all Skater Birds NFT holders.
The team promises that “rather than taking a speculative approach to what’s to come, we will announce milestones once we as a team are 100% certain they will come to fruition.” Lastly, the roadmap mentions “giveaways, raffles, special rewards, collaborations, etc. as the team works on longer-term plans of what is next”.
If the team follows through with all these promises, Skater Birds could become a breath of fresh air for the entire NFT space. The art style fits the current NFT trend, and the project has already built up a lot of hype just from its Twitter presence alone. Their Discord is currently locked/closed, but it opens periodically so it can be a bit tricky to get in. This is a project worth keeping on your radar as they are still in their development phase, and there’s still plenty of time to get in on the action.
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