March 2021 is slowly coming to an end, but what a couple of months it has been for the unstoppable NFT world!
The Giant | NBA Topshot
The whole NFT space has literally blown up over the last two months and we have #nbatopshot to thank for that. This NFT 'game' is by far the biggest in terms of daily USD traded, but even more importantly: also in terms of active accounts, their discord channel now has over 278k people in it and I think that these days the size of a Discord channel is a more than a decent indicator for how successful a project is and what the future can bring.
NBA Topshot is so successful that they had to develop a drop system for new packs, where everyone gets a random place assigned in a queue until the packs are sold out. There was a drop a couple of days ago and I got spot 94239 in the queue and unfortunately I ended up not getting a pack. That did mean that they sold 40k packs in about an hour or so, at 229 USD.
That means 229USD times 40000 = 9.16 million USD
By the way, as we speak I am trying get a new cool cats pack.
My position is 241567, there are 67500 packs available, needless to say I won't be getting pack this time...
There are over 300k users in the waiting line.
The demand for this is just insane right?
The Surprise | Ben Mauro's Evolution
Ben Mauro's packs will be able to be opened this Wednesday and sold on the VIV3 market. The retail value was 2 million USD and sold out in minutes. The mint number will be very important and randomly assigned. I have 3 common packs and really hope to get a 888 mint number.
People are estimating the market value to be 10 to 100x as much, meaning 20-200 million USD.
The Biggest | Beeple
A collage by American artist Beeple has become the most expensive digital image ever, with the blockchain-verified artwork fetching over $69 million at auction.
The artwork, titled Everydays: The First 5000 Days, was listed by Christie's on February 25 for only $100, becoming the first purely digital artwork backed by a non-fungible token (NFT) to be put under the hammer by a major auction house.
The Future
It is hard to say where this all will lead to and every day I discover more and more NFT projects, of which the majority will probably fail long term, but I also regularly come across projects that innovate and have a big potential to thrive. I have a lot to write about, expect more posts about some gems that I recently discovered.
Let me know in the comments which NFT projects you follow or are most excited about.
Also Curious?
I go where curiosity leads me - these days that's crypto in general and more specific NFT's - Gaming - Defi
Follow me to get a personal perspective on new and upcoming ideas and projects in the crypto world.
Projects I am currently super excited about:
- Doctor Who - a trading blockchain card game
- Splinterlands - fun and fast trading blockchain card game
- NBA Topshot - collectible trading game
- Cubdefi
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Man I’ve missed the last 4 drop packs. Looks like I’ll miss this one by just a few thousand people.
Good luck.
Yeah same here, can't get into a drop pack anymore it seems. Better luck next time!
This entire NFT hype still blows my mind how much money is being thrown at it while it is so likely that nearly all of them will end up as worthless jpegs. I certainly see them serving a real use case especially when it comes down to royalties and in-game items over time.
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Crazy right? And to think that I only named a few, I did not even go over the ridiculous pixel art craze that is happening as we speak, AI generated pixel images that a child could make and are being sold for multiple eth.
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