NFT Weekly Report #37
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1. NFT Projects to Watch
8th Wonders — Floor 0.03
Collection: https://www.gem.xyz/collection/8thwonders/
Very colourful NFT collection by artist 8th Project. I love it.
Poobs — Floor 0.14
Collection: https://www.gem.xyz/collection/poobs/
Not really sure what those items want to represent, but I take for granted it is something related to the war…
Feeling Blue Planet — Floor 0.15
Collection: https://www.gem.xyz/collection/feelingblueplanet/
A small collection of 152 beautiful “blue” items by artist Lemonnerd. Handmade, all 1/1s. Love this type of “exclusive” collection. The same artist has some very exclusive 1/1s for sale on Foundation, too.
RadCats — Floor 0.91 SOL
Collection: https://www.magiceden.io/marketplace/radcats
Crazy low price for a very promising NFT collection on the Solana blockchain.
DISCLOSURE: I just purchased an NFT from this collection.
Emoheads by Javirroyo — Floor 0.011
Collection: https://www.gem.xyz/collection/emoheads/
Very beautiful collection, love the art. Definitely something “new” in the NFT scenario. For the records, I just purchased an item.
2. 1/1 Artwork of the Week
This is the section where I recommend the best 1/1 artworks I come across on the various 1/1 marketplaces, in particular Foundation, Makersplaceand KnownOrigin.
Name: Unity
Link: https://foundation.app/@Kristina.po/feeling-alive/13
Twitter: https://twitter.com/Kristina__po
A beautiful and colorful artwork, part of a bigger collection called Feeling Alive. Love the colors! Unfortunately, this item is not for sale, though. I recommend looking for more artworks from the same artist on Foundation.
3. Featured Collection: Emoheads by Javirroyo
Launch Date: Sep 19th
Collection: https://www.gem.xyz/collection/emoheads/
Twitter: https://twitter.com/EmoHeadsNFT
Finding something unique in the #NFT space, in particular when it comes to PFP collections, it’s definitely rare nowadays. This fully animated collection fits perfectly in that group, being something never seen before.
The collection comes from Javirroyo, an artist from Spain, who claims their goal is to “make the world and the metaverse more human, connecting people’s lives through emotions.”
GM FAM! Keep Calm. Be Happy. @EmoHeadsNFThttps://t.co/6qf1QOJ8nE
The current floor price is 0.011 ETH, very affordable.
SUPPLY DEVELOPMENT
It’s a classic 10K items collection. This is good and bad because given the bear market, probably the supply is a bit too large and this will affect volumes and the floor price. I would have wanted something a bit more “exclusive”.
The holders/supply ratio is very small, roughly 25%. This means the collection is in the hands of a few collectors. This is usually not great, but this collection is new (less than 1 month old) and there is plenty of time to improve that.
NOTE: the higher the better. It means that the items of the collections are not in the hands of just a few collectors.
FLOOR THICKNESS
Most supply for sale is priced below 0.05 ETH. This collection has been featured by OpenSea in the past few days so this could definitely improve this distribution and increase the floor price.
VOLUME
It’s a new collection, the volume was very good in the first few days then went down and now is growing again thanks to OpenSea featuring it. So far so good.
HOLDING DURATION AND DISTRIBUTION
It’s interesting to see that more than 40% of holders never sold since mint and a total of almost 80% are keeping their assets for more than 2–3 weeks, that is almost “since mint” given the collection is 20 days old. This is a very good indicator, meaning collectors are buying to keep and not for a quick flip.
BLUE CHIP HOLDERS
A collection for the casual holder? The number of blue chip owners is VERY low, less than 3%. This does not mean anything actually and it’s not a sign of future success or failure, but it’s always an interesting parameter to monitor.
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