NFT Weekly Report #38
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Introduction
Starting from this issue (#51, including specials), the featured NFT collection will be the first section of the report, followed by the 1/1 of the week and by a list of interesting NFT projects to watch. Enjoy!
1. Featured Collection: Renga
Launch Date: Sept 3rd
Collection: https://www.gem.xyz/collection/renga/
Twitter: https://twitter.com/RENGA_inc
A few issues ago, I recommended this collection when the floor was 1.3 ETH.
Now the floor jumped to 2.3 ETH (on Sudoswap) and it keeps growing. Last but not least, the art is very beautiful in my opinion. Did you buy it after my recommendation?
SUPPLY DEVELOPMENT
Roughly 7700 items for this collection, so the holders/supply ration is almost 50%. Not bad for sure, this means each collector owns, on average, 2 items.
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
Reaching the 3 ETH floor is pretty easy. Only roughly 75 items left. After that, the 3–4 ETH range is quite thick and it would require quite a high volume to break it. Let’s see.
VOLUME
I think every collection would want a graph like the one below. Pretty impressive growth, since mint. Will it stop a bit in the next weeks?
HOLDING DURATION AND DISTRIBUTION
A bit more than 40% of holders never sold since mint. Given the incredible growth of this collection, this number is pretty impressive, it means these holders really trust this collection and its potential.
At the same time, the number of quick flippers is very low, as you can see below.
BLUE CHIP HOLDERS
The blue-chip potential of this collection is huge. Almost 30% of its holders own a blue chip NFT in their portfolio. A pretty big number, a sign that this collection is gonna be huge.
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, Makersplace, and KnownOrigin.
Name: Lover 2020
Link: https://foundation.app/@Kristina.po/feeling-alive/13
Twitter: https://twitter.com/sabet
Sabet doesn’t need intros. He’s definitely one of the most prominent artists in the NFT space. Lots of artworks available, 1/1s and multiple editions. This one is one of those I like the most, very recognizable style by Sabet and very clean.
I also recommend one of the many artworks resulting from the collaboration between Sabet and other well-known artists.
Unfortunately, this artwork is no longer available for sale, but if you like it, you can try to bid on it.
3. NFT Projects to Watch
Kitaro World Official— Floor 0.18
Collection: https://www.gem.xyz/collection/kitaroworldofficial/
A very interesting collection made in Japan. Beautiful website and a very fascinating story behind it. Also, lots of utilities are attached to it.
Bearytooon Collection — Floor 0.1
Collection: https://www.gem.xyz/collection/bearytooon-collection/
I love small collections. In particular when there is a story behind them and an artist releasing the artworks slowly, not all at once.
Lofi Lofts — Floor 0.056
Collection: https://www.gem.xyz/collection/lofilofts/
What about 5555 strange houses? Launched just a few days ago, pretty big volume.
Flaskies — Floor 0.89 SOL
Collection: https://www.magiceden.io/marketplace/flaskiesnft
Very colourful PFP collection, with volumes growing pretty quickly these days. At the time of writing, there are a few sales per minute. Impressive!
Sidus NFT Heroes — Floor 0.19
Collection: https://www.gem.xyz/collection/sidus-nft-heroes/
Launched in October last year, these characters are part of a p2e game and a metaverse where you can play. Lots of utilities, staking, and more. Doxxed team! Additional info at https://sidusheroes.com/how-to-play
Did you enjoy this issue?
Thanks for reading! Is there anything missing that you would like to see in future issues?
If you would like to suggest something to cover in this newsletter, please feel free to drop me a line on Twitter ;-)
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