With the #Solana NFT market getting crowded lately, I decided to go over 120+ upcoming NFT projects in the space and analyze ALL of their roadmaps.
Most of the roadmaps are very similar - but some are quite unique.
Here are some themes and insights from my research 🧵
Theme #1: Deflation/Burning
With the hype and success of @DeGodsNFT, it seems some projects were taking notes. Almost 5% of the roadmaps that I looked at mention burning their NFTs to reduce supply!
With the enormous success of @mmccsolana, @PiggySolGang and @Danuki_Dojo, it seems that future projects are taking note. 10% of the projects that I looked at mention royalties in their roadmap.
Can passive income via NFTs become a thing or is it a fad?
I've seen this term thrown around a ton in the roadmaps (13%).
There'll absolutely be a day where all our digital words interconnect in the metaverse, but that is a long time away. I don't think this should be a main selling point.
Thoughts?
Theme #11: Merch + IRL Figures
I think this is actually an underrated concept. It's essentially a way to transfer digital status into physical status.
I can see a world where @BoredApeYC apparel hold the same status as wearing Supreme branded apparel etc.
- And that's all I have for today.
I've looked at over 120 projects but obviously I've still missed tons.
Let me know some of your favourite upcoming NFTs with unique roadmap items!
"NFTs are in a bear market right now because the price of #Solana is going up"
But is this actually true? Are the prices of NFTs actually inversely related with the price of SOL? Or is this just cope / copium?
I did a *VERY* rough analysis to find out👇
How?
1) I tracked the avg sale price of 6 random NFT collections everyday for the last month 2) Calculated the % change in their avg prices day-to-day 3) Took the avg of the % changes and aggregated into 1 data set 4) Plotted it against the % change in the price of SOL
Graph 👇
Graph results:
- A rise in the price of SOL is often accompanied by a drop in the price of NFTs. You can see this pattern quite beautifully in the graph where the blue peaks correspond with the red dips and vice versa.
- Correlation is NOT perfect => this is not the whole story!