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Mar 29 • 22 tweets • 21 min read
Weekly NFT Juice (21st Mar - 27th Mar)

NFT Market REVIVED!

Never Seen Before Results Since 6 Weeks Ago!

A look at this week's NFT market🧵
1a: Past 8 week's performance (@opensea only)

This week we're almost back at $1b Transaction Volume!

The last time we crossed over $1b volume in January, we enjoyed 8 weeks of NFT bull-run.

Will it be the same this time? Stay tuned for next week's report. Image
For the 1st time ever in 6 weeks, we have a positive week-on-week increase in ALL 3 metrics!

• Transaction Volume +15.66%
• No of Transactions +40.87%
• Avg. Daily Users +6.34%

We're back in business folks 😎 Image
But it is worth noting that Avg. Daily Users did not increase proportionately and we're not back at levels seen during the Jan-Feb bull-run

This could mean that bigger players are the ones participating and smaller retail players are still on the sidelines.
A more detailed breakdown of the week shows that the momentum of all 3 metrics is pretty strong heading into the next.

Here's hoping the next would be even better! Image
1b: @LooksRareNFT

LR's volume as a % of OS for this week > previous week

• 84.6% vs 77.3%
• LR outperformed the general market slightly Image
Last week's potent hopium worked - LooksRare's organic metrics (filtered for wash-trades) has been improving since 10th March and has been sustainable thus far.

Congratulations to our Web 3 fren! ImageImage
As LooksRare continues to improve (and OpenSea becomes more censored e.g PudgyPenguin incident this week), I expect more users to prefer decentralised ones like LR.

However, new competitors such as @universe_xyz and @blur_io will also compete for market share.
IN THE VERSE!

All things happening in Web 3 space

2a: @BoredApeYC & @yugalabs

• Reportedly raised $450m led by a16z


• List of Investors


-end-
2b: @gemxyz

• Safety Mode Live


• Integration w/ @the_x2y2


• Integration w/ @universe_xyz


-end-
2c: @decentraland

• Kicks off Metaverse Fashion Week #MVFW

• Launches new Luxury District


• Launches Emote NFTs


and more, check out their Twitter Page!

-end-
2d: New Launches / Partnerships

• @universe_xyz NFT marketplace Beta live


• @geniexyz Genie 2.0 launched


• @LooksRareNFT new function to mint NFTs using @manifoldxyz
• @monaverse partners w/ @AsyncArt


• @whatsyouryat launches Magic Mirror & Gems


@element_fi launches Elfiverse, collection of 5000 NFT
2e: Raises

• @FTX_Official's acquires @StorybookBrawl


• @Ultiverse raised another $5m from @BinanceLabs


• @usecyan Buy Now, Pay Later service for Metaverse raised $100k from @animocabrands
2f: Honourable Mentions

• @nyanheroes sneak peak


• Doxxed founder @0xJackShi abandons @neonexus_world


• @Loopifyyy's thread on how to launch an NFT project
• @veve_official marketplace down after hack


• @CakedApes team members internal conflict, sues each other
• @JavierAng_'s thread on @AnataNFT


• @theBlockcrunch podcast episode w/ @richardchen39 "Think & Invest like an NFT Fund"
Over The Bridge

Web 2 Co. & Celebs entering the space

3: Investments / Entrance

• @theweeknd & Will Smith invests in @Everyrealm


• 88rising co-founder @jaesonma announces $100m Culture Catalyst Initiative w/ @avalancheavax & @Grimezsz
• David Beckham plans to release own NFT collection


• Reddit hiring for new NFT marketplace


• @caafoundation signs with @coolcatsnft
• Ukraine announces NFT Museum of War @Meta_History_UA

• US DOJ charged 2 person for NFT money-laundering, first time NFT rug-pull scheme receives legal repurcussions
That's all for this week folks. Hope this compilation helped you catch up with the latest news.

If this has been helpful, do give it a retweet to help others & follow me @JavierAng_ for more weekly updates.
h/t
@hildobby_ for the Dune data

@mrjasonchoi @theBlockcrunch @Darrenlautf @TheSpartanGroup @richardchen39 @arca @ArcaChemist @punk6529 @calchulus @Arthur_0x @MapleLeafCap @CozomoMedici @DeezeFi

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More from @JavierAng_

j Profile picture
Mar 26
@AnataNFT is a limited 2,000 NFT project that’s making headway to take Virtual Identity in the Web 3 world to the next level.

A thread on how I'm approaching this project.

Disclaimer! I'm just sharing my thoughts and in no way shilling/fudding.

All love to the founders ♥
WHY I'M EXCITED

There are plenty of long threads out there explaining their bullish views so I shall give you my short take:

@AnataNFT is the newest and its innovation is 1st of its kind in the Virtual Identity vertical of the NFT world.
We've seen Virtual Identity take the form of:

• PFPs (Punks, BAYCs, Clones, Azukis)
• Playable Characters (SandBox, Decentraland, ChillChatme)
• A bit of a stretch here.. ENS domains / Yats
Read 23 tweets
j Profile picture
Mar 18
GP of @1confirmation and Dune wizard @richardchen39 was kind enough to hop on a 1-hour call with me

Many takeaways but here are 2 that I think you should know!

Short thread 🧵:
1. Invest in Missionary-like Founders, not Mercenaries

MISSIONARIES have a vision for the future and are passionate about revolutionizing the crypto space.

They aren't as bothered by coin prices and will continue building even when all odds are stacked against them
MERCENARIES are the opportunistic builders trying to take advantage of the bull market.

They value short-term profits and aren't committed to the long-term success of their project - when shit hits the fan / there's better opportunity elsewhere, they'd jump ship 🤮
Read 11 tweets
j Profile picture
Mar 17
Weekly NFT Juice (7th Feb - 13th Mar)

5th Consecutive Week of Decreasing Transaction Volume

Can @YugaLabs' acquisition of @LarvaLabs spark a revival?

Let's take a look 🧵
1a: Past 7 weeks' performance (
@opensea
only!)

Volume decreased even further to $600m level 😥

A 14.43% decrease, compared to previous week.
Some hopium for y'all!

Despite poor performance in the 3 metrics,

• Decrease in Volume is lesser WoW (-33.14% vs -14.43%)
• Decrease in Users is lesser WoW (-14.06% vs -9.83%)

Though not as important as positive nos, nevertheless still sign of life & step towards revival 🤣
Read 18 tweets
j Profile picture
Mar 14
The NFT space is so vast that it can be daunting.

To help you navigate better, I created an overview of the General NFT / Metaverse vertical and sorted them into their respective layers & groups.

I also explained them in layman terms for you.

A thread 🧵 Image
1a: BlockChain / Asset Layer

The complicated but secure ver. of an Excel sheet that functions as a database that records data of all assets (type & rules), transactions and balances.

It's the backbone that enables the Web 3 economy to operate. Image
1b: Metaverse Substrate

The foundation Metaverses are built upon.

Imagine being in a fantasy world, where you get to own land and create experiences (or explore those created by others), interact with people and engage in different activities. Image
Read 19 tweets
j Profile picture
Mar 7
One for All - Episode 2

Log of my reflection and lessons learnt 1 month into my internship w/ @mrjasonchoi and being on Twitter.
Lesson 1:
Distribution is important, but Quality of Content is more important

My threads underperform the supposed engagement of all the distribution power I'm getting e.g @mrjasonchoi's retweets, @Darrenlautf's The Daily Ape feature and other friends that retweets.
Ironically, my 0 effort @tubbycatsnft tweet w/ 0 distribution help performed better (in % terms) than my Weekly NFT thread w/ hours of effort + distribution help.

Maybe I'm just more talented at memes 😭
Read 10 tweets
j Profile picture
Mar 3
Weekly NFT Juice (21st Feb - 27th Feb)

NFT Bear Market Is Here?! 😭
3rd Consecutive Week of Decreasing Transaction Volume

Let's take a look 🧵
1a: Past 7 weeks' performance (
@opensea
only!)

Transaction Volume has made another new low (since start of 2022 NFT bull-run)

Compared to the previous week, Volume DECREASED by 4.30% Image
But! There are some signs of life

• Volume decrease is lower (-4.30 % vs -18% prev)
• Transaction increasing, albeit slowing down (13.19% vs 17% prev.)
• Users increasing (4.69% vs -0.33% prev)

If this continues, we could see a reversal in NFTs despite macro uncertainty Image
Read 25 tweets

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