🔎 Goblintown.wtf is finally doxxed! Is this YugaLabs’ biggest competitor?

What up, family, 👨‍👩‍👧‍👦

Seedphrase Daily here 👋. Happy Friday today the markets are fighting and we do our best to tell you what’s happening with NFTs and Web3.

Today’s estimated research time is 3 hours and 24 minutes condensed into a read time of 2 minutes and 54 seconds. Stay tuned to where we talk about:

• 🥊 Meme projects vs. Blue Chip projects

• 🔎 Goblintown.wtf is finally doxxed! Is this YugaLabs’ biggest competitor?

• 🎉 BE SAFE AND HAVE FUN

🥊 Meme projects vs. Blue Chip projects

On June 8th, Ill Poop it NFT and ShitBeast occupied the 7th and 8th place in the seven-day trading volume of OpenSea. With both projects operated by the same team, only one is currently in the top 7-day volume on OpenSea. Can you guess which one it is?

Ding ding ding, It's ShitBeast! Of course…

ShitBeast is the second generation of Ill Poop NFT. On June 6th, it rushed to second place. They launched with a mint price of 0.06Ξ and have been climbing the floor since then, currently being at 0.56Ξ (883% increase)!

Interestingly enough, ShitBeast has more blue chip holders than Poop, with 317 blue chip holders compared to 148 that Ill Poop has.

What's behind the price surge?

The synthesis of Genesis ShitBeast by two Ill Poop it NFTs also comes with an airdrop of $10,000,00,000 $SHIT. LOL. That's right, in less than a week after the launch of the first generation NFT, the creator decided to offer ERC20 $SHIT in addition to launching the second generation. Also, $SHIT is now listed on the MEXC exchange, which sends the price upwards and triggers a massive discussion on "poop NFT."

Take a shot every time we mention feces.

Full article

What's happening to Blue Chip projects?

Many of them have seen a significant increase in volume over the past week, forcing other projects like Ill Poop NFT out of the top ranks.

Why are they picking up the volume?

In the last seven days, 8/10 top NFT collections have seen a surge in the past 24 hours in volume.

Other Bluechip projects have seen a dump in these market conditions. More specifically, BAYC has dropped below a 100Ξ floor price and is currently at 85.5Ξ.

The buying pressure of BAYC still exists, surprisingly! Investors with major bags are investing in these bluechip projects while the market conditions offer them lower prices! BAYC collection had an all-time high floor price of 153.70. That's a -44.4% decrease in floor value!

What's the lesson here?

Diversify your portfolio because when one sector goes down, another one goes up. And you need to make sure you're finding all possible angles to make money.

Collapse Article

🔎 Goblintown.wtf is finally doxxed! Is this YugaLabs’ biggest competitor?

After a long awaited amount of time, the GoblinTown team finally doxxed themselves! Truth Labs, the creators of Illuminati Collective and The 187, are the team behind the Goblintown NFT project.

he team behind the project takes pride in, "No roadmap. No Discord. No utility" and have reached a point where not doxxing would be "irresponsible".

Full video release

They sound anonymous.

What is Truth Labs?

Truth Labs describes itself as a "collective of creators working in the web3 space."

The 1,000 goblins they set aside "because they wanted to" will be given to the team that helped build it.

The IlluminatiDAO will receive 50 goblins, while the team behind it will receive 50. The remaining 900 will be raffled off to holders of existing Truth projects at a rate of five per day for the next six months until all remaining goblin NFTs are distributed.

Since then, they have launched the Illuminati NFT project, which is currently at a floor of 0.6Ξ. Could this be the next blue chip? NFA

Given their execution on Goblintown, do you think Truth will be YugaLabs' next competitor?

🎉 BE SAFE AND HAVE FUN

If you're attending NFT NYC, keep this in mind while exploring!

1. Don't wear NFT swag/merch outside of events or the venue. Seriously, ordinary people know BAYC too and will try to mug you. This has already been happening heavily in the general crypto space.

2. Do not tell anyone your hotel room number. Do not tell people where you are staying. Put anything electronic you're leaving at the hotel in a safe. Ensure you don't accidentally show your hotel key when opening your wallet.

3. Leave your valuables at home, in a cold wallet. Do not bring your valuable NFTs to NYC. Leave them at home, in a cold wallet or hardware wallet.

4. When you connect to the internet, use a VPN. Do not use public wifi, use your phone data as a hotspot (not advised), and still connect with a VPN. Do so only in private places.

5. Make sure you exchange numbers with people you will be traveling to or at the event if you run into an issue or need assistance. It helps to have trusted contacts you can reach out to.

Hope to see you there!

NewSeeds:

Tag Heur to allow users to display NFTs on watches. At least it's something 🙏

Elon Musk struck with a $258B lawsuit over Dogecoin ‘pyramid scheme’. We will update you guys… 🤓

Opensea moves toward Seaport protocol cutting gas fees. Who's excited? 😏

That’s a wrap! Do you guys think that Truth could be the next competitor that rivals Yuga? They seem to be the only one doing something different right now.Make sure to follow us on Instagram and Twitter for more up to date content! If you’re pulling up to NFT NYC next week let us know!

See you next week! ✌️ 💎

Meme of the Day

Disclaimer

None of this is financial advice. This newsletter is strictly educational and is not investment advice or solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research!