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Making money just by keeping up with news
What up, family👨👩👧👦,
Seedphrase Daily here 👋, where we try to provide you with as much value with less time than it takes to wipe yourself.
Today’s estimated read time is about 6 minutes and 21 seconds. Stay tuned to where we talk about:
💸 Making money just by keeping up with news
🎶 Chainsmokers lets people buy NFTs with no Web3 experience
🎥 Coinbase wants to bring Web3 movies to life
🙏 GamestopsNFT’s first tweet!
👨🏫 How to hunt for profitable NFTs Hunt Profitable NFT Projects
Making money just by keeping up with news 💸
The debut of the Jenkins World will be a fictional novel unveiling the tales and mysteries of the Bored Ape Yacht Club. They are titled Bored + Dangerous, which will be written by 10x New York Times bestseller Neil Strauss! Using the $12M funding to contribute to 6 new job positions for the project to help them build and scale even quicker!
What did this do to NFT activity?
As significant news drops in the NFT space, depending on how good the news is, the NFT activity for the project will significantly increase. In this case, we saw the Jenkins project double in volume once the news is released, making the floor price go from 1Ξ to 2Ξ in under 24 hours!
"ok, so how does this correlate with the title? Did you just clickbait me?"
WAIT
I'm getting there. Ok,
How can this give you value?
As you continue your journey as an NFT trader, you start to notice patterns with news and hype. Good news will drive hype, just like we saw in this project! This is an example of Supply and Hype (we talked about at the end of this email). The hype causes people to Ape, creating more demand, inflating the floor price and driving volume to new highs.
The lesson here is that if you know your favourite project has upcoming news (partnership, airdrops, video game, burns etc.) and meets up with the hype, we are more than likely going to see volume pick up and make the project worth even more! As NFT traders, we can utilize this opportunity to either trade the floor price inflation. But keep in mind that this is a very risky way of trading NFTs, and there are many different ways.
Chainsmokers let’s people buy NFTs with no Web3 experience🎶
The Chainsmokers are best known for catchy hits like "Closer" and "Paris," but they have also made a name for themselves as Web3 innovators. The latest example comes with the release of their new album "So Far So Good," which will include a drop of 5,000 NFTs that will let fans share in 1% of the royalties.
The album drops this Friday, and the NFTs will be given out a few days later, on May 17. In order to distribute the NFTs, The Chainsmokers are relying on a platform called Royal, which uses the Polygon network, and is behind the recent NFT drops of Nas and other prominent artists.
To buy it, you don't need any Crypto knowledge!
The Chainsmokers have arranged to release the NFTs in a way that doesn't require any knowledge of Web 3. Beginners can ask Royal to create a wallet for them and rely on the website to display and store it. But the fans who do understand crypto can receive the NFT directly to their wallet.
Why is this important?
This is the first project that's introducing NFT royalties for their music release! Yes, you heard that right, now, being a fan of someone's music can make you passive income in the long run. The future of Web3 creates win-win opportunities. Do you think we will see a shift in the music industry with artists wanting to drop their singles/albums NFTs?
Coinmarketcap wants to bring Web3 movies to life🎥
Following the music industry, sectors and firms are finding new ways to adopt Web3 in innovative ways by bringing movies to Web3!
Coinmarketcap teases Binance CEO in a tweet at potentially introducing Web3 movies, which would completely disrupt the cinema industry!
Now imagine a new Avengers movie dropping as an NFT! The market would go wild with mainstream eyes watching. We will be sure to update you if anything like that comes, so stay subscribed and share with your friends!
GamestopsNFT’s first tweet!🙏
GameStop plans to launch its own marketplace for NFTs and is co-creating an "up to $100 million" fund for game developers who use it. The new GameStop NFT marketplace is supposed to launch later this year. It's built on Immutable X, a platform running on the Ethereum blockchain.
GameStop plans to launch its own marketplace for NFTs and is co-creating an "up to $100 million" fund for game developers who use it. The new GameStop NFT marketplace is supposed to launch later this year. It's built on Immutable X, a platform running on the Ethereum blockchain.
How to hunt for profitable NFTs Hunt Profitable NFT Projects👨🏫
Otto Suwen
The next Twitter Account you should follow is @Otto Suwen, and it is literally on fire. And for a good reason. This account has a lot of interesting projects that are worth checking out. It is almost like he is always on Twitter and never sleeps. He also has an NFT portfolio estimated at a few million, which makes this guy a verified whale.
Alex Becker
Alex Becker (@ZssBecker) is among the best Twitter accounts that can provide you with the most important and relevant information on NFT Projects and metaverse. Through his Twitter account, he discusses the latest NFT Projects, their cons & pros, and how to read them. Like in one of his tweets, he said, "DEAR NFT PROJECTS: Here's how we solved gas on a MASSIVE drop," and then he explained how to do it. He is the game maker of - "NEO Tokyo City," which he has converted into an NFT Project. Do you know what it means? Alex Becker understands the market very well, and he can provide great opinions regarding how to invest your money.
Jrny Crypro
The Twitter account - Jrny Crypto runs its own NFT Project with the name "Jrny NFT Club". With a gigantic following of around 745K followers, you will have a good time immersing yourself in future sets, exclusive NFT videos, private community access, and an early opportunity to partner with hotshot NFT projects. Jrny Crypto offers exclusive knowledge and educational content to its followers for disseminating money-making opportunities on NFTs.
This account will help you to get an idea about how the market may move in the future, as he did in one of his tweets - "Pay close attention to the NFT projects that were held up during the NFT dump. These projects will likely blast off during the next surge of demand." on Oct. 20, 2021. So, you can understand now how profitable it is if you connect with this account today.
Moe.Eth
@Moe.Eth is a hyperactive Twitter account with more than 25K Tweets to date and is dedicated to providing the latest information on everything happening around the NFTs every single day. The content shared on his Twitter is always well-researched and provides actionable insights to the users for informed decision-making. A great place to start if you are looking to immerse yourself completely into the money-making world of NFTs.
Lastly, (shameless plug) Seedphrase Daily!
As you guys should know already, @seedphrasedaily is the #1 place to find the latest news and topics about everything NFT. We send out five emails each week containing information we find valuable in our own NFT journey! To add on top of that, WE ARE COMPLETELY FREE (for now), so make sure you take advantage while you can😉
Time to garden:
79% of votes are in favor of DO Kwon’s proposal to create a new chain for $Luna without $UST Will this crash again? 😭
Argentina brings crypto education to schools. 10 years later, Argentina will have the most sophisticated society (kidding, unless…) 🤩
Ledger will launch support for users to connect their wallets to Web3 apps. Does this defeat the purpose? 🤨
That's a wrap for today! What big franchise movie series do you think will come into Web3 first? My bet is on fast in furious. Those guys are always grinding and finding ways to make some bread. Maybe the family will go into the metaverse next…but who knows. Also, make sure to follow us on Instagram and Twitter if you haven't already! Enjoy your weekend 🎊
With that being said,
See you Monday. ✌️ 💎
Meme of the Day
From bust down to taking the bus down 😥
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!
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