📝 Here's why NFTs have succeeded

What up, family, 👨‍👩‍👧‍👦

Seedphrase Daily here 👋. We do things that the others cant. Make you come to your senses. 

Today’s estimated research time is 4 hours and 7 minutes condensed into a read time of  3 minutes and 13 seconds. Stay tuned to where we talk about: 

• 📝 This is why these NFTs have succeeded

• 🎉 Salesforce announces NFT Cloud Platform! 

• 🎬 Nickelodeon’s first NFT show!

• 🌱 NewSeeds 

📝 This is why these NFTs succeed

Weekly Project analysis!

This week the project We Are All Going To Die has been holding a floor price average of 1Ξ.

There seems to be a common denominator to projects that thrive on OpenSea; do you notice it? We’ll break it down for you. ✍️

Power of Blue-chip holders

Currently, 29% of the supply is being held by blue-chip holders. On top of that, there are 25 whale wallets (people holding $1M+) holding at least one of We Are All Going To Die! 

With a high percentage of whales and blue-chip holders, it can be seen as a green flag for other investors. Them being invested in a project brings tons of demand, and with large backs attached to their name, people find them a reliable source for future investments. 

Why is there a limit to the amount of NFTs for sale? 

Currently, 1,040 out of 6,700 ‘We Are All Going to Die’ NFTs are listed for sale, meaning that less than 16% of the collection is available. 

Approximately 311 are listed below a 2.5Ξ floor, and only about 668 are listed below 4.5Ξ.

A strict supply is a bullish sign for the project because it means the community is strong and believes they’re in it for the long term. Notice how the high amount of Blue-Chip investors also factors into this. Unlike most degen investors, whales can hold NFTs long-term because they typically don’t need the money immediately. 

The importance of demand

There have been 434 ‘We Are All Going To Die’ NFT sales in the last 24 hours and 23,564 sales in the past seven days.

We can all agree that ‘meme’ projects thrive when demand is high. The demand is based on the amount of hype the project can bring in through social media, celebrity investors, etc. 

High demand also creates a subconscious feeling in new and inexperienced investors called FOMO (Fear Of Missing Out). 

The SeedPhrase team doesn’t recommend ever to FOMO into a project because there’s usually no plan, and you’re acting on emotion. There should always be a reason behind an NFT purchase with a short or long-term plan, so you’re not left with the scraps.

Seeing Goblintownwtf pump from a free mint to 8.3Ξ shows that NFT collections with no utility or road map can skyrocket up and DOWN. Anything can happen in this space. The big question is, how far can We Are All Going to Die go? We’ll be keeping an eye on it and see what happens.

For more tips gain access to our NFT flipping ebook free to download once you refer one friend to this incredible newsletter! (scroll down) 

🤔 What’s the controversy over the new SalesForce NFT platform?

If you didn't know, SalesForce is a company that helps other companies grow via CRM, working with companies like Best Buy and TouchBistro, to name a few. Recently they've announced their new NFT Cloud platform. 🎉

What can we expect? 

Expanding into the Web3 space, their new offering is currently a closed pilot. They look to help businesses of all sizes explore whether or not NFTs can be the right decision for them and provide the necessary services to start expanding into the space. 

The platform will allow users to mint, manage, and sell NFTs directly on the Salesforce Customer 360 Platform and "securely connect customer data to gain a 360-degree view across a customer's physical and digital worlds".

Nothing new can be done without a bit of controversy. What are these rumours about? 

400 Salesforce employees reportedly signed an open letter opposing its plans, arguing that getting into the space raises concerns over its ethical and environmental impact. 

The ethical concerns were the number of scams and fraud in the NFT space. Salesforce's CEOs had, among other things, floated plans for an NFT Cloud, which would help users create and host NFTs for sale, rivalling platforms like OpenSea.

The company also received tons of concerns about cryptocurrencies' negative environmental impact, especially those using Proof of Work. After the concerts arose, the Salesforce NFT Cloud will not support PoW blockchains, which create tons of significant electronic waste.

NFT Cloud pilot will automatically calculate blockchain options carbon emissions, allowing the user to offset the emissions through trusted, high-quality carbon credits.

Boom, all cleared. Bullish! 📈

Full article 

🎬 Nickelodeon’s first NFT show! 

The journey towards the Metaverse has taken a strange new turn. As young adults increasingly turn away from the Metaverse and its various scams, it has now aimed at a much younger audience. 

The show will be built from the ground up to use Web3 extensions, although it will first launch in Web2 form (where we are now). It will be the first show of its kind to "allow the community to contribute to the IP" through "first-of-its-kind NFT and content for kids' projects." 

As Web3 is still very new to all of us, it's interesting to see how networks target different audiences to see how they will react to the Metaverse. Do you think this is the start of a huge change? 🚛

Resource

NewSeeds:

Felix capital raises $600M for Web3 investments. That’s a lot of cheese. 🧀

VeChain has announced a $100M sponsorship with the UFC. Maybe fighters will get a better pay. 💰

Hollywood actor Anthony Hopkins has adopted his own ENS. ENS still going 👀

That’s a wrap! Do you think this is the start of a new type of Hollywood? If a big franchise like marvel were to do a movie or show it would be huge! Woin Woin, this is the last email of the week so make sure to follow us on Instagram and Twitter for more up to date content! And If you’re looking to find early opportunities to make money, tune in daily! It only takes 5 minutes. If you want to learn more, read our eBook for free if you refer one friend! (scroll down) 

Enjoy your weekend! 

See you folks, back on Monday! ✌️ 💎

Meme of the Day 

Who would have thought 

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!