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- 🚀Viral protest turns into million dollar NFT collection
🚀Viral protest turns into million dollar NFT collection
What up, family, 👨👩👧👦
Seedphrase Daily here 👋. We are the crypto heros you need, not want. A lot of superhero references this week. 🧛
Today’s estimated research time is 6 hours and 23 minutes condensed into a read time of 4 minutes and 50 seconds. Stay tuned to where we talk about:
🚀From viral protest to successful NFT launch
👨🏫How to find profitable NFTs
🥊Short term volume drop vs. Long term growth
🌴Planting Plays
🚀From viral protest to successful NFT launch
What started as a sociological marketing scheme disguised as a "protest " now turned into a million dollar collection. During NFT NYC, the Adam Bomb Squad had a mob of protesters rush their pop-up shop with signs saying "GOD HATES NFTS" and "CRYPTO IS A SIN" (acting as Karens) to bring awareness to the space.
With every trend, someone is out there, making money off it. 💸
Enter: God Hates NFTees
The collection of 5022 NFTees was a free mint based on the viral event that took place a few weeks ago, launching with no roadmap and "discord just for troll." The art looks inspired by Rick and Morty and has various versions of Rick holding signs saying lines inspired by the protest.
Bringing the same trollish energy as Goblins, the website is minimal as well. Only including a landing page with short paragraphs that "explains" what/who they are. 🤔
What are they?
They introduce the founder as a 67-year-old man named Mr.Peters. He says, "GHNFTees is a collection where the scoundrel, the informal and the trolling predominate, but always with ethics."
GHNFTees is a community governed by DAO where holders get access to a private discord that's supposedly a challenge for members to remain in.🤺
Also, claiming that a Roadmap is useless "especially when you are not going to comply with it; why over-promise when we get up every day, set ourselves a community goal and carry it out as we fucking want."
Who are they?
The other staff of the team include the COO named Robert, a single 64-year-old man living with his mother, the CTO, a Bolivian YouTuber he met through a tutorial that had 184 views and the CMO, who's an ex-drug dealer from his neighbourhood. Solid lineup 😂👏
These people took quick action on an opportunity, and it paid off. Since launch, the floor has increased to 1.5Ξ with 2.3kΞ trading volume, almost 150x if you bought the first day!
Why should you know this?
This is proof that there is still money to be made in the bear market. You just need the proper guidance to spot it!
WHY ARE WE COVERING THIS-> to help you navigate the bear etc
👨🏫How can I find opportunities and proper tools to assess risk and make money?
Good question.
Here are some tips from your reliable crypto friends at Seedphrase:
🌟Twitter -Twitter can give you a good idea of where a project could go, based on who's talking about it and if that volume translates to OpenSea. This is where most communities are formed and a place where you can get first-hand information. One of our favourite accounts is @NFT_god. He gives his unique perspectives and in-depth knowledge of crypto. Check him out! Another Twitter resource is @free_mint_bot, a self-explanatory name.
Uniq.cx - This website has many excellent features that Opensea doesn't have. Here you can see the break-even price and access a candlestick chart connected to the Floor Price! This is important to figure out the floor and resistance of the project's floor to assess when is a good time to buy in or sell.
Nftgo.io - Another website with bonus analytics on NFT projects such as transaction/liquidity chart and holders/traders chart that are useful when vetting the legitimacy of a project, making sure everything adds up.
Our Free EBook - contains information you need to start making profits. Get it here.
Experience - Nothing comes without putting in the work. After the first few projects you invest in, you'll develop a sixth sense that'll tell you if the project is a rug or can make you money. It's a numbers game, you can lose $30~(for gas) nine times free minting, and the last one could be the 100x you want.
More experience = more money. 🧮
One key thing to note, a lot of these are based on luck and amount of opportunities you’re exposed to. At the end of the day, your goal is to position yourself in places of opportunity to enable yourself to get lucky. Scroll NFT twitter relentlessly, looking for creativity, uniqueness and community strength.
Keep up; the slow get left behind. ⏩
🥊Short term volume drop vs. Long term growth
If you're not hurt about your wallet being down 80%, you're probably a psychopath, or you understand that this is just a little pullback before we can make room for more growth.
Here's a quick article that explains where we are now. It's not pretty. The monthly NFT marketplace volume is as low as ever, falling 94% since the beginning of the year, keeping everyone in panic, speculating where the market could go.
But if we just zoom out a bit 🔍, we can see the long-term growth of the industry.
This article talks about the future of the NFT sector but has a bunch of big words you might not want to go through, so we summed it up to a few points:
The NFT market has still grown 30.72% since 2022 (over $147.24B), outperforming other industries like stocks, tech and eCommerce.
They predict the market growth will accelerate at a Compound Annual Growth Rate (CAGR) of 35.27%.
43% of the market growth will be from Asia-Pacific and will be in huge demand in countries like Korea, Japan and China.
A major driver for the market is digital art applications which give people instant access to buying and selling through a platform.
A number of big corporations are taking an interest in the technology, such as Visa Inc, Amazon and Nike, with a number of eCommerce brands shifting towards Web3. These types of developments foster market growth for the next couple of years.
This is the part of the movie where the main character gets his ass beat, goes to train for two years, then comes back 10x stronger.
🌴Planting Plays
We've spoken about Ethereum Name Service(ENS) on our YouTube Channel with a special guest who made over $250K+. Once again, they're picking up traction. To put it simply, ENS is a secure & decentralized way to address resources both on and off the blockchain using simple, human-readable names. For a full breakdown of how it works, check out the website.
What you really want to know is; how can we use them to make money? 🤔
Right now, ENS domains are seen as a rare social media handle; imagine having the username @batman on Twitter and how many people would bid for it. The ENS collection spiked 560% in the last week.
Where can we find them?
Ens.vision is a marketplace specifically for ENS names and sorts them into different categories such as languages, numbers, length and more. There you can see the volume and floor price of certain collections and see which domains are available.
The floor price of popular collections :
Currently, we are seeing a volume spike with the floor price of Arabic ENS numbers:
Arabic 999 Club - 4Ξ and highest sale is 55Ξ
Arabic 10K Club - 0.07Ξ and highest sale is 2.5Ξ
Will the scarcity of 3-digit ENS domains remain relevant regardless of the language? There’s Korean, Chinese, hindu, Hebrew… the list of opportunities goes on.🤷♂️ NFA.
How to register a domain? It's just as easy:
Simply go to the website here.
Search up the domain you wish to register and see if it's available.
Connect your wallet and accept the contract (same process as OpenSea)
If it's unavailable, you can choose to bid on it
Boom, you own an ENS domain! 🤯
Some rules for registering/picking a name:
Minimum length of 3 characters
Emojis are allowed
There are annual renewal fees ; 3 characters are $640/y, 4 characters are $160/y, and 5+ characters are $5/y.
Good luck with your ventures!
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See you tomorrow! ✌️ 💎
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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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