the beanz are coming
GM. Another day, another dollar for BivNFT (fine, you got me I’m still losing money).
Today is feeling slow. The Otherdeeds liquidity suck is still having hangover-like effects on the NFT community at large. Somehow too, Yuga has still not managed to turn their land sale into a 10x for their holders, so people are pretty testy.
That’s my market sentiment update. It’s based off no data…just vibes.
It seems that many projects were waiting for the Otherside release to launch their next big thing. Striking first will be “Beanz”, an Azuki companion that, you guessed it…are cute little beanz.
Their initial artwork was met with a mutual ‘meh’ when it was revealed a few weeks back, but we are yet to see anything beyond a few test beanz. It’s possible that the artwork could have been revamped or it will look better as a collection when all the traits and rares are revealed.
Unfortunately, it looks as though they will still be called Beanz.
Azuki has seen historic success thus far but has been overshadowed in recent weeks by Moonbirds and Otherdeeds. They initially slingshotted their IRL NFT LA event into a 25+ ETH floor. We will see if they can pull off their companion drop smoothly. It’s (in the past) done a lot of projects in (for the short term at least). We will reserve judgement until their reveal on Cinco de Mayo.
I wholely expect now that Yuga has shown their hand with Otherside, other projects will get back to marketing what they’ve had up their sleeve. The rumored Doodles bucket mystery is looking like it will happen in the next few days (the floor has been quietly moving and they recently just surpassed their ATH, meaning there’s some insider trading happening here).
A potential sleeping giant that I don’t think is being talked about enough? Metahero and Pixel Vault. It feels like they have been lurking for a while - letting things play out as they plot their next move. But you can’t stay quiet forever in this space so I expect some kind of announcement from them this month.
Fun times ahead for those looking to jump into ecosystems that they’ve been priced out of. Save up that ETH.
Solana took the weekend off with yet another outage…this time due to a bot attack.
It’s a strategy that has been paying off for them so far. With the network down, no one can sell their Solana and by the time it’s back up people have already forgotten how crazy that idea is.
This comes as Solana NFTs have been building some momentum. The beta with OpenSea is going well and OkayBears are ripping (they stand to take the throne as the “Solana Bored Ape” in fact). Some would argue that’s a demerit considering how similar their art and aesthetics are (“Solana NFTs are all copycat projects!!!”). To others, it’s legitimizing; it’s one of the first Solana projects to be recognizable to outsiders.
While the network can have issues with uptime, it has quick transaction times and low fees when it’s running. Their path to “mass adoption” seems much more realistic when you look at the gas fees from Otherdeeds. Yuga is threatening to make their own chain, yet Solana seems to the NFT game figured out.
It will be all for naught though unless they can get their outages under control. If you can’t trust your money with them, people will have no choice but to find other places to put it.
abc.eth was bought for 90 ETH early Monday. Maybe with a sale like this, 3-lettered domains will finally have their day like 3-digit domains just had.
The 10KClub is dipping right now, maybe not coincidentally as a lot of Bored Apes have shown their distaste for them on Twitter. Apparently, a lot of the 10KClub community is squatting on valuable Ape ID#s and trying to use that fact to leverage a big sale.
No matter how the drama unfolds, I’m just glad I have my names secured as domains with ENS so I can’t be extorted there…