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12 Pivotal Moments that took the #NFT Industry exponential.
Not just money - we're talking Industry Progress & WTF Moments.
1/ Thread
Not just money - we're talking Industry Progress & WTF Moments.
1/ Thread
2/ #Decentraland goes public - Feb 20th
First impressions were, empty, lonely, buggy, crashes, not much to do, etc.
Now there's HQ's, Top DJ Events, 100+ Galleries and
December so far had over 5k weekly visitors.
I wrote a post-launch article, https://dclblogger.com/decentraland-launch-success-or-fail-harsh-critics-and-treasure-hunt-tips/
First impressions were, empty, lonely, buggy, crashes, not much to do, etc.
Now there's HQ's, Top DJ Events, 100+ Galleries and
December so far had over 5k weekly visitors.
I wrote a post-launch article, https://dclblogger.com/decentraland-launch-success-or-fail-harsh-critics-and-treasure-hunt-tips/
3/ $WHALE Launches May 3rd - A social currency backed by $2M+ of #NFT assets by @WhaleShark_Pro & @whale_community.
People across all NFT projects & platforms were incentivized to work together.
A top social currency by market cap, volume AND community.
https://twitter.com/WhaleShark_Pro/status/1256585122918174724
People across all NFT projects & platforms were incentivized to work together.
A top social currency by market cap, volume AND community.
https://twitter.com/WhaleShark_Pro/status/1256585122918174724
4/ @trevorjonesart Picasso's Bull sells for $55k on @niftygateway.
A record sale at the time for a single Art NFT. Many in the broader NFT space started to pay attention from here.
The drop totalled ~ $75k with a Silver /10 recently going for $19.5k! on 8th Dec, (from $750)
A record sale at the time for a single Art NFT. Many in the broader NFT space started to pay attention from here.
The drop totalled ~ $75k with a Silver /10 recently going for $19.5k! on 8th Dec, (from $750)
5/ Eth fees Sky rocket - Mid 2020
With Activity on ETH going berserk, ETH fees went from average $0.20 per transaction to now ~$5.4. More with NFTs.
This forced NFT projects, (especially gaming), to prioritize scaling/L2 while it was still 'ok' to trade Art as most are $300+
With Activity on ETH going berserk, ETH fees went from average $0.20 per transaction to now ~$5.4. More with NFTs.
This forced NFT projects, (especially gaming), to prioritize scaling/L2 while it was still 'ok' to trade Art as most are $300+
6/ @AxieInfinity's $SLP token 50x's - July 2nd Week.
The SLP token is a reward mechanism for players of the game. It's uncapped supply and was never seen as 'investible' until it 50x'd in 2-3 days.
ERC-20 Exposure for NFT projects made a lot of sense.
They now have $AXS
The SLP token is a reward mechanism for players of the game. It's uncapped supply and was never seen as 'investible' until it 50x'd in 2-3 days.
ERC-20 Exposure for NFT projects made a lot of sense.
They now have $AXS
7/ @JordanLyall & the MEME Team launch @DontBuyMeme Aug 15th.
Started as a joke on copy pasting De-Fi projects & Farming food coins.
Which evolved quickly to an NFT Farming De-Fi experiment.
DeFi+NFT intersection was born. https://twitter.com/JordanLyall/status/1294466755692081152
Started as a joke on copy pasting De-Fi projects & Farming food coins.
Which evolved quickly to an NFT Farming De-Fi experiment.
DeFi+NFT intersection was born. https://twitter.com/JordanLyall/status/1294466755692081152
8/ @WAX_io continuing to add project launches proving collectibles are here to stay.
Many of the top 24 hours volume are on WAX.
Also had a drop by @WilliamShatner & @deadmau5 !
data by http://cryptoslam.io/
Many of the top 24 hours volume are on WAX.
Also had a drop by @WilliamShatner & @deadmau5 !
data by http://cryptoslam.io/
9/ @rariblecom $RARI Airdrop - September
Rarible launched their token & incentive structure in July. 6+ Months into existence.
In September MANY people realized they had a juicy airdrop. Some $10-$20k+
It
WentWild
High volume, influencers, flippers everyone rushed there.
Rarible launched their token & incentive structure in July. 6+ Months into existence.
In September MANY people realized they had a juicy airdrop. Some $10-$20k+
It
WentWildHigh volume, influencers, flippers everyone rushed there.
10/ @nba_topshot launches on @flow_blockchain by @dapperlabs.
Significant because it was a sports collectible NFT project done right. $2M traded so far.
Looked good, healthy secondary market, mainstream appeal.
Top by Volume + on Flow. New L1 in town.
http://cryptoslam.io/
Significant because it was a sports collectible NFT project done right. $2M traded so far.
Looked good, healthy secondary market, mainstream appeal.
Top by Volume + on Flow. New L1 in town.
http://cryptoslam.io/
11/ @ChristiesInc auctions the first NFT-Physical piece by @robertalice_21 - Oct 7
The first 'NFT' to be sold at the largest Art Auction house goes for $130k.
A mainstream moment that got larger auction houses to pay attention. https://cointelegraph.com/news/crypto-art-piece-sells-for-130k-at-christie-s-auction-house
The first 'NFT' to be sold at the largest Art Auction house goes for $130k.
A mainstream moment that got larger auction houses to pay attention. https://cointelegraph.com/news/crypto-art-piece-sells-for-130k-at-christie-s-auction-house
12/ @fewocious hits centre stage. Sept-Oct
Fewo's high energy videos of selling Art piqued the interest of top Crypto Influencers.
Getting covered by @NuggetsNewsAU, @APompliano, @AltcoinDailyio, @IvanOnTech. A 500k+ Follower cumulative.
Fewo's high energy videos of selling Art piqued the interest of top Crypto Influencers.
Getting covered by @NuggetsNewsAU, @APompliano, @AltcoinDailyio, @IvanOnTech. A 500k+ Follower cumulative.
13/ @pranksyNFT sells 200 ETH, ($120k), worth of a 'subscription' NFT in 48 hours. - November
Airdropping 1 NFT/daily to 200 Subscribers.
Not sure how many paid attention but,
- Artist Collabs
- Subscription NFTs
Provide value with the above = SERIOUS business model.
Airdropping 1 NFT/daily to 200 Subscribers.
Not sure how many paid attention but,
- Artist Collabs
- Subscription NFTs
Provide value with the above = SERIOUS business model.
14/ @muratpak hits $1M in sales - Early Dec
Across all platforms, ( @niftygateway, @SuperRare, etc).
A very serious signal to the Art world that digital art is not just getting artists paid but creating extreme wealth. https://twitter.com/NTmoney/status/1335977360668184583
Across all platforms, ( @niftygateway, @SuperRare, etc).
A very serious signal to the Art world that digital art is not just getting artists paid but creating extreme wealth. https://twitter.com/NTmoney/status/1335977360668184583
15/ @beeple Breaks the Internet with a $3.5M drop on @niftygateway - Early December.
This unlocked a couple of things,
- Physical + Digital created a strong bridge
- 5 Minute Open Editions are
.
We're seeing a lot more of this now.
This unlocked a couple of things,
- Physical + Digital created a strong bridge
- 5 Minute Open Editions are
.We're seeing a lot more of this now.
16/ Again, these aren't meant to be $ related, more events that changed/accelerated the NFT space.
We will see a LOT more of this.
Gas fees slowed down gaming activity for many projects but others on non-ETH chains continued.
Eg, @splinterlands on @hiveblocks + others.
We will see a LOT more of this.
Gas fees slowed down gaming activity for many projects but others on non-ETH chains continued.
Eg, @splinterlands on @hiveblocks + others.
17/ Much of the above has to do with the Art world.
1 - It's seen insane growth.
2 - Hasn't been effected by gas fees. People will pay $10-$30 if it means buying a $300-$1000+ art piece.
3 - Easier to leverage big brands/names.
1 - It's seen insane growth.
2 - Hasn't been effected by gas fees. People will pay $10-$30 if it means buying a $300-$1000+ art piece.
3 - Easier to leverage big brands/names.
18/ It's clear this industry is driven by experiments and innovation.
No idea is too bizarre, and we are shaping it as we go.
Let's see what 2021 cooks up!
Lastly, I'll be covering the Art Industry with a weekly report. Join the mailing list here,
https://mailchi.mp/cryptoartpulse/sign-up
No idea is too bizarre, and we are shaping it as we go.
Let's see what 2021 cooks up!
Lastly, I'll be covering the Art Industry with a weekly report. Join the mailing list here,
https://mailchi.mp/cryptoartpulse/sign-up
