Cover photo

NFT Research Report - CyberBrokers

Hi,

This is 41013.eth

The project on today's report - ‘CyberBrokers’

✨ Josie’s Twitter:

https://twitter.com/josiebellini

The total amount of NFTs: 10,001

MINT Date: 3rd, Mar 2022

MINT Price: 0.35 ETH

Discord number: 65,237

Twitter followers: 24,000

Category: Art & Fashion

Contract address: 0x892848074ddeA461A15f337250Da3ce55580CA85

1. Fundamental state:

< Josie & Cyberbrokers>

- Josie's Art: https://josie.io/

- Opensea Josie Collection: https://opensea.io/collection/josie

- Cyberbrokers Website: https://cyberbrokers.io/

- CyberBrokers Twitter: https://twitter.com/CyberBrokers_

- OpenSea CyberBrokers: https://opensea.io/collection/cyberbrokers

1.1 Project introduction:

1-1. <Cyberbrokers>
1-1. <Cyberbrokers>

Cyberbrokers is an art project created by Josie, She first publicized the project in March 2021, and started mint in March 2022. She also mentioned all cyberbrokers being totally on-chain and Owning a CyberBroker will give you membership in MirrorWare (a metaverse-native fashion brand). The entire project cycle took one year, which made people wonder what kind of project cyberborkers is?

This point about ‘totally on chain’ has aroused my interest, and i found something on the FAQ section:

CyberBrokers are stored entirely on the Ethereum network. The art is composed of SVGs, a human-readable, text-based file format that allows for specifying the positions, colors, and shapes to be drawn. These SVG files are broken down into components, compressed, and stored as individual layers on Ethereum. The CyberBrokers art can then be reconstructed directly from the assets using an on-chain transcoder. CyberBrokers metadata will also be stored on-chain, and a cached image of the compiled CyberBrokers will be stored via IPFS for seamless integration into existing marketplaces.

I will briefly describe this issue after I search for some information.

  • Simply put, the team will use the SVG format to store data, the quality and clarity of the images are guaranteed and allows images to be infinitely scalable.

  • SVG data can be displayed in string format with the browser.

  • The inherent logic of the contract can be realized without changing the original data on the chain so that NFT has some effects similar to dressing.

1-2. <Cyberbrokers>
1-2. <Cyberbrokers>

Cyberbrokers consist of 10,001 pictures of characters with as many as 35 traits. Exquisite painting craftsmanship and the displayed fashion sense have become the most obvious shining points of cyberbrokers. Based on the above contract and storage method settings, as well as Josie's next fashion brand planning, we can foresee the subsequent changes in clothing and NFT appearance.

Cyberbrokers is only the first step in this ecosystem, and subsequent plans will be developed around Cyberbrokers. The sale of Cyberbrokers is over, but the entire web3 ecosystem created by Josie has just begun.

1.2 Artist Profile

https://josie.io/

‘Josie is a pioneering artist and designer who has been creating cryptoart since 2017. She has a background in finance and creates art that tells the story of the crypto ecosystem. Not only does Josie utilize canvas and paint in her work, but she also releases digital art and augmented reality scenes to fully immerse her viewers. Josie has exhibited in virtual worlds and at major blockchain conferences like Consensus, NFT NYC, and Satoshi Roundtable.’ -- Josie.io

Josie ranked 16th on NFTy50, launched a work called 'Genesis' in 2017, and minted in 2021, the same year for lining up, the final transaction price of 400,000 USD.

1-3. <Genesis by Josie Bellni>
1-3. <Genesis by Josie Bellni>

Josie has been creating cryptoart since 2017, and her qualifications and ability have established her status as an OG artist, which is why this project has received continuous attention from other KOLs in the circle.

2. Data Analysis

2.1 <Basic Situation>
2.1 <Basic Situation>

As a project that has only been released for 4 months, its market value has reached about $65M and the number of holders is currently 3,359.

2.1 Market Cap & Volume:

2-2. <Trend of Market Cap & Volume>
2-2. <Trend of Market Cap & Volume>

From the data, we can find that its market cap peaked at about $197M on April 3. This is because a series of decryption activities were released on the official discord that day. This interesting gameplay indirectly drove the market and triggered a buying boom. At present, its market cap has fallen slightly due to the influence of the cryptocurrency market, but it is currently stable at around $65M.

2.2 Holders overview:

2-3. <Holder Trends>
2-3. <Holder Trends>

It can be seen from the data that after a small sell-off at the beginning of the sale, the number of holders has been stable at around 3,700. However, due to the market volatility in the last month, the number of holders has declined to around 3,400 now. But the point is, we can find that the number of whales among its holders is relatively stable, while the number of blue-chip holders has risen in the bear market, which also confirms the optimism of whales and blue-chip holders for this project.

2-4. <Holding Amount & Holding Period Distribution>
2-4. <Holding Amount & Holding Period Distribution>

Looking at the holding amount and holding period, we can find that 75.53% of the holder addresses only hold one cyberbrokers, 18.26% of the addresses hold 2-3, and less than 1% of the addresses hold 50 above. This shows that the chips of this project are relatively scattered, but it is worth noting that all addresses holding more than 100 Cyberbrokers are whales or blue-chip project holders.

From the perspective of the holding period, about 93% of addresses have been held for more than 30 days, and the proportion of addresses held for more than 3 months has reached 67.38%.

3. Summary

From my point of view, cyberbrokers have the potential to be a blue-chip project, well-known artists, experienced teams and developers, and the seriousness that people can trust. There is no doubt that cyberbrokers was very successful as Josie's first step in creating the entire ecosystem. The high-quality pictures and the setting of the underlying logic of the contract have laid the foundation for the subsequent fashion factors, but this high-quality project comes with a cost of time. The entire project of cyberbrokers took about a year from announcement to mint, and the team did not give a specific time and plan for the next project or season 2.

But the long-term problems of the project can't hide the fact that cyberbrokers are born in a bear market and become an instant hit. Having such a successful experience in adversity makes people look forward to the future development and trajectory of cyberbrokers and Josie.

‘This report was written by 41013.eth, please contact me in advance for any reprinting and other behaviors.’

‘All data basic release date July 5, 2022’