Key TakeawaysAt present, the volume of NFTs in the sports industry is still relatively small compared to GameFi and art, but with the involvement of NBA, NFL, FIFA and other top ten global sports leagues in NFTs and Web3-related businesses, the field is expected to grow.At this stage, most sports companies venture into NFTs by outsourcing, selling cards, and GameFi licensing. Some superstars also venture into Web3 using their popularity.Curry's Basketball Headz involves community and gen...

Key TakeawaysAt present, the volume of NFTs in the sports industry is still relatively small compared to GameFi and art, but with the involvement of NBA, NFL, FIFA and other top ten global sports leagues in NFTs and Web3-related businesses, the field is expected to grow.At this stage, most sports companies venture into NFTs by outsourcing, selling cards, and GameFi licensing. Some superstars also venture into Web3 using their popularity.Curry's Basketball Headz involves community and gen...

The Bear MarketCrypto has now entered a bear market. The recent aggressive rise in interest rates by the Federal Reserve, the crash of $LUNA and Celsius, regulation fears and the correlation with the stock and equity markets are all contributing to the swings in today's market across high volatility assets. Wild swings in speculative assets have become commonplace and NFTs are no exception. Blue-Chip NFTs, which are believed to be the most valuable and promising NFT projects in the marke...

The Bear MarketCrypto has now entered a bear market. The recent aggressive rise in interest rates by the Federal Reserve, the crash of $LUNA and Celsius, regulation fears and the correlation with the stock and equity markets are all contributing to the swings in today's market across high volatility assets. Wild swings in speculative assets have become commonplace and NFTs are no exception. Blue-Chip NFTs, which are believed to be the most valuable and promising NFT projects in the marke...

As of June 8, 2022, ill poop it nft and ShitBeast have taken 7th and 8th place on OpenSea's 7-day trading volume ranking. Both of these collections were by the same creator team—what impact on the market did they make with these shit series', and what's the reason behind it?7-day Trading Volume Ranking (Source: OpenSea)Market ImpactBackgroundOn June 1, the project creator launched a total of 10,000 free mint ill poop it nfts. The collection has a very unusual style, with the ma...

As of June 8, 2022, ill poop it nft and ShitBeast have taken 7th and 8th place on OpenSea's 7-day trading volume ranking. Both of these collections were by the same creator team—what impact on the market did they make with these shit series', and what's the reason behind it?7-day Trading Volume Ranking (Source: OpenSea)Market ImpactBackgroundOn June 1, the project creator launched a total of 10,000 free mint ill poop it nfts. The collection has a very unusual style, with the ma...

There are hundreds of thousands of transactions happening in the NFT market every day. Identifying the best buy and sell prices of NFTs in real-time will help you make smarter investment decisions. NFTGo.io now offers real-time data, including NFT price change, listing information, along with time-sensitive metrics to enrich your trading journey. Let's look closer at the upgrades!Market Data of a CollectionNFTGo.io has recently added a new tab named "Market" under each collection page. U...

There are hundreds of thousands of transactions happening in the NFT market every day. Identifying the best buy and sell prices of NFTs in real-time will help you make smarter investment decisions. NFTGo.io now offers real-time data, including NFT price change, listing information, along with time-sensitive metrics to enrich your trading journey. Let's look closer at the upgrades!Market Data of a CollectionNFTGo.io has recently added a new tab named "Market" under each collection page. U...

The current space is saturated with different types of marketplaces, some add value to their users, and some are market value imitators. The blue ocean strategy, by Chan Kim & Renée Mauborgne, represents uncontested market spaces where there is little to no competition. Moreover, it creates new markets where none existed in the past. In contrast, a Red Ocean is where everyone is competing and markets have well-defined boundaries. The NFT marketplace sector was once a Blue Ocean. Back then, th...

The current space is saturated with different types of marketplaces, some add value to their users, and some are market value imitators. The blue ocean strategy, by Chan Kim & Renée Mauborgne, represents uncontested market spaces where there is little to no competition. Moreover, it creates new markets where none existed in the past. In contrast, a Red Ocean is where everyone is competing and markets have well-defined boundaries. The NFT marketplace sector was once a Blue Ocean. Back then, th...

IntroductionThe NFT market is facing its first-ever bear market after the crazy NFT summer run-up. In the first article of our series, we investigated the performance of Blue-Chip NFTs. In this article, we will continue our analysis by looking into the macro trends that drive the price changes in the NFT market. The most valuable NFT projects exist on the Ethereum blockchain. Ethereum processed more than $246M in trading volume over the past week. Trades in the market are largely denominated ...

IntroductionThe NFT market is facing its first-ever bear market after the crazy NFT summer run-up. In the first article of our series, we investigated the performance of Blue-Chip NFTs. In this article, we will continue our analysis by looking into the macro trends that drive the price changes in the NFT market. The most valuable NFT projects exist on the Ethereum blockchain. Ethereum processed more than $246M in trading volume over the past week. Trades in the market are largely denominated ...

Key TakeawaysBefore an airdrop occurs, primary collections pump floor prices. This normally takes place days before, or when an airdrop is announced.Secondary collections are correlated to the primary collection's performance.Investors evaluate airdrops similarly to their respective collections. This is because they share the exact same roadmap, team, and community.Once the airdrop is released, investors are driven by speculation about the future utility.Airdrops have become popular in r...

Key TakeawaysBefore an airdrop occurs, primary collections pump floor prices. This normally takes place days before, or when an airdrop is announced.Secondary collections are correlated to the primary collection's performance.Investors evaluate airdrops similarly to their respective collections. This is because they share the exact same roadmap, team, and community.Once the airdrop is released, investors are driven by speculation about the future utility.Airdrops have become popular in r...

There are hundreds of new projects coming out on the market every day and thousands of legit projects already exist. But most people only want to focus on a few projects at a time. Similarly, there are certain wallets (e.g. whales) that people want to follow. However, it is time-consuming to jump from one project or address to another and you may miss important alpha info. NFTGo.io launched the watchlist feature, which helps you:Manage and track collections that you plan to buy, are intereste...

There are hundreds of new projects coming out on the market every day and thousands of legit projects already exist. But most people only want to focus on a few projects at a time. Similarly, there are certain wallets (e.g. whales) that people want to follow. However, it is time-consuming to jump from one project or address to another and you may miss important alpha info. NFTGo.io launched the watchlist feature, which helps you:Manage and track collections that you plan to buy, are intereste...

The unique painting style is a creative and organic way for the project to promote the PFP NFT, which not only brings a sense of belonging to the holders' community, but also serves as a hub for the project to communicate with its members through artists and their styles, and to reflect the different identities and personalities of each holder. According to data from May 26, Goblintown's trading volume increased by about 355% in the first 7 days, and the total trading volume has now...

The unique painting style is a creative and organic way for the project to promote the PFP NFT, which not only brings a sense of belonging to the holders' community, but also serves as a hub for the project to communicate with its members through artists and their styles, and to reflect the different identities and personalities of each holder. According to data from May 26, Goblintown's trading volume increased by about 355% in the first 7 days, and the total trading volume has now...

Key takeaways:Whales' preferences when buying at the bottom: Bored Ape Yacht Club > other Yuga Labs' projects > other blue chips and emerging projects. The exact type and price of purchase are correlated with capital size. Among whales with a capital size of more than $500,000, some focus on only one collection, while others adhere to a diversified combination. The majority of whales are willing to spend from $100,000 to $250,000, but their costs vary. Whales share a number of strat...

Key takeaways:Whales' preferences when buying at the bottom: Bored Ape Yacht Club > other Yuga Labs' projects > other blue chips and emerging projects. The exact type and price of purchase are correlated with capital size. Among whales with a capital size of more than $500,000, some focus on only one collection, while others adhere to a diversified combination. The majority of whales are willing to spend from $100,000 to $250,000, but their costs vary. Whales share a number of strat...

Key TakeawaysWeb2 social media monopolize web traffic, and Web3 brings some variables that put users ahead of product development. Meanwhile, social media giants are entering the NFT space and are trying to integrate it with their own business models.NFTs and social media have a symbiotic relationship, and the former can be used as a weapon for social media expansion.During the journey from Web2 to Web3, information distribution and organizational structure will undergo changes, and Web3&apos...

Key TakeawaysWeb2 social media monopolize web traffic, and Web3 brings some variables that put users ahead of product development. Meanwhile, social media giants are entering the NFT space and are trying to integrate it with their own business models.NFTs and social media have a symbiotic relationship, and the former can be used as a weapon for social media expansion.During the journey from Web2 to Web3, information distribution and organizational structure will undergo changes, and Web3&apos...

NFT trading volume encompasses trigger points, highs-to-lows, and continuity. As of now, the market is under the effects of a large cycle.NFT hype has transformed from mass media to community clubs. Rotation of categories is observed.BAYC-based hype approach is on-trend. The hyped event and price are highly correlated. Prices follow narratives.The market is now amid "intensification of expectations" and "burst of the bubble", which is similar to the crypto market, but different in some other ...

NFT trading volume encompasses trigger points, highs-to-lows, and continuity. As of now, the market is under the effects of a large cycle.NFT hype has transformed from mass media to community clubs. Rotation of categories is observed.BAYC-based hype approach is on-trend. The hyped event and price are highly correlated. Prices follow narratives.The market is now amid "intensification of expectations" and "burst of the bubble", which is similar to the crypto market, but different in some other ...