📈 NFTs are Flying Again! 📈
The Yuga Labs Ecosystem along with the top projects on Solana had a massive week
This week was packed with exciting "announcements of announcements" for some of the top NFT collections across both Ethereum and Solana. The top dogs on ETH have something in store for us for Christmas, and the polarizing kings of SOL launch staking as "DeGods season 3" kicks off.
Headlines this week:
Trial of Jimmy the Monkey teaser sends Yuga assets flying, Solana NFTs continue to show strength
CloneX Eggs set to drop this week
New staking app for DeGods and y00ts launches
Last week, I mentioned how Solana NFT volume was beginning to show some serious strength after the battering that it took from the fallout of the FTX collapse. That trend continued this week as the Claynosaurz launch paired with some exciting developments in the DeGod's ecosystem has sent sales volume through the roof for the top 3 collections on SOL. Gary, one of WumboLab's finest, capitalized on the high volume that came with the Claynosaurz and scored himself one of the trades of the year by hunting for mispriced listings during the reveal.
Today I bought this @Claynosaurz for 28 Sol and sold it for 1000 Sol, 3 hours later, $13,000 profit
Thank you @CirrusNFT for the guidance, happy to be a part of @WumboLabs https://t.co/136w98mWuK https://t.co/n8Wovxf0XH
— Gary (@GaryNonFungible)
Nov 28, 2022
A 35x in the midst of the worst bear market NFTs have seen...not bad!
On the ETH side of things, Yuga injected tons of excitement into the space with a teaser tweet of the next item on their roadmap, "The Trial of Jimmy The Monkey".
Happy Thanksgiving, Apes. The Trial begins this Christmas. https://t.co/PTlUtcIm8Z
— Bored Ape Yacht Club (@BoredApeYC)
Nov 24, 2022
The tweet immediately sparked a flurry of buys on Kennel Dogs (probably due to the box featuring a dog on it) and then moved to Mutants, Apes, and Otherside as well. This led to one of the highest volume weekends of all of 2022 for Yuga assets.
Today has already had the most BAYC/MAYC/BAKC trades of any day in six months. https://t.co/WhhgvLKLUx
— NFTstatistics.eth (@punk9059)
Nov 26, 2022
The Yuga spark led to plenty of opportunities for traders this week, but the top NFT ecosystem wasn't the only place you could dig up some profitable plays this week...
Things that worked:
Buying Killabears - Up from 1.5E to 2.8E after the launch of their new staking
Buying DeGods/y00ts - y00ts breached a new all time high at 150 SOL, and DeGods are up to 360 SOL another 100 SOL rise this week
Buying anything Yuga related - BAYC, MAYC, BAKC, and Otherdeeds all saw their floors rise 20-50% over the weekend after the Trial of Jimmy the Monkey teaser
Buying Friendship Bracelets by Alexis Andre - The Artblocks airdop ran from 0.1e to 0.3e
Minting Claynosaurz - Minted for 10 SOL and got to as high as 30 SOL before settling around 24 SOL
CloneX Companion Collection Set To Drop Dec 1st
Since teasing the release of its companion collection Animus two months ago, CloneX has seen its floor slowly climb 50%, and the wait is now nearly over for holders.
Thank you participating in Eggsperience 1
Things get real tomorrow, with Claim following shortly after Eggsperience 2 is completed.
!OVERRIDE !PROTECT 🥚⏲️ https://t.co/caIa7WNtqr
— RTFKT (@RTFKT)
Nov 29, 2022
The Nike-backed project streamed an immersive experience today on its Twitch account and will hold a second stream tomorrow where holders will seemingly be able to claim their eggs after the experience.
There is no information on the reveal process for the eggs, but for those looking for a fun collection to trade, it will surely present plenty of opportunities when it eventually comes.
New DeGods and y00ts Staking App Launches
DeGods and y00ts holders were pleasantly surprised on Monday when the team finally revealed its new staking app. The staking model doesn't include a token, and in some ways mirrors what Moonbirds rolled out half a year ago with nesting.
Holders were clearly happy with how staking was rolled out, as both y00ts and DeGods have seen drastic rises in their floor prices in the 24 hours since the launch of the new app.
NFT staking has historically been underwhelming holders, so it'll be fun to see if the kings of Solana can put a new twist on the process and provide tangible rewards for those that choose to rack up points.
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