March 2021 is slowly coming to an end, but what a couple of months it has been for the unstoppable NFT world!
The Giant | NBA Topshot
The whole NFT space has literally blown up over the last two months and we have #nbatopshot to thank for that. This NFT 'game' is by far the biggest in terms of daily USD traded, but even more importantly: also in terms of active accounts, their discord channel now has over 278k people in it and I think that these days the size of a Discord channel is a more than a decent indicator for how successful a project is and what the future can bring.
NBA Topshot is so successful that they had to develop a drop system for new packs, where everyone gets a random place assigned in a queue until the packs are sold out. There was a drop a couple of days ago and I got spot 94239 in the queue and unfortunately I ended up not getting a pack. That did mean that they sold 40k packs in about an hour or so, at 229 USD.
That means 229USD times 40000 = 9.16 million USD
By the way, as we speak I am trying get a new cool cats pack.
My position is 241567, there are 67500 packs available, needless to say I won't be getting pack this time...
There are over 300k users in the waiting line.
The demand for this is just insane right?
The Surprise | Ben Mauro's Evolution
Ben Mauro's packs will be able to be opened this Wednesday and sold on the VIV3 market. The retail value was 2 million USD and sold out in minutes. The mint number will be very important and randomly assigned. I have 3 common packs and really hope to get a 888 mint number.
People are estimating the market value to be 10 to 100x as much, meaning 20-200 million USD.
The Biggest | Beeple
A collage by American artist Beeple has become the most expensive digital image ever, with the blockchain-verified artwork fetching over $69 million at auction.
The artwork, titled Everydays: The First 5000 Days, was listed by Christie's on February 25 for only $100, becoming the first purely digital artwork backed by a non-fungible token (NFT) to be put under the hammer by a major auction house.
The Future
It is hard to say where this all will lead to and every day I discover more and more NFT projects, of which the majority will probably fail long term, but I also regularly come across projects that innovate and have a big potential to thrive. I have a lot to write about, expect more posts about some gems that I recently discovered.
Let me know in the comments which NFT projects you follow or are most excited about.
Also Curious?
I go where curiosity leads me - these days that's crypto in general and more specific NFT's - Gaming - Defi
Follow me to get a personal perspective on new and upcoming ideas and projects in the crypto world.