NFTs Informant - I share whatever I found interesting • CM @creators_core, @grindoors_xyz
Joined March 2023
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Neutra retweeted
Since you probably won't research the site, here is the tl;dr:
BankFi started as a Cardano protocol in 2021. They call themselves the Bank of Cardano.
The model is simple. Capital goes into yield producing assets. Revenue gets paid back to holders.
There are three ways in.
Units. You buy into one specific vertical. Each vertical runs as its own DAO and each unit is one vote. Unit price is fixed in USD based on the assets underneath. 100% of what you pay goes into buying more of those assets. Units vest 45 days, then earn and can be sold on their community market.
Genesis NFTs. Each NFT carries a unit value and earns from a basket of assets instead of one vertical.
$Bank is a governance token and earns a cut of all protocol rewards and is built to be deflationary.
There are two types of verticals.
1. Core ones BankFi owns and runs.
2. Affiliate ones they host for partners, kept separate.
The two I’d watch are BTC mining and World Mobile nodes. World Mobile is a telecom network built on owned hardware. 145,000+ nodes. 3M+ users a day. The nodes earn when people make calls and use data. That’s an RWA with a customer.
Their latest numbers. 149,853 ADA generated. 126,164 ADA paid out. 23,020 ADA put back to work. About 84% to holders, the rest compounds.
They also run a dev shop called Pillar. It has processed over 40M ADA across hundreds of token and NFT launches. If a project puts 50% or more of its raise into BankFi units, Pillar cuts its launch fees by up to 100%. Pillar only gets paid through protocol fees, so it wins when the project wins.
The new piece is @VaultlingsNFT. It’s 2,965 NFTs on Robinhood Chain, minted this week with a 10% creator fee. 100% of those fees go into the BTC mining and node operations. Over $2M is already deployed across their verticals.
The team is led by two brothers from the insurance industry, plus a CTO with 5+ years building on Cardano. From my experience thus far, they are a passionate team working hard to deliver sustainable value to their holders. They also invest heavily into their own project so they have skin in the game.
Higher.
Take a moment and check out who is behind @VaultlingsNFT
Have any of you even done that yet?
bankerlabs.io
Neutra retweeted
We all saw @VaultlingsNFT yesterday?
The next underrated free mint I feel you should also look forward to is @CompanionsWfit by @Ivanaarch.
I came across this collection weeks ago when @crypto_czar_eth sent it to me to check out. Seeing their collaboration with @TheSuitedApes (one of the RobinWifHat partners) is a good sign, so I feel we should position early.
Details;
- Supply: 5,555 (not 5,000)
- Price: Free
- Chain; Robinhood
- Mint date: TBA/ expected November
- Built on top of the existing @WFitApp (live iOS/Android fitness + gamification app that’s been around for 4+ years)
- Real world ‘Endless Hunt” / Labyrinth — your walks and activity unlock mystery chests
- Art by @inkartluis (has worked with Marvel, Toys R Us, Vodafone, etc.)
- 4 different Companion types
DYOR and stay positioned.
Neutra retweeted
congrats to our friends at @themutualfun on their launch
time to take a seat 🪑
The $TMF launch and Seat mint are live; only rely on official links found in our bio or posts 🪑
Mint your seats: themutual.fun/subscribe
Buy $TMF: stonkbrokers.cash/launcher/t…
OpenSea: opensea.io/collection/themut…
Official $TMF Contract: 0xC76B6020a3D7f4bb5cEE85d44F8b0Da6a6Ee7616
Neutra retweeted
We @Grindoors_xyz are excited to collaborate with @RYFTCORP, a platform where anyone can turn an idea into a playable game with its own token, instantly.
What’s coming?
- Game-building opportunities on ryft.fun
- RYFT GAMES Season 01 with a $50K prize pool
- More opportunities on Robinhood Chain
Create. Play. Trade. Earn.
GTD & Presale WL raffles are LIVE in our Discord!
Let’s build. 🫡
Neutra retweeted
TLDR:
If you want to know if an nft is going to thrive, just identify who’s buying and whether they exist above or below the red line.
2021-22 nft was a bubble formed by a specific group of crypto native who got rich from crypto bullrun, result of abundance. Most of the people involved exist above the red line, who’s basic needs are well taken care of. The top nfts were completely unobtainable for most people outside that bubble. Floor prices were high, gas were high, common folk couldnt even participate. They were looking up the sky to nft gods for the occasional crumbs.
Fast forward few years, gas is dirt cheap. Entries and floors are low. People who couldnt afford to participate before flocked to web3 in droves to make money. Anyone can mint nfts
Now, most cheap/free and new mint have a segment of new audience compared to 2021 nft run. The ones below the red line. You cant tell someone whose basic food necessities not met to hold a jpeg, it just doesnt make sense for them. Its literally impossible for them not to eat.
Jpegs are Veblen goods. Higher the price, higher desirability. Why apply maslow here? Just makes it easier and clearer that moving forward the digital art jpeg era will be super easy to navigate.
- Only a handful of legacy projects left surviving and each of their value proposition is clear as day
- luxury sought after art is easy af to identify (vol, collectors, premiums, artist’s legacy)
- slops, scams, cashgrabs, cheap and low effort nfts main target audience = burger grinders, minters to flip for tonights dinner meal, demographic = iykyk (no hate, just reality)
- cheap and low effort launches = no better than useless memecoins to satisfy jpeg burger flippers need to flip for cents
Easier mode than 2022 where most jpeg traders didnt know where its headed
- crazy fps that didnt make sense
- fomo buying moonbirds at 40e despite kevin rose being a well known scammer
- crazy otherside land fomo
Now we know:
- historical nfts: punks etc
- trustworthy legacy projects: bayc
- digital art leaders: beeple, sam spratt, jackbutcher, xcopy, artblocks
- up and rising: iykyk(only a handful)
TLDR:
If you want to know if an nft is going to thrive, just identify who’s buying and whether they exist above or below the red line.
(Writing this for myself)
Neutra retweeted
It all started with @jackbutcher's CREDIT experiment and it birthed different derivatives like DEBIT by @wubbushi, RECIPIET and now another Experiment is happening which is INFLATION by @harto_fr
The significant thing about all the experiment is that, they all cooked and I'm glad to have secured spots for @Tadaverse community
Thanks to @Krsna108_ for the collab
