The NFT space can feel like information overload at times, so we’ve cut through the noise to deliver you a curated dose of what matters most. Your all-in-one weekly companion.
Headline News - Female pfp projects take centre stage
International Women’s Day is on March 8th, and the past week has seen incredible developments across the board for arguably the three most prominent female NFT collections: World Of Women, Crypto.Chicks and Boss Beauties.
First off, KPMG Canada bought World Of Women NFT #2681 for 25ETH (approx. $70,000USD) referring to the purchase as their "first foray into this rapidly growing asset class." They also bought the ENS domain name kpmgca.eth.
Both these acquisitions come just weeks after the company added Bitcoin and Ethereum to their corporate treasury. The weight of a financial institution such as KPMG, global experts in risk management, purchasing NFT assets cannot be understated. This is a hugely positive move for the NFT market as a whole. For a full article on this story, please click here.
Next up, we saw Boss Beauties partner with both ‘Barbie’ and ‘Neiman Marcus’ within the space of just two days. The Boss Beauties team have proved themselves to be experts in establishing notable partnerships and collaborations. Only last month they made history when it was announced they would be the first ever NFT collection displayed in the United Nations headquarters in New York. For a full article on their ‘Barbie’ partnership, please click here.
And lastly, in the face of adversity, mired in a plagiarism issue, we witnessed the incredible resolve and professional conduct of the Crypto.Chicks team. The female-led team expertly navigated a very difficult situation. In doing so they provided us with the template on how community-led NFT projects can overcome negatively impactful situations with open communication and transparency at the core of every move.
In such a nascent space there’s still only a small number of notable leaders. It’s both imperative and encouraging to see so many strong and influential female personalities making such impactful moves, persevering in the face of adversity and heading up some of the most important, powerful and innovative NFT collections there is.
Curated News - the best of the past week
Bob Dylan & Miles Davis NFTs Planned as Sony and Universal get into NFTs
Pixelmon Collectors Cheated with Generic Graphics After Reveal
Dadara project ‘CryptoGreyman’ allows for one NFT per human in existence
Marvel producer Arad to turn Huxley Ethereum NFT comics into film
Maybe Something - things we’re keeping an eye on
Parallel PDIII Drop dilutes market and leaves deals in its wake
Clay Friends mint tomorrow and have a partnership with @Photoshop
2016 MTM Series music NFTs brought back to life. Distribution underway here
CryptoGreyman’s available for 1 MATIC (approx. $2USD)
Huxley Comics recent news of a film production has put eyes on the collection
EggsDAO are raising donations for Ukraine via an NFT raffle
Fractionalized Azuki NFT ‘Bobu The Bean Farmer’ coming on 6th March 2022
Talking Point - Perspective in the NFT space
Perspective is a funny thing in the NFT space. It’s easily warped and we can lose our sense of reality to some extent. But certain things can bring it all back into focus. The recent events in Ukraine are one such catalyst.
Everyone is different. Everyone will have their own catalyst that forces them to reconnect with reality and their core values.
For most people it will be some form of significant loss that will trigger a reality check. For me it was witnessing other people’s loss and hardship which stirred something within me and altered my behaviour. I took some time out, away from my laptop and the Discord grind. And it helped immeasurably.
It is important to keep grounded and retain a sense of reality. It’s also important to check in with yourself and question your actions every now and then. Are you acting within your means? Are you behaving in a manner which is healthy in relation to your overall wellbeing? This kind of thing.
It’s easy to get lost in Twitter and Discord to an extent that your days cease to have structure, and ETH no longer seems to hold any real tangible value. But it does. And we should remind ourselves of this often. When you have a lot of it, you feel elated and indestructible. When it’s gone, you feel vulnerable and distraught.
To avoid getting lost in these digital caverns, take a break and reflect every now and then. I know several people who’ve suffered in the NFT space by losing all sense of perspective, chasing that elusive big win. Some downtime, reflection and honest questions would have prevented them from falling quite so far.
Make the time to check in with yourself occasionally. If you’re overly stressed, anxious and are constantly worrying about your finances, it’s probably a good time to re-evaluate things. If you ever feel this way, don’t be afraid to jump in our ‘this-is-mental’ channel in Discord for some advice or to offload.
Undeniably, to even be in this space at all, we are greatly privileged, and we should not forget that, but it does have its pitfalls too.
The events in Ukraine are undeniably horrific. I can’t even begin to imagine what it must be like to live through it. The support the NFT and crypto spaces have provided to Ukraine has been wonderful to see, but I simply hope it comes to an end as soon as possible.
I’m in no way drawing comparisons between losses in the NFT space and the loss experienced by those caught up in the horrors of Ukraine. Absolutely not. I’m merely stating that such terrible events often trigger us to take stock of our own lives and there is real value in this time of reflection. To re-evaluate what is important. To reassess our core values. And to be ever so grateful for what we have.
Top 5 NFT Sales of the past week
Bored Ape Yacht Club #4580 (666 WETH or approx. $1.73mill USD)
Bored Ape Yacht Club #1837 (569 ETH or approx. $1.49mill USD)
Bored Ape Yacht Club #7076 (301 WETH or approx. $787,270 USD)
Ether Rock ID 99 (289 ETH or approx. $839,000 USD)
Axie Infinity #1157920892 (210 WETH or approx. $623,210 USD)
Note: The above list is in descending order of ETH/WETH value. This is not necessarily true of the USD value due to ETH/USD fluctuates throughout the week
Tip Of The Week - Nansen’s New NFT Indexes
The NFT space is evolving at breakneck speed with hundreds of projects entering the market and vying for our attention every week. With all this noise, it’s sometimes hard to get a grasp of overall market sentiment, and it’s certainly harder to judge sentiment within a specific NFT sector. But Nansen.ai have set about giving us a helping hand.
Nansen have recently introduced 5 new NFT indexes building on the popularity of their ‘Blue Chip Index’.
‘Nansen’s NFT indexes allow investors to identify how a market segment is moving against other segments and the broader market.’
The 5 new NFT Indexes are as follows:
These indexes offer new and valuable insights into the performance of the NFT asset class. Investors can benefit greatly by using tools such as this when making investment decisions.
For a more detailed look at these new indexes and how to use them, please read the full article here.
ZenAcademy and 333 Club Noticeboard
From this year onwards, the date 3/3 shall be celebrated in style. Zeneca will begin by raffling off 3 NFTs today and there’ll be raffles for the next 11 days.
CALLADITA, a project by one of our very own, a 333 Club member, is Live!
Join our poker nights, every Saturday 10pm GMT, with prizes to be won.
We have our Book Club starting soon, the first book will be Ready Player One.
Reminder: exclusive access to market health statistics and analysis every 12hrs.
We had our 1st edition of ZenTalks, a new series of live streams/AMAs that we're going to hold with various experts. If you missed our chat with @CryptoTaxLawyer, you can find it here.
A new weekly community initiative started 1st March, Weekly Creative Prompts! Find our more in our Discord.
Gratitude Circle event Thursday 3rd March 9pm GMT.
Nothing in this or any other ZenCaps publication should be construed as financial or investment advice. The views and opinions expressed in ZenCaps publications do not reflect those of Zeneca_33 or the ZenAcademy.
Always exercise caution within the NFT space and adhere to best practices when it comes to making any investments. There is plenty of potential, but this comes with inherent risks.
Stay safe, and as always, good luck.