Solana NFT Alpha

Missed the latest DigitsClub NFT AMA? In this article, you will find the full recap of the discussion on the NFT market today.
Let’s start with the overall market overview. According to NFTGo, the general sentiment is “cool”. There are more sellers than buyers.

NFT Market Sentiment
NFT Market Sentiment

When it comes to the blue chip NFT Index, things are moving up in a 30 days perspective.

Blue Chip Index
Blue Chip Index

In case you want to check the top collections as of today, you may find them here. We will also cover some of them.

To start with, Doodles is definitely worth checking. 

Doodles are a collection of 10,000 Ethereum NFTs that are made up of hundreds of exciting visual traits designed by Burnt Toast. Hand-drawn Doodles include skellys, cats, aliens, apes and mascots. The Doodles collection also includes dozens of rare heads, costumes, and colorways of the artist’s palette.

The team uses “working aliases” and are known as Tulip, Burnt Toast, and Poopie respectively. Before Doodles, Keast and Castro were already well-established in the NFT community, as they helped launch the legendary NFT project known as CryptoKitties in 2017. Martin, meanwhile, had been minting his own pieces and growing his creative brand within the NFT space for about a year.

The way the team does their business is admirable. The Doodles 2 collection will span millions of avatars, feature a vast array of traits, and contain over 10,000 original NFTs along with wearable items.

They will not be just JPEGs, we are talking about audio and visual NFTs. We may expect GIFs, moving pictures, etc. 

Eventually we may find ourselves in a situation where more and more NFT collections will be choosing this approach. NFTs are bringing power back to the creators and artists. 

Now let’s move over to Solana. If you are looking for a free analysis tool to give you an idea of what’s going on in the Solana NFT space, SolSniper is a must for you.

Before we start diving into its NFT collections, let’s briefly discuss the Solana phone. 

As a reminder, Solana Labs introduced the Saga smartphone based on the Android operating system. The device is expected to go on sale in early 2023 at a price of $1,000.

The smartphone will allow you to store digital assets and NFTs, sign transactions, and pay for purchases through Solana Pay. The device will support Solana-based apps and will have its own dapp Store.

Solana Labs has said it intends to develop the Saga ecosystem with partners like NFT marketplace Magic Eden, DeFi-platform Orca and non-custodial wallet Phantom. 

The Solana Mobile Stack is already available for download on GitHub.

In our opinion, the idea of a device allowing web3 apps and dapps introduces a seamless way for mass adoption.  

Talking about biggest market caps among Solana NFTs, DeGods is leading the chart. 

DeGods is a collection of 10,000 NFTs that were minted on Oct 08, 2021 at the price of 3 $SOL. Currently the floor price is 285 $SOL.

DeGods - NFT Collection
DeGods – NFT Collection

What makes them so unique?

  • Community – top influencers are using these NFTs as their profile pictures (e.g., @CryptoAnglio);
  • Team performance – there is a DeMap, a website with a map where you can see the location of all DeGods holders and optionally list yourself (if you are a holder, of course);
  • Paperhand Bitch Tax, a.k.a 33.3%, a tax prescribed for all holders who sell below Floor price or below their purchase price. This tax is also used to buy DeGods from the market and burn them;
  • Utility – the project has its own native coin ($DUST), which is used to get spots in whitelists, participate in raffles and bidding for other NFT collections, and turn DeGods into DeadGods.  

Speaking about $DUST, it is not only used with Degods. Other Solana projects are also turning to it. 

After DeGods, Solana Money Business is another top collection. 

Solana Monkey Business
Solana Monkey Business

The main 5,000 NFT profile picture collection is made up of smiley, distinctive pixelated 24×24 monkeys. The SMBs have over 99 traits and six generative layers, with some of the rarest commanding substantial price premiums on the secondary market.

While you can purchase the collection on Solana NFT marketplaces like DigitalEyes and Magic Eden, one of the first things that the project did was launch their own marketplace. We have seen this with projects like CryptoPunks, as they attempt to keep the project as decentralized as possible and create their own interface for buying.

MonkeDAO is a community-founded DAO that is separate from Solana Monkey Business, but is exclusive to owners. They were the first DAO to launch a SOL staking pool, and add value back to the community through DAO innovation. There are plans for a $MONKE token, Monkeverse 3D Avatars, and more.

There have been a lot of arguments inside the community which lead to the following news:

Hopefully, this change will contribute to the new take off of Solana Monkey Business.

Moving on to mid chip NFTs, let’s discuss CETS ON CRACK.

Cets on Creck is a collection of 6,969 NFT that were minted on Mar 11, 2022 at the price of 2 $SOL. The floor price at the moment is 42 $SOL.  

The art of the collection is dope, and the team is very bullish on what they are doing.

Another mid level collection to look at is The Catalina Whale Mixer. When the bull run comes back, you may see it reaching its all-time high (almost 150 $SOL) or even surpass it. 

However, you should be mindful that if it made such a dramatic dip recently, there may be some underlying issue. As always, DYOR (use NFTSoloist, for example). 

When it comes down to determining whether NFT collection is good or not, there are some criterias: 

  • Art/Meme Ability 

NFTs should make people want to change their profile pictures. It doesn’t necessarily have to be a super realistic 3D art, but prone to become viral. 

  • Team

Team is vital to check both in NFTs and crypto space. Creators, strategy, background, being doxed or not – all these accounts for the good project.

  • Utility

It is obviously important to check whether the collection is bringing any value to the holders.

  • Organic Traction 

Here we are talking about how many people are organically following the collection via Twitter, Discord, etc. It is necessary to check these figures both before and after the mint!

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