GM - this is The Snapshot, edition #105.
This is what I’ve got for you this week:
This Week In NFT World - Pudgy Penguins surge 78% this week
Sponsored Post - Lil Nouns Vote On 2.2 ETH Audio Clip Prop
Notable Sales - CryptoPunk, Azuki, Pudgy Penguins
Creator Focus - Growing to 2.3k newsletter subs & 100-150 live listeners
For sponsorship enquires, please DM me on Twitter.
Have a great day,
B
This Week In NFT World - Pudgy Penguins surge 78% this week
The Pudgy Penguins went parabolic this week from 12 ETH ($30,000) to 19 ETH ($48,000).
The first sweep of buying was a clean move without leverage.
Context from @CirrusNFT:
"Long time Peng holder has swept 26 Penguins in the last hour for 349E ($900,000) and pushed the floor from 12 to 14. 0 buys on leverage and he hasn't sold a Penguin in 7 months. Bro is trying to push them to flip BAYC by himself"
Then on Thursday it ripped up another 5 ETH with haste.
Why is this happening?
My bet: there will be a liquid token for NFT holders at some point (though that has not been confirmed by the team).
Some other crucial penguin data for your analysis:
Franklin Templeton crypto intern tweets: "you unsure how to feel about Laser Eye Ben? Just think instead of Ben wif hat"
It’s pretty crazy to see trusted financial institutions hand their X account over to their interns to embrace crypto/meme culture.
"When I was a tradfi trader Franklin Templeton were known as a large sleepy old asset manager. The fact they are bull posting about memecoins is wild. Crypto culture gonna revolutionise finance."
Context from @rektmando
What does this mean for the market?
The institutions are coming? It may actually be true this time.
CryptoUndeads floor sits at 12.5 SOL with $6.7M first day volume
CryptoUndeads released this week as the first super hyped mint for some time.
At 2.5 SOL ($250) mint price, they were easily profitable for every minter.
Whitelists traded as high as 20 SOL ($2,000) before the collection went live, and the collection has since pulled back to around 12 SOL.
The art is not revealed yet - so the market will need to decide if we go higher or lower when that happens.
YugaLabs Gaming announces Dookey Dash 2.0 and Gaming Council
DookeyDash is back!
The simple, fun gaming experience zooming through the sewers is back for a re-run.
Is this bullish for Yuga Gaming? Yes!
It doesn’t matter that this is a “simple” game.
It brought a lot of competition and virality the first time around - and attracted one of the most famous gamers who took home a $1M prize.
I think it will do the same again.
Fun games + big prizes = fun competitions.
Blast testnet goes live with Dapp competition to get infront of 100k users & $1.3B
"Winning dapps will be promoted to Blast users upon mainnet launch in late February. Whether you’re a late stage project or starting out with just an idea, the Big Bang competition is the best way to get in front of the Blast community."
Blast has attracted more than $1.3B as a new Ethereum L2 and 100k users.
Blur is the most successful NFT protocol to date.
The team behind Blast is the team behind Blur who masterminded the vampire attack on former king NFT marketplace, OpenSea.
This is why so many people are betting on them to win again with Blast.
With so many L2s now - and with more coming to market - it appears that they have worked very hard on incentives and gamifying the whole dev experience into a competition (full details here)
If you’d like to participate by depositing ETH into Blast, my referral link is here: http://blast.io/0VNF5
You can read more on the thesis here.
Sotheby's launches Natively Digital auction for Bitcoin Ordinals
Bitcoin Ordinals have been getting a lot of attention recently.
Sotheby’s are running a curated Bitcoin Ordinals lot right now, with this cat attracting a $120k bid - 4 more days to go.
Why is this cat so expensive?
It’s a 1/1 from the Quantum Cats, which is connected to the highly anticipated Taproots Wizard BTC mint later this year.
(Yes - it all makes perfect sense.)
@williamapan to release 35 editions of Centrifuge with Avant Arte
"Centrifuge is a new series of 35 unique generative artworks that we turned into textured prints. Launching on 24 January each of the outputs are a display of kinetic movements based on William's experimentation with ink flows on paper. No detail is sacrificed in the translation from digital to physical, with each print comprised of 18 layers of tangible printed detail."
William is one of my favourite artists so had to share this great piece.
Sponsored Post - Lil Nouns Vote On 2.2 ETH Audio Clip Prop
Lil Nouns DAO is currently voting on a 2.2 ETH proposal by Drew to create audio clips for The Lil Nouns Show.
This is the proposal breakdown:
• You’ll get three clips weekly, all extracted from the weekly episode which is hosted every Monday 6pm (making it a total of 12 clips monthly)
• I’ll design a unique template of your show, incorporating it’s colors and overall branding with a distinctive intro and outro. The customized template will be consistently applied each week for new clip creation
• I’ll curate interesting timestamps weekly from the clipping process (would love to collaborate with the hosts to maximize efficiency and the quality of the clips)
• Expect each batch of clips to be delivered within a maximum of 24-48 hours after the episode airs so that we can make sure they are as relevant in time as possible.
This is just another example of Lil Nouns DAO governance in action. It is not passing at the moment, but will have to wait to see what happens at the conclusion of the vote!
If you are curious about contributing to a cutting-edge DAO and getting paid to bring your ideas to life: check out our website.
Notable Sales - CryptoPunk, Azuki, Pudgy Penguins
CryptoPunk, Hoodie - 190 ETH ($475,000)
Azuki Spirit, 95 ETH - ($236,000)
CryptoPunk, Spinner Cap - 134 ETH ($347,000)
Pudgy Penguin, Gold - 40 ETH ($102,000)
Creator Focus - Growing to 2.3k newsletter subs & 100-150 live listeners
10 key reflections on how I have grown this newsletter & our daily show:
1. The sum is greater than its parts - the reputation you get from building something and being consistent can be worth as much as the headline numbers.
2. One step at a time - People always ask me about monetisation when they just start. You have 50 things to do first before even thinking about that. One. Step. At. A. Time.
3. Long terms partners > short term sponsors - If you are a solopreneuer, negotiations will take a lot of your time. It's not worth your time to have to negotiate with 50 parties over a year. Choose few, take less money, go longer. My partnerships with @ChimpersNFT @lilnounsdao & @gondixyz have been crucial
4. No waste - When you are low on resources, you have to try to do as much as you can yourself. Should I hire someone to do clips, or should I use AI tools first? AI first, understand the tech, outsource if it meets business needs after.
5. Daily vs weekly vs monthly: the more the better - My newsletter was good when it was weekly. It is better now that I have the daily publication on X and the daily @modernmarket show on X and YouTube. Get into people's routines.
6. Be creative with deals - When you have multiple publications/channels, you can be creative with how you give exposure to partners. It doesn't have to be purely one newsletter slot or one ad read.
7. Find people to rely on - My cohost @Legendary_NFT is crucial to the show. You should match on work ethic and complement/contrast each others knowledge/skills
8. Make a plan with targets - The Modern Market and The Snapshot has a 2024 plan, with objectives and targets for product, community, and partnerships - all to be reviewed after each quarter.
9. Do not let plan making stop you from doing - Be a doer. Planning doesn't mean anything without execution. Execute relentlessly every day.
10. Take responsibility for your success - you will be surprised by how much you can achieve when you take responsibility and stop looking for others to help you up. Success attracts success.
Have a great day,
B
Disclaimer: The content covered in this newsletter is not to be considered as investment advice. It is for informational and educational purposes only.
I hold some of the NFTs mentioned in these newsletters