NFT18

A recipe for how to make a successful NFT project By Gauthier Zuppinger, CEO of NFT18 (previously Nonfungible.com) https://lnkd.in/dUPbWsYg Analyzing NFT Market since 2018 Founder & CEO of NFT18 Former Co-Founder of nonfungibles His LinkedIn: https://lnkd.in/dXq37keN His Site: nft18.com #BananaConf2024 #BananaConf #web3 #Blockchain #GauthierZuppinger #NFT18 #NFTProject #NFTs BananaConf Tallinn is the Biggest Web3 & AI Conference in Nordics. The 2024 Edition gathered 140 Speakers and Attendees from 57 Countries. It took place on April 22-24 at Kultuurikatel in Tallinn, Estonia.

We're mentionned in the The Art Basel and UBS Global Art Market Report 2024 ! 🔥 From comparing Collectibles to the Art market, to sales volumes and USD figures, we're always excited to share our NFT market expertise so it can be included in more traditional market trend reports. https://lnkd.in/e4dt_QNs

Our report on generative art in the NFT ecosystem is out! We have analyzed 10 collections that we believe are representative of this new market: 🔹 Autoglyphs by Larva Labs 🔹 Chromie Squiggle by Snowfro 🔹 Ringers by @dmitricherniak 🔹 Fidenza by Tyler Hobbs 🔹 Trossets by Anna Carreras 🔹 Fragments of an Infinite Field by Monica Rizzolli 🔹 Meridian by Matt DesLauriers 🔹 Gazers by MattKane 🔹 Anticyclone by William Mapan Thanks to our collaboration for the co-writing of this report with Maugard Cedric, we were able to delve deeper into the context and history of generative art and how this movement has strongly inspired the most well-known artists in the NFT ecosystem. 👉 3 years later, what is the current state of the generative art market? 👉 Which collections have performed the best? 👉 Where do the inspirations for generative art algorithms in NFTs come from? 👉 What are the rarest traits in the collections? 👉 How has generative art evolved in 3 years within the NFT ecosystem? 👉 What are the future prospects for this market? In this report, you’ll find everything you need to know about the different styles, rare traits, collections about the generative art market in the NFT space. https://lnkd.in/guQaSaXS #NFT #MarketReport #GenerativeArt #Web3

Web3-Gaming will be huge!  While Web3 & Gaming are a great match and one of the most anticipated categories, January 2024 didn't went well for Gaming-NFTs! In the first month of 2024, we saw a huge decrease in sales in the NFT Gaming category! USD traded reduced by -29% and the average Floor Price of the Top 100 collections decreased by -50% Learn more here:

In 2023, the NFT market faced over $1 billion in losses, with the Collectibles sector bearing the brunt of these setbacks, accounting for more than 84% of the total losses, equivalent to $850 million lost on resale.  This was significantly higher than the losses recorded in other segments, with Art and Gaming experiencing $82 million and $74 million in losses, respectively, followed by Virtual Worlds at $63 million.  Notably, the Utility sector emerged as the least speculative, incurring a comparatively modest loss of $36 million over the year, demonstrating resilience amidst the broader market's challenges. For more detailed analysis and insights, visit our report: 

Despite experiencing a significant fall in transactions during the second and third quarters of 2023, with a plunge to a two-year low of below 2 million transactions in Q3, the NFT market witnessed a remarkable recovery in the fourth quarter.  Sales more than doubled to over 5 million transactions, nearly reaching the peak activity levels of early 2022, which boasted 6.5 million sales per quarter.  However, this resurgence in transaction volume contrasts with the dollar volume traded, which hasn't increased proportionally, indicating that the average price per NFT sold in Q4 2023 was notably lower. Explore more insights and the implications of these trends in our detailed report:

Is there a Playbook on how to sell out your 10K collections and generate 13K $ETH in 2 weeks? There certainly is a way to pull this off! And we have decrypted the best launch of 2024 (so far) so you can learn from it! COMING SOON in our February Report!

The Penguins are taking over! With 27.778 $ETH and 1.491 Transactions in the last 30 days solely on OpenSea  Pudgy Penguins had a Total Sales Volume nearly 2x as high than the Bored Ape Yacht Club! Now, just a few days ago, we witnessed what some called “The Flippening” with Floor Price (FP) of Pudgy Penguins being higher than the FP of the infamous Bored Ape Yacht Club! Additionally, the news broke that Greg Solano, aka Gargamel, is being reinstated as the CEO of Yuga Labs, the company behind the Bored Ape Yacht Club! Behind the success of Pudgy Penguins is CEO Luca Netz and his strategic push to expand Pudgy Penguins' brand beyond digital collectibles. By launching physical toy versions in Walmart and developing an open-world game, "Pudgy World," Pudgy Penguins is bridging the gap between digital and physical realms, contributing to its growing popularity and market presence.  Furthermore, the project has witnessed a staggering 597% increase in weekly transaction volume! Learn more about what took place in January here:

2023 witnessed significant downturns in many NFT collections, including the most hyped projects from 2021 & 2022 like Doodles, BEANZ, Bored Ape Yacht Club, and Moonbirds, all experiencing substantial losses in trading volumes.  Among the top 10 least profitable were three projects by Yuga Labs (Bored Ape Yacht Club, Mutant Ape Yacht Club, Otherdeed for Otherside, and Meebits) and two from the Azuki universe (Azuki & Beans), highlighting a trend where the most enthusiastically supported projects in 2021/2022 also saw the highest volume losses in 2023.  This suggests that the projects attracting the most traders, thereby creating speculative bubbles, have seen those bubbles burst, with traders now facing the consequences of these high loss volumes. Our key takeaway:  The most hyped projects in 2021 / 2022 are those with the highest loss volumes in 2023. Discover more insights and details in our full report:

Significant Drop in Activity! 📉 In January 2024 we witnessed Active Wallets, having bought or sold at least one NFT, drop by -26% to a total of 370k!  Active Collections reduced on an equal level with -27% to a total of 12k Active Collections. As expected, the market signals observed at the end of 2023 were not signals of the start of a new bull run that would crush everything in its path, but rather of a gradual return to market equilibrium, following a very difficult 2023.  We have potentially reached an intermediate plateau in the market's recovery. For more details, read the full report here: