For the Love of the Game (Market Commentary) |
Memecoins rekt us. Crypto gains have mostly eluded us. In NFTs, the magic has been gone for
years.
But most of us agree, it’s just a matter of time until one of these returns to form this year, and after a major mint took the NFT community by surprise last week, there’s a chance that the vibes might really be back in NFTs.
From big hype for upcoming mints to two surprisingly high quality NFT collections, this past week in NFTs brought some of the old magic we loved about NFTs in
2021/22.
Let’s get into what has the community vibing like the old days and thinking NFTs might (MIGHT) be back. The Vibes are Back in NFTs! Out of seemingly nowhere, the good vibes have returned to NFTs via a hot new NFT collection called Good Vibes Club. The team's real world experience creating marketing experiences for major brands like Google, Facebook, Ford, Reddit, etc, plus a partnership with the SuperRare NFT platform gave this collection a type of legitimacy that is rare to find in Web3. - The Good Vibes Club sold out at primary sale with NFTs priced at .069 ETH and has climbed as high as .63 on secondary markets within 4 days.
- So far, the collection has traded for over $3.5m on secondary, and has accumulated over 150 sales at 1+ ETH. The top sale is GVC #975, a rare 1/1 called XRay, which sold for 9.9 ETH ($18K).
- The GVC team is composed of established doxxed community members and builders who have been creating the collection’s art and curating the outputs for 3 years.
- Royalties are enforced on secondary sales via partnered marketplaces like Magic Eden and OpenSea, and so far the team has brought in roughly $200K in fees.
Sam Spratt’s now iconic Masquerade NFT which sold
for $3M last month saw the conclusion of its interactive experience with the end of player inscriptions on his art and the reveal of player’s masks. The masks are unique 1/1 NFTs which fetch a premium on secondary markets. - Sam has a council which helped him deliberate on which players of the Masquerade would win the
coveted Creation, Destruction, and Balance masks. The winners were Roger Dickerman (Creation), ekaitza (Destruction), and 0xparabolamusic (Balance).
- The mask reveal arrived on the Nifty Gateway NFT platform on March 13, and saw massive
secondary sales for as high as $18K.
- Each mask’s art was inspired by the player’s narration that they inscribed on the Masquerade artwork. While some players added to the lore of the piece by role playing, others took the opportunity to describe the way they wanted Sam to craft their mask. One player even left a “dick pic” as his contribution to the artwork, and taking it in stride,
Sam included the same image right on the player’s mask.
- The Masquerade along with Masks of Luci will be on display at the Toledo Museum of Art in
July.
Nobody Wants a Taproot Wizard. One of the most anticipated NFT collections in years is finally arriving, and it’s coming to the Bitcoin blockchain next week. The Taproot Wizards team, who previously launched the popular Quantum Cats collection, finally revealed mint details, pricing, and supply size, and boy oh boy did the community have strong opinions on it. - The Taproot Wizards will be a 2,121 ed collection on Bitcoin (previously inscribed around 150k inscription number), and will mint in phases to whitelist winners, holders, and some in a public sale.
- The public will have an opportunity to mint Taproot Wizard NFTs later this month during a dutch
auction (falling price, likely no lower than .2 BTC), whitelist winners will be eligible to mint for .2 BTC, and collectors who hold a dead + alive Quantum Cat (called Entangled Cats) will be able to mint at a discounted .1 BTC.
- A 5th quest in the Taproot Wizards community was announced to give the public an opportunity to win a whitelist spot for the upcoming mint. To participate you needed to record a video showing how you would raise the .2 BTC needed for the sale. Over 1,500 entries were submitted.
- The collection is inspired by the early days of Bitcoin when a drawing of a wizard on Reddit inspired a classic Bitcoin meme calling BTC “Magic Internet Money”, and is intended to be a premium NFT collectible on the world’s biggest and oldest blockchain.
- DMarket sales fell -2.63% to $10.11M with sellers falling -6.08% to 24,294.
- Quantum Cats sales are up +528.88% to $4.84M as traders exit the collection or buy a 2nd cat for a Taproot Wizards mint (at a .1 BTC discount). Buyers
are up +725% on the week to 363.
- Good Vibes Club entered the Top Ten with $3.63M in sales and 2,221 unique buyers on the week.
- CryptoPunks sales are down -12.46% to $3.55M with buyers down -3.33% to 29. The top sale was CryptoPunk #4220 which sold for 134.69 ETH ($251K).
- Pudgy Penguins sales are down -8.79% to $1.82M with buyers up 37.50% to 88. Their $PENGU token is now listed on Robinhood US, and the team also announced a new claw
machine that will be in arcades around the country, while their parent company’s website won an award for website of the year.
- Ethereum sales are up +13.46% to $34.17M and total buyers are up
+54.14% to 33,603.
- Bitcoin sales are up +11.60% to $22.98M with buyers up +511.75% to 22,078.
- Mythos Chain sales are down -1.88% to $15.29M while buyers climbed +187.44% to 36,827.
- NFT sales have now fallen for the 4th straight week to $92.79M, a new 2025 low and the lowest sales volume since the week of Oct 28.
- Buyers, sellers increased from the prior week while transactions fell over 17% to their lowest level since the week of May 31 2021.
The CryptoSlam 500 NFT Index fell -2.39% in the past 7d and the market is now on an 8 week streak of falling value. ETH NFT Composite - 584.20 (-4.41%)
SOL NFT Composite - 515.97 (-0.13%)
POL NFT Composite - 4.81 (-1.64%)
CAR NFT Composite - 547.34 (-0.14%) AI crypto had a much needed upswing with the market cap climbing up to $4.8B. Solana hosted an AI Summit on Sunday with top builders speaking at panels to talk about the future of AI on the blockchain. - SLAMai saw their $SWARM token price climb to $1.8M ahead of their listing on CoinGecko, and their
major announcement yesterday of a new agent launchpad called SLAM.fun. Agents launched on this launchpad will be powered by CryptoSlam data like the flagship The SWARMai agent.
- Virtuals announced their first Virtuals ACP Hackathon with $100K in prizes for the best agent
business. They also announced details about their next 2 Agent Commerce Protocol swarms, which will be an autonomous hedge fund and trading DAO, and an autonomous media house.
- Kolwaii, an AI engineer agent, will be migrating to Base on the Virtuals platform to become part of their agentic nation along with
the State of Mika agent.
- KaitoAI’s X account was compromised over the weekend and some tweeted FUD caused their $KAITO token
price to fall. The bad actor had taken out a short position against the token, which has since recovered its price.
- WayfinderAI’s highly anticipated TGE arrives soon and it’s coming from a proven team who built the
Parallel TGC and Parallel Colony. It’s now a top performer by mindshare on Katio as farmers try to accumulate tokens for tweeting.
Crypto saw a solid recovery over the past week with $BTC climbing +5.8%, ETH +2.7%, SOL +8% and XRP +14.5%. It’s a combination of market manipulation and the looming tariffs still casting a shadow over the market, but good CPI numbers last week
has traders cautiously optimistic..
Top Gainers 7d
TON - $3.46 (+35.9%)
KAS - $0.07581 (+28.3%)
PEPE - $0.0000073 (+28.3%)
ATOM - $4.64
(+27.4%)
TKX - $33.60 (+25.1%) Top Losers 7d
MOVE - $0.4475 (-10.2%)
ENA - $0.3772 (--9.8%)
TRX - $0.2207 (-4.1%)
HYPE - $13.27 (-3.8%)
AAVE - $174.83 (-3.2%)
Be smart and keep your finger on the pulse of this market, by keeping your eyes on CryptoSlam and the indexes. You can stay plugged in by fixing your vision on our new daily Web3 live show called Chain Reactor.
Have a MEGA GM!
— Yehudah Petscher |
AI Hallucination refers to instances when artificial intelligence generates false, misleading, or completely fabricated information that appears plausible. This happens when models like ChatGPT, Bard, or other AI systems attempt to
predict responses but create statements not grounded in actual data. These errors can range from minor inaccuracies to entirely fictional claims, making AI hallucinations a critical challenge in ensuring reliable AI-generated content. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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