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IMX Partnership With NFTrade

Gucci's Got It Right, Floor Tracker, What's Dropping

May 13, 2022

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Happy Friday - it's been a rough week, there's no question about it. But let's get through today and have an amazing weekend 😊

What's Dropping ⚡️

  • NFT band Kingship features four BAYC members who create rock tunes for degens. Publicly, the group is depicted by the groups held NFTs. They will soon be dropping their Key Card NFTs that allow entrance to gated experiences in an upcoming metaverse.

  • Doodles launched "The Dooplicator" which is a "backpack-sized device with extraordinary powers usable in our next major product release". Doodles' holders can acquire one for free + gas. Currently, the floor for the dooplicator is 2.89 ETH.

  • Kung Fu Tea will be launching its utility-based NFTs on Solana. The drop coincides with National Bubble Tea Day and consists of 8,888 NFTs that will provide lifetime rewards on the company's mobile app and at their 350 stores around the nation.

  • After our article explaining the Luna crash that you can read here, the price of $LUNA is now $0.000051 (that is not a joke). As I write this Binance just announced that they are suspending trading of LUNA/BUSD & UST/BUSD.

  • Nightclub E11EVEN Miami became the first establishment of its kind to accept cryptocurrency starting last month. They'll soon be launching their 11 Captains Club NFTs that focus solely on IRL utilities as they push their slogan "Non Fungible Nightlife".

  • Artyfact hopes to be one of the first metaverse projects built on Unreal Engine 5, which is a high-end development program for video games and animations. They plan to up the game when it comes to graphical and performance fidelity in the metaverse worlds. Check out their insane demo here.

  • Entertainment and digital ticketing tech company Yellow Heart is playing the long game when it comes to connecting musicians and fans with art and music. They are focusing on ticket protocols and the production of music NFTs.

  • MLB is teaming up with Sorare to launch the first MLB NFT-based game that will be free to play. We imagine a sort of management-style crypto betting system. The project should be launching this summer.

IMX Game-Changing Partnership with NFTrade 🚀

The NFT and gaming ecosystem is one of the most promising long-term use cases for NFTs. Last month, IMX and NFTrade partnered to enable gas-free minting and trading. The newer NFT marketplace, NFTrade, is allowing users to mint, trade, and potentially even swap NFTs! With tens of thousands of users and millions in daily volume, NFTrade is one of the top NFT marketplaces in the world. IMX has been establishing some incredibly strategic partnerships to boost the gaming and NFT ecosystem, including a previous partnership with Gamestop. Their partnership with NFTrade is expected to enhance marketplace liquidity, provide high-quality gaming content and improve the overall user experience.

It's safe to say IMX is crushing it in 2022

The key benefits to pay attention to regarding this partnership include providing more liquidity for users, more assets for users, zero gas fees, instant transactions, and carbon neutrality all within the ETH ecosystem. Additionally, NFTrade is the first cross-chain and blockchain-agnostic NFT platform. NFTrade indexes all available NFTs across all of their integrated chains, hosting the complete NFT lifecycle and allowing anyone to seamlessly create, buy, sell, p2p swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market. In terms of scalability, usability, and mainstream adoption– this partnership is expected to be a powerful one!

🚨 If you want to check out NFTrade's website click here.

This was a paid sponsored post in collaboration with Immutable X

Gucci's Got It Right 📈

To varying degrees of success different IRL brands have attempted to develop a reputation in Web3. Most fail because they don’t understand the needs and wants of the NFT market, don’t even understand what product to produce, and/or they believe that the NFT space is another avenue for monetization. In other words, they take for granted that their brand has universal leverage.

However, Alessandro Michele, GUCCI’s fearless leader has co-developed two successful projects; SuperGucci with Superplastic as well as 10KTF Gucci Grail with 10KTF’s fictional Wagmi-Sen. Click here to watch the animation of Alessandro Michele meeting Wagmi-Sen.

The 10KTF collection was made an exclusive drop, those who were able to mint their 10KTF did so if they either won an allowlist (which required owning one of eleven NFT projects) or if they were granted the privilege of maintaining engagement with the discord. With a mint cost of one ETH, minters received a finely swagged-out rendering of their original PFP. SuperGucci holders will receive a custom porcelain statue this summer. Meanwhile, holders of 10KTF can stake their PFPs in Wagmi-Sens Battle Alley. Alessandro’s commitment to the space is exemplified by his thoughtful executions and healthy floor prices. Gucci seems to be only getting started.

A Cool Cat repping the Gucci 10KTF rendering

If you are still confused 10KTF is all about please read the graphic below from the official website.

Meme Drop 💧

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

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