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MTG Are Champions
What's Dropping, BAYC Update, NFT Buzz Breakdown, And More
Welcome to The Drop NFT Newsletter. Subscribe and join the discord for breaking NFT news, project breakdowns, & artist spotlights. Thank you for following along on this journey!
What's Dropping ⚡️
Psychedelics Anonymous Genesis floor has exploded to 1.42ETH (up over 100% in just 24 hours and yes we are still waiting for the reveal)
InBetweeners floor has also rocketed to 1.89 ETH which was shocking to many considering many were wondering if it would even sell out during the slow mint.
Last night another airdrop occurred called $GAS. See the Gas Dao Twitter breakdown and contract.
The Mega Mutant Serum now has a bid of 999 ETH 🔥
Here is a video showing the Ethereum Co-Founder Taylor Gerring using his Mega Mutant Serum on his Ape.
MTG & Champion?
Soon it will be incredibly difficult to deny that NFT’s are going mainstream. In the past month alone we’ve seen Nike and Adidas collaborate with multiple NFT collections. Now a brand new collection, More Than Gamers, has hinted at a collaboration with Champion. This isn’t super shocking since part of their roadmap explicitly states “MTG’s merch will be a significant component of our success.” (If you missed it, we wrote about this collection last week in our “Biggest Drops of the Week” article).
The floor price of the collection doubled from their 0.2 mint price to 0.44 during the earlier part of the week, but then shot up another 50% once a tweet hinted at a potential collaboration with Champion! In addition to merch being a significant component of the MTG roadmap, they’ve also explicitly stated on their website that “MTG has established connections with a number of TV studios to turn the More Than Gamers world into a limited series.” We shouldn’t be too surprised when this one starts making even more waves in mainstream media.
Yesterday Gannon Breslin was brought onto Yahoo Finance to discuss the future of NFTs. You can check out the full segment below 🔥
Bored Ape Yacht Club Update 🍌
Let’s talk about something that has been flooding my Twitter feed nonstop. Bored Ape Yacht Club, or BAYC, was released on April 30th, 2021. The project started off with a mint price of $200 per Ape, and has recently skyrocketed to a floor of 58.5 ETH, approximately $240,000 at the time of writing this article. The highest last sale in the collection is BAYC #2087, an angry ape with trippy fur and a bored cigarette. This ape sold for 769 ETH, valued at $2.31 million when it was purchased back on September 30.
BAYC has been spotted in familiar places, like Lil Baby and VonDoom’s Twitter profile picture, and even unorthodox places, like The Weeknd and Post Malone’s music video for One Right Now. The adoption that we have seen with the BAYC’s has never been seen before, with some speculating that the project will flip the floor price of the Cryptopunks (65.95 ETH @ $251,461), one of the oldest NFT projects to exist. Since April, BAYC has become an ecosystem of projects, including Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), and Bored Ape Chemistry Club (BACC). This exponential growth has even garnered deals with big names, such as Adidas. In total, according to the floor price of each of these collections, at the time of writing, the Bored Ape ecosystem is worth about 865,059 ETH, which calculates to approximately $3.31 billion. Yes; that’s a billion with a “B”. Compared to the Crytopunk's total value of 659,500 ETH, according to floor pricing, the Bored Ape ecosystem has already surpassed the Punks.
But, NFT aficionados and Punks will still stand by the price comparison between BAYC and Cryptopunks as stand-alone projects, which is only separated by a margin of less than around 6 ETH. It will be exciting to see what happens in 2022 in the battle between the Punks and Apes. Who are you betting on?
NFT Buzz 🎥
This is @yarramishog's breakdown of YBORG86 NFT
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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