Everything will pass, everything will pass.
Written by: Cookie
Welcome to today's BlockBeats" Rune +NFT Observation". Today, I would like to discuss the following topics:
Is the Ethereum NFT era coming to an end?
I believe that you who continue to watch the articles in this column are players who love NFT like me. Owning a CryptoPunks is the ultimate dream of many NFT players, including you and me, when they first come into contact with NFT.
And now, the CryptoPunks floor price has fallen below 30 ETH, the first time since August 2021.
Another thing that makes me feel sad is that the full set of gold skin BAYC + 2 MAYC + BAKC, a total of four Yuga Labs NFTs, purchased by Three Arrows Capital for a total of about 140 ETH in August 2021 and March 2022, will be auctioned at Sotheby's on June 18. At the peak of NFT, the price of this asset should have exceeded 1,000 ETH. Now, the floor price of BAYC is less than 12 ETH.
According to cryptoslam.io, the top four networks in terms of real transaction volume in the past 30 days are Bitcoin , Ethereum, Solana , and Polygon . In the past 30 days, the total transaction volume of Ethereum NFTs was less than $160 million, and the total transaction volume of Solana and Polygon ranked 3rd and 4th exceeded $148 million, almost close to Ethereum, which was completely unimaginable in the past. Although Bitcoin NFT, which ranks first in transaction volume, only maintains a slight advantage of more than $10 million, the monthly real transaction volume of Bitcoin NFT has been greater than that of Ethereum since March.
Although cryptoslam.io also counts the transaction volume of BRC-20 as an inscription on the chain, making the transaction volume of the Bitcoin NFT ecosystem less "pure", in my opinion, Bitcoin NFT players themselves are a group that is inseparable from pictures, runes, and BRC-20, which is why I still think that Bitcoin NFT wins at this stage.
I never think that the golden age of NFT is gone forever. We will see the results of continued construction eventually reflected in market performance, just like this NFT value curve chart by Pizza Ninjas founder @TO. We will come back just like we never left.
But everything will pass, everything will eventually pass, and perhaps the golden age of Ethereum as the absolute center of NFT has come to an end.
Having concluded the discussion, let us continue with the project observation.
NFT New Project Observation
Writ of Passage by The Beacon
The Beacon @The_Beacon_GG was once a phenomenal blockchain game on Arbitrum that became popular at the end of 2022. At that time, we also gave a detailed introduction to the project as soon as possible (related reading: The Beacon: A "dungeon" game on Arbitrum and TreasureDAO).
A year and a half has passed in the blink of an eye. The Beacon recently updated a new event "The New Frontiers". By completing a series of game and social tasks, you can earn points to open treasure chests, from which you can get future The Beacon, $ARB and game props rewards. One of the rewards is the whitelist of the new NFT series "Writ of Passage" to be released soon.
Writ of Passage is a bit like the "battle pass" of The Beacon ecosystem. In the future, you can complete tasks to upgrade it to get more The Beacon Token airdrops, enter the second and third phases of "The New Frontiers" activities, and enjoy priority experience of future new versions of The Beacon and even new games.
We don't know the total supply and minting price yet, but we know that the series is scheduled to be minted in early July. The way to get the whitelist is to participate in "The New Frontiers". The more points you have, the greater the chance of getting the whitelist. Interested friends should act quickly.
Qio
Qio @QioLabs is the first blockchain social application built on Apple Vision Pro. The angle I chose is a bit pioneering, so I put it in... The investor lineup of this project includes Folius Ventures, Merit Circle, The Spartan Group, Animoca Brands and Galaxy, which is quite strong.
No further information is known at this time.
The Sports Meta
The Sports Meta @TheSportsMeta is an Ordinals PFP series with a total supply of 3000, and the minting price and time are unknown. The project is actually to build a Web3 sports community, based on which to build a gamified social platform "Dot Game" and a fashion brand "DXNK".
Their advisory team includes well-known figures in the NFT and even Crypto circles such as @andr3w and DeGods co-founder & artist @jonnydegods.
Scribbles
Scribbles @Scribblesby0xVM is the NFT project of @0xVM_BTC. 0xVM is a "modular Bitcoin execution layer". The partners currently mentioned include Razer, Jump Crypto, Huobi and Zentry.
Judging from some of the art previews that the project has released, I’m not sure if this is a PFP series... But from the empowerment point of view, 0xVM’s future token airdrops, pre-sale priorities, and ecosystem partner benefits are mentioned, so this series is classified as a Pass card for now.
Total supply is 888, Free Mint.
Bitcoin Keys
Bitcoin Keys @keysbitcoin aims to create an Ordinals staking platform that does not require the transfer of NFT assets. Through the snapshot method, Bitcoin NFT holders can pledge with their own small pictures.
Initially, the platform will only be open to Bitcoin Keys holders, with a total supply of 1,000 and a minting price to be determined.
Rune Observation
In the previous observation column, we mentioned REX. Meme is definitely the most important part of the rune ecosystem, but in addition to meme, I also hope to see some more interesting gameplay. So, this issue we will mention 2 more interesting runes. But first, we must pay attention to the fact that a free rune airdrop will take place in about 13 hours.
FOR•THE•CHILDREN
Earlier this month, rap legend and Wu-Tang Clan member Ghostface Killah swapped his PFP for Bitcoin Puppets. Apparently, he loves Ordinals so much that he’s pushing the rune FOR•THE•CHILDREN.
The story of this rune ticker dates back to the 40th Grammy Awards in 1998. Wu-Tang Clan missed the Best Hip-Hop Album Award that year. When Shawn Colvin went on stage to accept the Best Song of the Year Award, the late Wu-Tang Clan member Ol' Dirty Bastard walked onto the stage and talked about the Best Hip-Hop Album Award into the microphone, saying that Wu-Tang Clan was the best and left the classic phrase "Wu-Tang is for the children", creating a historic classic scene at the Grammy Awards and other music award ceremonies.
If you have the Ordinals item in the head, don't forget to check if you can claim the airdrop for that rune in about 13 hours. (Portal)
NO•ORDINARY•KIND
This is the 120th rune deployed by Seize CTRL @SeizeCTRL. To borrow Dr. large MC memecoin's introduction, "CTRL's self-positioning is a native cultural brand of Bitcoin in the post-fiat currency era." CTRL is definitely an OG who plays art on rare satoshis. For example, the following series, which is all engraved on Uncommon satoshis, has a total of 404, and the floor price is now 0.075 Bitcoin.
Last week, Seize CTRL released a new parkour game called “Stack Sats”. Playing the game gives you a chance to get a guaranteed reward from the new series “n0k” and a bonus coefficient for the NO•ORDINARY•KIND rune. It’s worth a try.
THE•INFINITE•MONEY•GLITCH
Their @TheInfiniteXYZ meme was so good that it took me some time to confirm whether they were really going to make a Degen game on Bitcoin... In the end, I concluded that they would do it, because the Official Twitter pinned tweet video mentioned "Game Item Mint" at the end.
This is a Pre-Runes project, which means there is a pre-mining "mining machine". I will not introduce the specific corresponding project here. Interested viewers can find out by themselves. I am keeping an eye on their specific gameplay, but I have not yet seen what kind of game it will be.
