Moonbirds showed us the future of funding

Gm gm,

New day new NFT coverage! It is pumped today haha, so enjoy!

Moonbirds showed us the future of funding

Moonbirds (I know I said no more Moonbirds but bear with me😅) showed us a new trend where the NFT space is heading. NFTs will become a tool for future startups to do fundraising. You might say: "wait a minute, this will make them securities, and SEC stops them, no?" Yes, it will, but we will have to figure it out. Where there is money and innovation, the builders find a way to (legally) do it.

We have already seen it happening in the NFT space but still on a small scale. You remember Pixelmon, right? $70 million funding secured with zero product. When startups like Pixelmon can raise this amount with zero product, think about how low the bar still is.

We will see the space become way more professional. Projects like Pixelmon will no longer have a chance, but projects/startups with great teams, great founders, and real innovation will choose NFTs to fund their journey. And I don't mean NFT startups; I mean any startups.

I am so convinced that as soon as the space becomes more transparent and easier to navigate through, thousands of angel investors who used to operate in Silicon Valley will move right into the NFT space. We will see more waves of money getting in, making the current trading volumes minuscule. The space will mature, and each of us will be an investor.

How long will it take? We are still good; it will take time. We can still enjoy degening and randomly aping in. But there is no question it will happen. And Moonbirds clearly showed us it is possible.

Mutants hitting 30 ETH floor and people getting ready for the Bored Ape Land

Yesterday I wrote an overview about the Otherside - a new Metaverse built by creators of Bored Apes - Yuga Labs. If you haven’t done it yet, you can read it here. It seems like people got excited overnight, and the floor of Mutants, for the first time, hit 30 ETH (~$90,000). For BAYC/MAYC holders, congrats. I know you guys are not selling, but it is still a nice milestone. For non-holders, there will be a chance to join the ecosystem via that NFT Land purchase, most probably in the upcoming days. And even if you skip the land drop, no worries, it is still early, and there will always be an opportunity to hit even one trade (one rare Moonbird, lol) to make it.

Scammers use verified Twitter accounts to trick you

We see new waves of scams, so let’s see the latest practices so that we can prevent them. Twitter verified accounts are currently the most popular way to steal from people. You either receive a DM that a new mint is live, or someone, typically with a blue-check, tags you on Twitter. Then there is a link, and if you click on it and approve the transaction, all your NFTs are gone. Please be careful. Always check the official Twitter account, and if you feel it is too good to be true, skip it.

Also, there was a Metamask phishing scam when scammers got access to the iCloud backup. If you used the iPhone backup and created your wallet via the app on your iPhone, the vault is now on iCloud. You can prevent it by turning off your backups, but I am sure we will soon see other ways how hackers access someone’s private keys that are stored online. The easiest way to prevent - use the hardware wallet.

Azuki finally introduces Beanz

It’s been almost three weeks since Azuki threw that IRL event in LA where Zagabond told people to check their wallets. Each Azuki holder received two piles of dust that shortly turned into unrevealed beans. Yesterday, Azuki introduced the characters that will reveal from the Beanz. Initially, the floor dropped until new rumors arose, expecting we will see more than only these characters. Azuki floor slightly dropped to the current 24 ETH.

Big sales

Bored Ape Yacht Club #1708 Bought for 149.69 ETH (≈ $456,000)

CloneX #16888 Bought for 70 WETH (≈ $206,000)

The Nightmare Imp Beast (Forgotten Runes Wizards) Bought for 84 ETH (≈ $252,000)

Hot NFTs

Source: Nansen.ai

• Murakami Flowers still unrevealed. The winners of the public lottery were announced yesterday, so the price dropped from 8 ETH to 6 ETH as new people who minted for 0.1 ETH were taking profits.

• “Something” is Beanz by Azuki.

• VeeFriends 2 first 18,000 minted - floor 1 ETH.

• CrypToadz and other pixel art popular again.

Crypto Watchlist

Tweet of the day

We are still early☝️😊 Have a great Tuesday!

- beast