Morning Minute | Gary Vee Is Making The Next Cocomelon

TylerD's Market Summary

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📺 Gary Vee's Blockbuster TV Deal

Gary Vee has been building in silence for what feels like years now.

At least year's VeeCon, Gary was very vocal that his goal was building out IP for children - books, TV shows and more.

Well that building may be coming to fruition.

What Happened?

Yesterday Gary Vee and team announced a new partnership with Moonbug Entertainment to create a content franchise based on VeeFriends IP.

If you don't know Moonbug, they are the global entertainment company behind major kids shows Cocomelon and Blippi (arguably 2 of the most successful in the world).

Here's the TLDR of the announcement:

• What: "VeeFriends" will be a 2D-animated show, set in the VeeFriends universe
• Who: Show is targeting kids 6-11 and their families
• Where: YouTube
• When: Scheduled for release Summer 2024

It looks like Gary might actually pull this off.

Why It Matters

Pudgy Penguins have been hailed for their work with Pudgy toys and opening up top of funnel via mainstream expansion.

Well it doesn't get much more mainstream then launching a (potentially) successful children's series.

If the show becomes popular, toys and books will certainly be next. And of course, digital product integration opportunities open up.

This is probably one of the single best outcomes long-term holders of VeeFriends NFTs could hope for.

The market has mostly shrugged it off so far (+5% to 1.09 ETH), but we will see how long that lasts.

💰 Memeland Stakeland Details Arrive

It seemed that Ray and the Memeland team had been cooking up something big for quite some time.

Yesterday we found out what it was - Stakeland.

Stakeland is a "Social Staking Protocol" that is effectively a combination of a staking platform and a token launchpad / project incubator.

With $MEME holders and Memeland community members set up to benefit.

How it works:

• Users stake their crypto assets (tokens) for a specific period of time and earn "Steaks"
• Users burn those "Steaks" for tokens from new projects (early stage participation)
• Users can execute quests to learn more about projects
• Actions are 0 fee except for gas

So it does require a bit of active participation for users to receive max benefits, in choosing which projects they want to participate in (stake for).

Those new projects are incentivized to use Stakeland because of the access to Memeland's existing community, investors and existing support system.

The team also offers introduction to market makers, listings teams, tokenomics and more.

With Stakeland v0, the platform will launch with just its most fundamental features.

But with upcoming launches, users can expect new tokens, staking tiers, stablecoin staking, leaderboards, quests and more.

Why It Matters

For one, it's cool.

$MEME holders can effectively become VCs, choosing which projects to stake and get early access tokens for.

For the project, it's a strong flywheel for $MEME itself. As new launchpad projects do well, users who hold those tokens will get richer. Others will see this, and want in - and $MEME is the entrance fee.

Plus it needs to be staked for program access, meaning lower float and sell pressure.

There was some initial push back from some holders who were upset more of the $MEME didn't unlock with the announcement (accrued by NFT holders), which led to a 15% dip in Captainz.

Short term price action aside - Stakeland is set up to be a home run.

Now they just need A-tier projects to incubate.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• Ethereum led NFT trading volume with $20.6M on the day; BTC was next with $12.5M and then Solana with $8.7M
• The ETH NFT leaders were very red again; BAYC -12% at 14.5 ETH, Captainz -16% at 4.27, MAYC -17% at 2.15, Azuki -4% at 3.0 and DeGods -10% at 1.4
• Sappy Seals debuted their new open-world game with a live demo happening today (floor up 10% to 1 ETH)
• Lil Sappy's minted out for 77 ADA (on Cardano) and doubled to a 175 ADA floor
• NodeMonkes were the top Bitcoin mover on the day tallying 30 BTC in volume, though the floor fell to 0.47 BTC; other leaders also fell, with Puppets at 0.163, Quantum Cats at 0.284 and RSIC at 0.075
• New BTC NFT launch Apostles of Greed opened at a 0.013 BTC floor
• A Taproot Wizard is effectively auctioning at Sotheby's as the Golden Cape Quantum Cat went up for sale yesterday
• Solana NFTs were led by Bodoggos on the day up 30% to a 9 SOL floor; Mad Lads even at 198 SOL, Tensorians -5% at 52
• Solana NFT marketplace SolSniper teased a new launchpad coming soon

💰 Token, Airdrop & Points Tracker

Highlighting the major token or airdrop news from the day.

• NFTfi announced a massive new $6M Series A1 raise to build out its settlement protocol ahead of its "decentralization journey" starting on March 26
• Ethena is offering 80% APY on deposits of USDe, with $900M already deposited
• Bodoggos holders were airdropped a MUMU token yesterday
• Wormhole released new details on its airdrop algorithm and rewards
• Blast updated its USDB yield from 5% to 15% (plus points) following MakerDAO's latest yield update (holders don't need to act to receive the better yield)
• Wasabi followed up the Blast announcement with its own, sharing that it's USDB LP yield has jumped from 11.4% to 21.4%

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are mixed this morning; BTC +0.5% $71,800; ETH -0.5% at $4,008; SOL +1.4% at $150
• New memecoin $NICK soared to a $40M marketcap after the phrase "choose rich" continues to go viral across crypto X
• Van Eck has removed all trading fees on its spot BTC ETF product until March 2025
• UK regulators (FCA) are set to allow crypto-related securities, such as the creation of their own version of BTC & ETH ETFs 
• A Bloomberg analyst described $WIF as "catching the meme zeitgeist" in a TV segment yesterday (though it has since fallen 10% to $1.9B)
• MapleStory Universe is partnering with Avax for its gaming ecosystem
• OPEN is coming to the Readyverse to bring a AAA gaming experience to the metaverse in a collaboration from Futureverse and the creator of Ready Player One

🚀 NFT Total Volume

• BAYC ($3.06M, 14.5 ETH Floor)
• CryptoPunks ($2.5M, 50 ETH)
• Froganas ($1.9M, 5.8 SOL floor)
• NodeMonkes ($1.85M, 0.47 BTC floor)
• Captainz ($1.6M, 4.27 ETH)

📈 NFT Floor Price Increase (ETH)

• Pirate Nation (46%, 0.43 ETH Floor)
• Asterix (30%, 0.83 ETH)
• Pandora (20%, 6 ETH)
• Velocity Series (17%, 0.41 ETH)
• Checks - VV Originals (16%, 0.24 ETH)

🗓 Upcoming NFT Mints and Reveals

Today has a full list of drops and events.

Quantum Cat artist FAR is back with EarlyGANs, a set of 190 NFTs priced at 0.033 BTC, likely the art highlight of the day.

Sappy Seals launching their open world demo for Seals Come Home is likely the highlight in the PFP space. Pending its success, Seals may see a big move.

See the full list and dive in for more details with Swizzy's daily mint monitor. 

• Blackmirror - Experience (9:00 a.m. ET)
• Degen Distillery - ORIGO X (11:00 a.m. ET)
• Superhchief - All Cats Are Beautiful (12:00 p.m. ET)
• FAR - EarlyGANs (3:00 p.m. ET)
• Sappy Seals - Seals Come Home (TBD)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.