NFT News

Sorare NBA Adds All-Offense and All-Defense Contests Starting Next Week
Sorare NBA Adds All-Offense and All-Defense Contests Starting Next Week
Jason Bales

Sorare is adding new weekly competitions to its NBA platform starting on Dec. 16 for Game Week 18, according to a recent announcement from the team. 

The new weekly competitions will include All-Offense and All-Defense contests, where managers build their rosters based on new scoring criteria.

All-Offense scores include points (1 per), assists (1.5 per), rebounds (1.2 per), three-pointers made (1 per + 3 points), double-doubles (1 per), and triple-doubles (1 per).

All-Defense scores include steals (3 per), rebounds (1.2 per), and blocks (3 per).

The schedule for the upcoming contests is as follows:

  • Game Week 18 - Friday, Dec. 16
  • Game Week 20 - Friday, Dec. 23
  • Game Week 21 - Friday, Dec. 26

For more information, see Sorare's official announcement here.

Sorare NBA Adds All-Offense and All-Defense Contests Starting Next Week
Digital Collectibles Firm Raises $10M to Bring NFTs to Branded Loyalty Rewards Programs
Digital Collectibles Firm Raises $10M to Bring NFTs to Branded Loyalty Rewards Programs
Jason Bales

Forum3, a branded digital collectible and strategic advisory company, raised $10 million to accelerate its effort to bring NFTs to branded loyalty programs, such as Starbucks.

The round included Polygon Ventures and was led by Decasonic. Bloccelerate, Liberty City Ventures, Arca, and Valor Siren Ventures were also involved.

"Forum3 demonstrates the necessary domain expertise and management experience that is truly unique among investment opportunities I’ve seen in the web3 space,“ said Paul Hsu, Founder and CEO of Decasonic. “Decasonic invests in companies we believe will pioneer web3 in a way that will evolve society and develop value, and Forum3 has the discipline to deliver just that with the next generation of consumer brand loyalty using digital collectibles.”

To date, Forum3 has created web3-based loyalty and engagement solutions for industry giants Starbucks, The Boston Globe, and Ben Mezrich, a New York Times bestselling author.

This new seed raise will allow Forum3 to continue its goal of introducing big brands to the benefits of blockchain and NFT technologies.

“I’m passionate about the use of storytelling and digital collectibles as an entirely new form of loyalty, that we call experiential loyalty,” said Adam Brotman, co-founder of Forum3.  “To be a part of Starbucks adding to its digital flywheel by innovating on customer engagement and loyalty once again has been thrilling.”

Starbucks is one example of how web3 technologies can change how brands interact with their customers.

"At Starbucks, we are committed to a never-ending pursuit of innovation that will surprise and delight our customers and enable us to form more deeply connected relationships,” said Brady Brewer, Starbucks CMO. “Our customers have shown us that connecting with Starbucks and the community is rewarding, and that engaging in gamified experiences or finding collectible aspects of Starbucks are part of the elevated experience."

"Our partnership with Forum3 has been instrumental in shaping the design and implementation of Starbucks Odyssey, our next innovation with Starbucks Rewards, powered by web3 technologies," Brewer continued. "Starbucks Odyssey will offer a combination of unique experiences, benefits, gamification, and digital collectibles for customers and we intend to collaborate with our customers and partners on the path ahead.”

The funds will be specifically used to build a Forum3 digital platform designed to make it easier for brands to access web3 technologies and build their own customer engagement strategies; create community and content tools that focus on consumer brand collectibles and digital community; and scale the current strategy digital advisory services Forum3 offers to expand its customer roster.

Digital Collectibles Firm Raises $10M to Bring NFTs to Branded Loyalty Rewards Programs
Psychedelics Anonymous Takes Snapshot of Stakers for 'New Dawn'
Psychedelics Anonymous Takes Snapshot of Stakers for 'New Dawn'
Jason Bales

The snapshot of all Psychedelics Anonymous Genesis holders has been taken in preparation for New Dawn, the project's upcoming trait-swapping marketplace.

All wallets, assets, and their corresponding levels in the Mycelia will stay intact, according to the team.

This is part of the first phase of New Dawn, which allows holders to deconstruct their Genesis NFTs and extract all the traits.

"Phase 1 begins with exploring digital identities," the New Dawn team wrote on Twitter. "Every [Psychedelics Anonymous] is New Dawn-enabled. On launch, you can extract your Genesis traits, equip new traits, and construct your new identity."

When the new identity is constructed, the Genesis NFT will be sent from the holding contract back to the holder's wallet.

This is an attempt to change how NFT projects think about rarities and digital identities.

"Rarity matters, but digital identities matter more," New Dawn said. "With new traits, PFP manipulation, and fashion trends evolving, we want our community to be able to express themselves as they wish. Open rarity takes on a new meaning with revolving trait mechanics."

Phase 2 is expected to start in Q1 2023, which introduces peer-to-peer trading of traits across wallets. It also includes the buying and selling of traits.

For more information on the upcoming New Dawn project, see the team's full Twitter thread here.

Psychedelics Anonymous Takes Snapshot of Stakers for 'New Dawn'
NFT Morning Minute | A 'Legend'ary Reveal Day
NFT Morning Minute | A 'Legend'ary Reveal Day
Tyler Warner

Good morning!

Take a minute to catch up on the latest in the web3 space. Here are today's NFT market analysis, top movers, and upcoming mints:

Skip to

NFT Total Volume

NFT Floor Price Increase

NFT Floor Price Decrease

Upcoming NFT Mints

Tyler Warner's NFT Market Summary

Thursday was a bit of a hangover day in the NFT market after Wednesday's highly anticipated Legend of COCKPUNCH mint and Valhalla reveal. Both of those projects fell on the day, with Tim Ferriss's COCKPUNCH down 24 percent to 0.94 ETH this morning ahead of today's reveal and Valhalla down 12 percent to 0.5 ETH after its post-reveal dump and rebound.

OpenSea did manage $10M in volume on the day, led by Bored Ape Yacht Club on the back of a 420.69 ETH sale of a trippy ape. The BAYC floor is at 64 ETH on Blur, down ~10 percent from local highs in an interesting twist ahead of $APE staking. MAYC did 700 ETH volume on the day, with its floor holding at 14 ETH. ApeCoin jumped 4.8 percent on the day to $3.99, in line with the broader crypto markets, ahead of staking rewards going live on Dec. 12.

Some notable movers and winners on the day include CloneX, which rebounded 5 percent to 6.4 ETH after RTFKT founders ran a Twitter spaces to address recent community concerns. The RTFKT team also airdropped MNLTH 3 ("MNLTH X") to eligible participants yesterday afternoon, which saw 214 ETH trading volume and holds a 0.54 ETH floor.

Grifters by XCOPY jumped to 19 ETH (+30%) ahead of today's cryptic Grifter Bar drop. Another Art Blocks project saw a huge surge as AB x Pace collab QWERTY jumped 92 percent to 1.79 ETH on the day. Abstraction by anon continues to be a roller coaster, up 58 percent on the day to 2.22 ETH (though still down from recent local highs).

A slower day of Web3 news was headlined by Starbucks officially launching its Web3 program Oddysey in beta. FTX NFTs are "broken" as the IPFS pointers are now directing to a site showing bankruptcy proceedings instead of the appropriate images and artwork. Tessera saw its first buyout offer for its CryptoPunk vault created on launch day. Art Blocks kicked off a 24-hour Twitter spaces called "Blocktalkathon" in celebration of its 2-year anniversary. And OnChainMonkeys announced a $5M pre-seed funding round, which included Animoca Brands as an investor.

NFT Total Volume*

  • Bored Ape Yacht Club (1,583 ETH, 64.09 ETH Floor Price)
  • Clone X (888 ETH, 6.6 ETH Floor Price)
  • Mutant Ape Yacht Club (697 ETH, 13.98 ETH Floor Price)
  • COCKPUNCH (617 ETH, 0.94 ETH Floor Price)
  • Valhalla (382 ETH, 0.5 ETH Floor Price)

NFT Floor Price Increase*

  • QWERTY (92%, 1.79 ETH Floor Price)
  • Abstraction by anon (58%, 2.22 ETH Floor Price)
  • FLUF World (35%, 2.87 ETH Floor Price)
  • Mutant Garden Seeder (41%, 14 ETH)
  • Grifters by XCOPY (31%, 19 ETH)
  • Renga (19%, 1.13 ETH Floor Price)

NFT Floor Price Decrease*

  • RTFT MNLTH 2 (-32%, 0.12 ETH Floor Price)
  • Cel Mates (-32%, 0.28 ETH Floor Price)
  • RTFKT MNLTH 1 (-27%, 0.74 ETH Floor Price)
  • COCKPUNCH (-25%, 0.94 ETH Floor Price)
  • Valhalla (-12%, 0.5 ETH Floor Price)

Upcoming NFT Mints and Reveals

  • The Memes by 6529 - Drifter Shoots card (11:00 a.m. ET)
  • Juuni (12:00 p.m. ET)
  • Art Blocks Presents: Pointers (1:30 p.m. ET)
  • COCKPUNCH - reveal (TBD)
  • Toys R Us NFTs (TBD)

Today should be an active day in the market, with a major Meme drop by Drifter Shoots this morning, a highly anticipated mint in Juuni, and the COCKPUNCH reveal as headliners. The COCKPUNCH reveal today is the highlight and a pivotal moment for that project, because if it follows the typical post-reveal 30-50 percent dip, it might go into a death spiral. It will be interesting to see if Tim Ferriss has any tricks up his sleeve to help stop the bleeding in price action - "the legend" depends on it.

The Art Blocks project today Pointers is interesting at just 100 supply from an established artist Steve Pikelny. It's doubtful to fly under the radar, given the 24-hour Blocktalkathon will just be ending, but if it goes near min mint price it could be a great trade. And the Toys R Us launch on Solana is a wild card and the top event to follow over on that blockchain.

For all volume and floor price data, see Lucky Trader's Project Rankings page.

For all upcoming mints, see Lucky Trader's Project Schedule page.

*data retrieved at 8:00 a.m. ET. Volume and percentages are based on the last 24 hours. Notable projects are included, typically with a 0.25 ETH minimum on the projects listed in this roundup.

NFT Morning Minute | A 'Legend'ary Reveal Day
DeGods, y00ts Signature Hoodies Live for 24 Hours
DeGods, y00ts Signature Hoodies Live for 24 Hours
Logan Hitchcock

One night after launching a pair of hats, Dust Labs is now promoting limited edition hoodies for both DeGods and y00ts. 

The minimal hoodies are available for $69.00 each at merch.delabs.xyz.

Frank DeGods chimed in after the drop was shared, indicating this would be the last "daily drop," from the team behind DeGods and y00ts. 

 

DeGods, y00ts Signature Hoodies Live for 24 Hours
Starbucks Odyssey Goes Live in Beta
Starbucks Odyssey Goes Live in Beta
Ghost

Starbucks launched the company's Web3 'Odyssey' beta on Thursday, initially available for a select group of customers and employees in the US.

The experience allows members to complete a series of interactive activities called 'Journeys', which earn collectible 'Journey Stamps' and 'Odyssey Points'. The rewards are NFTs (on the Polygon blockchain) that unlock access to new benefits and immersive coffee experiences.

Examples of activities that can earn rewards include a virtual trip to a coffee farm in Costa Rica, interactive games, and trivia about Starbucks' heritage, according to the release. 

NFT marketplace Nifty Gateway is powering the Starbucks Odyssey market, where members will soon be able to purchase Stamps using a credit card (no crypto wallet required). 

“Starbucks has a history of harnessing emerging technology to innovate on behalf of our customers and making it easily accessible and approachable for the mainstream,”  Brady Brewer, Starbucks executive vice president and chief marketing officer, said in the release. “Our innovative spirit and the desire to continuously exceed the expectations of our customers has led to the launch of Starbucks Odyssey.”

Three levels of reward tiers will be available for redemption, with examples including a virtual espresso martini-making class, unique merchandise and artist collaborations, and exclusive trips and events. 

Invitations will be sent to a wider group of members on the waitlist monthly, starting in January 2023.

Starbucks Odyssey Goes Live in Beta
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