Latest DI Animals News
Top News Today:
- Digital Animals Public Sale
- XCopy's "Grifters"
- Crypto and NFT Tax Help!!
Digital Animals Public Sale
After launching their presale on Monday, Digital Animals will begin the public sale process at 1:00 p.m. ET today. The sale will take place on the Digital Animals site, where pieces will be available for mint at 0.1 ETH. Digital Animals attempts a unique innovation, crafting what the team has called "a unique digital soul" for each NFT. Based on wallet analysis metrics as well as Twitter sentiment analysis, each NFT that is minted is attributed a unique soul. The collection has generated more than 80 ETH in volume on the secondary market with a floor around 0.145 ETH at the time of writing.
XCopy Editions, "Grifters"
As part of their new marketplace initiative, Async Art is creating collections of editions called Aysnc Blueprints. The first batch of Blueprints is headlined by three notable crypto artists, XCopy, Alotta Money, and Coldie. In today's drop, featured at 3:00 p.m. ET approximately 275 XCopy "Grifter" editions will be put up for public sale. Each Grifter is costs 0.25 ETH and is part of a larger 666 piece collection. More than 300 pieces have already been claimed during the presale process, with a floor being set at 11.25 ETH for Grifter pieces on OpenSea before the public sale begins.
Crypto and NFT Tax Prep
Worried about the complexity of NFT or crypto taxes? Yesterday in conjunction with our friends at RKO Tax we dropped an article to help you prepare for the end of the year! Inside the article, Allie and Sean of RKO Tax give seven actionable tips to help you prepare for the end of the tax year on December 31. The top tip? Understand your digital assets! Read the whole article for more.
Vincent Van Dough Takes on RTFKT and Nike?
Remember the drama regarding the Clone X terms of service? NFT personality and investor Vincent Van Dough has stoked the flames. Van Dough has directly challenged the clause regarding the inability to fractionalize assets by purchasing a Clone X asset and creating a vault for fractionalization on fractional.art
The act brings in to question whether or not terms of this magnitude can be enforceable on-chain and if so, how RTFKT, and now Nike, plan to deal with it.
I have fractionalized CloneX #17707 by @RTFKTstudios x @Nike and made 20% of supply available at https://t.co/vGU9O1HSXy
— VincentVanDough (@Vince_Van_Dough) December 14, 2021
Will also be airdropping a small amount of shares to the first 100 accounts older than 1 month to respond with their ETH address on this thread. pic.twitter.com/voFTEmdlKc
NFT Market Updates
- "Gazers" by Matt Kane has fallen back 28% day over day to a 2.42 ETH floor.
- The last baby CyberKong was minted and the price of the collection (not including Genesis Kongz) has moved upwards ~40% to a 5.79 ETH floor.
- CloneX Mintvials have continued surging higher on the heels of the RTKFT and Nike announcement. The floor sits above 12 ETH at the time of writing.
Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers.
Top News Today:
- Clone X Reveal
- Art Blocks Curated: Jen Stark, "Vortex"
- Digital Animals
- Little Lemon Friends Reveal
Clone X Reveal
On Sunday afternoon the long awaited minting and unveiling of Clone X avatars started. Nearly 15,000 Clone X avatars have been minted thus far, with the remaining 5,000 mint vials having up to six months to undergo the process. While the Clone X project has been unable to completely push away the "post-reveal drop" that has befallen many projects with delayed reveals, it has certainly held its ground with a floor price still north of 2 ETH. There is however, a wide discrepancy in price for the mint vials and floor Clone X avatars. At the time of writing users can purchase two Clone X avatars (2.39 ETH floor) for less than the price of one mintvial (5.17 ETH). For many, the opportunity to pull a Clone X with Murakami Drip or other rare attributes can make this risky trade compelling. Notable Clone X avatars have already seen trades above 50 ETH.
Unfortunately, it wasn't just the reveal that caught the eye of the public last night. A late unveiling of terms and conditions, license type drama, and the inability to fractionalize the Clone X NFTs all generated some buzz on NFT Twitter. The Clone X team has yet to make an announcement regarding any of these issues.
It's important to note that the Clone X rarity rankings are not final as there are still approximately 5,000 NFTs outstanding.
Art Blocks Curated: Jen Stark's "Vortex"
Jen Stark's "Vortex" collection is added to the prestigious company of Art Blocks Curated sets today at 1:00 p.m. ET. The set pricing will start at 5 ETH in Dutch auction format, decreasing in price every five minutes until the entire 1,000 piece collection is sold or it reaches the resting price of 0.1 ETH. The "Vortex" collection highlights the phenomena of the spiral, and its ubiquitous applications in the natural world.
You can learn more about the project and see an example print here.
Digital Animals Presale
The Digital Animals presale starts today at 1:00 p.m. ET.
A collection of 8,888 generative animals designed as crystals, each digital animal is said to hold a unique soul. Souls are derived via wallet analysis and Twitter sentiment analysis, using up to 20 different metrics. Additionally, the animals are expected to be playable in a Digital Animals game which is powered by Unreal Engine. Mockups of the game environment can be found on the Digital Animals website.
Little Lemon Friends Reveal
After some discussion regarding an optimal reveal time, the Little Lemon Friends team has pushed back the expected reveal of their 9,999 piece collection until 8:00 p.m. ET tonight. The collection sold out around 6,000 pieces that were remaining after the private sale in about one hour yesterday.
NFT Market Updates
- Despite "the flippening" conversations, both CryptoPunks and Bored Ape Yacht Club assets were down week over week.
- After selling out in a flash during public sale last night, Thingdoms have remained steady at 0.17 ETH - the price they've held on the secondary market since presale.
- Kevin Rose's "Proof Collective Pass" has done nearly 700 ETH in trading since launching on Saturday.
Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers.
