Latest KPRVERSE News
A former senior project manager at Electronic Arts and video game company Nexon is joining KPRverse as the team's product lead, according to an announcement Thursday.
Noisewar, known as @warandnoise on Twitter, has 16 years of experience in the video game industry, according to KPRverse, working on such titles as "The Sims 4," "Darkspore," "Titanfall Assault," and "Dawngate."
Earlier this week, KPRverse announced that artist Khoa Viet, who worked on League of Legends for Riot Games, was joining the team as the creative director.
KPRVERSE announced via Twitter that Khoa Viet would be coming aboard the team as Creative Director. Khoa Viet is a professional concept artist in the gaming industry.
Khoa has worked on League of Legends by Riot Games, as well as Crash Bandicoot by Toys for Bob. Khoa won first place in the ArtStation Character Design Challenge for "The Beast Gang vs. The Horde."
The KPRVERSE team teased that another hire announcement is on the horizon, so look out for more updates potentially this week.
Profitable wallets are exiting KPRVERSE according to our Sharp Report.
In the past 24 hours, the project has seen a net loss of 169 profitable wallets (those that have made more than 50 ETH trading), yet its floor price has increased 5.84 percent to 0.40 ETH over the past 24 hours while doing 294 ETH in secondary sales according to the Lucky Trader Project Rankings page.
Just more than ten percent of the wallets holding a Nyolings NFT are sharp wallets that made more than 50 ETH in profit.
Today has been a very volatile day in the crypto markets, to say the least. Binance is set to potentially acquire FTX in a blockbuster move, and early fallout from the news has sent several crypto tokens down sharply.
So what is the early impact on the NFT market?
Market Volume Impact
For starters, volume is down. Yesterday OpenSea hit $12M in trading volume, but so far today has just $5.45M (on pace for ~$7M). This is partially caused by the dipping ETH price (-18.7% to $1,300), as well as crypto trading clogging up the Ethereum blockchain and driving up gas prices.
omg bull market must be back on pic.twitter.com/sU5hlAar6T— Grant Riven Yun (@GrantYun2) November 8, 2022
But in general, NFT liquidity typically dries up on very volatile macro crypto days.
That lack of liquidity has started to impact some NFT project sectors.
The top-end PFP market is holding steady, so far.
BAYC is at 66.8 ETH on Blur (removing flagged assets) and 69.5 ETH on OpenSea (+0.74%). CryptoPunks are at 64.69 ETH, even on the day, but leading the volume charts with 546 ETH traded (flight to quality).
Mid-tier PFPs are down slightly, with CloneX at 8.6 ETH (-2.6%), MAYC at 12.35 ETH (-0.56%), and Azuki at 11.07 ETH (-1.2%), though the 3 sets have combined for just 156 ETH volume.
Though, while these projects' floors are mostly steady in ETH terms, they are now down ~20 percent in USD with the recent ETH dip.
Recent Movers Impact
The volatility seems to have hurt recent project movers the most.
Friendship Bracelets opened the day at 0.3 ETH floor but have since dropped 30 percent to 0.2 ETH. KPR has fallen 16 percent to 0.64 ETH, and RENGA has given back some recent gains, falling 12 percent to 1.05 ETH. Art Gobblers also continue their recent downtrend, falling another 6 percent to 3.8 ETH as GOO hits $11.7 (-14%).
Other (Surprising) Impacts
Perhaps the biggest and most important NFT takeaway from this crypto volatility is out of Frank DeGods and the Solana ecosystem. For those not following, SOL has been one of the hardest-hit tokens (besides FTT), down 26 percent on the day to $23.79.
This has led Frank to reconsider his future on Solana.
I would love to continue to build on Solana. I love Solana. But I’m a servant to my communities & holders.— Frank (@frankdegods) November 8, 2022
Nobody is making any rash decisions… this is just what direct communication looks like in times of crisis.
Will open a dialogue with our holders and see where it goes.
To be clear, he indicates no "rash decisions" will be made and promises to engage the community in the decision-making process.
The y00ts floor has taken a beating on the day, down 20 percent to 58 SOL ($1,379 or 1.05 ETH). The mint t00bs are down ~10 percent at 82.5 SOL.
UPDATE: as of 3:51 p.m. ET Frank shared that he deleted his tweets about moving to ETH, due to their impact. He did mention that dialogue will remain open but "No decisions will be made today."
This situation is all still evolving and the full extent of the impacts likely will not be known for days (perhaps weeks). Additionally, NFT market action does typically lag crypto actions, so there may be greater moves over the next few days.
One thing is fairly likely though - we will not see a big NFT rally until the crypto markets re-stabilize.
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:
Tyler Warner's NFT Market Summary
Art Gobblers once again led the volume charts, with 9,400 ETH traded on a volatile day which saw the floor price round trip from 14 ETH up to 22 ETH+ (25 ETH on OpenSea) before falling all the way back to 14 ETH. The price of GOO was a roller coaster as well, starting the day as high as $3,000, ranging in the $1k-$1.5k range for most of the day before falling overnight, now $740. The first blank pages, artwork, and new Gobblers were all created on the day as well, with the game mechanics now in full swing.
KPR debuted with its Keepers List mint and traded 2,600 ETH on its first day of trading, with that volume concentrated on Blur as OpenSea saw just 440 ETH market share. The floor sits at 0.64 ETH this morning, up more than 3x from the 0.2 ETH mint price, ahead of the General List sale today at 11 a.m. ET (full-on gas war).
Other market action was pretty tame and out shadowed by those two liquidity magnets, but there were a few notable winners mostly in Art Blocks. Fidenza was up 23 percent on the day to a 99 ETH floor, Jen Stark's "Vortex" surged 60 percent to 1.8 ETH, and yesterday's Curated drop "Tide Predictor" ran from a 0.66 ETH mint to 1.2 ETH at the peak before round-tripping back to 0.695 ETH floor. Punks and BAYC chopped on the day, at 66.8 and 64.5 ETH floors, and most of the mid-tier PFPs followed suit. The Yuga ecosystem did approve the ApeCoin bug bounty, meaning $APE staking is delayed at least 3 more weeks.
In macro news, the FOMC meeting resulted in a 75 bps hike and a more hawkish tone than expected, leading equities to dip hard. Crypto held surprisingly strong, with BTC at $20,250 (-0.9%) and ETH at $1,540 (-0.5%), giving more hope to a "decoupling."
There were several bullish NFT headlines on the day, led by Meta announcing the rollout of digital collectible creation and trading on Instagram, using the Polygon blockchain. Game of Thrones is rolling out digital collectibles, as the latest entertainment mega-franchise to throw its hat in the ring. And leading crypto wallet provided MetaMask made two big announcements, related to partnerships in gaming and portfolio tracking.
NFT Total Volume*
- Art Gobblers (9,415 ETH, 13.4 ETH Floor Price)
- KPR (2,674 ETH, 0.64 ETH Floor Price)
- CryptoPunks (221 ETH, 66.8 ETH Floor Price)
- Mutant Ape Yacht Club (210 ETH, 12 ETH Floor Price)
- Bored Ape Yacht Club (198 ETH, 64.5 ETH Floor Price)
NFT Floor Price Increase*
- Vortex by Jen Stark (57%, 1.8 ETH Floor Price)
- ACK Editions (39%, 0.26 ETH)
- Fidenza (24%, 99 ETH Floor Price)
- Jiometory No Compute (22%, 0.73 ETH Floor Price)
- Flux by Owen Moore (20%, 0.74 ETH Floor Price)
NFT Floor Price Decrease*
- Art Gobblers (-41%, 8.3 ETH Floor Price)
- DigiDaigaku Dark Spirits (-21%, 0.9 ETH Floor Price)
- HUGO x Imaginary Ones (-16%, 0.71 ETH Floor Price)
- ZenAcademy (-16%, 0.39 ETH Floor Price)
- IlluminatiNFT (-15%, 0.33 ETH Floor Price)
Upcoming NFT Mints and Reveals
- KPRVerse - General Sale (12:00 p.m. ET)
- Friendship Bracelets by Alexis Andre (11:00 a.m. ET)
Today will be an interesting day of trading, with KPR as the main event. The remainder of the 10k supply comes out today at 11 a.m. ET in what will be a major gas war. There will then be ~1 day more of secondary trading ahead of the project reveal tomorrow, with early speculation of a dip following today's sale with a bit of a run into the reveal event tomorrow. The wild card is the Friendship Bracelets mint for all Art Blocks holders (snapshot already taken), which is a free mint. Many are calling it a status symbol or proof of being early to this major generative art movement, and thus there is speculation it will hold value in the future. But with 35k+ supply expected, it's doubtful to make a major move this week.
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.
Today's hot new mint KPR has traded more than 1,300 ETH in its first hour of secondary trading, according to data from the Blur marketplace.
The Keepers List sale (allowlist) minted for 0.2 ETH at 12 p.m. ET today after a 1-hour delay due to some contract difficulties. The market shook off those delays, as the floor has rocketed 200+ percent to 0.65 ETH with over 2,000 sales in the first hour.
A few interesting market data points: OpenSea has recorded just 600 ETH volume of the 1,300+ ETH total. The lion's share of the volume is coming from Blur, with Blur leading in total sales with 1,173. OpenSea has recorded 830 sales, and X2Y2 has 343 sales at time of writing.
So far, 5,700 of the total 7,500 Keepers List allocations have been minted. The balance of the remaining supply from the 10,000 NFT set will mint tomorrow in the General List mint at 11 a.m. ET.
Adventure, a KPR co-founder, thanked the community for their belief in a tweet this afternoon, also thanking everyone for their patience.
KPR (Keep Protect Reimagine) has delayed its mint by "approximately one hour," according to a recent post in Discord.
The original mint was expected to take place 15 minutes ago on Nov. 2 at 11 a.m. ET. The new mint time is today at 12 p.m. ET, as of the time of writing.
The collection's OpenSea page shows 22 total owners, but the team assured potential collectors that no unauthorized users were allowed to mint and it was the result of a test.
"Pre-Mint we conducted a test of our contract," the Discord message reads. "Our developer team noticed a pricing discrepancy within the code. No unauthorized users were able to mint. Due to this, mint will be postponed for approximately one hour."