1. Summary of Industry Dynamics
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1. Summary of Industry Dynamics
In contrast, U.S. stocks fell across the board last week. The Nasdaq stayed above the annual line for a few days without results. It fell below the annual line on Thursday and closed below the annual line on Friday. The bulls’ offensive weakened. The S&P trended slightly better and still maintained 4,000 points and the annual line mark, which may start a wave of shocks. The CPI will be released next week, and the market will face a new directional choice. A big rise or fall is inevitable. The CPI may not be optimistic. This may be the key reason for the early adjustment of the U.S. stock market. In January, the price of gasoline in the U.S. rose rapidly. The average price per gallon has reached $3.5, an increase of 9.2%. The weight of auto fuel in the CPI is currently 3.275%. Gasoline alone will bring a 0.3% increase to the CPI. In addition, in terms of rent, the average rent in January in the United States The overall decrease was 0.3%, and the rent accounted for 1/3 of the CPI, so the rent statistics are very important. The forecast value of CPI in the United States in January is 6.2%, and the core CPI is 5.5%, which is lower than the 5.7% in December. It needs a decline of nearly 3% to meet expectations. At present, it is indeed a bit difficult. In this month's non-agricultural data, we have seen that the unemployment rate is extremely low, and full employment, one of the two important goals of the Fed, has basically been achieved. Another target, inflation, has become the main direction of the Fed's work. If the CPI data in January The chain rebounded again, then the market will game the expectation of raising interest rates in May and June, as well as the expectation of cutting interest rates at the end of the year. Powell has made it clear that he will raise interest rates slightly, but the time is uncertain. The interest rate meetings in the first half of the year are 3/22, 5/3 and 6/14. It is not surprising that there will be another increase in March, and it is worth playing It is the policy in May and June, so the CPI data at the beginning of the year is the top priority.
industry data
1) Stablecoins
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industry data
On the whole, this round of rebound is mainly driven by stock funds and short covering, and the outflow of funds in the currency market may indicate that the rebound has come to an end for the time being.
2) BTC miner balance
The BTC miner address balance indicates the total BTC holding balance marked as the miner address on the chain, including Foundry USA, F 2 Pool, AntPool, Poolin, Binance and other addresses.
This data is usually used to judge miners' interest in the current BTC price. When the miner's balance increases, it usually indicates that the chips are in a state of accumulation; when the miner's balance decreases, it indicates that the miners are selling or mortgage their BTC.
The BTC miner address balance indicates the total BTC holding balance marked as the miner address on the chain, including Foundry USA, F 2 Pool, AntPool, Poolin, Binance and other addresses.
3) ETH deflation data
This data is usually used to judge miners' interest in the current BTC price. When the miner's balance increases, it usually indicates that the chips are in a state of accumulation; when the miner's balance decreases, it indicates that the miners are selling or mortgage their BTC.
As of February 12, according to ultrasound.money data, the supply of ETH this week was about 8,000 less than last week, and deflation accelerated. Since the completion of The Merge, the supply of ETH has decreased by a total of 16,265 coins. Based on the data of the past week, the annualized inflation rate is -0.3%. The last large-scale burning of ETH occurred in early October 2022 caused by the FOMO caused by users’ large-scale Mint $XEN.
2. Macro and technical analysis
Compared with ETH under the POW mechanism, the supply under the POS mechanism has decreased by about 1.74 million, and the inflation rate has dropped from 3.5% to -0.3%.
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2. Macro and technical analysis
1、Ahr 999 ： 0.52
2、MVRV： 1.17
The market is adjusted as scheduled. We judge that there is still a need for adjustment in the short term, but it is an opportunity for layout.
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3. Summary of investment and financing
Investment and financing review
3. Summary of investment and financing
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Investment and financing review
From February 5th to February 12th, 2023, there were 25 investment and financing events disclosed in the encrypted VC market, with a cumulative financing amount of more than 235 million US dollars; (https://www.rootdata.com/Fundraising)
During the reporting period, there were four incidents in which the amount of financing exceeded US$1,000w:
Mobile gaming company Mino Games has raised $15 million in financing led by Standard Crypto, with participation from Boost VC, Collab Currency, Earl Gray Capital and Konvoy Ventures. The new funds will be used to create a Web3-enabled Dimensionals collectible role-playing game.
Institutional dynamics
Institutional dynamics
4. Encrypted ecological tracking
（1 ）NFTs
NFT Market of the Week
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1. NFTs & Metaverse
NFT Market of the Week
Total market value of NFT: The total market value of NFT has not changed much this week, down 0.94%. After the total transaction volume fell last week, there was a significant rebound this week, with an increase of 16.37% within 7 days. Looking at the total transaction volume within 3 months, there is still a significant increase from the lowest point in November. increase in magnitude. We can also expect the NFT market to show a rebound in the second quarter.
This week's Metaverse project overview:
Market activity: The holders of the NFT market rose slightly this week (+ 1.99%), the activity of traders decreased compared to last week, -8.94%, buyers decreased by -5.05% compared to last week, and sellers decreased year-on-year Down -8.8%.
The top three NFTs in terms of trading volume in the NFT market this week are BAYC, Checks, and Otherdeed. The floor price of BAYC has risen sharply in the past week and is currently around 78 ETH.
This week's Metaverse project overview:
This week, the trading volume of the 10 leading blue-chip projects in the Metaverse sector declined this week, with an increase of 14.93% within 7 days. NFT Worlds also continued to occupy the second largest trading volume, surpassing decentraland and the sandbox. In terms of total market value , the top three metaverse projects are still Otherside, Decentraland and the Sandbox, and the floor price of land prices has not changed much, remaining in the range of 0.8-1.7 ETH.
(2) NFT & metaverse dynamic focus this week:
Dynamic Spotlight: Prada NFT Project: The Brand’s First Step into the Web3 Community
Timeline arrangement: December 2019 - Time Capsule's new product release gameplay
Prada started a new release game called Time Capsule (Prada Time Capsule). On the first Thursday of every month, a sale will be held within a specific 24 hours. The products have limited editions of prada men's and women's clothing, and can only be purchased through the official website.
There is also a special area called "Pradasphere", which contains Prada's fashion week shows, special events, competitions and movies, etc., in order to create a special and unique online experience mode.
Time: January 2022 Prada and Adidas "joint marketing" is also an upgraded version of the "Internet business model"
Both brands simultaneously invite fans to upload personal photos.
The brand made this digital artwork into an NFT and put it on the SuperRare platform for auction.
The NFT work was bought by a collector for about $50,000.
5% went to digital artists, 80% was donated to a non-profit organization, and 15% was awarded to 3,000 selected users.
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Second Artwork by Zach Lieberman
Time: June 2022 Prada NFT marketing new approach
4 months after co-marketing with Adidas, Prada kicks off its new NFT-based model
For the new products released by Time Capsule, each physical product will be given a limited edition NFT.
The form of NFT is in the form of video, and the content will be related to the design concept and elements of Prada's new products.
At present, Prada users can only purchase Prada goods with legal currency, and NFT is just a gift. About 45 days after the user purchases the physical product, they can receive the mail and receive the NFT.
Up to now, Prada has issued a total of 8 types of NFTs in the time capsule series, with a total of 450 pieces. Among them, 100 are issued for the first time, and 50 are issued every month for the rest. Coming in February 2023 is the 9th type. However, Prada promises to give away corresponding NFTs for users who start purchasing time capsule series products in 2019.
Users hold the rights and interests of NFT? NFT holders get access to exclusive benefits, experiences and giveaways, as well as access to potential future NFT airdrops.
In September 2022, Milan Fashion Week will be held in Italy. Prada invited a lucky person who holds an NFT to participate in the fashion show during Milan Fashion Week. It's not just a ticket to a show, it's a 4-day exclusive experience at Prada. The brand side undertook transportation to and from Milan, Italy, luxury accommodation, exclusive private experience at the flagship store in Milan, a full set of Prada clothing, an exclusive party after the fashion show, etc.
In addition, in the upcoming February sale, they will also draw a lucky holder to participate in the 2023 autumn and winter fashion show on February 23.
Prada's NFT performance:
OpenSea data shows that the current floor price of this series of NFTs is 0.55 ETH. However, its transaction volume is only 29 ETH, and based on 10% royalties, the brand side’s revenue is only 2.9 ETH. On OpenSea, this series of NFTs has only traded 2 times within 3 months of its launch. But Prada's project team is not worried about such a low transaction volume. They believe that the young generation born in the 1990s is a very important customer, and the NFT strategy is not only to explore NFT, but also to use the Web3 community. Build better loyalty. In other words, Prada believes that NFT and Web3 are a way to approach and use new business models to serve a new generation of young users.
To this end, they built an official page called Prada Crypted, dedicated to presenting time capsule series NFT-related content, and also established a Discord server of the same name. The project party also stated that this marks the first step for the brand to formally enter the Web3 community. Push your brand further into the Web3 space on multiple dimensions by creating your own community that is inclusive and open to all. In the server you will learn about Prada's future projects and NFT releases. It's a place to exchange ideas and inspire each other, while connecting the world of fashion with the worlds of art, architecture, film, music, Web3 and more.
Key project: CHECKS
Checks is inspired by Twitter's authentication function. This is not just a feature update, but a movement sweeping the Internet and one of the Internet cultures. The meaning behind it is to make more people worthy of more attention. Later, Musk opened the certification service for $8, the price of $8 and more certifications, allowing Twitter to have more discussions on this matter. When a broad consensus is formed on one thing, its value is immeasurable. This is also the basis for pricing checks.
Gameplay and Mechanism:
Checks was released in the form of open edition at a price of $8 in early January. It was open for 24 hours, and finally mint 16027.
Checks are made up of 80 small ticks. Players initially got 80 Twitter verification logos on the Mint version. They can choose to burn 2 first versions to get a new version. There will be 40 Twitter verification logos on the new version. By analogy, every time the version is updated, 2 NFTs of the same version need to be consumed. 80->40->20->10->5->1->0. On this basis, 4096 initial versions, that is, 64 versions with only 1 tick can be combined into 1 black tick. Players can choose to evolve their NFT, which of course means they can choose to keep the NFT at a certain version.
2. GameFi blockchain games
checks value: checks is like the works of artist Andy Warhol, simple repetition, expressing the era culture of American consumerism through pictures. Every generation is pursuing status, and identity verification reminds people of their pursuit of social status all the time. This little hook forms a symbol that transcends culture and language. checks is a canvas of limitless expression that aims to challenge notions of ownership and creator identity in the internet age.
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2. GameFi blockchain games
(1) Overall review
Overall, the Gamefi industry as a whole has made a callback. From the perspective of token prices, 9 of the top 10 chain games by market capitalization saw their prices drop, and BinaryX led the rise this week, up 29.17% in the past week (BNX tokens were split at a ratio of 1:100 to better promote BinaryX’s Economic models and products.) Affected by the broader market, the remaining tokens in the top ten projects all fell.
Judging by the amount of on-chain contract interactions, 80% of the top ten active chain games have experienced a decline in interaction activity in the past week. Only Axie and Meta Apes have slightly increased activity.
(2) Key project: Fusionist
Recommended reasons for attention: investment in Binance; the chain game with the fastest growth in the number of community members in the past week (350,000 people in a week);
Website: https://link 3.to/fusionist_io
Product: Overall, it is a Star Wars-themed simulation game. Fusionist plans to build a game world that consists of 3 types of gameplay:
Game 1: Colonize (simulate building). Colonization is the first chapter of Fusionist. Its core gameplay is to simulate various types of building structures and manufacturing materials. Players can mine minerals, build industrial compounds, develop new technologies, and trade. The main goal is to use Odaily resources to manufacture mechs and establish a stable industrial production chain. By scanning blueprints and consuming resources, new mechs can be quickly created to build the thriving galactic trade network that every player wants.
Game 3: Team battle (exploration, expansion, utilization, elimination) Players will play the role of mecha commander, run their own Odaily, collect rare resources, upgrade technology, scan blueprints to manufacture mechas, and establish a production line. Fight through PvP and PvE battles, build a fleet of starships for interstellar warfare, and conquer the galaxy.
3. Web3 Social & DID & DAO
Nouns DAO
How to participate: Fusionist’s official game has not yet been launched, but players can obtain its mainnet’s native Token ACE through registration, interaction, etc. Holding project-related NFTs (Alpha Prestige, Quartan Primes, Bi Mech, and BOAT) can improve the efficiency of ACE acquisition . In the follow-up, you can continue to pay attention to the situation of the token listing.
Summary: Traditional games, according to the official team, may be listed on the exchange in two or three months. Because of Binance investment, the possibility of listing on Binance is relatively high. At present, the market is more optimistic about the project, and the enthusiasm for participation is very high.
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Introduction:"Nounders"The style of Nouns is a retro video game style. The background, body, accessories, head, and glasses are randomly generated according to the hash value of the Ethereum block.
Nouns DAO is different, it is endless. Every 24 hours, a new Noun NFT is generated, then auctioned on the official website and auctioned off to the public. So far, more than 600 NFTs have been auctioned (basically above 30 eth)
The entire amount of sales will go to the DAO treasury, and the founding team (10
) did not get a share of the sales, the founding Nounders chose to use Nouns to compensate themselves. In the first 5 years of the project, every 10 Noun (Noun ids #0, #10, #20, #30, etc.) will be automatically sent to Nounder's multisig, attributed and shared among the founding members of the project. The founding team consists of 10 people, including top NFT collectors (such as Punk 4156) and founders (such as Vine's co-founder dom). Together they maintain the community, website, discord, and help the DAO execute proposals.
The core cycle of Nouns is: funding great projects, growing the Nouns brand, and more demand for Nouns NFTs
advantage:
In the case of Nouns Coffee, user Brkfstsndwch built a coffee brand through his Nouns spin-off project Brkfst World. He also built a strong reputation in the Nouns community by helping with other proposals. After reaching some consensus, the proposal is submitted to Noun holders for on-chain voting (1 Noun = 1 vote). After the vote passed, the DAO transferred 105 eth to Brkfstsndwch and the team. The team is expected to provide regular updates to the Nouns community.
shortcoming:
advantage:
Treasury, the core utility of Nouns DAO is that each Noun holder can sponsor and vote for proposals funded by the Nouns treasury. Any holder can sponsor and vote for a proposal.
The cost of joining a DAO is high, more like a decentralized plutocracy club. But while the barriers to entry are high, anyone can get their proposal funded by joining. Also derivatives like Lil Nouns (similar to the Nouns model, but at a lower price) are lowering the cost of entry.
Project ROI is ambiguous, and it’s unclear whether DAOs strictly measure the ROI of the projects they fund. There is no commitment that the project must return the money to the treasury.
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