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Dear country without banks
goblintown.wtf project rushed to the scene last spring.
When it arrived, it delivered a bonafide “ugliness” meta for a while. Meanwhile, aesthetically and intentionally ugly NFTs were all the rage and traded like hot commodities.
Recently, however, the meta-pendulum in the NFT space has apparently bounced back. other Over the past few months, there have been a number of collections that could be considered to belong to the “cute NFT” category, which has been under considerable buying pressure.
It’s funny, is not it? In today’s post, let’s analyze the cause of this cuteness boom!
-WMP
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Since October 2022, a powerful wave of purchases has swept many projects considered by PFP NFT enthusiasts. cute.
Of course, cuteness is subjective. However, the projects in question share some basic qualities, such as generally lovable artistry, bright color schemes, affable names, and cheerful communities.
So what should we see now?
If you search for the phrase “cute NFT” on social media such as Twitter, you will find that references to the cuteness meta actually started to spike in December 2022. The lowest price exceeded 7 Ξ for the first time ever.
But while Pudgy Penguins’ recent success has no doubt drawn attention to other equally cute projects, it’s only part of the current boom.
there is no truth peculiar All the collections involved now have their own variety of things, hence the reason behind the recent upward trend in the cuteness meta. and this PFP niche is gaining momentum.
as for which Should projects really be considered part of this niche and tracked? That’s subjectively interesting, since there’s no definitive answer. Currently, there is no reliable “cute NFT index”. I just stumbled across the need for it. But what would such an index look like?
For example, Nansen has an index like this: art 20 and the GAME50, and recently I’ve seen a number of analysts share charts of cute NFT projects they personally track. By combining these two inspirations of hers, a convincing “cute 15Related collections worth tracking “The following projects should be covered, at least for now.
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cool pets — high seas | | Floor: 0.16Ξ | 90D Floor Action: 📉 -27%
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cool cat — high seas | | Floor: 2.95Ξ | 90D Floor Action: 📉 -23%
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doodle — high seas | | Floor: 7.42Ξ | 90D Floor Action: 📉 -19%
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Duplicator — high seas | | Floor: 1.3Ξ | 90D Floor Action: 📈 +3%
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Coolman’s Universe — high seas | | Floor: 0.123Ξ | 90D Floor Action: 📈 +4%
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tabby cats — high seas | | Floor: 0.15Ξ | 90D Floor Action: 📈 +28%
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beans — high seas | | Floor: 1.98Ξ | 90D Floor Action: 📈 +69%
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Finilia — high seas | | Floor: 0.35Ξ | 90D Floor Action: 📈 +107%
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sappy seal — high seas | | Floor: 1.65Ξ | 90D Floor Action: 📈 +119%
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stocky penguin — high seas | | Floor: 7.1Ξ | 90D Floor Action: 📈 +138%
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Froyo kitten — high seas | | Floor: 0.09Ξ | 90D Floor Action: 📈 +157%
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frog friend — high seas | | Floor: 0.33Ξ | 90D Floor Action: 📈 +263%
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chubby friends — high seas | | Floor: 0.3Ξ | 90D Floor Action: 📈 +264%
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Kanpai Panda — high seas | | Floor: 1.77Ξ | 90D Floor Action: 📈 +285%
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Lil Pazis — high seas | | Floor: 0.79Ξ | 90D Floor Action: 📈 +313%
Again, these picks are my subjective take on what the top 15 projects are in the cuteness meta. just nowRegardless of market capitalization or trading volume, all of these collections are currently in the top 300 NFT projects, so tracking them will give you a broader picture of how PFPs in this cute category perform. You can get some insight.
Zooming in on some, here are the biggest increases in cute caps over the past three months: Lil Pudgys, Kainpai Pandas, Chubbiverse Friends, Froggy Friendsall of which have more than a 260% rise in floor rates in that span.
Pudgy Penguins’ companion collection, Lil Pudgys, understandably has more room to grow than its parent project and has exploded with interest in the Penguin ecosystem’s recent “what’s the bear market?” . move on.
Kanpai Pandas, the most successful omnichain NFT project to date, has brought together passionate communities from eight different blockchain deployments since Spring 2022 thanks to a talented and charismatic team. With the recent upward trend in cuteness, it’s no surprise that this collection has sailed on the wind.
Other 90D climbers, Chubbiverse Friends (+264%) and Froggy Friends (+263%), are also up the floor, but other cute heavy hitters like Froyo Kittens (+157%) are also on top of these. Not too far behind the collection. ), Chubby Penguin (+138%), Sappy Seal (+119%), Finilia (+107%).
Of course, the idea of a “cute NFT” and a CUTE15 index may sound silly at first, but again, make no mistake that the action here is actually very real. For example, here are his 90D volume stats for the proposed CUTE15 collection:
These stats are now on the right side of these projects. So keep in mind that cute NFTs are currently at the tip of the spear, so to speak, as the buzz around the potential for cryptocurrencies to turn bullish again continues to grow.
I posted about CUTE15’s proposal on Twitter We’ve also had a lot of great feedback about projects that fit the list. Moving away from that feedback, I think we can definitely expand into the ‘CUTE20’ group by tracking 5 additional collections related to the category. Axolittles, Chavicone, cozy penguin, CryptomorrisWhen cup catsWe’ve got this expansion possibility on your radar too 📡
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Keep an eye on the CUTE15 (or CUTE20) collection — Track performance in 2023 📆
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What do you think of Cute NFT Rally? — Tell us in the comments ⬇️
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If you haven’t yet, please read the previous article — 2023 NFT Games Wishlist 🎮
William M. Peester is a professional writer and creator of metaversal— Bankless newsletter focused on the emergence of NFTs in the crypto economy. Recently, we also provide content to Bankless, JPG, etc.
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