In this episode of ngmi, hosts champ and kmoney are joined by CValley, founder of 0xValley and co-founder of ETHER (10k NFT Collectibles) to discuss alpha on the upcoming mint, and what ETHER and other projects can do to deliver value to holders.
Read our notes below to learn more.
Intro
Kmoney lost money on chasing Trump and Biden NFTs.
CValley came to know about crypto in 2017 and put a small amount of money to invest.
Forgot about it till 2021 and discovered that they had received $20k in Uniswap airdrop.
Became interested in trading NFTs in March 2021 and had some success and some losses.
Building an NFT Project That Delivers Actual Value
It is important to have the holders of a project in mind and finding ways to drive value for them.
Example of it could be the way that Azuki strengthened its brand through real-life activations and cool branding.
CValley is an Azuki Bull, one of the top holders for a while and sold some to fund ETHER.
Another example is a project that raised millions of dollars for its treasury through a small collection of physical items as a reward for holders who believe in the project.
Important to not dilute the brand further and to find a way to stay on the thin line between giving value to holders and diluting the brand with airdrops.
Creating One of the Most Exciting and Sought-After Brands In The NFT Space
Co-founder of ETHER Viii has been working on a project for two years and it has been in development for a long time.
The team has taken their time to fully build it out and the bear market has allowed them to do so.
They have released information slowly to keep people interested and speculating.
Important to ensure that everything produced is of high quality and that their focus on quality has attracted support from fans.
The Vision of the ETHER NFT Project
ETHER will be the Fortnite of Web3.
ETHER will involve high fashion, celebrity connections, and the creation of products.
The project is described as a strong, interconnected brand that is easy to build off of.
They carefully choose their collaborators and decline many offers that do not align with their vision.
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Navigating the waters of crypto is risky; even the biggest CEXs & stable coins can have huge risks…
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Project Details
Most people in the space are only interested in flipping NFTs for profit and giving out whitelist doesn’t attract genuine interest.
Mint price is going to be 1ETH.
Allowlist is 1750 and it’s not done yet, pay close attention to the next trailer.
Hand-picked every member of the community to ensure they are genuinely interested in the project.
Viii tends to leak alpha information on Twitter and in Twitter spaces and has revealed concepts for fashion pieces and has put sneak peeks of them online.
The bar for web 3 clothing is low, with many projects just slapping their logo on a blank item and calling it merch.
FUDs NFT projects Face
Plans to release information slowly and be transparent about their plans for using funds and building out their project.
Wants to be honest and transparent about their approach and give people time to decide if the project is worth investing in.
Designing NFT Projects Roadmap
The project is almost ready and will be launched in the next four to six months.
Smart contracts will be used for certain actions and incentives in the project.
Funding and gamified systems have contributed to NFT projects' success.
Pressure from the Community Expectations
The focus of the company is to build the best product possible and they are not under pressure to rush things.
They are taking their time to carefully build and explore different options and have time to connect with their community.
NFT Projects CV Likes
Azuki Bull, one of the top holders for a while and sold some to fund ETHER.
Closing Thoughts
Believes that honesty and transparency with the community is important for an NFT project in a bear market.
It is important to drive value back to the community and keep them excited about what is to come.
The NFT space is still fairly new and has opportunities for innovation through smart contracts and wants to pave their own path in the space.
Check out these important links
TODAY’S EDITION IS BROUGHT TO YOU BY TREZOR HARDWARE WALLET
Navigating the waters of crypto is risky; even the biggest CEXs & stable coins can have huge risks…
Act now, click the link below & become your own bank via self-custody.