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Theme: The Floor is Lava Don’t trust floors in low volume periods. Affordable project: ALPACADABRAZ - Collection | OpenSea NFT NewsNFT Headlines: NFT Fund Starry Night Goes Dark on SuperRare - The Defiant Nansen Connect to Rival Discord as Hub for NFT Communities New Generative Art NFT Marketplace Archipelago Backed By Tyler Hobbs Why Solana Is Going Big on Mobile—And Making a Smartphone Transcript: [00:00:00] Today on all about affordable NFTs, the floor is a lava. Why we gotta be a little suspicious of low volume floors when we see 'em all right, Andrew, what do you see in the news? Yeah. So we've got, uh, you may have heard some things recently going on with three arrows capital, one of the big hedge funds. I think we talked about them, but they have an, an NFD collection that they have put together under the name of the collector, uh, going the, the group going a starry night. [00:00:30] Um, so you've seen recently, or some people have noticed that all of their. NFTs have been moved to just a single wallet now? Um, not much, uh, not much news beyond that, but it does look a little, uh, looks a little odd, um, from where they had these all in many wallets before and now they are face potentially facing some insolvency issues. [00:00:52] So could see where they may need to be selling their NFTs at some. Uh, what. Would presumably create a discounted price, um, to what they paid for. So keep an eye on that. I think that is interesting. They have, it's a, it's an impressive collection. Um, yeah. What kind of, what kind of stuff are they long on? Uh, so they've, I mean, they've got some, some, uh, some max copies in there. [00:01:14] They've got some, uh, DK motions, some, um, some other, I mean, I, I, I haven't looked at the entire thing, uh, specifically, but I know it's a, I've noticed them put some. Or make some big, big, uh, buys, uh, the past six months or so I think they've also got some, um, Some high end art blogs pieces in there. So I'm sure there's gonna be people watching what happens with this because, uh, you know, like I said, it's, it's a pretty impressive collection. [00:01:40] And if, if someone, if someone's going to, if someone is forced to liquidate, I'm sure there's going to be, uh, buyers at a, a certain price, you know, but it will be a big discount, I would think. Yeah. That's an interesting one. Not affordable, but interesting. Yeah. Not affordable at all. [00:01:56] Let's see we've got so Nason is a, uh, an analytics platform, uh, does a lot, um, with the NFT space and they are launching Manson connect as a, I mean, they're saying to rival discord, but as a communication hub for NFT communities. Um, so we have talked about the need for. For other alternatives, uh, to disor and it looks like, um, N has launched one here. [00:02:24] And, you know, I'm curious to see where this goes. Yeah. Um, I don't know much about it, but, um, you know, more web two in it. And let's see, we've got another NFT marketplace launching. This one is called ACAP archipelago. I always have a hard time saying that word, but it is, um, backed by, uh, the artist Tyler Hobbs. [00:02:45] He's the art artist behind, um, Denzo the Denzo collection. So this will be a generative art specific marketplace. Um, A lot of art blocks, but also other generative art on there. So, you know, we've talked about how, uh, these new marketplaces are popping up and specializing in specific, uh, areas of the NFT space. [00:03:05] And, uh, you know, that's what we're seeing here with this one. Hmm. [00:03:08] You know, I just like how many, how many marketplaces for generative art can the market sustain and, and support? I think it's really just about. What artists can you get in there? And I, I think it's hard for a new platform like that. Maybe to be a resource for launching new ones, as opposed to giving maybe the opportunity to find existing artists that have like collections and like you might be able to snipe some interesting opportunities that way. [00:03:37] Yeah. So I think this is a, you know, more of like a, this third part, you know, a, a marketplace where you can buy and sell generative art pieces, not necessarily launching new art collections from here, but, uh, just like an open sea for generative art specifically. Um, so I assume that they will have more features that are, uh, you know, specific two generative art, specifically some of the, the traits and filters. [00:04:00] Aren't great on open sea for some of these collections. And I imagine that some of that will, uh, you know, they'll, they'll build. Things to work specifically for generative arts, um, you know, with Tyler Hobbs name, I'm sure that it will get some attention from, from collectors in that space. We tended to say this thought for a future episode, but I get the sense that like we're like reaching a peak for generative art. [00:04:24] I think there's a certain point at which the bloom is off the roads and it's no longer novel. Just the medium of it. It'll be really much more about how you're actually using it. Especially as I look at the advancements that are about to just roll on with D two. Uh, G P T three open AI extension of, uh, generative images that can be done by like, just text alone. [00:04:50] It'll no longer be like, oh, how cool you cobble together? These like, you know, uh, adversarial networks and like started with this like unique process. It's gonna be somebody writing a couple sentences and shit. And now, yeah, we got Agans are different than generative. Um, in the way that I, you know, generative art in the space is generally looked at as like, this is the code that produces this output rather than here's a bunch of images that we feed to make a new image. [00:05:17] Um, so I see those as being, as being different. Um, yeah, we are definitely seeing some, those Dolly two images are some interesting stuff coming out there. This is a, this would cut me by surprise. Saw this headline today. Solana is launching a smartphone. Um, so this will be a, as far as I know, the first web three native smartphone. [00:05:38] Will have features more built in natively to the OS. Um, so that you're not necessarily, I mean, I think if you, any of us have, have used meta mask on, on your phone or tried to do much on the phone, you realize that you're kind of jumping around from, from different app to app to get things, to work and assign the transactions. [00:05:58] It's not ideal. Um, so I think. There is, there's some opportunity here to improve that. Um, I'm not entirely clear how this is going to work with work for Solana at this point, but, you know, I it's, I imagine that we'll get some, you know, this will have payment features so that you can pay easily using crypto. [00:06:18] Um, that's what I said in announcement, at least. Yeah. So it's interesting. We'll see what happens. I don't know. As a rule software companies don't fare. Well, when they just jump on into the old hardware world and assume that like, oh, you just can kind of roll that out. But, you know, um, I don't know if there's particular advantages that being native web three will, will have when it comes to mobile tech. [00:06:47] Uh, I'm not optimistic about it, but I am interested in, in what they find out. It feels to me more of. A well functioning application on an existing phone than a phone phone, but, Hmm. I mean, as long as you're fine with your call getting dropped, I don't know, for seven hours at a time because you can't keep the network up. [00:07:07] I'm good. I'm good with that. Oh boy. Oh, oh. T-Mobile can we hear you? . All right. Well, what have we got for a affordable project here? We've we've we've got one. I feel like we, uh, you know, we didn't have the best, uh, we rehashed one last, uh, episode, so, well, I'm glad we've got something here, George, you brought one to us. [00:07:26] What have you got? I have found the thing you say it first I'll pack a PAC cadavers, PAC. Deborahs all one word and it's, uh, an alpaca themed, uh, type of PFP will say, and I'm talking about, um, not their 3d collection, but their Genesis collection, current floor price. At 0.2, they have 9,700 items, roughly speaking half owners. [00:07:55] So that's a pretty good mix of owner distribution. I'd say. And the, the team is, I hate saying this, but semi docs where they have a team, I can see, but they're, you know, Twitter profiles, they do list the team. There are a number, uh, of them, uh, working on this project at least 12. I see. They have. A bit of a classic run the play with regard to their roadmap, focusing on the metaverse, but they're doing it as sort of a play on other people's lands. [00:08:29] So they've got a foot in NFT, worlds, sandbox, web land, other deed, arcade land, but more importantly, it seems like they're trying to build mini games inside of those ecosystems, including not limited to a mobile game they're planning and. I think it's affordable. I found it also on, um, uh, the, the wame.io, but it's actually had some, some interesting price movement recently. [00:08:56] So I don't know if you're, you're also seeing that Andrew. Yeah. So I, this is one that I looked at a very long time ago. Um, and I remember that it had actually climbed up. I mean, looking here, like this is, this was up over half an eighth at one point. Um, Hannah's come back down, but yeah, we're seeing some, we're definitely seeing some action still here. [00:09:16] It's actually, I see it at the end of, um, end of last year, looks like it was hitting at one point. Yeah. So this is really had a run. This has really come down, um, from there. And I dunno, we're also kinda seeing like this, this 0.2, um, floor looks like it's, you know, looks like it's holding fairly strong as a, as a floor. [00:09:39] Um, you know, seeing some sales under that recently, but not a whole lot. Um, so, you know, I think that's something we've we. We've talked about, and you know, these, these, the collections that do persist with sales and that you do start to see like, well, this is really where the floor is. Um, you know, I think that's, that's good to get there, you know, not saying that it can't go lower, um, you know, famous less words. [00:10:01] Right. You know, as soon as you, you buy in, it can go lower of course. But, um, but I think it is good if you see sales over time, you know, that are, you know, they get picked up when they do get much below there. Um, and I do like that. I mean, they do have a big team, like you said, it's semi doc. But I recognize a lot of the people that are here and it, you know, they, they are people that have been around the space for, you know, relatively considerable amount of time. [00:10:23] Um, you know, considering the age of the NFT world. Yeah. I mean the gray boys was it the little NFT characters and they were like focusing on that. It's kind of like that play where you're just like, I I'm past trying to get up on sort of acquiring land, but acquiring the, the players. And the builders that will be trying to work across the land with across brand types of components. [00:10:52] And these folks seem like they're developing stuff. I don't know, you know, not financial advice I'm talking about, you know, two D P F P Alpac is done with pixel art. So there's that full disclosure. I don't own any, but tend to get into. I get in my own head of being like, I'm gonna feel like a real dope if I don't buy the thing I talked about. [00:11:13] So don't be surprised if you see mostly, most, mostly stable creep into the creep into the activity there. Yeah. Easier. I'm gonna float some bids. I'm gonna, I'm gonna float some bids, maybe, um, maybe I'll use genie. There you go. Yeah. I mean, uh, yeah, definitely worth floating bids. I think we've talked about that. [00:11:34] You know, that's, it's a good play right now. I think you can get a lot of things, a lot of, uh, offers accepted and try out that new, uh, that new collection offer feature on open sea. That's that's pretty cool. I'm so glad you brought that up. Uh, because they, they bought it and they implemented it right away. [00:11:49] So like, just to talk this through, there is now a collection make collection offer. So this means I'm literally just saying I'm willing to pay, you know, in case of this, I'll, I'll throw a dart at 1.5, a 0.15, sorry, 0.5. You're gonna wanna be careful. You put that 0.5 and I can put an expiration date. It looks like of one day, three day custom date. [00:12:13] And now this means like anybody who wants to sell one of these Alpac Cadas. We'll see that and be able to say, okay. Um, so I, I'm not really getting to choose on trade. Am I you? Well, you can put a, you can select, if you want to do a specific attribute on most of the collections, I have noticed that the, uh, it's somewhat different on various collections. [00:12:41] So I can put a collection note. Like I want a body of a standing, cuz I have no clue what the rarity. The rarity special, unique. I think they've got, you know, attributes in here. [00:12:53] I am checking it out yet. I actually have not done. Yes, you with this, you cannot do any kind of, uh, offers on or any kind of attributes on the PAC Cadas it seems like it is on some collections and not on others, but so this, yeah, you'd be making a collection offer similar to how it's done and looks rare already where you can make an offer. [00:13:13] Anybody that holds one could accept that. Um, but yeah, I think it's, I mean, I think that is a, well, I know it's a whole lot easier than trying to make offers on, you know, the, the five or so that are just among the floor. Um, so this is, it's a nice feature. Um, and I think it adds, I think you can add a lot of liquidity to projects, um, makes it much easier. [00:13:34] Um, For these offers to even, to make the offers that people that maybe weren't so interested or, or didn't yeah. Didn't we say like 10% of offers are getting accepted these days. I think it's, I don't know about, yeah. I mean, I've seen some big numbers of like the percentage of sales right now. The number there in with have been has been it's been up there. [00:13:54] So, uh, yeah, definitely try those wealth offers. If you are buying it into any of these projects, I think it's real smart. Yeah, I might put little fueler, little fueler, bet. Know what George is gonna be doing? George, you gotta finish the podcast. No, I got a thing to do. Sorry. I'm busy. Alrighty. Uh, that's your affordable project and good luck to. [00:14:17] All right. So let's get into our topic here. Low volume projects and floors. Whew. What's the problem, George. the floor is lava. All right. The floors lava injury. It means it's gonna get, it's gonna a burned, right? It's a little. Well, well, metaphor here is that with low volume, I've had this thought of, you know, both on the rise up and the rise down, but you know, you, you watch the price sort of hit this peak in your, in your mind saying, oh, if only I had put a high price on it, it definitely would've sold when it hit the peak. [00:14:50] The point is like, In and around there, like the amount of volume really is thinned out and in general has thinned out, whi…
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