The long-awaited $APE coin from Yuga Labs, the parent company of Bored Ape Yacht Club, was dropped this week. No doubt it sent shock waves thru the NFT community combined with the metaverse trailer titled "the otherwise" is the biggest news since well the week before when they bought CryptoPunks and Meebits.
For those holding any of the NFTs in the Yuga Labs portfolio, I want to give a huge congratulations too, as many people were rewarded for being loyal since the jump and able for the first time to take profits.
For the rest of us to fall into the "Must Be Nice" feeling of jealousy. Still, I refused to go there as I believe the more success today's blue-chip projects have, the better it will be for all of the other NFT projects already released and yet to release.
But there are many lessons that can be learned from massive explosions into an early adoption market.
As the copycats will come out of the woodwork, there is no doubt we will see lots of projects dropping their own coins over the next couple of months and even more looking at the combo of a coin + metaverse announcement as a smart move and do that themselves.
But we must go deeper with our data and research because if this is a new trend, we must understand all of the variables that make this trend successful. After all, if it's just about the vanity or the high-level (Coin + metaverse), it will be a copycat play and fail.
I also highlight my involvement in MetaAthletes which will be allowlist minting on March 24th, and why I'm such a big fan of this project and was super excited to join their team. https://twitter.com/iSocialFanz/status/1504838940918009861?s=20&t=XlgkiJG6nBQQHx3Hqhplbg
Other things covered:
NFT projects included in collaboration with Bored Apes Metaverse
Difference between main-net coins and layer 2 coins like ADHD coin.
What unique ways we can approach trends to not become copycats
The data I want to see more of before connecting the dots on a recipe for NFT project success.
The problem with not enough individual holders and the problem with too many individual holders of an NFT project
Why I think the projects that take a step back and really focus on existing holders' value, not trying to get more purchases, will be the ones that succeed.
All links and content mentioned are included on the website at https://www.nft365podcast.com
The podcast is SuperPOWERED by the http://ADHDcoin.com on Rally, and you can get yourself one of the less than 75 remaining SuperFANZ NFTs or 1093 TrueFANZ NFts here: https://nft.rally.io/marketplace?creators=fanzo