🎙️NFTs Might Be Dead For Real
Top Shot Might Be Dead, Playoff Picks, Snoop Dogg’s NHL, and Fornite at the Olympics.
What’s up everybody, it’s LG Doucet here.
Are we dead?
Because these may in fact be the darkest of times.
And not because number go down (which for apps like Top Shot and the rest of the sports NFT cohort, its definitely down).
No no - number go down regularly in crypto. Its part of the journey. And hey ETH is still almost double what it was during the FTX collapse, so its not all down.
No, I’m asking if we’re dead because of something far worse than low floor prices. Something that is absolute killer for new technology and the communities that come with it.
I’m talking about disinterest.
As in, people just don’t really care.
I can’t remember a time since late 2020 when NFTs seemed to matter so little. Yes, we still have tons of “builders” and well-funded companies in the space, working away to be ready for the next thing. And yes, many institutions are announcing crypto integration on an almost weekly basis.
But its clear that the current thing - 10k collections, open editions, endless pack drops, and promises of “web3 gaming” - is not sustainable, and mostly a bi product of the last cycle.
If anything, the recent “shitcoin” boom is an indication that at the end of the day, the current crypto market only really values ones thing - price go up.
Which isn’t a bad thing.
But it’s also not the end game for the technology behind NFTs, despite having been 99% of the story so far. Yes, speculative NFTs will find a way to boom again no doubt, but the tech’s true destiny is in something far greater.
“The masses”, as they like to call them, will one day come - but not to play in this casino. Rather, they’ll come because they need to, just like we all needed Facebook and iPhones once they found practical application.
Until then, hold steady friends, and don’t lose your shit shirt as the days get long.
This newsletter is brought to you by the SWOOPS SSN1 drop!
Swoops is a basketball simulation game where you can compete for championships, win daily cash prizes, and honestly just enjoy owning a basketball team!
And their Season 1 drop is coming May 17th, and SIGNUPS for the PRESALE are open right now!
On Swoops, every player has a unique set of traits - as in no two players (NFTs) are the same - and they can all be used to build your squad. And they already boast 200+ community owned teams, and have simulated over 145,000 games!!
Key Details for the SSN1 Drop:
1,500 Total Supply
0.05 ETH per Swoopster
Begins May 17th (see full schedule in above graphic)
The SSN0 public mint sold out in less than 35 mins!
🎙️212 - Top Shot Might Be Dead, Playoff Picks, Snoop Dogg’s NHL, and Fornite at the Olympics
As Meme Coins die off, and NFTs sink even deeper into the pits of hell, we discuss wether this truly is the “death” of Top Shot, or if its been dead this whole time.
Plus, LG makes another bold pick on the TS Playoffs, and we continue to wait impatiently for NHL NFTs amidst the Maple Leafs disaster.
On today’s podcast:
2:45 - Maple Leafs Radio (lol)
12:00 - Embiid Went Curb Stomping
16:30 - Jokic Wants To Fight
21:00 - Playoff Series Predictions
28:00 - TS Redemption Updates
40:30 - Is Top Shot Dead? Be Honest.
56:00 - Snoop Dogg wants to buy a Hockey Team
1:09:00 - The Rock Is Not a Good Actor
1:15:00 - RIP Jerry Springer
1:22:00 - Quick Hits Section
1:22:30 - Still waiting for NFTs from the NHL
1:25:00 - UFC Strike
1:28:00 - Fornite at the Olympics
1:34:30 - Hot Take of The Week
1:46:00 - Candy packs sold out!
🔥Hot Take of the Week
With our remaining hockey teams at opposite ends of playoff success, its only right to ask YOU the community who your fave Canadian celebrity is.
Tons of fantastic answers this week, but none that are closer to Phil’s heart than former world-famous mayor, Rob Ford.
⚾ Sold Out | Candy Plays of The Week
Cost: $20 per pack (2 NFTs)
Supply: 200 packs
Time: Already happened!
Thoughts: These are ongoing every week of the season, and will be used in Candy code breaker challenges.
🏅 Today | Top Shot Premium Pack
Cost: $69 per pack (6 NFTs)
Supply: 3,700 packs
Locked: 25k+ TSS gets early access
Thoughts: Season finished a month ago and its crazy to me to drop more supply. But hey, I know how badly you must want to pay $69 for a PJ Washington MGLE, right?
💎 Today | Top Shot HOLO Pack
Cost: $499 per pack (10 NFTs)
Supply: 2,650
Locked: 100k+ TSS gets early access
Thoughts: If you can believe it, there are still TWO MORE LEGENDARY DROPS TO GO THIS SEASON. Come on man.
We’ve got a new entry here!
NFL Rivals is an arcade-style game featuring NFTs of NFL players. It launched recently and has already put up $30k+ volume just last week. Not bad!
And onto the active buyers.
I spend a good amount of time writing fun tweets each week.
Some hit. Some don’t.
But there’s nothing that slaps quite like a “what’s wrong with top shot” style narrative, that pretty much turns into group therapy in the comments.
I didn’t stop at just one tweet either.
I eventually moved on to more pressing questions…
…before settling back into video games.
**This is not financial advice. Nothing in this newsletter, podcast, or publication should be considered financial or trading advice of any kind. Please do your own thorough research and make your own trading decisions. This is not advice.”
About The First Mint
A web3 sports community. Collectibles, NFTs, and Metaverse.
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