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Parallels Hit The Market🌪️
Featuring NFT Rankings, Top Shot Parallel confusion (my own), World Cup Woes for Canada, an Memes of the Week!
What’s up everybody, it’s LG Doucet here.
Another week comes to a close and for many, 2022 is pretty much done.
Listen, I’m Canadian. And every year at Thanksgiving, all my American business partners and clients literally vanish. Like…they gone. And don’t emerge until January.
And I can’t blame y’all. If we had an extended 4-day weekend in November, I’d definitely make that the unofficial start to my holiday season.
After all, it has been quite the year. But at least we got each other, right fam?
Let’s get into all the action from the past few days!
Sports NFT Trading Heating Up📊
Well. Sort of.
ALL DAY🏈 has a massive surge this week following their pack drop last Friday + the announcement of new challenges for Thanksgiving.
Top Shot🏀 also had a pack drop and holiday challenges, but failed to muster the same sales secondary volume.
Cool Cats FC🐱 went public last Saturday and climbed to 4th in volume during that time. UFC Strike🥊 continues to waiver near the bottom of the rankings here.
Any collection you’d want to see on this chart? Let me know in the Twitter comments!
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Start meeting new collectors instantly and swap NFTs by visiting evaluate.xyz!
I don’t understand Top Shot Parallels 🌪️
I’m not sure if you guys have been following - but Top Shot is attempting to revive its base set in Series 4 by introducing “parallels”, which are basically just the same moment but with cool art work.
I am so confused by what’s happening here. Are those different types of Pokemon?
So its the same…moments? But it has different art work? What? WHY?
I think the last thing we need is duplication of the same moments. We need less supply, not more. We need clearer guardrails and market dynamics, not more micro elements to confuse simpletons (like me).
Man. What am I doing. I feel like I’m just yelling into a void at this point with Top Shot. Is it me? Is it the community? Is it our perception?
Or does the project continue to make errors on an ever-shortening leash, with a collection of angry bag holders along for the ride?
Is he right? I honestly can’t tell fact from fiction anymore.
World Cup woes for MY TEAM 🇨🇦
I know this newsletter is supposed to be about Basketball, but let’s be honest, there is no bigger event in sports right now than the World Cup.
And MY. TEAM. LOST. 😡
*cries in soft drake music*
During our first WC appearance in almost 40 years, we came out quite strong against the world’s #2 ranked team - and almost took the lead early!
Hell, even the Sorare Soccer guy thoughts we could have won that one!
Memes of the Week 💀
First, an absolutely perfect mashup of Elon Musk and AOC (Alexandria Ocasio-Cortex) having an intimate little convo.
Second, an accurate depiction of me lurking at the bottom of my fantasy league standings:
Third, looks like Kyrie and LeBron are playing in the World Cup (??!!)
In Case You Missed It 👀
Let’s try something new here: a list of extra little nuggets you might have missed from the week that was!
Coinbase holds 2,000,000 Bitcoin. Yes fo’ real. Their CEO confirmed it after the CEO of Binance tried to call them out like he did with FTX.
The Wall Street Journal published a puff piece on Sam Bankman-Fried, the former CEO of FTX, detailing his ambitious plans outside to “save the world”. And no, he is not yet in jail LOL.
Gaia elements packs dropped, which are REWARDS for those who traded Top Shot Moments in FLOW on the Gaia marketplace.
It makes total sense: fantasy sports, but your players come as NFTs. So why aren't more people using the platforms available? And does web3 truly have anything to offer to the sports gambling crowd? The Fantasy Sports industry is set to double in size over the next 5 years, and a big part of that might just be crypto - so on today's show we talk to the experts about the barriers, the opportunities, and the market itself.
**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. Podcasts. Newsletters. Events.
We cover: Sorare, NBA Top Shot, NFL All Day, UFC Strike, MLB Candy, and more!
Tweets and Newsletters are not endorsements.