Discover more from The First Mint
The #1 Sports Project of 2023🏅
Featuring data from January to June, Media Pass giveaway, and Coinbase's most exciting launch ever in NFTs.
Happy weekend people.
Enjoy it - there’s only so much summer left! But don’t tell that to Coinbase, who just launched On Chain Summer (more on that, and the FREE mints that are part of it below in the “Making Moves” section).
Indeed the summer is getting on; we crossed the half year mark over 5 weeks ago, and as of this writing the year is actually 60% complete 🤯
It’s a good time to look at how sports projects have done so far in 2023, especially as the EPL kicks off this weekend.
And thanks to Sorare Tools, we were able to split out:
Secondary Marketplace Volume, where previous we could not split it for Sorare and a few other collections.
Monthly Unique Buyers, which shows how many individual accounts are buying NFTs on those platforms.
Let’s dive into the data:
No surprise here - but its wild to see Sorare’s dominance laid out like this.
Why Sorare Soccer dominates:
They’ve been around since 2018 and have been growing their platform since (no other project is older than mid-2020).
Soccer is King globally (sorry NFL) and Sorare boasts the majority of its players and leagues.
Sorare Soccer dishes out far more ETH rewards than any other project. Half the platforms in that chart don’t even have ETH Rewards!
Over to the Monthly Buyers:
Looking at this chart, we can see:
Sorare’s dominance is not quite as vaulted here: the volume chart prior may be driven by the rewards they provide.
Top Shot + ALL DAY are doing better than expected: and I mean that compared to the narrative of “5,000 active users”. Clearly there are a few more than that on both platforms.
La Liga is in trouble: the platform has struggled to attract significant volume and users. Could Dapper transfer ownership to another company to right the ship, same as they did with UFC Strike?
Now there’s one big kahuna missing from this chart: Draft Kings Reingmakers, which has boasted some “impressive” numbers of its own.
I say impressive like that because 8,000 monthly buyers is nothing for a company like Draft Kings - but is enough for 4th place in our charts here.
Again, these are just half year numbers.
And they are not apples-to-apples; in fact, we actually have THREE different categories on this chart: Collectibles (Top Shot, All Day), Fantasy (Sorare, DK), and Gaming (NFL Rivals).
Many would argue that this is the “bottom” for our segment of Sports NFTs, and that there’s nowhere to go but up from here. In terms of the macro and crypto sector, I would agree - but it’s hard to see a world where any of these products has 100,000 monthly buyers in their current form.
But I’ve been wrong before.
Now, onto the stories of the week, including a giveaway just for our readers!
You’re Entered to Win a Media Pass!
Yep, that’s right. I just took a snapshot of our readers, and one of you will picking up a TFM Media Pass: Season 1!
Thank you for reading The First Mint, and I hope you’re all excited for the next phase coming on August 23rd.
Don’t forget to read up on MPS1 below.
There is tons of stuff to mint this week on “Base” which is Coinbase’s own L2.
You’ll need to bridge funds using a platform like Orbiter in order to buy any of these, although a few may provide a fiat option.
🔵 Base Day One | Free
Base Day One commemorates the first day of Base.
📜 A Personal Manifesto | Free
A personal manifesto by Jesse Pollak, Originally written May 2017.
⭕ Based Circle | $2
100% on-chain generative art circle seeded with the minter's and owner's wallet address, celebrating the Base Onchain Summer, 2023.
📦 Parallel Starter Pack | $92
Parallel Starter Decks are now available as one of the first Onchain Summer drops! Each Starter Deck includes Beta access, 40 cards to get started playing and earning Prime as well as 10 apparition packs.
Lots of other great mints coming up from “On Chain Summer”, which is the name for the launch event on Base.
And as you can probably tell, I’m a fan of the initiative.
We are skipping stories of the week as we’re deep in prep for Media Pass: Season 1.
But keep an eye out next week for an interesting new newsletter format 👀
**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.
Tweets and Newsletters are not endorsements.