The King Enters The Metaverse π
The First Mint
Featuring A Deflationary Supply, Ticket Tools, Goat Games, Challenge Corner & More
Good Morning, NFT Friends! Happy Thursday βΒ hope you had some great luck in the queues these past few days!
Letβs get into all the action from the last few days:
A Shrinking Supply π₯
With both Trade Ticket Stress Tests and the All-Star Elite Ticket drop in the books (Standard drop is TODAY at 10 AM PST), we saw a whirlwind of moments getting sent to the Locker Room over the past week.
A good thread on the trade-in data via @jonboybeats:
Alright itβs been a full 72 hours since the βPacks 4 Trade Tixβ announcementβ¦
Hereβs what happened
March 4-5: 217k tix trade in
March 5-6: 179k tix
March 6-7: 156k tix
Total of 552k moments have been turned in. Shoutout to @NestMaps for the help.
What about existing supply?!
The numbers in the thread are pretty surprising, and (assuming they are correct) could get really interesting after a few more ticket-related drops.
While I donβt think your average 60k moment is going to become valuable just from scarcity alone, Top Shot continuing to add strong incentives and utility for tickets makes them more than the pennies they were before.
My packs this week were still pretty gross, but the Twitter machine was buzzing with some nice Legendary and Rare pulls. And, in some cases, two of the same legendaries in consecutive packs (multiple users in the thread below):
As a #MFFL, Iβm indifferent on my pulls. But Iβll take it. @nbatopshot #NBATopShotThis @LukeKennard5 https://t.co/VqDh2Jc0Zi
These dropped marked my first dive into trade tickets β and this great tool from MomentNerd really made a difference in the process:
π€π¨ NEW TRADE TICKET TOOL π€π¨
With the @nbatopshot trade ticket packs coming this week, I coded up a simple tool to help decide which Moments to trade in for tickets.
π Enter TS Username
β
Select Moments
β»οΈ Go to TS site to get tickets
https://t.co/I9nj3VxcIg https://t.co/x8woUYG3qi
Goat Games π
If you havenβt been following NFL All Day, the ride has felt a bit similar to the negativity in TS β with the pack churn and high price points creating a bit of a disappointing start.
However, one thing Iβve said from the start of All Day is that theyβve gotten great buy-in from a tier of NFL stars that Top Shot couldnβt capture until over a year in the platformβs lifespan (Wade, Durant).
A curious teaser was posted Wednesday from Patrick Mahomes, featuring a cool VR/AR moment experience of some sort:
3.15.22 @NFLALLDAY https://t.co/Bkq8i629yx
Elsewhere in the NFT world, we saw another superstar make a move into the space:
LeBron James filed 4 trademarks for use on digital assets from virtual footwear to basketball courts in the metaverse.
A thread: π§΅π
https://t.co/q8NI7Hlpgl
Outside of Top Shot, we havenβt seen a ton of successful individual player-led projects (R.I.P., DeAaron Foxβs NFT reputation). However, LeBron is more akin to a Nike or Adidas βΒ he is an institution.
Itβll be interesting to see what direction he takes β we know LBJ is quite the businessman, so I doubt heβd let himself be a part of a cash-grab or low effort project.
Also, the LeBron James kid should definitely mint his video as an NFT:
Challenge Corner π
Only one active challenge (Wednesdayβs Flash Challenge below), but weβll likely see the next batch of legacy challenges after Thursdayβs All-Star Standard drop.
Flash Challenge: Raising The Bar
Reward:Β Josh GiddeyΒ MSFE
Whatβs Needed: Moments from the top 5 leaders in FGM &Β assists
TFM x BookMate πΈ
Trade NFTs?Β BookmateΒ is a full-service crypto tax firm that can help you file taxes. From DeFi, to trading, to NFTs,Β BookmateΒ can help you accurately report your crypto to the IRS (as well as any real estate, stock trading, or business income you have) while minimizing your tax burden.Β
BookmateΒ is offering readers ofΒ The First Mint NewsletterΒ a free 30-minute tax consultation to discuss your tax situation.Β Book a callΒ today!
Around The First Mint π£
π§Β NFTs In 36 Months (Pt. 1)
π§Β We Are All Explorers (Feat. Jasmine Maietta)
π§Β There Are Too Many NFTs to Collect
Thanks for reading! βΒ ZachΒ @ The First Mint
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