NFT Worlds Crashes, Otherside Kodas

🚨 In Case You Missed It

US Federal Reserve hikes interest rates by 75 bps for second consecutive month to fight inflation.
Ethereum daily active addresses reaches new all-time high. Over 1.1M addresses made an ETH transaction yesterday for a total of 1.64M transactions.
Algorand CEO Steven Kokinos steps down “to pursue other interests.” COO Sean Ford is appointed as Interim CEO.
US Congressional Committee delays stablecoin regulation bill until after August. US Treasury wants exchanges to keep clients assets separate from corporate assets.

📊 NFT Worlds Tried to Swim in Lava

NFT Worlds is a play-to-earn platform that aimed to create 10,000 tokenized, voxel-based worlds. The project originally planned to leverage Minecraft’s open-source ecosystem to offer gaming and social experiences.
However, Minecraft decided to ban any NFT integrations within its ecosystem on July 20th, stating that NFTs “create models of scarcity and exclusion.”
Within 24 hours of the announcement, floor prices of NFTs issued by the project dropped 80% from 3 ETH to 0.6 ETH, later recovering to 1 ETH in the following days.
Similarly, the project’s WRLD token dropped 66% from $0.03 to $0.01 in less than 3 hours.
In response, the project published a statement on July 22th announcing that it will pivot to become entirely crypto-native by building a new game and platform.
For more on NFT Worlds, Delphi members can read our Delphi Insights report here.

⚡ Otherside Kodas

If you believe that the Otherside metaverse is going to be successful in the future, Kodas are worth checking out. Among the 100,000 Otherside lands that have been released, only 10,000 of the lands have Kodas on them.
While there have not been any significant details released yet, it is reasonable to believe that the Kodas will play an outsized role in the lore that Yuga Labs is creating.
There will be good and evil Kodas, as evident by the recent First Trip demo, where players had to band together to defeat an evil Koda.

It takes a lot of buying pressure for Otherside land prices to move up significantly because there are 100,000 – 200,000 of them. On the other hand, Kodas are much rarer and highly coveted among BAYC fans.
The floor prices of lands with a Koda are selling at a premium. They sell for 6-10X the floor prices of normal land, with prices fluctuating between 15 – 30E since the launch.
One positive catalyst for Koda lands would be Phase 3 of the Voyager Journey (“Koda Origins”), where Kodas and Artifacts can be decoupled from their lands. No date has been set yet.
We will likely learn more about the Kodas as we leave Phase 2 and draw nearer to Phase 3. A few notable statistics for Koda lands:
- 5,954 (59%) unique holders.
- 794 (7.9%) are listed for sale on OpenSea.
- 6478 (64%) of Koda Lands have never been traded.
- Mega Kodas are the rarest type of Kodas (only 99 available), with a floor price of 300E.
For more information, Delphi members can read the full Delphi Insights report here.

🐣 Notable Tweets

Lens Protocol Marketing

The Rise of Lens Marketing

1) How should we use @LensProtocol to market ourselves and/or our products and services? Who will make money from it and how? How is it different from other forms of social media marketing? A 🧵 on my thoughts.

— RickLatona.eth 🦇🔊 🐼 (@RickLatona) July 26, 2022

NFT Finance Summer

<sudoAMM: NFT Finance Summer>

@sudoswap launched the sudoAMM which is specifically designed for NFT pricing. sudoAMM may be the game changer that could ignite NFT finance summer and ultimately lead to NFT summer

Thread on sudoAMM and NFT Finance

— alphanonce Intern (@alphanonceStaff) July 27, 2022

Understanding Art Blocks

Art Blocks has amassed over $2.5 billion in secondary sales

Not understanding the platform could be the biggest mistake you make this year

Here’s everything you need to know about Art Blocks:

↓↓↓

— LALLEY Finance (@lalley) July 27, 2022

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