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- Art Gobblers moons! $GOO everywhere!
Welcome to the Exit Liquidity newsletter, the place to stay up to date on the ridiculous things that happen in the Crypto, NFTs & Web3. If you are looking to join the community check out the AlphaMint Discord where all the degens gather to chat in the dojo.
Hope all you degens had a great Halloween weekend. I think everyone is permanently scarred from Beeple’s irl dickbutt image. If you haven’t seen it, don’t. Honestly, you will be better off using your imagination or pretending it never happened. It feels like the stage is set for a big week. With ETH pumping above $1600, Art Gobblers already blowing up and KPR mint coming, it’s hard not be excited.
Art Gobblers opened up in the double digits. It’s been a minute since we’ve seen a project blow up like that. Moonbirds definitely comes to mind, but Gobblers didn’t cost 2 ETH each to mint like those. Art Gobblers was a free mint and they are taking 0% in royalties. Demand was heavy pre and post mint. Multiple rumors of people buying WL spots for 2 to 3 ETH. Within the first hour of the project selling out, they were close to 7,000 ETH in sales volume alone.
So what makes the Gobblers so special? First, the project is by one of the co-creators of the popular animated show Rick and Morty, Justin Roiland, and Paradigm. Second, there is a token called $GOO. This token is used to buy pages. Pages are then “eaten” by your Gobbler and their belly turns into the new art. Hence the name, Art Gobblers. Lastly, they are artificially creating a low supply cap by only releasing 2,000 of the 10,000 piece collection. This increases demand because those who hold a Gobbler from day 1 can generate more $GOO tokens and get a head start in the ponzi – we mean collecting art.
With the floor price of Art Gobblers getting as high as 16 ETH and not going below 10 ETH on the first day, we could see the project cooling down from here. It's the first round of a 10,000 total collection with each Art Gobbler NFT creating more $GOO daily. As the supply starts to saturate the market, the money making opportunities dwindle fast. We expect to see some holders trying to min/max the most they can out of the beginning stages of the project. We also might not see this project's full potential until all the flippers are out as the core of this project is to create a community around art collecting. It could all be for nothing if the community doesn't come to the table with art worth collecting.
The early adopters will see most of the financial advantages as they will generate more $GOO and be able to mint more Gobblers and Pages. Many of the early adopters, aka the influencers that "weren't paid or compensated" to hype to project, already did benefit financially with exits up to the tune of 15 ETH, like kmoney_69. Personally we don't care, but many were upset they didn't get a free $25,000 handed to them for a little promotion. Perks of having a following, degens. Put in the time and effort and you too can be handed free WL's and free money.
Next on the minting block is KPR. We hope that all the Art Gobbler craziness drives fomo and ETH to KPR. The project officially announced that the mint is going live Novermber 2nd, 2022. A bit earlier than we expected, but we can only assume they are trying to beat Valhalla, Ether and JUUNI.
The price for each Keeper is fixed at .20 ETH per mint for both Keepers and Citizens roles. A maximum of 3 Keepers may be minted per wallet. The first phase of the mint is for those who were assigned the Keepers role. They will get a 24 hour period to mint 2 of their 3 allocated mints with the third being available during the General mint. Those who received the Citizen role can mint during the General mint phase, but they should mint ASAP as this phase has been over allocated.
The project did include a trading policy for the team. Basically they cannot participate in the mint, they can only buy from secondary 48 hours post reveal, they cannot sell any KPR NFTs for one month post reveal, but they are allowed to transfer NFTs if given permission by the team/project. All of that is fine and dandy, until you read the part beneath it.
"Note. The aforementioned policies only apply to the immediate KPR team, who have had exposure to the metadata. These policies exclude any advisors and moderators."
Now we want to trust the team, but we have seen this be abused before. People are human and in this space, we often find that the worst parts of people come out. We saw this happen to Starcatchers and the team was caught buying rares because they had access to the metadata before hand. We are not sure what amount of exposure they have had to the metadata or if any metadata has yet to be assigned to specific token ID's. For all we know it means that they know about the traits and what could be rare when randomly generated. This makes us cautious, but could be nothing. Unfortunately, we will not know until after the mint dust settles.
We are still going to be watching this mint closely. Many of the AlphaMint members and the Exit Liquidity team members did get on the WL. Let's hope this cook is as good as Art Gobblers was.
Crypto
Satoshi Nakamoto published the Bitcoin white paper 14 years ago
Visa, PayPal and Western Union file Crypto and NFT trademark applications
India's central bank plans to launch a Central Bank Digital Currency (CBDC) Rupee pilot program
NFTs
Street Machine gives updates on their female character release
Yuga Labs / Bored Ape Yacht Club founders talk on Rug Radio
OpenSea launches a copymint detection system to help fight scam listings
LooksRare is the latest marketplace to go to 0% creator royalties. They will share protocol fees with creators instead
Liquid Splits launches a new way to split up NFTs into shares and gives users options on how to transfer their shares
Web3
GameStop NFT now offers Web3 gaming collections with Immutable X
Dapper Labs announces new platform called Dapper Creators geared towards Web3 creators
Disclaimer: The Exit Liquidity Newsletter is meant to be an informational and entertaining way to share interesting things found in and around the Crypto, NFT and Web3 space. Nothing in this newsletter should be taken as the contributor's, Exit Liquidity's or AlphaMint's personal opinion or views. Nothing in this newsletter constitutes as professional and/or financial advice. Cryptocurrencies and crypto-related assets can be extremely risky investments, invest at your own risk.
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Exit Liquidity is an AlphaMint project.