Are You Feeling It?

(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)

Gm gm GOOD MORNING. If you didn't notice, we have ads now (see above)! Hopefully this helps pay the bills (click them!)🤷🏻‍♂️.

I understand that everyone has been having a good week so far. With internet money pumping and NFT floors rising across chains, it feels like we’re in a different universe than just a few weeks ago. Not to mention the fact that I’ve been accumulating a bag of feetpix on ETH.

Surely this will last – right? Right?

Even if it doesn’t, let’s enjoy it for now. Personally, if I don’t capitalize on this move, I will be surreptitiously fudding every project I’ve ever touched.

Market Update

Before I even get into AVAX NFT volume, let’s talk about Avalanche decided to throw down the gauntlet with their huge announcement yesterday, causing AVAX to pump almost 30% in a day.

What’s more – this just seems to be the tip of the iceberg…

I always thought the competition between onboarding enterprise web2 businesses would boil down to SOL and AVAX. With SOL being backstopped by Sam Bankman-Fraud and mired in that entire fiasco, this is now a one horse race.

And no, this isn’t like all those Polygon partnerships that you heard about.

ETH maxis and other altchain natives are in utter disbelief. All I ask for is free 2-day shipping.

As for AVAX NFTs themselves, we’ve enjoyed a good 2023 so far.

Since January 1st, we’ve had >$10k daily AVAX volume pretty much every day, with the last few days tickling ~$20k USD.

While still a drop in the bucket compared to ETH, it’s all relative and I’m glad to see that we’re doing some “respectable” numbers recently. I’m very curious to see how we pan out over the next couple of weeks, between the macro overhang and rumors of potential deleveraging on ETH because some apes decided to quit their job and stake APE in perpetuity.

Every day I’m more convinced we live in a simulation.

Project Update

I’ll keep this brief – most projects have enjoyed a nice uplift in floor price week-over-week, with the major exception of Ferdy Fish. I think they’re partly a victim of their low supply and their floor has been bricked by some folks who bought the pico schmico top of 40 AVAX a week or two ago. Still waiting for someone to accept my stinky WAVAX bid… (alpha: never buy listed projects on Joepegs).

Peons continue to rise, though have seen a small pullback after hitting north of 7 AVAX. Will need to retake my Beeg board seat sooner than I thought. In the meantime, I’ll be making under the table dealings for alpha.

Smol Firat was a free, 100-piece collection launched by Party Mansion to provide in-game utility for their upcoming game “Smols’ Landing”. Naturally, this mooned immediately and I wasted far too much gas trying to get the last 3 that went to the public sale. Smol Estates pumped to go hand-in-hand with this mint.

I think the others here are self-explanatory (APAs continue to rise due to burn mechanics for upcoming OOPA mint, etc.)

Upcoming Mints

Keep your eyes peeled fellas, as our benevolent overlord Dom has gibbed us the alpha.

I’ll do my best to provide the best coverage on what I view to be very high potential and upcoming mints as necessary.

Chad Doge Supers 

And then we have Chad Doge. My brothers in Christ, today is the day.

Note: this is entirely separate from the Chad Doge + Vials combination mechanic, which will take place later. You probably don’t need to worry about this unless you’re RockDog, who has been accumulating Chad Doges since they minted and simply has an unfathomably large Chad Doge moon bag.

If you have Blacklist, you can mint 2. If Whitelist, only one. If both, then 3. We like math!

Now, there’s really only one way to approach this mint.

Any questions? No? Great.

Mechavax

Finally minting in 7 days on the 19th, Mechavax is looking fairly promising. I’ve owned an enlistment pass for a couple of months, which guarantees you WL and access to an upcoming auction for some sweet 1/1 pieces.

If you’re not familiar, I would strongly suggest going through their twitter feed. Personally, I think these look sick. As a former Evangelion enthusiast, I really like the project concept and think it could do fairly well. It’s certainly been well-anticipated despite flying under the radar for months.

Conclusion

Exciting times to be a part of the red chain. Between amazing business development bridging the gap between web2 and web3 alongside incredibly talented and innovative creators and founders, I feel great about our holistic long-term outlook. Time to make some joe and max mint later today – see you around.

Cheers,

Chuck