The inscription exploded out of the circle, and the NFTs of the mainstream public chains also took off

Let’s start with this piece of news:

According to @DegenerateNews, on December 13, DeGods founder @frankdegods agreed to provide DeGods holders with a two-way bridge between Solana and ETH, enabling DeGods holders to migrate their NFTs back to Solana, which is “meaningful”.

As much as I don’t think DeGods will be able to win back the support of the Solana community for them, that’s not the point of this article.

I don’t know if the inscription is out of the circle to the chains, so that the chains outside the ETH mainnet have gained more attention… In the past period of time, the NFT leaders of various chains outside the ETH mainnet have quietly stepped out of a wave of excellent markets.

Rhythm BlockBeats will take stock of these NFT leaders with excellent performance in the market.

Solana

Since the beginning of this week, Solana’s top NFT projects have mostly entered a correction, because in the first 2 weeks of this week, Solana’s top projects have been rising.

Mad Lads

(Photo source: @TheOG_General)

Mad Lads is the undisputed Solana number one at the moment. On October 31, it announced the launch of its own exchange, Backpack Exchange, which received a VASP license from the Dubai Virtual Assets Regulatory Authority.

On November 16th, Mad Lads launched a campaign to stake $SOL to get $PYTH, where all users can stake at least 5 $SOL after completing KYC to earn $PYTH rewards, with stakers holding Mad Lads NFTs having the largest share of rewards. In just 3 days, there were about 150,000 KYC applications, and more than 300,000 $SOL ($18 million) were deposited into the Backpack Exchange.

Going back to the NFT project itself, the team behind Mad Lads made something called “xNFT” on Solana, and made a wallet called Backpack for “xNFT”. In short, Backpack is an open programmable system built for Web3 that is like an iPhone for every Solana user, and “xNFT” is not just a “small picture”, but programmable, an app inside the Backpack.

To illustrate with an easy-to-understand example, for example, if I hold a certain series of NFTs, then if the team of the series of NFTs has done development on the Backpack, I can download the xNFT (App) of the series in the Backpack, and then the staking portal/news feed/physical event, etc., can directly open the wallet and enter the App to operate directly, without having to visit one website after another. Teams can even develop exclusive games for NFT holders and put them on backpacks, thus turning NFTs from a website pass into a terminal voucher for executing various codes.

In the past 3 weeks, Mad Lads has risen by more than 90% and the floor price is currently close to 185 SOL.

TENSORIANS

TENSORIANS is the official 10 K PFP collection launched by Tensor, a Solana NFT marketplace. Tensor is already the most traded NFT marketplace on Solana.

In addition to the rise of $SOL and Tensor’s own performance, the ability to bring Tensor’s native token to holders $TNSR airdrop is also a very important factor.

IN THE LAST 3 WEEKS, TENSORIANS HAVE GAINED MORE THAN 160% AND THE FLOOR PRICE IS CURRENTLY CLOSE TO 93 SOL.

Okay Bears

This is the old star project that made Solana NFTs out of the circle for the first time, the PFP series that follows the IP narrative, and the recent good news is that its co-branded T-shirts have been sold in 1,149 ZARA stores in 74 countries around the world.

Although Solana has been in a dark slump, Okay Bears has stayed at Solana and kept doing things. For example, in October, Okay Bears and (RED) teamed up to launch a physical hoodie and a co-branded NFT. (RED) has raised more than $750 million for efforts to fight the pandemic and build health systems, with partners including Apple, Bank of America, Beats by Dre, and others.

In the past 3 weeks, Okay Bears has accumulated an increase of more than 60%, and the floor price is currently close to 24 SOL.

SMB(Solana Monkey Business)

This project is the old OG of Solana NFT, the first Solana NFT project with more than 1 million SOL trading volume, and the advantage is that the community is doing well and the DAO is running well.

In the past 3 weeks, SMB Gen 2 has risen by more than 40%, and the floor price is currently close to 117 SOL.

Polygon

Since y00ts left, Polygon has been the only blue chip. That’s right, it’s you, Pluto Misfits.

Pluto Misfits

This project also follows an IP narrative, which is strongly supported by Polygon. Polygon Ventures invested, Polygon co-founder Sandeep Nailwal scanned 100, and many Polygon team members used the project as Twitter avatars. In addition, the project has made it clear that it will issue tokens, which just corresponds to the recent enthusiasm of the ETH mainnet for NFT tokens.

Since the end of October, Pluto Misfits has risen by more than 370% and is currently at an all-time high of more than 1,000 MATIC.

Avalanche

Dokyo

I personally feel that there is nothing to say about the project itself… is also an IP narrative, and even their Deck has such a slogan:

“ETH has Crypto Punks, Solana has SMB, SUI has Fuddies, Dokyo has AVAX handles”

In the past month, Dokyo has accumulated an increase of more than 200% and currently has a floor price of 42 AVAX. Well, it does rise with the momentum of carrying the handle…

SUI

Fuddies

This is my only NFT project on Mint on SUI and one of the first NFT projects on SUI. This project was one of the main reasons that prompted me to write this article, as I found out that its floor price actually went up to 750 SUI…

After a closer look, I didn’t find any direct positives, which led to a 10-fold increase in the project since it entered November… It’s just that the community is quite interesting and “abstract”, and the group members are always shouting at every turn to treat others as exit liquidity, which is very consistent with the crazy Degen Meme operation style of the whole project.

Cosmos

Bad Kids

The project now has a floor price of 72, 500 STARS (over $1600 / 0.7 ETH), which has almost tripled in STARS terms over the past 30 days. Since the maximum increase of STARS this month is also close to 2 times, it is up to 4 times according to the U standard.

STARS is the token of Stargaze, the NFT appchain of the Cosmos ecosystem.

There are two reasons for Bad Kids’ rise, one is that Namada, a privacy-focused layer 1 protocol on Cosmos, airdropped their token $NAM to Bad Kids, and the other is that it is supported by ecological bigwigs, including Josh Lee, co-founder of Osmosis Labs & Cosmos eco-wallet Kepllr, and Jack, founder of blockchain development platform Strangelove Zampolin, Celestia Liquid Staking Derivatives Protocol Core Contributor @cosmonaut_joon, etc.

But in fact, I want to say that the reason for making up for it after the market is so pale in front of the market…

LayerZero

The logic of LayerZero is different from that of all the above chains, and it is relatively simple and crude, because LayerZero’s official tweet made a tweet on December 8 that it was clear that there would be a Token, so Gh 0 stly Gh 0 sts and tiny dinos skyrocketed because of the bet on airdrop expectations.

Gh 0 stly Gh 0 sts is the first NFT collection on Omnichain, and the LayerZero Token rose from 0.09 ETH to nearly 0.3 ETH within a day after the news came out, and then fell back quickly, and now the floor price is 0.15 ETH.

Gh 0 stly Gh 0 sts

tiny dinos, on the other hand, is a CC0 series of pixel dinosaurs with a very simple art style, which attracted as much attention as Gh 0 stly Gh 0 sts in the cross-chain NFT boom at the end of April last year, and mfer founder Sartoshi pushed it at the time. The trend is similar to Gh 0 stly Gh 0 sts, LayerZero Token rose from 0.03 ETH to nearly 0.2 ETH within a day after the news came out, and then fell back quickly, and now the floor price is 0.06 ETH.

tiny dinos

Conclusion

To be honest, I personally think that the reason for this wave of NFT market outside of ETH is a mystery… Even though I’ve always been bullish on Polygon NFTs and have been playing on Polygon, I don’t understand why this wave of market is happening on Polygon during this time, let alone other chains.

However, I can observe that there is a common belief among NFT players that the old blue-chip odds on ETH are too low, and even if they return to the previous high, there will not be too exaggerated increases. Moreover, it is too expensive, and many players can’t afford it… So it’s time for us to recap this article – NFTs on Solana, the “sinking market” in the Red Sea, and I think @0x Laughing’s point from a year and a half ago has been phased out.

In the end, I think every chain has a chance to replicate the path of Solana NFT Season in a bull market - a project that has attracted the attention of the market (Okay Bears) - > a large influx of players to buy potential new blue chips - > form their own blue chip echelon on the chain.

When the price goes up, people will naturally care about what the project is doing. Once the pockets are full, everyone starts talking about culture.

In addition, NFT projects are of great benefit to expanding the influence of a chain in the Web3 Native circle, and identity/community culture/player diversity, etc., will become stronger and stronger with the formation of a chain’s NFT blue-chip echelon. It is not denied that FT can also play these roles, but the effect is not as good as NFT, and it should be especially obvious in the retention of players.

If we use DeGods before the betrayal of Solana as a benchmark for non-ETH mainnets, I would expect that there is more room for the projects mentioned in this article. But in the end, I still have to throw out the most important sentence -

NFA, DYOR.