NiftyNoon: Can VeeFriends 2023 Excite the NFT Market?
Despite the deep NFT bear market, Gary Vee’s VeeFriends is moving forward with its annual NFT conference… but is it enough? (May 15, 2023)
Nifty Thought
VeeCon 2023 is coming. While the event was highly praised in 2022, it also came at the tail end of the great NFT bull market. Deep into both an NFT and crypto bear market, the future of in-real life events that require high capital expenditures is uncertain. PROOF of Conference famously canceled their events after booking a venue and selling paid tickets (which were later refunded) due to the market state.
Though expectations for VeeCon 2023 should be moderated, this could also be a unique opportunity for Gary Vee and VeeFriends to stand out in a crowded NFT ecosystem. They are well-capitalized to host a strong event, both with venture financing and a large treasury of minted funds. If they are successful in creating a powerful IRL activation, they may dominate the NFT news cycle and drive more liquidity into the market. If the event is average, they likely won't lose much since the event is free for holders and has low expectations going in. This is an attractive position for VeeFriends. Only time will tell if they are able to take advantage of it.
Highlighted News
One of the biggest pump & dump players - a wallet having amassed 110,000 points on Blur - sent to 0 with a skull:
https://twitter.com/punk9059/status/1657420211895824384?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Blur announces two new collections are coming to Blend:
https://twitter.com/blur_io/status/1657063118810529793?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
OpenSea Pro upgrades Top Collection Offers on Homepage, with users now having the offer-listing spread for any collection always at their fingertips:
https://twitter.com/openseapro/status/1657056439137861632?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Binance announces it will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace due to new guidance related to stablecoins and investor limits provided to crypto exchanges that makes the market no longer tenable:
https://twitter.com/binance/status/1657099651210969088?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Nydoorman shares info on the creation of pianDAO which in 24 hours raised the funds to purchase The Mad Pianist, a grail from Alpha Centauri Kid’s Broken Keys collection:
https://twitter.com/nydoorman/status/1656803374782636037?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Paraspace team attempting to contact Yubo Ruan seeking an amicable resolution that serves the community best, after becoming aware that he has compromised the resolve of 2 signatories on the protocol’s multi-sig, which now puts the protocol in a deadlocked position:
https://twitter.com/paraspace_nft/status/1656481662509924352?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Clouted @CloutedMind presents OnCred, a DeFi protocol involving NFTs but not as a core product. It will have two core offerings: token for investors and contract utility for users:
https://twitter.com/cloutedmind/status/1657370077115879424?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
VeeFriends introduce VeeFriends Pins, a new way to collect VeeFriends characters:
https://twitter.com/veefriends/status/1657474793640284160?s=12
VeeFriends presents exciting Round Up, including the release of Snoop Dog music video debut of Please Take a Step Back, and announcing 6 blogs on VeeCon 2023:
https://twitter.com/veefriends/status/1657149682127351808?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Andy (@andy8052) shares he has made the hard decision to wind down all TESSERA and Escher operations over the next few weeks:
https://twitter.com/andy8052/status/1657031015066394630?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
DeGods present RSVP details for Bitcoin Miami event on May 18th, 8 - 10pm at Johnathan Schultz Gallery:
https://twitter.com/degodsnft/status/1656922815541673986?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
VALHALLA announces Battle Pass is now live:
https://twitter.com/valhalla/status/1656805195828064256?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Verticalcryptoart presents "Snowfro’s Squiggles: The Auction" in collaboration with @RtClick_Save, Tuesday 23 May at 12pm EST:
https://twitter.com/verticalcrypto/status/1656704478521982977?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea ETH Daily Volume: 1,820 ETH (▼ 9.18%)
Blur ETH Daily Volume: 5,589 ETH (▼ 0.94%)
BTC: $27,421.76 (▲ 2.07%)
ETH: $1,829.58 (▲ 1.34%)
MATIC: $0.87 (▲ 2.16%)
SOL: $21.42 (▲ 1.57%)
NFT Daily Winners:
🥔 Potatoz: 3.04 ETH (▲ 5.04%)
🏴☠️ Captainz: 8.00 ETH (▲ 3.33%)
⛩️ Azuki: 13.99 ETH (▲ 2.87%)
🥃 Proof Collective: 6.17 ETH (▲ 2.83%)
🧟 Mutant Ape Yacht Club: 9.80 ETH (▲ 0.31%)
🦧 Bored Ape Yacht Club: 46.80 ETH (▲ 0.11%)
🐧 Pudgy Penguins: 4.38 ETH (► 0.00%)
🧝🏼♀️ DigiDaigaku: 3.39 ETH (► 0.00%)
🧬 Clone X: 2.78 ETH (► 0.00%)
🏳️🌈 Chromie Squiggles: 9.24 ETH (► 0.00%)
NFT Daily Losers:
🚬 CryptoPunks: 49.20 ETH (▼ 0.47%)
🐈⬛ VeeFriends: 2.31 ETH (▼ 0.99%)
🌈 Doodles: 2.27 ETH (▼ 1.56%)
🦉 Moonbirds: 2.10 ETH (▼ 2.77%)
Notes:
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