NiftyNoon: Why is Everyone Talking About Velocity Pass?
Velocity Pass outperforms the industry as a rare bear market success story (October 5, 2023)
Nifty Thought
Velocity Pass, the 1000 pass collaboration between Red Bull and Art On Internet, has been one of the rare bear market success stories. The pass provides holders with airdrops from notable artists that align with Formula One races in support of the Red Bull Formula One team. It has climbed as high as 1.8 ETH after sitting at the 0.6 to 0.8 ETH range for weeks. This comes at a time when other art passes have seen their floor price completely collapse. For reference, the PROOF Collective Pass, which held a 30+ ETH floor pass earlier this year, now struggles to stay above 3 ETH.
There are many factors likely contributing to the strong success of the Velocity Pass. First, the dependable airdrop schedule allows collectors to plan and build up anticipation for new releases well in advance. The pass’s last art drop, a collaboration with PerkWerk, also exceeded all expectations both in terms of price action and art appeal. Finally, and perhaps most importantly, the pass has released further details for its upcoming collaboration with renowned Art Blocks founder Snowfro. His generative collection with Velocity Pass will be minted with the Art Blocks engine at a supply of 2000 with 1000 being a free airdrop to holders and 1000 being available to mint online and at the Austin Formula One event.
Although the price action of Velocity Pass is exciting, it is always important to keep in mind the NFT market’s continued headwinds. Both interest and demand in NFTs continue to dwindle as more buyers pull their liquidity out of the market every day. Thus, it may be wise for existing holders to take some profits off the table in the wake of this extreme price action and realize some gains.
Highlighted News
Next chapter of hugely successful #VelocitySeries coming soon to Austin, featuring the talented @ArtOnBlockchain:
https://twitter.com/redbullracing/status/1708844533708964015?s=46
Otherside shares camp has been updated to include leaderboard access:
https://twitter.com/othersidemeta/status/1709719004711940434?s=61&t=FrbW1gGKbslq7-1VApUjog
Project and Community News
Summary of the @MattKaneArtist @SuperRare @VanArman conversation on spaces:
https://twitter.com/punk3178/status/1709407906779807908?s=46&t=6ECMT5cc1l3eJqaMDdAZQQ
SBF Jury Analysis - disaster:
https://twitter.com/wagieeacc/status/1709781266705363161?s=46
Thoughts on pieces from @MattKaneArtist’s “Contractual Obligation”:
https://twitter.com/daimalyad/status/1709604331161338039?s=46
You can now add and remove log in methods for your friend.tech account:
https://twitter.com/friendtech/status/1709661643028976110?s=61&t=FrbW1gGKbslq7-1VApUjog
RTFKT x Nike Dunk Genesis SZN Starts:
https://twitter.com/rtfkt/status/1709635337771774057?s=61&t=FrbW1gGKbslq7-1VApUjog
Pudgy Penguins is featured in the Walmart Holiday Toy Book:
https://twitter.com/lucanetz/status/1709603050040463724?s=46&t=eYtiYO9L_7N74aCFLs3fZQ
Pudgy Box comes with 12 unique flavors next week:
https://twitter.com/chefgoyardi/status/1709741401380934071?s=61&t=FrbW1gGKbslq7-1VApUjog
The Station3 Passport, coming this month:
https://twitter.com/Station3NYC/status/1709562701234483588?t=Y8iPV2J6CBMVFl6Mo8SyRg&s=19
AOTM presents 'Ephemeral Visions: Exploring Transience through Art':
Now Live, Uncomputer:
https://twitter.com/mathcastles/status/1709667913374777752?s=61&t=FrbW1gGKbslq7-1VApUjog
Introducing the Ordinals Wallet mobile app:
https://twitter.com/ordinalswallet/status/1709246552860959122
Another Beeple 10x:
https://twitter.com/andrewjiang/status/1709628199255310608?s=61&t=FrbW1gGKbslq7-1VApUjog
ep 2: Beeple x exclusive:
Blackbird announce close of $24M Series A financing round, led by @a16zcrypto:
https://twitter.com/blackbird_xyz/status/1709562317615063465?s=61&t=FrbW1gGKbslq7-1VApUjog
Prohibition Artist Verification is now in the hands of the community:
https://twitter.com/jordanlyall/status/1709602340125438080?s=61&t=FrbW1gGKbslq7-1VApUjog
@Sothebysverse top auction purchasers will receive a limited edition, co-branded Ledger x @Sothebys Nano:
The NBA, NBPA, and Dapper Labs find themselves in a new lawsuit:
https://twitter.com/paul_lesko/status/1709564091394601346?s=61&t=FrbW1gGKbslq7-1VApUjog
Interesting to see the phrase “low effort ai art” being the catalyst for a meltdown among artists:
https://twitter.com/clairesilver12/status/1709609886370185430?s=46
NFT Keyboard, 2023 Edition:
https://twitter.com/ilyakazakov/status/1709220520586093053?s=20
Before and after rugging your biggest supporters for 100e:
https://twitter.com/cirrusnft/status/1709703097252212864?s=61&t=FrbW1gGKbslq7-1VApUjog
Quick Stats:
Blur ETH Daily Volume: 2,317 ETH (▲ 54.67%)
OpenSea ETH Daily Volume: 1,319 ETH (▲ 18.51%)
BTC: $27,634.91 (▲ 0.53%)
ETH: $1,636.99 (▼ 0.54%)
Solana: $22.95 (▼ 2.28%)
Polygon: $0.56 (▼ 4.77%)
NFT Daily Winners:
⛰️ Otherdeeds: 0.66 ETH (▲ 19.85%)
🦉 Moonbirds: 1.29 ETH (▲ 6.52%)
🐧 Pudgy Penguins: 5.45 ETH (▲ 3.87%)
🧬 Clone X: 1.33 ETH (▲ 3.74%)
👩🏻 Milady Maker: 1.99 ETH (▲ 0.86%)
⛩️ Azuki: 4.26 ETH (▲ 0.42%)
🦧 Bored Ape Yacht Club: 26.19 ETH (▲ 0.19%)
🧟 Mutant Ape Yacht Club: 4.99 ETH (► 0.00%)
NFT Daily Losers:
🏴☠️ Captainz: 3.35 ETH (▼ 0.89%)
🚬 CryptoPunks: 43.79 ETH (▼ 1.60%)
🏳️🌈 Chromie Squiggles: 9.55 ETH (▼ 2.05%)
🌈 Doodles: 1.25 ETH (▼ 2.71%)
🐈⬛ VeeFriends: 1.75 ETH (▼ 6.91%)
Notes:
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