Upcoming NFT Mints To Keep An Eye On; How To Determine An NFTs Value? - Crypto Breakdown February 4, 2022

Episode Summary:

In today's episode, I talk about some NFT launches that have the potential to be blue-chip.

I also explain how to determine which NFT to invest in.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown today. I'm going to discuss some upcoming NFT launches as well as break down a little bit. What gives NFTs value? So, first off for some upcoming launch, we have invisible friends, which is going to be minted on the Ethereum network.

It is a collection of 10,000 characters and. The project has been gaining some heavy traction over the previous months, they're up to over 100,000 Twitter followers and it is looking like this has the potential to be a blue-chip NFT. The mint price is sitting at 0.15 east. There are talks in the community that this project has the potential to reach a floor of over one Eve.

This is a very visually appealing project. I would definitely recommend giving it a look. Another upcoming mint would be crypto coins. Now, this is also on the Ethereum blockchain, and this is a collection of pixelated university themed NFTs. The ment will be 0.06 Eve. And this project also does incorporate aspects of, um, actual universities here in America, which is a super cool, another upcoming NFT launch would be gizmo rebels.

This is actually on the salon network. So for those looking not to pay high Ethereum gas fees, Solano as a great alternative to trade on FTS. Now, this is a pixelated robot collection where owners are actually given the ability to upgrade their cosmetics and change the look of their NFT avatars, the public mint hasn't been released, but it is to be, um, between February 4th, which is today and February 11th.

One more upcoming NFT mint that I would like to mention is my personal favorite. And this is the Takashi flowers collection of by Takashi Murakami. And for those of you that are unaware of Takashi Murakami, he is. And he's designer who illustrates and paints pictures. He's a very well-known artist in the community.

And he actually collaborated with RTF K T studios, which was later bought by Nike to make some traits for the clone X NFTs. The Clonex NFTs are sitting on a floor of roughly 14 east. So there's definitely some high value in that collection, but Takashi Murakami announced that he was going to drop his own exclusive Murakami flower collection, which.

Influenced off of his signature design of the mirror, Cami flowers. Now this is a pixelated collection of 10,000 NFTs on the Ethereum blockchain, the mint price, and the announced date have not yet been announced, but he has, um, it made an Instagram account for his NFTs and has announced that they will be sometime in February, but the date has not yet been revealed.

So I would highly recommend. Taking a look over at the mirror. Cami flowers as a release date is approaching any day. Now, now I'm going to go ahead and talk a little bit about what gives NFTs their value and are all NFTs valuable. The value of NFTs clearly are subjective as it really matters based on personal opinion.

So arts could easily be one value, but another value that is highly sought off or would be utility. So NFT that actually provide utility for its owners is huge. Although that being said. Just because an NFT has some sort of utility or its stakes for some sort of coin does not actually give it value now just because there's a mechanism to stake for a worthless coin, just because you gain 20 token a day, the token is sitting at 2 cents.

You're not. Benefiting that much from owning the NFT. It is important to consider the development team that made the NFT where the idea for the art came from and what the actual value of the utility is. If it seems like they're just staking it, you relevant token, maybe stay away from it. If they're trying to bring in some real world utility, or if they created a Dao, which is trying to provide liquidity for different owners and trying to build.

Treasury that is very different. Um, uh, Dow for those of you that don't know is a decentralized anonymous organization, which means essentially that is just an organization that is managed by all of its peers and they are all anonymous. Another thing I want to mention is that anyone can make an NFT. Um, if you have any sort of pixelated arts, you are able to find, um, A number of countless platforms where you can go on and mint your NFT onto a blockchain of your choosing.

So that being said, it is very easy for people to post or mint NFTs to the blockchain. So definitely worth considering when looking at a project, if this is something that someone just created and uploaded to the blockchain to make it. Gains or if this is actually a real project with real utility that will move on and continue to create liquidity.

That's all the time we have for today. Guys. Thank you so much for tuning in.