A $40M Airdrop for NFT Creators
Plus NFT holders are being rewarded as well in another round of airdrops and teasers. Find out who's winning.
TylerD's Market Summary
GM!
Today's top news:
Optimism airdrops $40M to creators on the "Superchain"
Sappy Seals pump 40% as airdrop meta heats up
Rune Mania airdrop on BTC runs past $1,000 & leads volume
$PORTAL & $W soar on Whales pre-market
XAI announces partnership with Layer Zero
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🎁 Optimism Shares $40M with NFT Creators
It truly is airdrop SZN right now.
And many different groups are winning.
This time - it's NFT creators, founders and artists.
What Happened?
Yesterday, Optimism launched its Airdrop 4 "rewarding superchain creators."
The airdrop includes 10.3M $OP (worth ~$40M), which will be rewarded to 23,000 wallets.
The primary airdrop criteria:
NFT creators on the Superchain (OP, Base, Zora) or on ETH
Amount was based on gas spent on transfers of those NFTs (i.e. demand)
Bonuses applied to early creators, active and popular creators, and WLTA participants
Optimism has now airdropped 256M tokens worth nearly $1B to users across its 4 airdrops.
If you think you qualified, check here to claim your tokens.
Why It Matters
For various blockchains and L2s to success, they need creators.
There needs to be something to do on these chains. Products that people want.
Rewarding farmers has been a primary mechanism for many chains and protocols, but unfortunately, most farmers are value extractors. They trade time, energy and sometimes money for tokens - then sell and move on.
Founders and creators are value providers (of course there are bad apples and ruggers, a topic for another time).
Providing stickiness for them to continue creating on your chain/L2 makes sense.
Blast is doing similar with its developer incentives for its first airdrop.
Expect more of this to come. And congrats to those who received the airdrop!
💸 Airdrop SZN Across Chains
The driver of this next NFT cycle may very well be airdrops to targeted communities and holders.
Just from the past day (links in next section below):
Sappy Seals pump 40% to 1.7 ETH after rumors of a raise and more token airdrops coming
Flooring Protocol teased potential rewards coming for Pudgy Penguin holders
RSIC Booster holders on Bitcoin get airdropped Rune Mania NFTs, trading over $1,000
Wormhole's $W token trades at $1.60, should be allocated to Mad Lads, DeGods, y00ts and more
Arcade is running a token claim for various NFT communities across ETH, BTC and SOL for its $ARCD (claim today)
The argument for protocols and projects to airdrop to NFT communities is the built-in marketing arm and potential "diamand-handed" holders.
I'm not so sure on the latter, but the former definitely makes sense.
NFT holders love to brag about their gains on X, and sharing screenshots of airdrops received is a celebrated past time in this space.
It seems the meta going forward will be for traders to buy up NFT sets that are the most likely to get airdrops.
They are effectively staking ETH with NFT projects for potential yield.
Sadly for art NFT maxis, none of those high-profile collections have been targeted. Yet.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
Ethereum led NFT trading volume with $19M on the day; Bitcoin saw $8.6M and Solana was next with $7.75M
Sappy Seals was the notable top mover on ETH, jumping 48% to a 1.7 ETH floor; Chimpers and Meebits also saw big gains, jumping 21% and 14% respectively
Pudgy Toys were re-upped by Walmart for Season 2, which they posted about on X to their 1.3M followers
MetaStreet shared that its Punks-based high-yield bond product (mwstETH-wPUNKS) is live for trading
Wasabi has partnered with Ecosapiens to provide trading support for its ERC404 token $CARB; Ecosapiens are the first RWA project utilizing the 404 standard to make the world greener
A new BTC airdrop called Rune Mania led trading volume with nearly 20 BTC in volume and reaching a 0.024 BTC floor after being dropped to those holding RSIC boosters
Other BTC NFTs saw green on the day with RSIC at 0.074, Quantum Cats at 0.227, Nodes at 0.19 and Puppets at 0.069
Solana NFTs were slightly red on the day with Mad Lads -5% at 197 SOL and Tensorians even at 81
Backpack Exchange announced that it's going live in 11 states
The first-ever NFT collection minted on the $WEN WNS platform comes today with Asset Dash, exclusively on Tensor for trading
💰 Token, Airdrop & Points Tracker
Introducing a brand new section, highlighting any major token or airdrop news from the day.
$PORTAL will be included in a Binance launchpool, news that sent the token as high as $2 in pre-market trading on Whales
Wormhole's $W token trades at $1.60 this morning on Whales ahead of airdrop info expected soon (possibly today)
Arcade opened up a wallet checker for its Clash of Claims airdrop, with eligible wallets able to claim their tokens tomorrow between 1-3 pm ET
$DEGEN announced its angel investing round is complete, led by 1confirmation and with contributions from several in the Farcaster eco
Flooring Protocol teased potential rewards (tokens?) for Pudgy Penguin owners
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
Crypto majors are red this morning; BTC -2.5% at $51,100; ETH +-1/1% at $2,905; SOL -6.4% at $103.3
$STRK fell 40% from its post-airdrop high of $3 to $1.80, meaning a $1.3B market cap and $18B fdv
Avax announced that SI Tickets (Sports Illustrated's ticketing site) is bringing its NFT ticketing platform "Box Office" to Avalanche
XAI announced a partnership with Layer Zero to push web3 gaming forward, with more details to come
Base shared more about its plans for decentralization, building on the OP stack, the Superchain vision and more
gmoney and 9dcc launched the first-ever on-chain luxury fashion collection at NFT Paris and for Paris Fashion Week 20024
Euroleague Basketball will enhance fan experiences in partnership with SPORTPASS, an Animoca Brands subsidiary
🚀 NFT Total Volume (ETH)
Moonbirds (1,459 ETH, 2.09 ETH Floor)
BAYC (927 ETH, 21.9 ETH)
Pudgy Penguins (612 ETH, 20.27 ETH)
MAYC (534 ETH, 3.89 ETH)
Milady (346 ETH, 2.35 ETH)
📈 NFT Floor Price Increase (ETH)
Sappy Seals (48%, 1.7 ETH Floor)
Auntieverse (39%, 0.32 ETH)
Chimpers (21%, 0.58 ETH)
Imaginary Ones (15%, 1.37 ETH)
Meebits (13%, 1.38 ETH)
🗓 Upcoming NFT Mints and Reveals
Today is a busy day of drops spanning memes, art, pokemon cards, token claims and Ordinals.
See the full list and dive in for more details with Swizzy's daily mint monitor.
Memes by 6529 (11:00 a.m. ET)
makio's "Faster Than Light" (11:30 a.m. ET)
Courtyard x Floor - Gotta Catch em all (12:00 p.m. ET)
$ARCD claim (1:00 p.m. ET)
Kjetil Golid x Verse - Monument (1:00 p.m. ET)
Frank (6:00 p.m. ET)
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