Brave Sells Out 2500 In Pico-Bottom
A Breath Of Fresh Air
While the rest of crypto continues to scrutinize every move by FTX — Cryptocurrency Derivatives Exchange CEO Sam Bankman-Fried and his half-assed Twitter apology (as Charles Payne Quote Tweeted), I thought it would be worth trying to pivot and remind the NFT space to go touch grass.
It’s easy to get consumed with negativity in the midst of market peril. Unfortunately at the heart of fear comes capitulation. So instead of reminding you of how red the @Solana chart was this past week, and how over 9 billion in mis-managed customer funds disappeared, how about we start here:
Crypto market bounces back with global gains of $874.28 billion ~ 3.47% global market increase as mentioned on CoinMarketCap.
Pressing Forward
While the past month around the NFT space has been a carousel of arguments over royalties, the BAT Brigade managed to pull off a huge win during some of the toughest market conditions the past year has seen. Cardinal Labs teamed up with the Brave.com team and Adam Ape to drop a Genesis NFT based on the four stages of immersion in web3:
The Curious, The Dabbler, The Degen, and The Sage.
On top of the art and visual media associated with the NFT, the series promotes a deflationary mechanism that allows for a burning of the 3 initial consecutive stages to acquire the legendary Sage. A few cool features to note with this mint was the ability to mint in the native BAT token, which can be earned by using the Brave browser. Every month there are calculated rewards that get sent to a wallet of your choice and depending on how my time on the computer you spend dealing with ads; that could add up to a few dollars of passive income in crypto sent to your Metamask, Coinbase or Brave wallet.
Another cool mint feature of the Brave Genesis was the royalty instillment on the NFTs, and their partnership exclusivity with the Magic Eden, Coral Cube aggregator and Cardinal Labs. They are powerhouse builders in the @Solana NFT space, and what they are building towards will allow for a tremendous amount of new innovations to built for NFTs.
While I unfortunately missed the mint taking my one year old daughter to her Dr, I purchased The Dabbler from Coral Cube in full disclosure, and was delighted to see Cardinal enforcing royalties at a protocol level.
Reviving The Bull Market
While this project may not have brought the bull market back out completely, it is a strong sentiment to builders in the space selling out in these conditions. With the current total volume traded on the project is approaching 4,500 SOL trading volume, the holder ration and average price per purchase are a healthy reflection of potential.
As someone who has switched over from Firefox to Brave, the browser is everything I wanted from Google, but without everything I didn’t want from Google and other advertisers. If their impeccable browser model is any indication of quality, then the value of their Genesis NFT will hope to echo that quality back to holders! After selling out in a little over an hour, it is no secret why seeing all the positive growth spotlighting a multi-chain future.
If you are interested in NFTs, blockchain and insights check out some more writings below and don’t forget to clap, subscribe and comment feedback!
Diamonds On The Block
Ledger Nano-X For Dummies
The Worst Week In Crypto
A Year Around The SOL — Rugged
With Love,
