NFTs are ‘Stayin’ Alive ’as new minting trends, AI and music-based projects flourish

In 2020, newly launched NFT projects experienced costly gas wars these are gas priority auctions where buyers struggle to secure their spot on the next block, possibly losing ETH to failed transactions. In 2021 digital power and utility drove the NFT hype in the ever-increasing markets and by the end of the year, how much attention each collection received seemed to be handed down to the opinion of influencers.

Transitions are slowly emerging and have infused new applicants with new sets of values ​​that not only affect how projects become currency, but what becomes currency. By 2022, it looks like the NFT ecosystem will emphasize “strong communities” and exclusive collectors’ benefits.

There is no doubt that some shifts in trends have benefited some investors and communities, but there are investors who are meeting these changes with resistance.

Let’s take a look at some of the new trends that are driving the market’s pulse and how these transitions may affect NFT investors in 2022.

A change in minting strategy

Whitelists emerged as a shift in currency strategy after ongoing gas wars left many collectors dissatisfied and looking for alternatives. White lists are structured and modeled to benefit members who are active in the mission and initiatives of the project and holders of certain collections who are ready to play the game.

The advantages of this model are that it seeks to discern potential members of the community who will add value in the long run while giving them a coin. For collectors, a place on the white list is not only a ticket for early access to a potential blue chip, but a method to reduce that you have to compete with whales that can sweep the collection.

However, getting a place on a whitelist can be good in theory, but in practice it is not so effective. White list schemes make it easy for investors and collectors to get lost in the community created hype and the black hole of “copy-paste” engagement agriculture. Some NFT collectors have commented that whitelists are a “double-edged sword”, meaning that although they give collectors early access, it comes at the price of time.

NFT collectors avoid projects that complete the process, and notice an interesting pattern. NFT gamer a collector, TravisAxie.eth said the spots on the whitelist of some projects “were issued long before the launch and pushed me a bit away from them.”

Other NFT collectors highlight issues regarding cracks within the whitelist system. Not only are there an increasing number of bots spamming and aborting members of the community that cannot be plugged in all day, but it seems that projects are relying on these models to prevent public coins.

Projects are also strategically teamed up with other NFT collections in efforts to become a household name in the ecosystem and also increase the chance of a sellout mint.

While whitelists can prevent transaction failures, it seems that the community is looking for a more optimal, value-driven way to access them. As such, collectors also diversify the contents of their respective collections.

Music NFTs are ready to break more records

Static proof-of-profile (PFPs) were the rage in 2021, but in 2022, communities, businesses and entities are looking for NFTs with in-real-life (IRL) functionality and utility. Despite remarkable PFP collections growing faster in volume than their music-based counterparts, there is potential to change that.

On January 21, 2022, crypto sold pundit and DJ, 3LAU’s Ultraviolet NFT album for $ 11,684,101 in just 24 hours, breaking the record for the first music NFT album release ever.

Blazing Through the Border launched 3LAU, a music NFT platform where users can own a piece of their favorite tunes, earn royalty streams and extra benefits.

Led by Founders Fund and Paradigm, 3LAU’s platform closes an impressive $ 16 million seed round and has since won the attention of popular musicians. Nas, a well-known American rapper, released the first music NFTs of the platform on January 11, 2022 for two of his songs “Rare” and “Ultra Black.” Fans quickly took to Twitter to show support for the platform and many called it a “revolution,

Emerging musicians and independent artists are also making waves. Known on Twitter as Latasha.eththe artist sold a music video NFT for her song “Gogo Wyne” for 13.4207 Ether ($ 51,623.97 at the value of Ether at the time.)

Other platforms like SoundMint, artists can create generative music NFTs that bridge the audio and visual relationship based on generative qualities. Giving creators agency over their work seems to be a valuable bet.

Not only do NFTs seem to be evolving and becoming more dynamic, but they are also getting smarter.

Train-to-earn: Intelligent NFTs make a splash

The next evolution of NFTs is the integration of artificial intelligence (AI). This seems to be a move in line with the growing market of metaverse, as many PFP projects, such as Sup Ducks and CyberKongz, are already 3D pixelated create versions that exist in digital worlds.

It seems that collections are increasing the ante and integrating intelligent non-fungal tokens (iNFTs) as another layer to reward their users with a new model “train-to-earn.”

Remarkably, the first in the world intelligent collectibles, Revenants by Althea AI, are the rebirth of historical and cultural icons. Unlike most PFP projects with 10,000 items, this collection has only 100 items and 70% of the collection is already owned.

However, its partnering collection, iNFT Personality Pod consists of 9,800 items and has a floor area of ​​0.47 Ether, yet approximately only 18.37% of them are owned.

Users can earn ALI tokens after successfully training their iNFT in their pods to improve their intelligence as well as contribute to Noah Ark’s (Alethea’s metaverse) AI engine.

Currently, the collection sits on a thin 32 Ether floor ($ 81,360.64) and has generated more than 2,707 Ether (valued at $ 6.9 million) since its launch on October 14, 2021. The Revenants have since December 20, 2021 no sales hand, what the price suggests point is the biggest barrier, however, other projects come right up behind it.

All-time gem. price and volume. Source: OpenSea Revenants.

ASM Artificial Intelligence Football Association (AIFA) is a decentralized blockchain game developed by Altered State Mind, featuring 40,000 intelligent NFTs as his genesis collection. The in-game NFTs, powered by the ASM genesis brain are known as the AI ​​agents / all-stars.

Users had the opportunity to purchase AIFA genesis collection boxes containing 4 AI all-stars and 1 AI ASM genesis brain. Every all-star needs a brain, which means despite buying a genesis box, players have to buy 3 more ASM brains whose floor has increased by almost 13% in the last seven days and sits on a thin 4.5 Ether floor with 37% of all brains already owned.

7 days – avg. price and volume. Source: OpenSea ASM Brains.

In total, this collection has generated over 7,073 Ether, valued at nearly $ 20 million at the current price of Ether.

All-time gem. price and volume. Source: OpenSea ASM AIFA Genesis.

It seems that the integration of AI not only gamifies the train-to-earn model, but also enables users to unlock another value. This layer suggests the better the iNFT performs, the more valuable it becomes.

In the last 30 days, the top three marketplaces: LooksRare, OpenSea, and Solana’s Magic Eden, have generated about $ 14.3 billion, according to data from Dune Analytics. All marketplaces have seen an increase in the number of traders on their respective platforms, suggesting new entrants, new influences and new trends.

As trends come and go, it is beneficial for potential investors to keep a pulse of the transitions and projects that are strong enough to focus on strong foundations and evolution as the paradigms begin to shift.

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