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  • šŸ„›Special Edition: NFT Sunday šŸŽ

šŸ„›Special Edition: NFT Sunday šŸŽ

PLUS: A special guest inside...šŸ‘€

Today's edition is brought to you by MetaMask Learn - learn web3 with the leading web3 wallet! šŸ¤“

Hi everyone. Itā€™s TPan - a friend of Milk Road.

The Milk Man is out of town this weekend (he left his OOO message as: real Gs move in silence like lasagna), so Iā€™m taking over and delivering that NFT milk.

Hereā€™s the lineup for today:

  • This weekā€™s biggest movers šŸ“Š

  • Pudgy Penguins launch toys šŸ§

  • Nike releases Our Force 1 šŸ‘Ÿ

  • Checks go to Christieā€™s āœ”ļø

Prices as of 9:15 AM ET

NFTā€™S TOP MOVERS OF THE WEEK šŸ“Š

Source: CryptoSlam

Here were this weekā€™s top movers (in terms of sales volume):

  • Milady (+70%): A whale sold off their holdings in the collection, along with additional activity from Blurā€™s lending platform, Blend.

  • Pudgy Penguins (+31%): The collection of cute flightless birds gains volume with its toy launch.

  • Opepen (+40%): NFTs from this collection exchanged hands over 1,500 times as details around the next artist release were revealed.

How could you and your art benefit from learning about NFTs?

Whether itā€™s to understand the hubbub of what theyā€™re really about, explore another medium for your craft, or just learn more about how web3 paid out an average of $174,000 per creator in 2021, this interactive lesson from MetaMask Learn is designed to help you.

NFTs can be many things, but at these tokens' core, an NFT is a provably scarce digital item. Web3 artistsā€™ favorite wallet, MetaMask, wants to inspire you to learn about NFTs so you can see for yourself if youā€™d like to explore this community-centric field thatā€™s disrupting the creator economy.

Interested in learning about how NFTs are relevant to you as a creator?

PUDGY PENGUINS LAUNCH A NEW TOY šŸ§

Everyone was talking about one thing this week: Pudgy Penguin Toys.

Hereā€™s why:

  • $500,000 worth of toys sold within the first 48 hours of launch

  • Hit #1 in multiple toys categories on Amazon

  • Pudgy Penguins NFT floor price rose from ~4.5ETH ā†’ ~6ETH (+33%)

The craziest part? The toys are making people money.

Hereā€™s whatā€™s been happening:

  1. A person buys a Pudgy Toy

  2. They scan the QR code on the Pudgy Toy ā€œbirth certificateā€

  3. They enter Pudgy World, an online clubhouse for Pudgy Penguins

  4. Open trait boxes from the purchase

  5. Buy, sell, and collect traits

Hereā€™s an example of how it works in action:

The cherry on top: The Pudgy Penguin NFT owners that the toys are based on have a licensing deal, and get a percentage of toy sales. Talk about a win-win.

So, whatā€™s next?

  • Amazon is just the start. The toys will launch globally and will hit other major retailers like Walmart in June.

  • Their secret weapon is the Pudgy Penguins Instagram account, which has over 547,000 followers. The team hasnā€™t announced Pudgy Toys to that audienceā€¦yet.

  • Pudgy Penguins hasnā€™t spent any money on marketing. That will change after raising $9 million, announced earlier this month.

The Pudgy Penguins team is showing that there are different ways to achieve success in the world of NFTs and building IP.

Luca Netz, the CEO of Pudgy Penguins is a legend in the e-commerce space. Prior to entering the NFT space, he sold over 9 figures of products online.

Soā€¦if youā€™re looking for a gift for your kid, young relative, or adult friend that acts like a child, consider a Pudgy Toy.

PS: One of the secrets to Pudgy Penguinsā€™ success has been their GIF game. The Pudgy Penguins GIF collection has 2.8k uploads and over 3.4 billion views.

PPS: I did a deep dive on the Pudgy Toys effort here.

NIKE RELEASES OUR FORCE 1 šŸ‘Ÿ

Nike launched the Our Force 1, and these virtual sneakers are fresh.

What are the quick hits?

  • The sneakers come in two styles: New Wave and Classic Remix

  • In order to purchase, you need to have a .SWOOSH account. You can join the waitlist here.

  • Each of these boxes cost $19.82, which is the year that Nikeā€™s Air Force 1ā€™s debuted

  • Over 73,000 boxes have been sold, which is over $1.4M

  • The total supply of these boxes is 106,453 which is a play on the T-9 keypad. (remember those?) 6-4-5-3 = N-I-K-E.

Why does this matter? Wellā€¦itā€™s Nike.

One of the most popular brands in the world is entering the world of NFTs. And if you look closely, they want to make these more than just digital collectibles.

I expect these boxes to sell out within the next few weeks. If you have a .SWOOSH account, you might want to grab a pair, or 4 (the maximum per account). Theyā€™ll probably be the cheapest pair of sneakers youā€™ll find!

CHECKS GO TO CHRISTIEā€™S āœ”ļø

Checks is a digital art collection that started as an $8 open edition in January this year by the giga-brain designer Jack Butcher. 16,031 Checks were minted.

What has the collection achieved since then?

After the Christieā€™s auction concluded, the Checks Elements collection held an additional auction for the remaining editions of the 152-piece collection. Each holder will also receive a physical print from Cirrus Gallery.

What was the highest sale? 22.69 ETH, or ~$40,000 buckaroos. I could be Twitter Verified for 400 years with that money!

So what? Weā€™re continuing to see the fine art world embrace digital art. Artists like Jack Butcher are creating novel ways to engage with the traditional art community on one end while supporting the rise of the digital art community on the other end.

MILK & COOKIES šŸŖ

MILKY MEMES šŸ¤£

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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