Classic NFTs and New Collections in Style to Start 2023

Adam Kantrowitz
Adam Kantrowitz
Classic NFTs and New Collections in Style to Start 2023

The Internet Computer NFT marketplace has certainly expanded by leaps and bounds over the past year and a half. The market is starting off on the right foot in 2023 with nice price action both from older collections as well as new ones. Let’s look at the best performers of last week.

The Internet Computer NFT marketplace has certainly expanded by leaps and bounds over the past year and a half. The market is starting off on the right foot in 2023 with nice price action both from older collections as well as new ones. Let’s look at the best performers of last week.

Top 2 Classic Collections

Of course, nothing on the IC is really that old. In fact, that’s why I’d rather use the word classic than blue-chip. Blue-chip gets thrown around a lot in the NFT world, but in the art world, it requires years of maintaining and increasing value to earn that title. Here are my top two selections of the week from collections that are more than six months old.

They may not be the rarest in the collection, but there is just something about the original body style Motoko NFTs that makes them highly sought after.

· Motoko Ghosts – This is one of the OG collections on the IC, now having been airdropped over a year ago. This week, a handful of sales brought the very thin floor up more than 23% from 27.5 ICP to 34 ICP. It’s a good reminder to check how many NFTs in a collection are listed at the floor price to see how rapidly that floor may increase.

· ETH Flowers – Another case of a thin floor rising rapidly, the ETH Flowers floor is up 15% from last week. That denotes an increase from 61 ICP to 70 ICP. It seems from one week to the next, there’s always a collection from Ludo that makes the list.

Top 2 New Collections

New collections can often languish on the launchpad if they don’t sell out rapidly. But this week, we find a dichotomy. One of these collections sold out instantly – the other never sold out.

· Monkey Infinity – While the fever from the first two weeks seems to be diminishing, the floor price is still rising steadily. A floor increase from 0.5 ICP to 0.69 ICP marks a 38% leap. It’s easier to have these high percentage moves in more affordable collections. But you also run into more NFTs listed at the floor price. For example, there are still about 120 NFTs in the collection listed for under 1 ICP (down from about 200 last week). The floor is thinning, but it takes some time with these 10k collections that don’t have a lot of holders yet. The number of collectors is steadily increasing, but as of today, all 10k are still in the wallets of just 351 holders, so wider adoption will be needed in the coming weeks to keep driving sales.

Those are some angry pixels right there, mister storm cloud.

·  Crypto Clouds – The hype machine wasn’t enough to sell these during the mint. In fact, there were only 19 unique minters. And yet, there are now 92 holders in this collection. The team has used Twitter to encourage collectors to buy their NFTs on the secondary market with the added incentive of monthly token drops ($CLOUD). There is also the caveat that you must delist or list at 10 ICP or higher to receive the token drops. That hasn’t quite stopped everyone from selling, but it has led to a very thin floor that was swept up this week. In fact, the floor price is up 270% from 2 ICP to 7.4 ICP. The team has burned nearly 1,100 of the unsold NFTs, but they’ve been doing it manually, which takes a ton of time. They still have about 4,200 in the team wallet as they explore options besides just burning all the unsold NFTs.

Well, there you have it. Those are the collections I was impressed with during the first days of 2023. I’m still keeping my eye on Infinity Canisters, the ongoing Gizmo launch, and the Co-Owned sale from Yumi and ORIGYN (which is now more than 80% sold out). Let’s see what the next week will hold for NFT fans!


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