Early Facebook Vibes: DeLabs Latest Innovative “Roadmap” Drops Hints

Good evening (because it's always evening somewhere!). You're reading "To The Moon," and we're still ‘bullearish’ on most NFT projects. This Wednesday, we’re praying for more blessings, so let's explore the good and embrace the failures along the way. Here’s what’s happening in the NFT space on July 5th.

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• Early Facebook Vibes: DeLabs Latest Innovative “Roadmap” Drops Hints

• If Bored Apes Die, NFTs Die

• Half Moons 🌗 - Daily tidbits

• NFTevening's Shooting Star 🌠 - Our artist of the day

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Early Facebook Vibes: DeLabs Latest Innovative “Roadmap” Drops Hints

DeLabs, the creator of NFT projects DeGods and Yoots, has launched an ‘unconventional website’ resembling early Facebook. The move precedes the upcoming DeGods Season III and yoots2 expansion in July 2023.

The website, deemed "performance art" by founder Rohun "Frank" Vora, challenges traditional roadmaps, stating "Roadmaps are stupid."

In fact, this FB clone page IS the roadmap (kinda, sorta).

The community is excited about potential additions to Season III, such as female DeGod avatars and changes to the DUST token model. DeLabs also aims to redefine NFT holders' intellectual property rights, allowing them to become brand license holders.

DeGods, previously the most valuable Solana NFT project, shifted to Ethereum, while Yoots moved to Polygon. Despite price fluctuations, DeGods and Yoots remain promising ventures.

There’s also something called Points, which Frank says is going to be game-changing so we believed him.

In true DeGods fashion, the founders and the team continue to pave the way for innovative web3 projects and ways of doing things.

Read the full story here

If Bored Apes Die, NFTs Die

The floor price of Bored Ape Yacht Club (BAYC) NFTs plummeted to its lowest in 20 months, reaching 27.4 ETH ($53k). This surprising drop occurred last weekend, shocking the NFT community.

So you’re telling me, this JPEG isn’t worth exactly $1.12 million?

In April 2022, the floor price was a historic high of 153.7 ETH. However, BAYC had a relatively good month in June, starting at 64 ETH ($126k), and it is slowly recovering from the recent decline, with a floor price of 31.5 ETH. The overall NFT market has been struggling in June, with a $31.3 million drop in trading volume compared to May.

Some attribute this decline to the emergence of the new NFT marketplace, Blur, which gained significant market share due to airdrop campaigns and a zero royalty fee policy.

However, OpenSea remains the platform with the most traders. The ongoing Blur-OpenSea digital war continues to be debated among traders, and the recovery of the NFT market may take some time.

Read the full story here

Half Moons 🌓

• Beeple's Provocative Piece Enters Traditional Realm at Castello di Rivoli Museum [NFTEvening]

• These 10 NFT Projects are Still Surviving the Bear Market! [NFTEvening]

• Ubisoft Takes a Leap into Web3 Gaming with ‘Champions Tactics: Grimoria Chronicles’ [NFTEvening]

• Million-Dollar Skins and NFTs: Exploring the Lucrative Intersection of Gaming and Blockchain [NFTEvening]

Shooting Star 🌠

Abidin Katipoğlu

Abidin Katipoğlu is a Turkey-based artist. Abidin produced physical art which they transformed into digital art. Understanding that the NFT world is a new and evolving field of art, Abidin quickly adapted and has been creating NFTs since April 2022.

Follow Abidin on Twitter @AbidinKatipoglu to learn more.

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