APETANK: How to find NFT projects with great potential in a bear market

特邀专栏作者

2022-11-28 14:00

This article is about 4992 words, reading the full article takes about 8 minutes

APETANK is an NFT community initiative led by BAYC. It is the most authoritative project evaluation agency in the BAYC community. It is composed of 7 overseas BAYC holders with community influence.

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APETANK is an NFT community initiative led by BAYC. It is the most authoritative project evaluation agency in the BAYC community. It is composed of 7 overseas BAYC holders with community influence.

Introduction of special guests

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Introduction of special guests

88 punk（punk 8306 ）：Chinese Cryptopunks community guests:

Brother Token (punk 1778):Xu Chen, Founder of MetaZ, the Metaverse think tank, former co-publisher of Coindesk China, China punksOG.

Brother Token (punk 1778):Since 2016, he has focused on research related to the blockchain industry. The author of the first NFT best-selling book in mainland China. Co-founder of the Cryptopunk Chinese Community. Initiator of token punk community

Noun_ 74 （noun 74 ）：Pumpkin (punk 5626):

NFT old fritters, also called Lazha, has served as an operator and consultant for multiple projects, and is a blue-chip holder who can be called by nameThe founder of the Chinese Cryptopunks community, the founder of the noun Chinese ecological community; he has incubated and coached several Chinese NFT projects to the global community.

Moderator moonlight:

Jamestownkings.eth：Bilingual host of East American Chinese descent, outstanding builder of Binance live and HUOBI live, host of Ultiverse, the head channel of Binance Live, planning and participating in thousands of programs and activities

I think the bear market of NFT is actually closely related to the cryptocurrency market. Whenever the encryption market falls, including some bad news, NFT can easily fall into a bear market. But the bear market cycle of the general encryption market is generally one to two years, so I think the bear market cycle of NFT is also one to two years. I hope everyone can hold together and we will get through the bear market together.

Brother Token (punk 1778):Moderator moonlight: I would like to ask the representatives of Chinese cryptopunks, how long will the bear market last, and what characteristics will appear in the entire NFT market in the bear market?

Brother Token (punk 1778):

I think the bear market will last at least until the next bitcoin halving, which may be longer. But I think this cycle is different from the previous two, because this time the encryption market and the macro economy are getting tighter and tighter, and the entire macro economy is very poor now, which is different from the previous two bull-bear cycles. The situation is completely different.

So from a conservative point of view, from the next round of 2024, Bitcoin will be halved. If the macro economy is also improving at that time, there will be a big bull market. If the macro economy is still poor, there may be a small bull market, which will not be very big. For example, the macro economy has fallen into a ten-year recession, and it will be a super bull market in 24 years.

NFT is still an important concept of a bull market in the next round. Although each round of bull market has different concepts, the next round still cannot escape the category of NFT. The first round of the bull market was the digital currency led by Bitcoin; the second round was the expansion of Ethereum, not only limited to the financial field, but in all fields. To NFT is to open a new era of ERC 721. The previous era was the era of FT, and now is the new era of NFT. In the new era, the last round of PFP experienced a big bull market.

There are several possibilities in the future. The prices of blue-chip projects such as PFP will still rise, because more and more people are investing in web 3. In web 3, if there is no direction, it is an unacceptable fact. Only in China's WeChat and offline posters can I see some people using this kind of investment. In the future, social media will basically be the direction of NFT. So PFP will continue to hold strong.

The second is based on the expansion of NFT. The era of metaverse is coming in the future, and NFT has changed from the era of watching to the era of using. Everyone really uses NFT to build the metaverse. The real web 3 is loot, and it's still the most innovative thing out there.

Jamestownkings.eth：The next round of bull market will still focus on the NFT field, and it will focus on the field of combinable and expandable NFT. Other hotspots such as social networking and web 3 applications will converge.

Moderator moonlight: What types of micro-NFTs are particularly worthy of investment in a bear market?The most worthwhile NFTs to invest in are blue chips. When we choose NFTs, we should choose some with a good team background (such as yugalab). I think a team that can create value is very important. At the same time, you can lay out some NFTs that guarantee security, and these NFTs can give us a better experience. You can also pay more attention to the NFT that ensures your safety.

88 punk Chen Xu (punk 8306):

Let me first talk about my conclusion. I think most of the projects that are very familiar now, including blue chips, may encounter problems in the next bull market. Now it is worth investing in projects that are sure to invest in a bear market. In my opinion, it may be less than five projects in terms of numbers. But which five specific items, everyone may have different opinions.

In a bear market, all assets will tend to be more towards the head. The global economy has not been good in the past two years, but the wealth of the top and the rich is still increasing. This is what all markets will have, unless something like In the 1930s, the Great Depression hit the United States.

After other bear markets have been stimulated by currency, the result must be more concentrated. Moreover, the NFT market we are facing is very different from the familiar investment market. Everyone should be especially careful of two misunderstandings. One is the real estate misunderstanding. We know that the real estate in Hatpark (transliteration) in London is very good. After buying a house there, the top There is a top luxury house, even if it is the worst house in that area, there is no need to worry about major problems in the future.

But the NFT market is different, and all territories will change. Before this round of bear market, you may have stood with cryptopunk or BAYC, and some blue chips, but after the bear market, you will not keep the same distance from them, and you may be thrown directly into the clouds.

The second misunderstanding is that there should be no stock misunderstanding. From the establishment of the stock market in the United States to the present, only a few companies such as Coca-Cola may have remained in the market, but that was the final result of nearly a hundred years. . But in the encryption market, web 3 and NFT market, we will go through such a process within a year or half a year. The last thing that can be left is one percent or even one thousandth of it. So I think that in the next bull market, we can see that there may be only five top projects that will exist in this bull market and the next bull market. But when we see the performance of the market, we will find that it does not behave like this. According to the logic just now, whether it is cryptopunks or BAYC, the price should be much higher than it is now, and even exceed the bull market, but it has not formed such a situation. Concentration, this is caused by two reasons: the first is that a considerable part of the funds originally injected into the NFT market are speculative funds. We have seen recent abnormal price fluctuations including BAYC, which are caused by the behavior of some giant whales. This process means that in this market, even if many giant whales are chance riches, they just picked up a treasure. In this case, their understanding of the market and their mentality towards the market are insufficient, so the giant whales will also change.

This situation will make capital in NFT, and they will withdraw from the market when the encryption market encounters large fluctuations, especially after large fluctuations such as Luna and FTX. What we see in this case. But the NFT market will be extremely illiquid.

But such a situation will not be difficult to reverse. There are two characteristics that will help projects in the NFT market enter the list of only five. The first is that there is indeed a long-term consensus, and this consensus is constantly increasing. For example, punk and BAYC cannot stop at the brand recognition they have achieved in the past. We must further promote our values and concepts. We must further expand the community and not stop there just because it is a bear market.

FrankK：The second feature is that projects with truly grand visions and continuous work are still being developed in the bear market, and they are still making very effective ones. Everyone has said that they are highly scalable and effective, and will have great potential in the future. Great application, whether it is DID or innovative NFT, it can continue to walk out of the bear market and enter the bull market. But in the end, I would like to remind everyone that I think that in the last bull market, there may only be five of the projects that everyone was familiar with in the next bull market, but the returns of these five will be very amazing.

Moderator moonlight: Please share your overall investment strategy in the NFT field.

In the long run, I think the bear market can help NFT find its own accurate positioning. The previous NFTs were relatively simple art, which were sold by these high popularity, and the life cycle was very short and very fast. I think that in a bear market, both founders and buyers will pay attention to the issue of empowerment. I think the future of NFT will also start with empowerment.

In APE TANK, I carefully thought about the issue of empowerment with five partners, and I also had talks with different founders. It was in these talks that we really understood the essence of NFT and why we are doing NFT. You shouldn't buy NFT with enthusiasm, because the market is tired of these things, and you need some real empowerment.

At the same time, I think the bear market is normal. No matter what the track is, there will be a correction, even if it is a real estate in New York, there will be a correction. Whenever we pull back, it is time for us to really explore the essence of this track.

In the current bear market, every founder will be looking for what value the blockchain will bring to the future of mankind. The APE TANK I participated in can let us see the essence of NFT and how it is built step by step. In my own opinion, to invest in an NFT, as long as you think the team is sincere enough, including the white paper is attractive enough, I think you can invest.The cycle of business value in this world is speeding up. Although there are many unfortunate things happening in the entire blockchain, everyone is looking forward to recovery and is working hard in one direction. We must survive the bear market More looking for the underlying logic of the blockchain, we will definitely create a new era in the future.

Pumpkin (punk 5626):

I think that in the bear market, there are mainly three kinds of NFTs that you can buy. They are blue-chip NFT, community-type NFT, and short-term speculation NFT.

I think there are two main types of blue chips, one is more conservative and the other is more radical. The representative of conservatives is punk, and punk has its historical value here. At the same time, it will also develop in the direction of a work of art in the future. Works of art have a relatively high premium and maintain their value. So I think punk is a pretty safe bet.

The second is the more aggressive blue-chip investment, which is BAYC. Because the price fluctuation of BAYC is relatively large, but relatively speaking, the higher the risk, the higher the return. BAYC has a lot of passive income. For example, the shoes Stephen sent a few months ago are worth 4 E, which I think is still very good. At the same time, there are monkey land and apecoin staking, which is a passive income after all, and everyone will look more comfortable.

The second is the community-type NFT, mainly Amway degen tooonz and genuine undead. Their communities are very active, as if they have been beaten with chicken blood, and they chat thousands of sentences in the community every day. Playing web 3 still needs to find a sense of belonging. People in this kind of community are very enthusiastic, which is still very good.

Jamestownkings.eth：The third is to do some short-term projects and find some projects with high popularity, such as KPR some time ago. I bought it at 0.4 and sold it at 0.9. This kind of project is still a paper hand, which can help earn a little money in the bear market. not bad.

FrankK：Moderator moonlight: Why did you think of launching a blue-chip security project?

When we were doing APE TANK, we wanted to make a safe tool to protect investors and help them make a good investment. According to our survey of different teams, we can prevent everyone from buying some unreliable NFT projects. But in the process, it was discovered that there are a lot of scammers and hackers in the entire NFT market. This matter is particularly damaging to the market, and it also has a great blow to the confidence of holders. A partner of our APE TANK was also stolen, but fortunately he was brought back in the end. This incident inspired us to create a blue-chip security token. The principle is to go to your cold wallet, where you can bind the assets in the cold wallet. For example, the BAYC stored in the wallet can transfer the blue-chip security token to the hot wallet. In the hot wallet, this can replace the real blue-chip assets for certification, as an intermediary between assets and certification.

Building such a safe system is not only for the safety of everyone's assets, but also a protective measure to make everyone more confident in web 3. So I recommend everyone to pay more attention to our APE TANK project. I hope that everyone and everyone will survive the difficult bear market and enter the bull market.