ReviewLooksrare community's first tea party: investment strategy for NFT bear market
Author: duoduo
Recently, the NFT market has been cold, and the daily turnover has dropped by more than 50% compared with the peak in January 2022. The prices of blue-chip projects have dropped, the attention of new projects has decreased, and the performance after launch has not been satisfactory. In such a market context, what strategies should NFT players adopt? With such questions in mind, the Looksrare community organized the first tea party and invited many guests to talk about NFT bear market survival strategies.
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Market: NFT is still in the early stage of development, and it is currently in an adjustment period. Continue to pay attention and invest cautiously
The guests generally believed that the NFT market is still in the early stage of development. Compared with other markets such as DEFI or traditional cultural industries and games, the overall market value is still relatively low, and the future development space is relatively large. However, it is currently in an adjustment period. The arrival of this adjustment period is due to two reasons: First, due to the impact of the overall environment of the capital market, the US dollar’s interest rate hike and balance sheet shrinking expectations have led to increased risk aversion and reduced liquidity. Second, after experiencing the NFT bull market in January 2022, the NFT market has no new funds, the gameplay of NFT projects has dried up, and the market enthusiasm has been exhausted. Some low-quality projects have absorbed a lot of funds, and the whitelist distribution + community marketing model has basically been abandoned. Market funds, models and sentiment all need new accumulation.
This adjustment is inevitable in the development process of a particular market. For example, the DEFI market has also experienced several rounds of fluctuations and several rounds of cleaning, and finally left high-quality projects. Many excellent projects continue to work regardless of market conditions. It is necessary to continue to pay attention to the project in order to find the direction of development.
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Blue chips: focus on the depth and breadth of the project narrative
For the way of mining blue chips, the following aspects can be considered: First, NFT infrastructure, especially platform products, such as LooksRare, Treasure DAO, Superrare, etc. The second is to pay attention to the depth and breadth of project development, to be able to deeply participate in the community, continue to extend, and realize benefits. For example, the loots community initially recovered the cost through AGLD, and then pledged loots to obtain MAGIC. MAGIC developed a series of games and gameplay. Early players had many opportunities to airdrop NFT for free. The loots themselves were unsuccessful, but nonetheless paid off well. The third is that the proportion of PFP types in the market was too high before, and the follow-up can focus on projects with practical utility, such as coin issuance, airdrops, pledges, or other projects with possible benefits.
For specific blue-chip projects, Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and mfer are projects with high frequency of attention. In addition, you can also pay attention to the list of cooperation with Coinbase NFT market, find and filter from them. Because this kind of organization has already done a round of preliminary screening for us.
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Suggestions to LooksRare: Adhere to the community-based business philosophy, continue to develop and improve
Data SourcesData Sources), LooksRare’s real transaction volume has also occupied 1.5%-3.5% of the NFT market. Over the past month, LooksRare has also launched many new product functions. With product updates and user-friendliness, more and more users have begun to choose Looks Rare.
The guests are all experienced NFT players, and have also deeply participated in the experience of the LooksRare trading platform. Everyone has a very positive attitude towards LooksRare. They believe that LooksRare is now an indispensable part of the NFT market, and they are also very optimistic about the future of LooksRare. The suggestions put forward by the guests include the following aspects: First, support LooksRare’s community-based business philosophy, and be able to continuously improve products and experience based on community opinions. The second is to strengthen cooperation with various NFT platforms and data analysis projects in the market, and open up a wider range of use space and frequency of occurrence. The third is to strengthen cooperation with NFT project parties, empower the project parties, and attract project parties to the platform. You can also do AMA with high-quality project parties to attract the community of project parties into LooksRare. The fourth is to stick to Ethereum as the mainstay at this stage, and develop multi-chain deployment in the future. The fifth is to provide more professional data analysis services, such as real-time transaction curve, blue chip holding rate, turnover rate, pending order rate, etc. Sixth, it supports legal currency and credit card payment, which is convenient for ordinary users to participate in NFT transactions.
Some of the suggestions mentioned by the guests, LooksRare is currently being gradually completed. For external cooperation, LooksRare is currently on the gem aggregation platform. Users can directly buy and sell NFTs on LooksRare in batches on the gem aggregation platform, and at the same time receive LOOKS transaction rewards. In the data analysis service part, rarity sniper has been integrated, and users can view the scarcity of NFT without installing plug-ins, which is safe and convenient. Features such as real-time trading curves are currently under development. LooksRare's external API is already available for operation and use on the main network. Currently, if you want to access it, you can access it from LooksRare'sTwitter linkMake an application, and it will be open to full public access in about 1-2 weeks.
LooksRare has partnered with the Rarity sniper rarity ranking to show:
LooksRare cooperates with the gem aggregation platform to display:
