Non-Fungible Weekly #10

What a crazy last week with the markets... Take a second to read through this newsletter to take your mind off the current markets. Bear markets are for building! This week we dig into NFT Analytics tools. What they offer and how to use them to gain an edge in the NFT market. We'll also cover how projects constantly innovate, from Wobblebug and their post-mint reveal to GhostKidDAO's Twitter antics.

Bridgesplit Updates

• Bridgepslit is continuing to go heads-down building during these markets.

• Our newest beta is just about finished as we dive into internal bug testing. Stay tuned for more announcements around this!

• Last week we announced our index launch with Drippies and farming rewards in $USDC!

• If you are a collection looking to get launched on our app, let us know!

Analytics Tools

The NFT space can be a whirlwind of new projects, OG projects, Twitter feeds, listings, delistings, sales, and fluctuating floor prices. In short, data overload. We need ways to organize and filter all the input into something usable. Let's look at two popular tools that analyze different aspects of the NFT world.

Solsniper (www.solsniper.xyz)

Solsniper is a free tool to help you track floor price, volume, and unique users for NFT projects. This tool includes excellent features like watchlists, purchasing, trait floor price, and technical analysis. Oh yeah, did I mention it's free?!?!? Solsniper continues to pump out new components, regularly listening to suggestions from members of their Discord.

The home page displays trending projects that can be sorted, filtered, and marked to add to your watchlists. Watchlists are projects that you want to keep an eye on. You could have a list for NFTs you own, ones you are watching for a price entry or exit point, or a list for Bridgesplit Floor Indexes. You can also set up alerts to be notified when a specific price point is met.

One of the great features of Solsniper is that you can see in real-time the current floor price, number of NFTs listed, and total volume. Data is pulled from Magic Eden, Open Sea, and Coral Cube. For higher volume projects, there is also an indicator for the price of the NFT 10th from the floor. This is to let you know how thick the floor is. If the current price is 4 SOL and the 10th from the floor is 4 SOL, you have a wall of at least 10 NFTs with the same price. If 10th from the floor is 20 SOL, that could indicate a considerable price increase with just a few sales. You can click on 'Snipe the Floor' from this page to be directed to Magic Eden.

The last feature we want to highlight shows an even deeper dive into NFT projects. This screen shows TA (Technical Analysis) with all the tools you would expect. Real-time listings, delistings, and sales of individual NFTs. The bottom of the screen displays NFT listings in ascending order of value along with a tab for traits organized in categories with the floor price of each trait category. NFTs can be purchased directly from this screen by pressing the 'Buy Now' button.

Solsniper is a versatile tool that can be used by the novice and experienced NFT investor to help understand trends and pricing of projects and . . . it's uh . . . . free!

NFT inspect (www.nftinspect.xyz)

This tool tracks an entirely different aspect of NFTs and one that can make or break a project. Is your project's pfp blowing up all over Twitter, or has it taken a back of the bus seat to other up-and-coming projects? The tool is built to track social engagement among projects and members within projects. NFT inspect tracks all of this and more.

Once a project is unlocked by people voting on it, it will begin to show stats. Inspect looks at pfps on Twitter and displays the relevant information. For projects, it shows how they rank against others for numbers of unique pfps on Twitter. NFT teams can rally their troops to compete for the top spot through twitter raids, pfp changes, and follow to follow. This compounds the views on Twitter, building hype and engagement. For individuals, it shows followers, tweets per day, and global reach.

This tool is helpful to see how a project is growing or failing in the public eye. Are more people switching their pfps to a specific project? Are people leaving a project? These can be indicators to help you dig deeper into your research to see if you want to invest in something or stick around in a project you are currently in.

NFT Market Updates

We are holding steady this past week in the NFT markets

• Almost all projects across the board saw a drop in value along with the value of SOL.

• The big upcoming mint is Bubblegoose Ballers by WAGMI Beach for 7 SOL.

With the value of SOL dropping will we continue to see mint prices rise? Will investors keep dropping SOL on mints if they go to double digits?

Innovations

The NFT space is a pressure cooker for survival. The new becomes stale at a blistering pace and what was once a bright shining diamond becomes trampled in the mud as the multitudes race for the next big thing. While this competition can be fierce it also lends itself to teams having to devise new paths forward. We give you this week's Innovators.

Wobblebug

First up is the Wobblebug team with their NFT the Megawobs. With secondary markets choosing to list NFTs mid-mint, the Wobblebug team broke the mold with their reveal strategy. During mint and for 24 hours afterward NFTs remained in an unrevealed state. To be able to reveal users were required to stake their NFTs for 12 hours after which they had the option to reveal or keep their NFTs hidden. We are sure to see teams devising new strategies for NFT reveals.

GhostKid

Ghost kids are the current kings of Twitter. With their raids, ghost follow ghost, and #WAGBOO their name is everywhere. FUD is a common term heard among NFT projects. It stands for Fear, Uncertainty, and Doubt. FUD is a big problem for NFT projects as it can be used as a tactic to tank the floor price creating a death spiral. In an attempt to deescalate FUD, make fun of themselves a little bit, and not take everything so seriously, the GhostKid team initiated #FUDFRIDAY. This was a Twitter campaign for the GhostKid members to FUD their own project by posting fake tweets about how the project was a rug, how the dev team was incompetent, and ways that the project was not living up to standards. While some saw it as a risky move, most of the members engaged and had fun playing along. What will the Ghostkids come up with next? See some of the #FUDFRIDAY tweets below.

• Bridgesplit App

• Discord

• Twitter

• Roles