Top 10 NFT trends to be prepared for to invest and get in early
Epic Web3 Weekly Newsletter
Hi, growth buddies 👋
This is the Epic Web3 Newsletter — a weekly dose of best practices & insights from the top industry experts to help you dive into Web3 and boost Web3 products.
In this week’s deep-dive, we’re gonna to:
Bring you a new bunch of the Web3 Growth Summit speakers;
Explore how NFTs will be used in the near future;
Share the juiciest deals and news from the Web3 world.
🎉 Revealing the new speakers lineup of the Web3 Growth Summit
We’re super stoked to announce that superstars from Superfluid, Axie Infinity, Zerion, UMA, and other fastest-growing Web3 companies will be taking to the stage at the Web3 Growth Summit!
Why not take a cheeky sneak peek at what they’re preparing for you?
«How to grow and leverage the community in the high-demanding Web3 industry,» — Chandler De Kock, Growth strategist at UMA (Universal Market Access protocol).
«NFTs as growth drivers: how we onboarded 35k new users in 2 days with a generative NFT,» — Alexander Guy, Head of Marketing at Zerion (a smart & social Web3 wallet).
«Streamline your DAO admin with money streaming,» — Michele D’Aliessi, co-founder at Superfluid (an innovative blockchain protocol).
And that’s not all. On July 25—29, we’ll bring together founders, CEOs, growth leaders, and executives for 5 EPIC days of case studies, content, and networking to help you grow in the Web3 industry.
You’ll learn how to:
— Build and grow open protocol based ecosystems;
— Convert existing communities to DAOs;
— Create an MVP in GameFi: everything from research to community building;
— Drive community engagement, loyalty, and commitment with NFTs;
And many more actionable tactics on product & marketing growth in Web3.
Hop on the Web3 Growth Summit — save a spot before the price goes up.
P.S. You know what happened at the NFT NYC 2022, right? Folks got Covid-19 there.
We’re not gonna call them losers as Milk Road did, just wanted to remind you that the Web3 Growth Summit is totally safe to attend. Cuz it’s virtual!
🧑💻 What the future of NFTs could look like? Community insights on tokens go from here.
NFTs can literally be the future for everything, however in a few years their value will entail more utility, and not just collectibility. The Web3 enthusiast Chris Cantino recently shared a thought-provoking thread about what forms non-fungible tokens would take in the near future.
Here are 10 options that we found interesting:
1️⃣ Professional Networks
You purchase NFTs to gain access to professional networks — whether it’s a local chapter of builders or workshops, seminars, and global chats with people exploring Web3 people. According to Chris, building in a bear market will depend heavily on these tokenized networks.
2️⃣ Minimum Viable Communities
Although many NFT projects forged useful benefits, a lot of them had trouble developing sustainable models. However, instead of giving up, they'll decentralize, cut costs, and hand off management to contributors in an effort to build minimally sustainable communities.
3️⃣ M&A (mergers and acquisitions)
As NFT project funding and resources run out — whether due to crypto winter, poor management, or failure to compete — communities will intentionally unite. They’ll come together to pool capital, access, tooling to combine resources and member benefits — from PFP mergers to holding DAOs.
4️⃣ Retail
NFTs will be used by retailers from 7-11 to Gamestop to encourage in-person purchases, leveraging creators to increase foot traffic to storefronts.
For instance, think of Yeezy NFTs that are airdropped with purchases from Gap stores or NFTs that open up special features for Tesla cars.
5️⃣ R&D (research and development)
NFTs will unlock access to early product release and potential profit sharing. Brands and creators will trade NFTs for information on the new products development, including roadmaps, marketing claims, customers pain points.
6️⃣ Loyalty Exchanges
As businesses and creators seek to reinforce loyalty, there won’t be traditional discount codes. Instead, they’ll use NFTs to reward community members for their activity. Did the member contribute content, complete surveys, buy something? Then they get an NFT as a reward.
7️⃣ Education and Customer Support
Users who demonstrate excellent product expertise may be rewarded with NFTs in exchange for attracting newcomers to the community or providing support. Compared to a brand employee or high-demanding ambassador doing the same, this may have an enormously greater impact.
8️⃣ Leaderboards
Similar to the previous point, here NFT communities will gamify by emphasizing the performance and participation of top holders. Top contributors will receive rewards and clout, thereby incentivizing communities to hold and participate in order to secure better returns on their investments.
9️⃣ Social Investing
Web3 streamlines investing by reducing manual processes like spreadsheet management and signature collection. What’s more, it also acts as a social record. According to Chris, startups like Party Round (a fundraising tool for founders) will build networks around such activity, and reinforce them with NFTs.
🔟 “Soulbound” NFTs
Soulbound tokens are NFTs that can't be transferred once received — you’d hold it in a so-called Soul wallet forever.
And that opens up a lot of new opportunities: though NFTs are praised for their transferability, there are many use cases for Soulbound tokens (including identification documents like licenses, certificates, and proofs of attendance).
P.S. Read more about the concept of Soulbound tokens as we covered it in our Telegram.
Web3 is a fast-changing industry, that’s why we can’t leave you without up-to-date news. Here are the juiciest ones to share this week:
1/ Cryptoys, a platform aiming to "reimagine what a toy actually is," raises $23M in a Series A funding round led by a16z. Little ones are gonna get some NFT education instead of dressing up their barbies or playing Monopoly.
2/ Uniswap acquires NFT marketplace aggregator Genie to “unlock universal ownership and exchange” on its platform. The sum of this deal remains secret.
3/ FTX nears a deal to buy BlockFi for pennies on the dollar ($25M). Uh-oh, this figure’s 99% lower than BlockFi’s last private valuation…
4/ Binance partners up with TikTok’s most followed creator, Khaby Lame, to spread awareness of Web3. This industry definitely needs his life-hacks followed with hilarious facial expressions, right?
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Rounding off here! Hope you found this dose valuable and look forward to seeing you at the Summit 👋
Talk soon,
The Epic Web3 team