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The NFT space is currently on its bull run; the market is not similar to stocks or cryptocurrencies but something that the world has never seen before.
This month is spectacular for the NFTs; VISA - the world's largest payment processor bought their first crypto punk (a type of NFT) for $150,000. BAYC (Bored Ape Yacht Club) has also seen a rise in their floor price from around 0.5 ETH to 25 ETH in just less than a few weeks.
NFTs, in a simple sense, means a blockchain token representing something; it may be art, music or whatever you see in your real life. Arts is democratized & decentralized using NFTs; we don't need to walk into an art exhibition to buy art usually carried out by millionaires. But the art industry is leveraging it to a broader extent to sell their craft that the world never experienced before.
When something makes a dollar on a dollar, people get into that blindly, which we may refer to as FOMO. The NFT space is premature, it is like how Bitcoin was in 2010, so there is plenty of room for regulations & hype. Never miss an opportunity and take your chance to go to the moon. But choose the project that you invest in wisely based on their community & art variety.
Most of the current NFT projects, including BAYC (Bored Ape Yacht Club), Pudgy Penguins, Funky Frogs and others, are based on animals & memes. But Alcabons are unique, and it is dependent on the crime & thriller version of the metaverse. A perfect gift for Halloween to scare your fellow metaverse users.
Each Alcabons are represented by a placeholder image on the explorers or Open Sea because their representation is not yet revealed while I wrote this article. The pre-sale of 3000 NFTs at a floor price of 0.03 ETH each got sold in 6 minutes.
The public sale of 7000 NFTs at a floor price of 0.06 ETH will start on 29th Aug at 9 PM UTC. But still, the current price of the token on the open market is around 0.7 ETH which means, there is a listing gain of about 1000% for the NFT. Holy Crap! That's my reaction when I saw it on Opensea. Don't need to trust us, but trust blockchain, see real-time activity here https://opensea.io/activity/thealcabones.
Their website states that "The most ruthless, cold-blooded mobsters. The six families will go to war soon. Who will take control of the metaverse?" The project has a strong community inflow of around 200 users joining per hour and a healthy volume of 600 ETH one day before the public launch, so we're optimistic about this project. We will surely see more hype about this project in the future.
More info about the project can be found on their website https://www.alcabones.io/
This is not an affiliated article or press release of the official team but an independent analysis of blockonomist.com & represents no interest in promoting users to purchase or buy such assets.