MASSIVE Upcoming NFT Projects & NFT News | Starbucks NFT, Solana HACKED, Cyberkongz NFTs, Top NFTs

What's going on, everybody. So in this video,
we are going to be talking about what's going on in the NFT markets,
some major crypto hacks, as well as some updates on
some of the top projects. All right. So diving right into the sentiment
of what's going on in the market seems like everything once again
is trading sideways. Pretty boring. Ethereum going to be from, you know, 1.5, 1.6, 1.7. It seems like it's just ranging
in that space. Essentially, Ethereum
kind of is getting an upgrade and a lot of people are buying Ethereum
in anticipation that potentially ETH might explode after this whole merge
special event happens.

Now, just keep in mind
that there's another perspective where the price of this merge
is probably priced in, meaning that people are buying
the rumors essentially. And then once the merge happens, a lot of people probably will sell
right before the merge happens because you don't know
what will happen at the end. And we see that a lot in the NFT markets. We see that a lot in the crypto space
where they don't really care about the actual event itself,
but they care about people caring about the event
and that's why they all buy. So that might be a potential catalyst
to why Ethereum has been pretty steady at that 1.6 ETH range.

So you want to definitely be careful where
unless you know or you feel very confident it's
going to go up. Just understand that a lot of people
will probably sell the news and then things may not be as grand
and special as people make it to be. And a lot of people lose money that way
because a lot of people don't understand these things are kind of priced in
and they dump the bag on you. Going into Nansen NFT 500 index. Seems like NFT has been slowing down
a little bit.

We've seen a lot of floor prices
for a lot of projects, whether it's blue chip, smaller projects that have been dropping a bit,
its normal rate goes up and down. There's always cycles
and things like that, like mini cycles. So nothing unusual. As long as it's kind of trading sideways,
it's fine with me. So a quick update on 1984. You know, as we did talk about yesterday,
there's this whole drama of people, you know, trying to fight over control,
over the company and things like that. So in the end, what's happening
is that a lot of people are resigning from 1984, like a lot of the original team,
even Dat Boy over there shots Dat Boy. He said to events. He is resigning his role
as a community manager. And it seems like a lot of structural
changes, a lot of people leaving lead artists is gone.

So it leaves artists as gone. It's kind of hard
to complete the PFP, right? And then from there
seems like he got blocked by 1984. So it's I think the way 1984 is kind of
handling their PR is quite dangerous because they're kind of burning everyone that leaves
and burning every bridge in a sense. From a PR perspective
for my personal opinion and you could disagree,
that's totally fine. Probably going to be difficult for them to rebuild that community
if they kind of had this reputation right. If things don't work out, people disagree.
That's fine.

But there's always ways to do a more professional
where you're not just like calling people out
and like making this whole drama. They're definitely making noise
in that regard. Maybe it's a strategy. I'm not sure. It's just one important note
that I think you should all kind of understand
is that Alex over here, which is, you know, one of the co-founders of
the project so far, you know, since 1984 started. They raised you know, half a million dollars
from Investors Capital. And he is personally paying everybody back
with his own assets. And for my understanding, he was a
successful founder at previous companies.

He just wants to make it right. He's willing to just pay the half million to all the investors
to kind of get out of the situation. I guess when it comes to what's right,
what's wrong, everyone's
going to have their different opinion. But the fact that someone
would go out their way and like go down the drain,
half a million dollars just to make amends to all the investors and things like that
definitely does say a lot. And so, you know, shout out Alex,
even though he disagrees, he's not really making
this whole drama about it and he's just kind of like moving forward with his project value
and everything like that. So I definitely I respect that
and I definitely understand that. So, you know, it is what it is and let's
go ahead and move on to the next project. Now, in other news, talking about some
mainstream companies, Starbucks is going to be unveiling their Web
three based reward program next month.

Now, there's not too much information about how this NFT web3
program is going to work, but it's definitely a good sign for crypto
and NFT that these large public companies
who have a global presence around the world are looking at, what, three
very seriously? They're putting their names behind it
and they're risking their reputation to actually pull this off. Right. And if you didn't already know, Starbucks
has this loyalty program where people can, like, get a card,
essentially it's almost like a debit card. You give money into the card. Any time you go to Starbucks,
you can use your card. And then it's
almost like a bank in a sense. Right. I believe they have like a lot more money
than a lot of banks out there. They created this whole concept of like
creating digital dollars within Starbucks. So getting into crypto,
getting into NFT is actually not too far fetched
from what Starbucks is already doing. In a sense, they have already succeeded
when it comes to creating digital currency of their own in a sense,
but they just never called it NFT or I would never call the crypto.
And so I think it's a natural transition.

I think when people will buy a Starbucks, most likely
they're not going to do a PFP project. It's probably going to be like,
you know, after buying ten drinks, you're going to get an art by this, you know, special artist NFT, and then maybe you can do something with that
or maybe you can get a special edition like merchandise
a couple even for me, like I buy the Starbucks like water bottles
and stuff like that. And like, if you can maybe redeem your rewards
and get some NFT that can somehow get some physical items
that are actually a value that I would already pay money for,
then I can definitely see NFT and crypto really working for Starbucks
just because they have it sold out there. And when it comes to like managing digital payments and like collecting money
and then having people use those digital monies that like
buy things in their store, right? And so that's definitely a use case
that they have.

It's always like
when people create a token, when people create an NFT
and things like that. The challenge most people have is like,
How do you create demand? Starbucks already has demand to take out the word crypto and nfts
and you just say digital membership. They already got it locked down. And I think most likely
if they do this right, they will probably be
one of the forerunners when it comes to implementing Web3
into a large scale public company. Now speaking of large scale
Solana Hot Wallets recently just got targeted by a multimillion dollar
hack over 8000 Internet connected hot wallets, meaning, you know, not using a ledger
or whatever to secure your funds.

They've been compromised
and people literally just got drained out. Just the other day I saw these tweets. It was like woke up to see my phantom wallet got robbed,
you know, something like $3 inside. So obviously he had more of that. It's kind of crazy to wake up thinking
that like, oh, you know, we have like a bunch of money here
and it's like only three bucks left. So it's quite sad
actually that this happens. And I think they are still trying
to figure out where the hack came from, what was the vulnerability. There's a lot of like speculation
of what it was, so we're not going to go too
deep into that. The fact is, millions of dollars
drained and it's quite unfortunate.

In the end of the day, yes. You know, if you're put in hot
while you can always get hacked, there's always vulnerabilities. But that's why if you have money,
you know, it's a significant amount. It makes sense to have a hard
wallet. Right. I think that's crypto
where a lot of people got drained. Like people I personally know got fish,
lose their enemies and things like that.

It happens all the time, right? But that's the name of the game
when it's a wild, wild west. And it's quite unfortunate, honestly,
but it is what it is now. In other news,
there's Twitter personality over here. Wrote a pretty long thread
about CyberKongz recently. Now, I'm not saying you should
or shouldn't buy CyberKongz. I myself have a bunch of cyberkongz
babies and the VX, but I want to kind of go over this
because, you know, CyberKongz, since the early days of the noughties,
definitely have innovated a lot.

He's in a lot of projects, have kind of
took an inspiration from what they've done and applied it themselves,
which is absolutely right. And before we get into the set, let's go ahead and talk about the
the challenges the CyberKongz currently has from an outside
looking in perspective. It's cool project. You know, he is one of the top projects,
I would say, in terms of innovation. However, in order
for a lot of the mechanics of what they've built to work, they have to constantly increase demand
for their collectible. And I think before the challenge
was that a lot of people bought it because of passive
income from the bananas. If you didn't know,
Genesis makes like ten bananas a day, which you can sell for Ethereum, whatever. And then they had this plant collect game,
which was very exciting before it came out,
and then a lot of people didn't really enjoy it
because you would have to pay money to play the game
and you spend money to play the game. You kind of roll the dice and maybe you'll make money back,
maybe you'll lose money.

And that's what people didn't like. They didn't know what the reward
was going to be at the end. It costs more money to play than what you can potentially win
in that kind of kills the game. Right. And so I'm not saying it's dead,
but I'm saying that it definitely lost a lot of momentum for one, you know,
breeding was a very exciting thing at the time, you know, in the past
where Genesis can make more nfts, which is babies, and you can argue
that it's a kind of Ponzi like where, you know, it just keeps going down. I wouldn't call it a Ponzi,
but it's just like the only way it works is like
if there's demand, right? Obviously
they got to rework their branding, which makes sense because at the time
in the past, you know, everything was hot. You didn't have to have
the cleanest website and it has to be the most mainstream
and it would work. But now obviously,
because there's a lot more competition and there's more of a need to onboard
mainstream people into nfts, they have to change their branding,
which makes sense and everybody has to do
is raise funds for cyber crimes.

Everybody has to think about this plank
like updates. I think they're still going to have the
same problem of like generating demands. But the ecosystem only works if people want to buy the assets
that you can potentially win. So I would say this isn't really solve,
it's just like trying to improve it. But I think core problem still there. I would say the main important thing to look at is
how are they going to increase demand? Because without the increase of demand
and more people knowing what cyberkongz is and more people being like,
I want to collect that.

That's
really the most important thing, right? I think in the past, the challenges they had was they put so much emphasis
on play to earn, especially because axie infinity
was popping off. And obviously cyberpunk took
a lot of inspiration from Axie Infinity. They went that route,
but it didn't really work right. And even when you look at Axie Infinity,
if you look at all time, right, it was super high one point
and then it just like kind of fell off like a rock in play to earn the narrative
kind of just like went away. And so that's why they're trying to move
away from that play to earn narrative.

Obviously, it doesn't work
when things aren't pumping up, they're shifting away
to making cyberkongz as a collectible. So they're definitely changing
their messaging and narrative to their public
and saying like, Hey, we are collectible. At the end of the day, you should want to buy
because you want to join the club, you shouldn't want to collect
because these are nice pieces and I think that's more
of a realistic angle that they can take for the long term.

Also as a collectible, they want to kind of be everywhere
in terms of working with different brands and kind of putting the cyberkongz on top of these brands
to give it a little bit more edge. Right. And so I can see them, you know, working
with e-sports teams in the future, right? Or like gaming companies or whatever
fits their narrative in terms of branding. And, you know, that exposure actually
does help them a lot. And also it can be a potential revenue
generator for their IP. And the last piece is they have like an advisory incubator
kind of thing where they try to help projects that help their ecosystem
and I think they learn from the past that is part of the advice
and helped out the littles. And then when you help another PFP, it doesn't quite help your PFP just creates more PFP
and I think they're moving away from that and just trying to support projects
that directly help their PFP.

Right, interesting updates. Most likely a lot of projects
will look at what they're doing and kind of implement the same thing. So we're probably going to see a lot of other IP brands
that kind of fell into the similar play to earn direction and they realize
they have to like make a pivot. They're
probably going to do something similar or they have to find a unique proposition
that makes them a little different.

Right.
A good way to think about it is like what community are you serving
and build an energy project around that. And the final piece of news that we have
is that Sony's Hawk-Eye innovation is going to be more involved in sports NFT. Now the Hawk-Eye innovation
is basically like branch of Sony, where they focus on technology innovation
related to sports. So if you ever watch like soccer or basketball or football,
it is a camera that follows a tennis ball. If it hits the line or if it's out,
they create that technology. Right. I'm sure like a lot of large tournaments
and stuff of use and then NFT tech is going to be kind of
like a firm or agency that helps other brands
with their energy projects.

What is their particular involvement
in this project? It doesn't really say. He just gives
a summary of what the project is. You know,
this is actually kind of confusing news. So it's like, you know,
they're going to partner with each other. I did read all this and it's like, well,
what are they going to create? What are they going to do?
It's not very clear, right? Because if this technology
is meant for capturing moments, maybe they're going to capture moments
into NFT and sell them.

Who knows? Right. Kind of bullish in the fact that Sony
is getting two entities in general. So let's just keep it at that and we'll just follow along to see if there are any major,
clearer updates that clearly show what they're going to do with Nfts. What?
That's it. That's everything
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