#004: Justin Roiland, Giant Swan x Monstercat, and BossLogic
Welcome to the fourth edition of NFTDrops. We cover drops across the digital art and collectibles world and give readers the information necessary to stay up to date with the space.
This week we're covering last week's drop from Justin Roiland and upcoming drops from Giant Swan x Monstercat and BossLogic. We've also added a new section called Additional Drops to Watch, where we will discuss additional drops in less detail that are promising.
Recap of the Past Week
The Best I Could Do by Justin Roiland
The Collection
Justin Roiland, the Co-Creator of Rick & Morty and Solar Opposites, released his first NFT collection through Nifty Gateway this past week. The collection featured three open editions, five limited editions, three silent auctions, and two auctions. Additionally, there were also three redemption pieces called The Message, Self Medicating, and Sflins' (not shown below).
Our Thoughts
Justin Roiland’s genesis drop on Nifty Gateway was nothing less than jaw-dropping. Not only did The Best I Could Do surpass the 2021 primary sales record on Nifty Gateway, but we also had the opportunity to watch multiple bidding wars go down. In one instance, westcoastbill and unnamed went back and forth on The Smintons until unnamed successfully came out on top with a final bid of $290,100.
We believe that there are two main takeaways from this drop. First, there will be an uptake in the amount of redemption NFTs that artists incorporate into their drops. Redemptions act as a strong incentive for collectors to purchase multiple NFTs. In this drop, The Message could only be redeemed by those who had purchased all three open editions. Second, if it is already not apparent, creators who have not transcended into the digital space will do so sooner rather than later. NFTs allow creators to monetize their work on a new front and increase their following by attracting collectors, speculators, and investors from the digital world.
Upcoming Drops
Giant Swan x Monstercat
Friday, January 27 @ 6:30PM and 7PM EST
Platform: Nifty Gateway
The Collection
This upcoming drop with Nifty Gateway veteran Giant Swan and newcomer Monstercat will feature two collections. Constellations Pack, a solo drop from Monstercat, will feature 500 packs for $0.50 each while Origins will be a collaboration between Giant Swan and Monstercat that includes four open editions. Platinum Record Producer VARIEN is behind the audio for Origins.
Our Thoughts
Even though we don’t have much insight into the specifics about Origins’ open editions yet, we know that this will be a sought after drop. Monstercat is a Canadian independent electronic music record label with notable artists, including Pegboard Nerds, Vicetone, and Seven Lions. Monstercat’s Uncaged YouTube channel also has more than 2.7 billion views. Additionally, Giant Swan has released three collections on Nifty Gateway in the past. We believe that collaborations and days with only one drop on Nifty Gateway tend to draw in more interest.
Besides Origins, Monstercat is also dropping Constellations Pack. While the majority of drops on Nifty Gateway have been priced for hundreds of dollars recently, this pack allows collectors to grow their NFT collection without having to spend significant amounts of money. Even though there are 500 packs available, they will sell out instantly due to the low opportunity cost and high upside. Get ready to click fast because these will not last long!
BossLogic
Friday, January 29 @ 7PM EST
Platform: Nifty Gateway
The Collection
BossLogic and Nifty Gateway have not yet released the specifics of this drop yet, however, BossLogic will be live-streaming on Instagram with IV Gallery LA on Monday at 8PM EST. According to this tweet, BossLogic will be talking about his upcoming drop.
Our Thoughts
While we don't know much about BossLogic's drop yet, there are some indicators we can look at to predict its’ success. As with past artists, one can infer a lot about the success of an upcoming drop by looking at the artist's social media following. In this instance, BossLogic has slightly under 400,000 Twitter followers and 2.1 million Instagram followers. BossLogic's Instagram post announcing his upcoming drop got more than 11,000 likes as well.
We predict that based on BossLogic's extensive social media following, this drop will be highly sought after and will draw in new collectors.
Additional Drops to Watch
Astro & The Universe l The Journey by mbsjq
Tuesday, January 26 on MakersPlace
mbsjq (Made by Studio JQ) is releasing a drop for the first time on MakersPlace. mbsjq is a UK based digital artist who has previously created work for Google, NASCAR, and Uber. mbsjq has released NFTs on SuperRare before including DANCE, a l/l edition, which sold for 17 ETH ($24,187).
Crocodal by Rosa Aamunkoi
Thursday, January 28 @ 3PM EST on KnownOrigin
Rosa Aamunkoi is a Finnish artist based in New York that has previously worked with Apple, Adidas, and MTV. Aamunkoi will be releasing her first NFT on KnownOrigin called Crocodal, a 3/3 limited edition priced at 0.7 ETH.
Stay tuned for next week's newsletter!
-Austin (@1A1zP1) and Mike (@mikeybitcoin)