The NFT market has shown some positive dynamics in recent weeks. High-ticket sales among blue chip projects like CryptoPunks, Bored Ape Yacht Club, and Doodles increased throughout October, alongside some of the best Art Blocks generative art collections. The market still has a long way to go to return to previous highs, but the signs are promising.

NFTGo’s Blue Chip index shows prices rising (Source: NFTGo)

Much of the recent market activity can be attributed  to Art Gobblers, which created enough excitement to do more business in just a few days than all other collections combined. For a deeper explanation of the project, check my colleague Tom’s excellent write-up here.

While early allowlisted investors will access the biggest slice of Art Gobblers’ gains, as long as the excitement continues, there’s still cake on the table for you. Art Gobblers’ forks and satellite projects will likely appear soon.

Help NFT Tools Evolve and Get Rewarded

One of the best recent benefits our community experienced was the airdrop from the NFT marketplace Blur, which can still be claimed up until 09:00 PST on November 2. Since launching just over a week ago, it’s leaped from zero to having the biggest volume in the NFT market today, taking the crown at least temporarily from OpenSea. Blur’s success is largely down to two key factors.

Firstly, users were drawn to the platform in vast numbers by the airdrop, and it won’t be the last one to occur. More rewards are on their way for those that list, sell, and buy on the platform.

Source: Twitter

Secondly, Blur focuses on advertising when a collection’s floor items are listed on it instead of other marketplaces, hijacking buyers.

Advertising, good liquidity where needed, and repeated airdrops should change how users perceive the market, forming a new flywheel. Use the platform to get the future airdrop, head here for specific details.

Another up-and-coming NFT platform is Collection.xyz. Built on top of sudoswap, it allows users to boost rewards for providing liquidity to specific sudoswap pools. The aim is to ensure deep liquidity is available for specific collections, making them more attractive to traders. 

Teams can use Collection.xyz to drive attention to their projects. In other words, they can incentivize (or bribe) users to trade particular NFTs.

Many collections already offer bribes for liquidity (Source: Collection.xyz)

Currently, Collection.xyz doesn’t have a token, but an airdrop is likely. So, becoming an early user could pay off more than expected. The project still has a small following on Twitter, but some of the followers… wow – expect something big in the future.

New Chain, New Apes, New Gains

Aptos has also been talk of the town lately, and the collection worth snapping up on the network is Aptos Monkeys. The NFTs are already sold out, but the floor price is reasonable at around 19 APT (~$140).

There are multiple reasons the collection is worth a shot. To begin with, Aptos is promising in general. It’s got all the key ingredients regarding backers and developers that can make it one of the Solanas, Polygons, or Avalanches of the next bull cycle. 

The NFT community looks like it will thrive there, thanks to some decent marketplaces already up and running, with more on the way and plenty of collections launching. At least one of them will achieve DeGods levels of value, and Monkeys can do it.

The project has one of the biggest followings on Twitter, not the highest floor price (which goes to Aptomingoes at around 45 APT), and a critical detail on their roadmap: Monkeys are going to become productive assets.

Numerous benefits lie ahead (Source: Twitter)

Aptos Monkeys plan to launch an NFT loans platform. Solana has a similar project, Frakt, which performed well price-wise.

Holders of Aptos Monkeys that use the service look set to receive rewards. This did wonders for holders of Frakt’s equivalent NFTs, Pawnshop Gnomies.

While Aptos Monkeys’ loan pools are on the roadmap along with other benefits, their future impact is likely not priced in yet. You can pick a Monkey here and wait for the hype around the platform’s features to start building.

Finally, this collection is promoted by Aptos founders on their Twitter pages. Similarly, Solana founders used Solana Monkey Business NFTs, which gave the collection a substantial boost in price. 

I hope the range of ideas in the newsletter has been useful. In our Discord, the team shares more like this every day, making it the best place to get the most time-sensitive info. Join us.

Good luck in the week ahead!

Disclosure: At the time of writing, the author held several NFTs, ETH, and other cryptocurrencies. Read our trading policy to see how SIMETRI protects its members against insider trading.