Mingwoo Capital

Mingwoo Capital

Crypto research for friends by friends

23 Sep 2021

Tezos NFTs: An Opinionated Guide

This week we spent some time diving into the Tezos NFT ecosystem - these are our notes.

Getting Started

Basically everything just works!

You can obtain XTZ on all major exchanges except FTX.

Collections

Some of our favorite collections are listed below (caveat: after a few days of looking). We’ve included most of the major (high price) collections, but left out some that we subjectively just don’t enjoy (Tezos Pirates).

Emergents TCG

We originally got interested in Tezos NFTs because of InterPop’s Emergents TCG, an upcoming dueling card game designed by several MtG hall-of-famers, and in our opinion the most promising blockchain game so far (from a gameplay point of view). There are currently six promo cards available as well as a selection of concept art and such.

Iconic Tezos NFTs

Tezzards are the most popular pfp in the Tezos part of CT. They grow on you 😇. There’s also also Tezonthropophagy, which make for a nice banner to go with a Tezzard.

PRJKTNEON is an amazing collection of cyberpunk avatars which are highly sought-after. We check objkt.com for new auctions every morning 😉. Owners also get lore pages airdropped on occasion.

Punks

Tezos has many punk knock-offs, several of which we quite like:

Collection NFT
TezPunks
Parallel Punks
Underworld Punks
Punkz

Punklikes

Collection NFT
CryptoLLamas
Tezos Dogs
Paper Bag Head

Apes

Likewise, there are a few ape collections on Tezos. We particularly ❤️ the LegoApes!

Collection NFT
LegoApes
Kongz
Tezos Ape Club

GIFs

Tezos has a ton of super-cute pixel animal GIFs!

Collection NFT
Bunny Knights
Catezos
Pinguix
Ghostix
Foxy
Panda
Skeletons
Potatoes

Pixel Art

Collection NFT
CryptoBugs
CryptoPygz
TezHens

Anime

Collection NFT
Ch=mpathy
Pandionic
Onimata

Acquisition Strategy

We’ve developed a two-stage approach to NFT acquisition:

  1. Once you’ve identified a promising collection, sweep the floor, i.e. buy everything around the lowest available price (this really wants to be automated).
  2. Inspect the higher-priced items visually. Look inside yourself. If you see one that sparks joy, buy.

Most NFTs have no trading history so it’s basically impossible to know what to offer when there is no price (overall price range is currently 1-10k XTZ fwiw). Auctions seem to run for around 24h usually, so just going through the list of currently running auctions once a day kinda works.

Feature Requests

We would love to see all of the following implemented on objkt.com:

  • Auctions: finding and monitoring ongoing auctions is somewhat tedious. Notifications would be awesome.
  • Discovery: Objkt.com currently represents NFT marketplaces like H=N as a single top-level collection, which makes it annoying to find individual collections which originated on that site.
  • Statistics: summary stats for recent trading activity would be great to have (number of trades, floor price over time, etc.)
  • Batch operations: managing many offers is a very time consuming process - would be great to be able to batch operations to reduce time spent waiting for block confirmation.
  • Gallery: we would love to be able to arrange our collection in different ways for viewing.

Comments appreciated on Twitter or Reddit.

Tags