Issue 26 🍵 An unparalleled pack sale

Here's how the upcoming TCG game delighted its customers.

Disclaimer: This newsletter is not financial advice. We did buy into the Parallel sale. We buy what we like, and you should buy what you like.

We had 2 options to dig into for this week: the massive CryptoPunks sale or the Parallel card sale. We chose Parallel.

Parallel is a NFT trading card game, set in a post-apocalyptic Earth where humans mutated and resorted to inhabiting other planets in space. The game isn’t live yet, but they held a sale for some packs of cards this August 1st.

The drop was highly anticipated on Twitter, and highly anticipated drops usually end in a gas war—essentially, paying a fortune in transaction fees to skip ahead of everyone else in the processing line. It always favors people with money to spare, and it’s never a fun experience.

So we started paying attention when there were hints that the team wanted to do things differently, to ensure distribution of supply.

And they actually delivered on it. The final drop came down to a reservation system—you just pick how many of each pack you wanted on the site during the launch time. The packs were reserved for 24 hours, which is a very generous payment window.

The packs were reserved very quickly, but all in all, it was thoughtfully done and leagues better than a gas war. Both of us here at Cup were up from 5AM to 6AM for the drop, and it would have been frustrating to have woken up that early to walk away empty-handed.

We’re not the only ones who thought it was very thoughtful too. The attention to detail in creating a good experience was a boost in confidence in the project, and the secondary sales definitely reflect that.

And honestly, we can’t believe it took this long for people to try and make a better experience for drops. Aavegotchi, the Tamagotchi-inspired game, is probably the only other one experimenting so much with better NFT distribution mechanics.

We want to see some more consideration in designing NFT distributions. At some point, we really hope it becomes so normal that it’s not something we consider worth reporting on anymore!

Crypto and NFTs reach such a global audience by default, and finding ways to play to that strength is something people always forget to do.

Other news

🌱 Eight-eight CryptoPunks were swept in the span of a block. Crypto fund Three Arrows Capital bought NFTs. Artblocks floors are flying. We normally try to refrain from price as news, but price is literally the news this week. It’s “NFT summer.

🌱 Louis Vuitton just released a game to celebrate their 200th Anniversary. The game features NFTs designed by the famous Beeple, who’s already collaborated with the brand before. The game is free, and is already on the Apple App Store and Google Play Store.

🌱 Correction: we mentioned Shopify supporting NFTs last week, but they actually partnered with the Chicago Bulls for some commemorative NFTs. The Sacremento Kings ticket NFTs were completely different!

Reading list

  • The New Yorker published an explainer on the Bored Apes Yacht Club.

  • The controversy around renting Punks was very polarizing, and it generated some good discussions. Would highly recommend spending some time to sift through the replies and quote tweets around Linda’s tweet (below).

Twitter avatar for @ljxieLinda Xie @ljxie
More people are going to start renting CryptoPunks to display as their profile pic for social signaling. Found out exists where owners can sign a transaction giving the borrower rights to display the CryptoPunk as their avatar for a fixed number of days Image

Creative corner

Mixing watercolor art styles with motion graphics, here is Thailand-based artist, Mu-am!

Even though their artworks are done digitally, they also do actual watercolor paintings. We can’t get enough of how cute and dream-like their creations are.

Twitter avatar for @mu_am_♡. \(╯-╰) 𝕸𝖚.𝖆𝖒 @mu_am_
Suffering of Artist🎨😌 Now available on @withFND Check it out… @nft_asia #NFTCommunity #NFTartist #nftart #NFT #nftartists #nftcollector #nftartists #Cryptoart #ETHEREUM #NFTCommunity #nftcollectors #NFTartwork #NFTcollectibles #foundationapp #NFTdrops Image

Check out more of Mu-am’s works on Foundation and OpenSea, and follow them on Facebook, Twitter, and Instagram!

Try this: NFT Price Floor

As the name suggests, NFT Price Floor is a website simply tracking the price floor for different NFTs.

It tracks some notable NFTs, like Punks and Bored Apes and some Artblocks projects.

Having some historical data and charts on how these floors change over time though, though, would be epic. If that’s something you’re looking for, and if you know your way around contract addresses, you can fiddle with this Dune Analytics data dashboard.

On the state of Cup: we’ll probably keep the newsletter going until Issue 30, and then assess from there if it’s something we (Elle and Gian) want to keep doing. So yeah, Cup is gonna live for a few more Wednesdays.

🍵 You can always reach us on Twitter. Otherwise, see you again next Wednesday!