Shell We Begin?

Blubber Notes #114

Dear Future Whales,

In today’s update, I highlight some recent winning NFT projects to keep an eye on, along with news about projects delving into RWAs. Lastly, there's a must-listen podcast featuring insights on Web3 from a legal expert's perspective. Let’s dive in.

DALL-E 3

Summary:

• Portals is Breaking Out!

• I Was Right About Cambria

• Recommended Podcast: Navigating the Legal Landscape in Blockchain

Keep an eye on Portals NFTs

I’ve previously highlighted Portals, the leading browser-based world-building metaverse. Dive into the experience by exploring Loot Park here. Exciting developments are currently unfolding for the project.

Here is what you need to know:

Staking is live.

• That part isn’t new, but they have since doubled the points earned for the original stakers, which will tie into their upcoming Token generation event. If you buy Portals NFTs, stake right away and start accumulating.

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Serious Changes to the PFP

• The Portals Membership cards are being transformed into unique PFPs in collaboration with artist @SCUMSOL. Help with generating resources is on its way!

  

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Major Sales:

• This past week, a Vision, their top-tier rarity, sold for around $40,000. I can’t recall the last time I saw something like this—it’s clear we have a believer. By the way, 300 SOL looks like a steal compared to current market prices.

• During the same period, the floor price for the least rare Membership card surged from around 7 SOL to over 12 SOL.

I was right about Cambria

• Cambria is a fantasy, RPG that I wrote about week’s ago following a successful playtest. Just yesterday, their free mint was a wild success for the lucky few who got one. 1,500 NFTs that now have a floor price of over 0.3 ETH as of writing this.

What does this mean for us?

• From what I can tell, it’s the first time in a while that a free mint NFT has surged like this. In fact, the mint process felt reminiscent of peak 2021— a bit clunky, and I was tempted to increase my gas fees to improve my chances. I should have, as I still missed out. The good news, though, is that we're seeing positive price action again, and I’m hopeful this momentum bodes well for other current and upcoming collections.

• Here’s what else I’m excited about:

  • RWAs are gaining traction from traditional PFP collections.

    • Pudgy Penguins now have their own Collectible Card Game (CCG).

    • Doodles have introduced Rubik’s cubes, some featuring real diamonds.

    • It's too late to mint, but Delorean Labs offered a free NFT mint. This is definitely a project worth following as the Web2 brand explores its entry into Web3.

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Recommended Podcast:

If you’re building in the space, then I highly recommend listening to “Navigating the Legal Landscape of Blockchain and Emerging Tech”.

• This podcast provides valuable insights into the legal challenges to watch for when launching a token or a web3 project. If you're short on time, skip to minute 12:50 to hear key advice for builders.

spotify

Authored by Matt Bartlett, CAIA. Follow Matt on x.com @MattBartlettVE

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