The Ether series of NFTs is on sale today. Can it be a blockbuster after a year of warm-up?

By wale.swoosh, Researcher Azuki

Compiled by: Felix, PANews

Stakeholders: Authors have whitelist qualifications.

Ether series NFT will be released at 23:00 (Beijing time) today. Was the offering a success or a failure? Azuki researcher wale.swoosh gave his own analysis and opinions. This article will cover different aspects of Ether, each with the author's opinion, and there will be a floor price prediction at the end.

Team

Ether's team is mainly composed of viii and CValley. Viii is an artist who has previously worked with some of the biggest names in the NFT space, including RTFKT and Loopify, among others. CValley is more of a businessman. Before founding Ether, he was known as a successful NFT trader and investor, including a long-term holding of Azuki. The true identities of the two founders are not yet known.

Author's opinion:

Building in Web3 does not require the team to be completely transparent, what matters is the past performance in this field. In the author's opinion, both Vii and CValley are good candidates.

Art

The art style is a bit like Azuki and Valhalla, both anime-style. Still, there is something unique about Ether. According to Viii, there will be a large number of elemental features, probably more than are found in most PFP series.

Author's opinion:

The art style is perfect for PFP, which is very important for community building on Twitter. The question is whether it will be unique enough to stand out from other anime PFP series.

CAST PRICE

The minting price was initially set at 1 ETH. This price is high, especially in the NFT market. Other series that have been hyped in the past (such as Hape, Invisible Friends, etc.) have much lower casting prices.

Artists can of course charge whatever they want for their art, but from a marketing perspective, it might not be the best decision. The team also seems to be aware of this problem, so reduced the minting price to 0.65 ETH.

Author's opinion:

Whatever the reason, a pre-launch price cut usually indicates a weak position in the market. Either because of fan backlash or fears of a low casting. Although 0.65 ETH is cheaper than 1 ETH, the price reduction has to be considered.

CASTING MECHANISM

The team kept only a small portion (1,750) for the whitelist and set aside the majority (8,000) for the public sale.

The white list does not require Grinding (Note: The method of obtaining the "white list" takes a lot of time to complete through the amount of information, chat time, etc.), and there is no application process.

Fans on the whitelist can mint at a low price of 0.35 ETH, and if they lock their positions for 10 weeks, they can choose to mint for free. So basically it will be unlocked and recast. The public sale takes place one week after the whitelist minting ends.

Author's opinion:

Referring to projects that have been successfully launched in the past, the casting mechanism is very effective. However, the one-week price fluctuation between the whitelist minting and the public sale is uncertain, and if the floor price after a week is too close to the public sale price, the casting demand may be low.

Past Performance

In terms of delivery so far, the team has delivered a very high quality product. Website, trailer, all very good. The smart contract developed by @0xCygaar is also top-notch.

in conclusion

Ether is undoubtedly one of the most hyped NFTs this year, comparable to many large-scale launch projects seen in early 2022, the difference lies in different markets. Higher casting prices could be an issue.

The community has a great voice, there are many almost pious fans, and the whitelist competition is very fierce. Ether has been around for over a year, which may be both an advantage and a disadvantage, but in the author's opinion, Ether's move is doing well.

The author's floor price forecast:

About 2 ETH after whitelist minting.

About 1 ETH after the public sale.

What happens after that will depend on what the team does.

What do you think after the whitelist is minted?