NFT Spotlight: Fly Frogs
Analyzing Trends and Growth Potential
The inhabitants of the pond are here to make the internet fun again. Simplicity and joy seems to be the leading values for the Fly Frogs. The project has been growing its creative output in an organic way over the last few months, and at this point the origins of the content that comes out can best be described as an always-on collaboration between the founder team and the community. A great NFT showcase for the inclusivity of web3, and how the relationship between the community and the founders can be shaped.
We did a deep dive in the history of the Fly Frogs a while back:
Top 5 Reasons We Are Bullish on the Fly Frogs:
The Leadership Team
Community First Approach
Price is Up 135% & Volume Up 963% Last 30 Days
Price Point is Attractive
Collaborations and New Market Places
Key Data Points
Floor Price: 0.034
Market Cap: $850,000
Total Revenue: $940,000
Unique Owners: 4000
Twitter Followers: 5500
Price trend 30 days: +134%
Volume trend 30 days: +963%
Team & Community
Josh and Molly are a perfect founder team for this kind of project. Josh is a toy designer, Molly is a web engineer. Together they have shown the world how two people can start a viable business and form a community in web3 using their talents and energy. Their domain expertise in the digital world and the creative world is a brilliant fit for a fun consumer web3 brand.
The team has recently released a function where you can breed Tadpoles if you have two Fly Frogs. They did something pretty groundbreaking here, true to their community first approach, and made sure that most transactions can happen on Polygon to reduce gas prices significantly for the users. The Tadpole is still printed on the Ethereum blockchain but at a very low price for the whole process.
There has been a series of higher sales for rare Frogs lately, where several rare frogs have gone as high as 5 ETH, which is very impressive and indicates that something might be brewing. Check out these sales here.
Growth and Monetization Opportunities
Coinbase released a video just yesterday on their coming marketplace. It looks very promising and there are already millions of users signed up to the Coinbase NFT marketplace waitlist. The Fly Frogs are well positioned to become a huge hit when the market grows. Great art, accessible brand and discord where everyone feels welcome, tons of activations already happening, and of course their superpower: It’s FUN!
Studio TBD is already working on monetizing the Frogs in our collection through design products to be sold in our concept stores, and we know that the founder team are working on creating their own road towards monetization as well.
Full disclosure: Studio TBD has an initial position in Fly Frogs and will look to increase it when our initial NFT membership token sale is 25% sold out.
Not Financial Advice, Do Your Own Research.