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Fewoworld
Inactive
Progress mission: 0 of 2
Updated:
Inactive
Rewards
Reward Results
-$371 -$579
Details
Minimal cost
~$415
Time required
5 min.
Category
Raffle
Rating
7/10
Risk
High
Deadline
2023-09-29
This opportunity ended with a loss if you participated in the public sale. As a reminder, public sale price was 0.4 ETH.
Right after the Private sale, NFTs were available to buy and sell on NFT marketplaces. The price was around 0.15 ETH, which was a big indicator of not buying the public sale at a higher price.If we look at the prices since the launch (Sept 29) and the reveal (Oct. 2), you’re in between -$371 and -$579 loss.
How to avoid loss during minting
The only fact that could have saved users from a loss was that during mint, buyers could watch secondary market prices in real time. This means that if users were watching the secondary market from the beginning and saw a negative trend and a potentially losing trade afterwards, users would not mint that NFT.
Therefore the loss in this opportunity could be avoided by following our guide. Always keep in mind the possible viewing of trades in the secondary market, this is not always relevant, but in this project, it has helped many experienced users not to get a loss.
Pros
Experienced and well known team: The team is well known in web3 and very competent. Moreover, they have been running the project since several months now (Paint collection dropped in October 22')
An art and fashion project: The project aims at developing a community around art and fashion, and already organized drops and events related to that.
Cons
High supply: 20,000 NFT supply is quite high and might dilute the value of the NFTs.
Price TBA, but high from history: Price is yet to be announced, but from previous collections might be above 0,1 ETH, which is pretty high considering the current market.
NFT market is struggling: While volume is low and top collections floor price is plummeting, it can be risky to enter NFT opportunities during the summer months of 2023.
How to participate?
FewoWorld NFT ecosystem is launching it’s third NFT collection, a PFP collection to complete it’s vision. Holders will get access to fashion shows and potential drops in the future.
While most of the mint will be offered to holders of previous mints, a public sale will occur as well.
Floor price of the former collection is below the mint price, but went higher after the mint:
- 1 Paint - $500/$1,000 mint price, with an ATH of $2,000
- 2 Canvas - free for Paint Party attendees, with an ATH of $1,400
- 3 RTFKT - $1500 mint price, with an ATH of $3,900
- 4 Complexcon - free for first 420 visitors, with an ATH of $2000
Because the team behind the project is quite famous (Fewocious, Farokh, Richerd) the project might result in some degree of FOMO. Moreover, the perks for holders seem interesting for people that are into art and fashion. The above factors cause the opportunity to be desirable.
It is important to keep in mind that while previous collections offered a nice financial return for buyers, participants should be aware of the fact that past results don’t guarantee future performance.