Dear HackerNoon Nation, The goblintown.wtf project last spring. surged onto the scene When it arrived, it ushered in a bona fide “Ugliness” meta for a time, during which aesthetically and intentionally ugly NFTs were all the rage and trading like hot commodities. Lately, though, the NFT space’s meta pendulum has swung decidedly back in the direction, with more than a few collections considered to be in the “Cute NFT” category having experienced considerable buy pressure over the past few months. other Interesting right? Let’s analyze what’s up with this cuteness boom for today’s post! -WMP Cute NFTs are so hot right now 🔥 Since October 2022, a potent buying wave has swept across many projects that PFP NFT aficionados consider to be . cute Cuteness is subjective, to be sure. Yet the projects in question do share a few fundamental qualities, like generally adorable artistry, bright color schemes, lighthearted names, and cheery communities. So what exactly should you be watching right now? If you search around the phrase “Cute NFT” on social media, e.g. Twitter, you can see how references to a cuteness meta really began to surge in Dec. 2022, a period during which the Pudgy Penguins collection notably experienced a historic trading frenzy, and its floor price reached over 7Ξ for the first time ever. https://twitter.com/OriginProtocol/status/1608183557507223557?s=20&t=xn6SmoXh9eHMqPoyHakW7Q&embedable=true However, while there’s no question the recent success of Pudgy Penguins has driven gusts of attention to other similarly cute projects, this success is just part of the ongoing boom. The truth is there is no reason behind the recent uptrend of the cuteness meta since all the collections involved have different and unique things going for themselves right now. In other words, multiple cute projects’ respective strides have coincided with each other lately, leading to this PFP niche gaining momentum. singular As for projects should be actually considered part of and tracked within this niche? That’s where things get interesting subjectively since there’s no definitive answer. No authoritative “Cute NFT Index” exists right now, as we’ve only just come across the need for one. That said, though, what could such an index look like? which For example, Nansen’s got indexes like the and the , and recently I’ve seen a lot of analysts sharing charts of the cute NFT projects they’re personally tracking. In combining these two inspirations, I think a compelling “ ” of relevant collections worth tracking, at least as things stand, should feature the following projects: ART20 GAME50 CUTE15 — | Floor: 0.16Ξ | 90D floor action: 📉 -27% Cool Pets OpenSea — | Floor: 2.95Ξ | 90D floor action: 📉 -23% Cool Cats OpenSea — | Floor: 7.42Ξ | 90D floor action: 📉 -19% Doodles OpenSea — | Floor: 1.3Ξ | 90D floor action: 📈 +3% Dooplicators OpenSea — | Floor: 0.123Ξ | 90D floor action: 📈 +4% Coolman’s Universe OpenSea — | Floor: 0.15Ξ | 90D floor action: 📈 +28% Tubby Cats OpenSea — | Floor: 1.98Ξ | 90D floor action: 📈 +69% BEANZ OpenSea — | Floor: 0.35Ξ | 90D floor action: 📈 +107% Finiliar OpenSea — | Floor: 1.65Ξ | 90D floor action: 📈 +119% Sappy Seals OpenSea — | Floor: 7.1Ξ | 90D floor action: 📈 +138% Pudgy Penguins OpenSea — | Floor: 0.09Ξ | 90D floor action: 📈 +157% Froyo Kittens OpenSea — | Floor: 0.33Ξ | 90D floor action: 📈 +263% Froggy Friends OpenSea — | Floor: 0.3Ξ | 90D floor action: 📈 +264% Chubbiverse Frens OpenSea — | Floor: 1.77Ξ | 90D floor action: 📈 +285% Kanpai Pandas OpenSea — | Floor: 0.79Ξ | 90D floor action: 📈 +313% Lil Pudgys OpenSea Again, these picks are just my subjective takes on what the top 15 projects are in the cuteness meta . Whether you’re looking at market cap or trading volume, these collections are all currently in the top 300 NFT projects, so tracking them can give you broad insight into how this cute category of PFPs is faring. right now Zooming in some, the biggest cute-cap gainers over the past three months have been , all of which have seen their floor prices climb by more than 260% in that span. Lil Pudgys, Kainpai Pandas, Chubbiverse Friends, and Froggy Friends Lil Pudgys, the companion collection to Pudgy Penguins, naturally has more runway to grow than its parent project and has been exploding with interest upon the Penguin ecosystem’s recent “what bear market?” advances. https://twitter.com/nftwhalealert/status/1611072623806681088?s=20&t=3xpXwFfAhFxTbuePsr_wrQ&embedable=true For its part, Kanpai Pandas, the most successful omnichain NFT project to date, has rallied a passionate community from across 8 different blockchain deployments since Spring 2022 thanks to its capable and charismatic team. With the recent uptrend in cuteness, then, it’s no surprise this collection’s gotten wind in its sails. As for other big 90D climbers, Chubbiverse Friends (+264%) and Froggy Friends (+263%) have also seen their floors ramp up, yet not too far behind these collections have been other cuteness heavy hitters like Froyo Kittens (+157%), Pudgy Penguins (+138%), Sappy Seals (+119%), and Finiliar (+107%). Of course, “Cute NFTs” and the idea of a CUTE15 index might sound silly at first, but again, make no mistake that the action here is indeed very real right now. For example, these are the 90D volume stats for the proposed CUTE15 collections: These stats are up and to the right for these projects right now. So as chatter continues to pick up about crypto potentially turning bullish again, just keep in mind that to a certain extent, Cute NFTs are currently near the tip of the spear, so to speak! https://twitter.com/rektmando/status/1610970999557595137?s=20&t=cumcsVo6yerCbAkjOUyBaw&embedable=true Update 1/5/2023: The CUTE20? I posted about my CUTE15 proposal and got a lot of great feedback there about projects that would also be fits for the list. Going off that feedback, I think you could definitely expand to a “CUTE20” grouping by tracking five additional collections that are relevant to the category: , , , , and . I’m putting this expansion possibility on your radar too for good measure 📡 on Twitter Axolittles Chubbicorns Cozy Penguins CryptoMories Cupcats Author Bio is a professional writer and creator of —a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond! William M. Peaster Metaversal

Visit Us

Bankless Merch

Newsletter

Too Long; Didn't Read

Developers: Build Less. Deliver More. [Learn how]	

The Revenge of Cute NFTs 😊

Too Long; Didn't Read

Bankless - Metaversal

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

The Revenge of Cute NFTs 😊

Too Long; Didn't Read

Bankless - Metaversal

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES