Ledger dropping NFTs AND a Marketplace

secure your NFTs

Author

Decentra Daily
July 21, 2022

Here at Decentra Daily we value our security, so sometimes we lock our doors at night, but we always use our hardware wallets when buying and selling NFTs.

Estimated read time: 4 minutes

Table of contents: 

  • Ledger NFTs and marketplace launch

  • Flippers Corner - High ROI wallets

  • Meme of the day

Today we’re going to talk about Ledger, the most prominent crypto hardware wallet provider.

Ledger has announced that they are launching their own NFTs, as well as a marketplace.

Ledger NFTs

Ledger is dropping its Genesis Pass drop on the Ledger marketplace. This will be Ledger’s first NFT drop.

Are we interested? Yes, we are.

It’s not often that one of the most reputable brands in the space does an NFT drop, and provides legitimate value almost immediately.

The NFT drop is expected to be at 9 am PST on July 25th. With their marketplace going live soon after.

The mint price is 0.3 ETH, approx. $470 USD currently, maybe ETH will dump and we’ll get it cheaper!

To be eligible for mint Ledger had an allowlist process that ended on July 19th….don’t worry, we missed it too.

So we’ll be keeping an eye on secondary. This drop has flown under the radar, so we wouldn’t be surprised if prices dipped close to or below mint price.

Here’s what you’ll get with the Ledger Genesis Pass NFT:

  • A limited edition black-on-black Nano X

  • Get preferred access to [ L ] Market collaborations

  • Privileged access to new Ledger hardware

  • Airdrops of art NFTs from Ledger's Artist In Residence program

  • And more to come...

A regular Nano X Ledger goes for around $150 USD, and we could see the benefits justifying the mint price one day soon.

Redemption for the special edition Ledger will occur in the fall.

The recent Twitter hack of an influencer like Zeneca caused people to lose NFTs/crypto. Making it even more apparent that you need to equip yourself with the correct safety measures in this space.

So get yourself and damn hardware wallet!

Our top picks are Ledger and Trezor.

What we know about the Ledger Marketplace

Ledger’s marketplace is aiming to prioritize security and transparency. They want to make signing transaction more clear.

According to Ledger’s CEO Pascal Gauthier, the process of clear-signing has been lost “in the wave of Web3 innovation.”

We strongly agree. Half the time we use OpenSea or Metamask, we get a long string of confusing text or numbers….are you minting a project? Or about to lose your entire crypto net worth?

Ledger has launch partners, with RTFKT, Tag Heuer, Brick, and Deadfellaz on board.

We saw Coinbase have launch partners for their NFT marketplace. That was a flop. Let's hope these partners provide value to Ledger.

The marketplace will have monthly curated drops (similar to Nifty Gateway), as well as custom Ledger collabs and product drops.

We are unsure of how many collections will be approved to be on Ledger's marketplace, and what the process of getting approved is. What we do know is Ledger has security in mind.

While OpenSea is definitely convenient, it is far from safe. Many exploits have occurred and continue to occur on OpenSea.

Ledger is going to be more methodical in their approach and will ensure that its security standards are not sacrificed for convenience. They instead aim to be a secure AND convenient marketplace. Bye, Bye shitty NFT collections (we hope).

Additionally, Ledger is introducing Ledger Enterprise Create. A platform that will allow brands and institutions to “create and own their smart contracts, mint and distribute tokens & NFTs and manage digital assets treasury, all from a single platform built on the most advanced governance and security standards.”

You will be able to access the marketplace through the Ledger Live app. And believe that initially there will only be ETH-based NFTs available.

We are intrigued to see how this NFT marketplace performs, with marketplace competition ramping up. Here are some other Ethereum NFT marketplaces:

Flippers Corner

We've been tracking high ROI wallets, here’s what they have been purchasing recently. We do not recommend buying these projects, DYOR, as you could likely be someone’s exit liquidity.

Here's what they're buying today:

They are being extremely mysterious so far (temporaryname.xyz, @NamesTemporary on twitter), and only saying that something’s coming. From what I can tell it’s an abstract art project inspired by MC Escher, the perception-bending artist from times past. But it’s been getting snapped up all morning by some people in the know. 409 Sales in 24 hours, 0.097 ETH Floor Price.

This might be one of the coolest new projects I’ve seen all year. The NFT is a plot of land in a grid layout, similar to old Nintendo side scrollers. It’s a build-your-own-video game that you do via the Etherjump site, and then the NFT becomes your very own game you made. Playable in OpenSea by clicking on the image. They brought more heat on launch than most projects promise in a 2-year roadmap. 5,426 sold over the past 24 hours.

Meme of the day

We try not to laugh at other people's misfortune, but when it is completely self-inflicted, and you’re a multi-millionaire (if you sell), then we’ll have some fun.

Enter Franklin, the man with more Bored Apes than fingers and toes. He tried to get cute with an ENS name, and self bid….which didn’t turn out so well and cost him 98 ETH.

Hopefully, a lesson has been learned here. Don't bid on your own NFTs. Especially 100 ETH.

Headlines of the day

Disclaimer: Nothing in this article/newsletter should be considered financial advice. The purpose is to inform readers of the current trends and news in the web3 space. We encourage every reader to do their own research and not act upon information put forth by Decentra Daily.