In this issue:

• Opportunities Abound in Neo Tokyo (by PhoenixxDown)

• NFT Market Update (by Flower83)

• NT Builds (by BadFuture)

In this update, there is a heavy theme of shining a spotlight on the remarkable partnerships forged beyond The Citadel - even during the stillness of the bear market. Despite uncertainties beyond our control, as always, our citizens stand tall, showcasing the true strength of collaboration that leads The Citadel towards a brighter future.

• If you missed it, we held an engaging AMA with Boxxed, where you can catch up on the fascinating details about their platform and what this partnership means for The Citadel.

• The deal makers in Citadel Tower have been working overtime, because yet another partnership was announced with Tom Bilyeu's Project Kyzen. 

• PK is a 3D NFT avatar creation portal and experiential game world, and to celebrate this union of worlds, Bilyeu hosted a Twitter Space session with our game makers, Becker and Ellio, discussing the future of gaming and our massive collaboration. To get the details of the partnership, check out this Discord announcement.
  

• Citadel stalwarts, Ben Gothard and Chr0nicle, welcomed the CyberKongz faithful through our gates for a discussion about building in the bear and the upcoming Kongz release, Genkai. Meanwhile, we at NT News have been hosting our NFT Market Monday Spaces every Monday. As always, you know where to find us tomorrow doing it all over again.
  

• It’s not all been smooth sailing and forging strong relationships though. There are many out there who want to burn our city down and take away everything we hold dear.
  Our founder, Ellio, was the victim of Twitter hack earlier this week, as was the SuperVerse account. This is a timely reminder that no one at Neo Tokyo will ever launch a surprise mint, thus if you see one, it is 100% a scam and you will have your wallet drained. No exceptions.
  
  However, even if that isn’t enough of a warning, there are a couple of citizens who have your degenerate ass covered….

• Chief protectooors of Neo Tokyo, Danor and Metro of Mint Defense, successfully raised $200K with CitCap. For around a year now, Mint Defense has saved countless citizens from falling foul to the dirty tricks these Godless scammers try to play on us.
  
  As a result, the pair have gained a legion of backers who voted with their wallets this past week. Not only that, but Becker gave MD their dues this weekend saying “MD is an example of something we can all be proud of.”
  

  Congrats to MD, but this also stands as a monumental win for Neo Tokyo. This exclusive opportunity was available only within our realm.

• CitCap announced the hiring of a new CMO this week…The Citadel’s own Ben Gothard. It appears this hire may be signaling a new, exciting phase of activity from Neo Tokyo’s investment arm…

Lastly, we have our next Town Hall coming up on July 31st. There will be some major announcements, such as a reorganization of the Community Leads Team, and the introduction of a new application process to get high-value members into NT Leadership. Mark that date in your digital diaries.

Grand Rising, citizens. If you haven't completely given up on the dull action in the NFT markets yet, this section is for you. If you have, I don't blame you; the situation is less than favorable indeed.

Today’s hot topics:

1. Price Action Analysis

2. Genkai Mint

3. OpenSea Copies SwapStreet

Price Action Analysis

After the brutal dump we had in mid-July, it looks like the prices in the NFT space have now stabilized.

This is now the second consecutive week of relatively low volatility - at least for the top collections. This allows people to reassess the situation and decide if they want to re-allocate some of their bags.

Such is the case with Azuki, the ecosystem which has been facing the most FUD currently. They just can't catch a break after the team messed up the Elementals mint. Thus, everything in their ecosystem is seeing double-digit losses. That money is likely flowing into other collections such as Checks, Opepen and Pudgy Penguins.

Sproto Gremlins, after pumping 200% last week, are now entering into a period of retracement, down to around 0.45 ETH from their all-time-highs of 0.73 ETH.

The overall volume is still quite dry, hovering around 20k ETH on blur with everyone else trailing behind, Additionally, there have not been any notable sales above 100 ETH this week.

CyberKongz’ Upcoming Mint

Last week, Luca Netz from Pudgy Penguins pointed out that now is a terrible time to launch mints. Still, some insist on doing so, even though the market conditions prevent guaranteed success. One of the bigger examples of this is the Genkai mint. Neo Tokyo was selected for whitelist spots and you can listen to a collab Twitter Space between our communities.

A lot has been said about the mint on Twitter and the general opinion is polarized on it. Some think that the mint price of 0.25 ETH is too much, but on the other hand, both the Genesis and the VX Kongz collection floors are way above that. In this sense, 0.25 represents a really cheap entry into their ecosystem.

However, if this does not mint out in full, it will likely be perceived negatively by the NFT space and hinder their success momentarily.

OpenSea’s Deals

In last week’s NFTuesday, we talked about OpenSea's cryptic announcement indicating that there will be something good coming. People wanted a token and told them as such in the replies!

Alas, it wasn't a token. Instead, they decided to add some more functionality to their platform. They introduced “Deals,” where you can swap NFTs if both parties agree to it.

For us in Neo Tokyo, this isn’t anything ground-breaking since we have a citizen-built platform called SwapStreet that has been doing this since forever.

This is all I have for you this week, see you in the next one.

Love,

Flower83

Greetings and welcome to #NT Builds, where we showcase some of the remarkable accomplishments of the Neo Tokyo Citizen project founders and the exciting initiatives emerging from The Citadel.

Ask Angie

Discover Ask Angie, the innovative Neo Tokyo chatbot designed to answer citizens' queries about the metaverse. Trained on the Neo Tokyo Citizen Wiki, Angie is in version 1, with daily improvements. Users are encouraged to provide feedback for enhancements. Original resources are accessible at https://neotokyowiki.com/. Fauve invites appreciation for the Citadel's writing team. Visit Ask Angie at https://ask.neotokyowiki.com/ and follow Fauve on Twitter at https://twitter.com/VRfauve.

The Kingdom

TheMadKing proudly introduces The Kingdom, a 15-citizen project aiming to become the ultimate portal for the next generation of gaming. The platform focuses on the integration of traditional gaming and blockchain technology, offering an interoperable social RPG with a dynamic world and gamified reputation system. Features include an Avatar Creator, player-driven narrative shaping, interactive quests, game-optimization analytics, and earn-and-trade rewards. The Kingdom aims to set new standards for NFTs in gaming and emphasizes the importance of player contributions over financial status.

Seven Oceans Group

FuzzyWizdum, during the Seven Oceans Group AMA with NT, announced the launch of their first pilot episode of "No Nonsense Nightly," a satirical news show that combines web2 and web3. They invite viewers to watch, follow, and provide feedback, with @neosoir open to citizen responses. The show aims to introduce newcomers to web3 through easily digestible content and foster communities like Neo Tokyo. Regular episodes and more exciting content are planned. Watch the pilot episode here…

MHL Solutions

MHL Solutions recently announced several strategic partnerships and updates. They partnered with @GIZMO at GizmoLab, a Web3 development agency, and Digital Generation Club, an exclusive private club on Ethereum. DGC NFT holders can now avail a 15% discount on MHL's in-house services. Additionally, they teamed up with ShuttleBay, a SaaS platform rewarding Web3 communities. The company also unveiled a captivating overview video by @LeBoomington and shared their latest Project and Tokenomics Analysis on Arkham Intelligence.

Mustardseed Realms

Mustardseed Realms revealed its July updates, announcing that Book 1 will officially launch on November 15, 2023. The company plans to gradually share details, including the title and cover. Book 2 is currently with beta readers, and Book 3 is already written. The Mustardseed Realms YouTube channel is now active with its first podcast interview. Additionally, they are finalizing plans for their first NFT collection, connecting digital products like books and video games. More details about their grand plan will be unveiled later.

BytesToBytes

NeoToad provided a Quick BytesToBytes Update, introducing a yield breakdown feature for S1 citizens accessible via any wallet address. They also shared quick links to OpenSea and the official Neo Tokyo app. A sample wallet, Thrashers, was showcased: https://www.bytestobytes.com/. More exciting updates are expected, with S2 citizen support next in line.

All content from Neo Tokyo News is for entertainment purposes only, and not financial advice.

That’s it for our 6th edition of the Neo Tokyo Newsletter. Be sure to subscribe and share with your friends so you don’t miss out on future content.

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