In this issue:

• The Time Is Right (by Flower83)

• This Week in Neo Tokyo: $BYTES Is the Most Egalitarian Thing We’ve Ever Seen. It’s Insanely Ambitious, and if It Works, Can Really Reshape the Fabric of Society (by PhoenixxDown)

This is indeed the perfect time to be in crypto. We are living in it right now. 

In terms of BTC, we are at the Price Action Sweet Spot. It is not rallying up, sucking liquidity from everything else, and it is also not violently crashing. It has found its fair value in this range - for now.

This has beautiful consequences that can be seen in many other crypto sectors: high cap alts, mid cap alts, NFTs, RWA’s, and maybe…. slightly even…. memecoins again.

Most importantly, the BTC dominance is falling (or at least staying flat for now).

This is it. This is where we want to be in terms of price action. We are actually in the best possible position to make some actual gains from here.

I mean lets face it; most of us are thirsty degens who want to retire our bloodline this cycle. And this simply cannot be achieved without proper risk tolerance.

Which you are not going to get by playing with the higher caps. Those gains are not gonna come until the lowest and most niche sectors of web3 space start getting serious traction.

Even though I am usually bearish, I think these current conditions are the best we’ve had in a while for us specifically.

We need stuff like what has been happening for a few weeks now to simply continue. We need (relative?) world peace and no war threats, shaking up markets. We need politicians stable, not causing uncertainty with tariffs. We need BTC going sideways, like it has since we broke 110k. (And yes, moving between 110k and 120k is considered sideways even though this would imply some unsustainable volatility in traditional markets.)

Now we simply need those people pouring money into crypto to get somewhat bored with BTC’s sideways price action, to get more and more interested in our bags, meaning mid caps and low caps, memes and NFTs. We need them to reach into our territory.

Besides all that we also have all of the following:

• ETH reaching for ATH’s

• Institutional buying pressure like never seen before

• Crypto mainstream integrations

• Chads coming in, jeets going out

• The main NFT collections surging hard (read last weeks newsletter)

• Projects rushing out their TGE’s and doing more airdrops

We need these opportunities.

In short, the time is right.

Lock in.

Cya next week. May the gains be with you. 🫡

Bah gawd, it’s back! It’s been so long, Citizen ID minting is back and it’s returning with a twist. Every Monday, an auction will take place, running for 48 hours, where the highest bidder (in $BYTES, of course) will acquire a Neo Tokyo S1 ID.

The ID will be random, so there’s a chance you could mint a rare, and the first auction goes live this coming Monday, 4th Aug!

Ktrap has helpfully put together everything you need to know in this thread:

And that Monday is a big one, because we’ve also got the next NT Town Hall, starting just as Market Monday finishes. Make sure you listen in to both to get up to speed on all the latest happenings from inside and outside The Citadel.

Set your Discord reminder for the Town Hall here.

We can’t say too much on this next bit because Rule #3 clearly states that anyone divulging Citadel secrets will be executed. What we can say is this: there have been some solid conversations happening inside the NT VC lately.

These have have included Marketing Talk with Blockchain Meta, and Neo Tokyo Insider sessions with Subcoder.

Want to be an insider too? 

You know the way in. And you can farm the OpenSea airdrop (IF IT EVER APPEARS BY SOME MIRACLE) too as a bonus.

• Neo Tokyo Citizens on OpenSea

• Neo Tokyo Outer Citizens on OpenSea

Luckily for you, Mr. and Mrs. Meatbag, the price has gone down a bit, because despite living in a world of crypto 24/7, mfs still price everything in dollars and the recent ETH pump has lowered NFT floors.

Get in now before people catch on to this breathtaking act of self-immolation.

Lastly, Neo Tokyo will be heading to Germany next month in partnership with the legendary WolvesDAO. Citizens, fill out the interest form here if you wish to attend.

If you’re looking to sponsor the event and get your brand in front of some of the brightest minds in crypto, please DM the NT X account.

This Weeks Neo Tokyo Content

Market Monday #132

NT x Unfungible Space - Today at 12:00 EST

YOM AMA

Short Scoops

Until next next week, citizens.

All content from Neo Tokyo News is for entertainment purposes only, is not financial advice, and does not reflect the opinions of Neo Tokyo.

That’s it for our 109th 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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