Recur Passes, The Idols, Anata, Phlip I NFT Hidden Gems
Review Date: April 22nd, 2022
We scored over 50 new NFT projects this week, and these are the four we think you should know about. Please keep in mind that NFTs are a speculative asset class, but these projects have scored well based on our fundamental analysis process.
Minted Projects
Recur Passes (80%) – Collectible
Website – Twitter – Marketplace
Recur Passes is an NFT startup offering NFT design and development services for businesses and brands. The initial drop of their “Passes” NFT will give holders access to the pre-sale of all future Recur drops. So far the team has partnered with ViacomCBS (owner of MTV, Nickelodeon, Paramount, and more), Hello Kitty, over 50 universities, and 135 collegiate and professional athletes.
Recur’s first branded NFT drop, “NFTU,” is a collection similar to NBA Top Shot featuring current collegiate basketball players and images of professional players from their college days. Pass holders had access to 50% of the NFTU supply during a 24 hour private sale before the collection was released to the public. The public sale sold out in seven minutes. Recur plans to release more collections from their current partners and any brands that wish to collaborate with the company in the future.
Recur investors include Gary Vee, the Winklevoss twins, Ethereum co-founder Joesph Lubin, and Delphi Ventures.
Scorecard (all categories scored out of 10)
| Community | Team | Utility | Innovation | Smart Money Wallets | Smart Money Twitter | Distribution Allocation | Liquidity | Investors | Total Score |
| 6 | 10 | 8 | 7 | X | 8 | X | X | 10 | 80% |
Team:
Recur has a team of over 120 employees on LinkedIn. Co-founder and co-CEO Trevor George is experienced in the branding and licensing industry operating as an executive at Trevco for over 10 years, a business that has partnered with brands such as Disney, Star Wars, and Warner Bros. The team’s CTO and VP of engineering have multiple years of experience at Circle, the digital payment company behind USDC.
Utility:
Recur Passes holders get early access to all future Recur NFT mints. This could include a Star Trek collection, The Godfather collection, Hello Kitty, and more.
Social Media Metrics:
The Recur discord channel has about 27,000 members and their Twitter has nearly 23,000 followers.
Trading Metrics:
| Mint Date | Mint Price | Current Floor Price | Volume Traded |
| 9 December 2021 | $300 | $385 | N/A |
Data as of 15 March 2022
The Idols (72%) – PFP/Utility
Website – Twitter – OpenSea
The Idols is a CC0 project featuring 10,000 idol JPGs. Holders of these idols can earn stETH (staked ETH from LIDO staking provider) from the Idols treasury.
Idols’ ecosystem employs a unique earning mechanism that allows users to earn yield in multiple ways, illustrated in the diagram below. 100% of the mint proceeds were converted to stETH and placed in the treasury. Each day, staking rewards earned stETH are distributed equally among each Idol. Additional stETH is added to the treasury by bonding stETH in exchange for the project’s native $VIRTUE token. Idol’s roadmap includes creating liquidity pools on Uniswap and other DEXs for $VIRTUE as well as transitioning to a DAO.
Scorecard (all categories scored out of 10)
| Community | Team | Utility | Innovation | Smart Money Wallets | Smart Money Twitter | Distribution Allocation | Liquidity | Investors | Total Score |
| 5 | 10 | 10 | 6 | 8 | 5 | 7 | 0 | 72% |
Team:
The team is not doxxed but claims to have over a decade experience combined in the technology and crypto space. Heavenly Waffle, Idol’s Chief Builder, is a former Google Employee. Advisors for the project include DCF God and Gabriel Haines.
Utility:
Owners of the Idol NFT receive stETH rewards simply for holding. stETH is placed in the treasury through bonded selling of the native $VIRTUE token.
Social Media Metrics:
Somnium falls short of its competition in terms of community. Currently, they have nearly 26,000 in their Discord channel and 36,000 followers on Twitter.
Trading Metrics:
| Mint Date | Mint Price | Current Floor Price | Volume Traded |
| 5 March 2022 | .38 ETH | .23 ETH | 351 ETH |
Data as of 16 March 2022
Pre-Mint Projects
Anata – VTuber Avatar
Twitter – Discord
For those who don’t know, a VTuber is a virtual YouTuber who conceals his or her identity using a digital character. Anata’s goal is to create the first NFT VTuber avatars. VTubing is popular among Japanese content creators, hence the project’s anime-style artwork.
The release will feature 2,000 hand-drawn NFTs, 1,000 with masculine traits and 1,000 with feminine traits. Anata’s team has committed to a fair launch with no whitelist using an English auction. This type of auction sets a reserve price that bidders have to blindly (without knowing other bid prices) bid above. At the end of the auction, the 2,000 highest bids will receive NFTs.
Team:
The team is not doxxed, but they do have a few big players in the NFT and crypto space including DCF God (advisors for The Idols NFT project) and Big D Senpai.
Utility:
Owners will have access to 2D VTuber avatars that accurately track the movements of the user. Through the Hologram browser extension, streamers will be able to apply one of their other NFTs as a background image and change the pitch of their voice for increased anonymity among other useful features. VTuber will have preset emotes based on common anime and crypto qualities.
Social Media Metrics:
The project has about 15,000 followers on Twitter and 5,000 members in its Discord.
| Projected Mint Date | Projected Mint Price | Items in Collection | Whitelist Open? |
| TBA | TBA | 2,000 | No WL |
*Total supply will not be on sale March 15
PHLIP – Gaming
Website – Twitter – Discord
PHLIP is a P2E game based on the style of card game popularized by Apple to Apples (if you’re not familiar with A2A, here is a primer). Their NFT collection will consist of 10,000 white (equivalent to red in A2A) cards and 1,250 pink (green cards in A2A) cards. In the future members of the PHLIP DAO will vote on new cards to be added and creators will earn rewards as the new card’s original owner.
These are the cards that are used in-game. Each time a pink card is used in a game the current NFT holder earns 3% of winnings and 1% goes to the original minter of the NFT. When a white card wins a hand, the same scenario plays out between current holder and minter. This will increase the value of white cards that win hands more frequently. The base game will be free to play with other levels being playable at a cost. The team has yet to share an official mint date, but recently revealed that it would be Q2 of this year. PHLIP is incubated by Accel DeFi.
Team:
Incubated by the team at Accel DeFi. They have a 23-person team with ranging experience. Note of caution: this will likely not be the only project the team at Accel DeFi takes on. We don’t know if the full team will be committed to PHLIP in the future.
Utility:
Holders of the PHLIP NFT own the game. White cards are rewarded when used to win a hand and pink cards earn rewards each time they are played in a hand. Tokens held by a card are transferred to the new owner when sold, thus creating a floor price for the NFT.
Social Media Metrics:
PHLIP is lacking in community, but is still a new project. After launching their Discord on March 12, they have just under 660 members. The PHLIP Twitter page has 12,700 followers.
