Discover more from $5.vc
'Link In Bio’ spurred a high-stakes race for link-in-bio tools! Could 'Mint In Bio' be next?!🙌
A dope startup idea branded with the perfect domain name!
WELCOME to the $5.vc newsletter!
* A differentiated way to get dope startup intel!
* Every drop we share a dope startup idea branded with the perfect domain name!🔥
* And if you’re new here, ALL domain names are made available FOR SALE!🙌
ICYMI the last 5 dope ideas we covered:
THIS DROP COVERS:
* ‘Link In Bio’ + NFT Minting = 🔥
THE DOPE STARTUP IDEA & THE PERFECT DOMAIN NAME:
* Breaking down the new market indicators & behavioral consumer trends we're tracking, and solidifying that into a dope startup idea branded with the perfect domain name.
→ ‘Link In Bio’ has become the go-to mechanism for brands & influencers to bring content to their audiences.
→ As a result, ‘Link In Bio’ has become some of the internet's most sought out real estate.
→ This was the impetus for spurring a high-stakes race for link-in-bio tools.
→ ‘Link In Bio’ has fast become a launcher for all flavors of creator tools & platforms.
→ Leverage these current market forces, and select a high-value, consumer facing creator niche that is primed for growth.
→ Lean into the market for blockchain based creator tools, focusing on NFT creation / NFT Minting — and brand it: MintInBio
→ Lock in the domain name: MintInBio.com
THE DOPE INSIGHTS:
* The insights, trends, and cultural inspo behind the idea & branding.
Where does the name MintInBio come from?
MintInBio gets its inspiration from all the link-in-bio tools & platforms that exist today — it’s straightforward, to the point, and easy to remember.
Is now the right time for MintInBio?
We need only look at the market demand for link-in-bio creator tools & platforms, and the recent renewed interest in NFTs and corresponding jump in NFT activity & sales.
The trending market forces on link-in-bio tools & platforms:
It's some of the internet's most important real estate. And there's a land grab going on. — Links in bio work. As creators have embraced more platforms, they're looking for more ways to bring their brand and content together and help connect audiences across those platforms. — That has created a high-stakes, fast-moving race among link-in-bio tools. Some see it as the future of websites, simpler and more cross-platform. Others see it more like the next operating system, a launcher for a creator's many tools and platforms. All see a huge opportunity, and one they don't want to miss. *(reference.)
Platforms like TikTok, YouTube, and Instagram are “no-brainers” for discovery, Monica Austin, Linktree's CMO, told Insider. Creators who have audiences on these social media platforms are utilizing the link-in-bio so people can discover their off-platform communities, such as redirecting followers through a button to a Discord group or newsletter. *(reference.)
There are link-in-bio startups that gives tools for monetization, including Australia-based Linktree, a16z-backed Beacon and CRV and Crossfeed Ventures-backed Snipfeed. Then, there are Patreon competitors like Fanfix for Gen Z creator monetization and a16z-backed Fanhouse — both of which bank on non-NSFW content. *(reference.)
Link-in-bio platform Koji launches new tool to let creators sell e-books
Sequoia-backed Bento wants be more than a link-in-bio tool for creators
Fanfix launches ‘SuperLink,’ a link-in-bio platform aimed at Gen Z creators
Snap is teaming up with Linktree to let users include links in their profiles
And the latest news in NFT activity:
The Top 10 NFT Projects
The floor-based valuation of the top 10 NFT projects is now $3bn, up 71% from a month ago. *(reference.)
NFT Trading Volume Jumped 32%
“The yearlong downward trend in NFT trading has been broken,” DappRadar wrote, noting that NFT trading volume increased 32% from $306 million in September to $405 million last month.
NFT trading volumes across a breadth of blockchains that support the class of tokens are captured in DappRadar’s report. And across all networks, a 50% jump in NFT trading volume on Ethereum—crypto’s second-largest coin—kept it “leading the pack,” DappRadar said.
As the flow of JPEGs grew in October, the floor price—or cheapest listed NFT on a secondary marketplace—for some popular PFP projects increased as well. For example, the floor price of NFTs from the aforementioned Bored Ape Yacht Club rose from $40,000 worth of Ethereum to around $55,000. *(reference.)
CryptoSlam.io Weekly Global NFT Stats
Other than trade profits, everything is up. Global NFT sales crossed the $100m threshold for the first time since mid-August, and wash sales are at nearly a four-month high. This was also the fourth consecutive week of increasing total NFT sales. *(reference.)
And there you have it, MintInBio.com!🙌
Enjoy, and see you next time!
YOUR NEXT SIDE HUSTLE:
* Like dope startup ideas? Let’s collab!🔥 venture@5dollarVC.com
TELL A FRIEND:
* If you liked today’s drop, share this newsletter! Thank you!🤟
DOMAINS FOR SALE:
And hundreds more… LEARN MORE below.
$5.vc is a concierge advisory service of product, marketing, and branding strategists specialized in naming & brand development, go-to-market & product market fit, and growth & retention strategy.
We work with a limited number of clients at a time to ensure the highest quality of work. Please fill out our Advisory Services Typeform, and our team will be in touch as soon as possible.
DOMAINS FOR SALE:
Yes, all domain names are for sale. Any negotiated sale includes the transfer of domain, and may include any agreed upon advisory services from $5.vc. To get in touch, please fill out our Sales Inquiry Typeform.