So I’ll start by saying, this is a personal blog, and I’m just sharing my opinion, there’s definitely no right answer to the question – if I missed out on Bored Apes, what’s my next best bet? That being said, this is the question that so many people are asking themselves as the floor for Bored Ape Yacht Club is now 24.99ETH or ~$83,000 – which is too much for most people to spend on a JPEG of an ape.
Lately my Twitter and Discord DMs have been filling up with people asking me, “I missed apes, what’s the next best thing?” To which I feel requires a two part answer, and as you know from the title of this post, part of that answer is Gutter Cats, but it’s a little more complex than that so let me do my best to explain without getting too boring…
When it comes to NFT projects, what you’re really trying to find is both art that you like and a community that you gel with. Bored Apes captivated me early on because I thought the art was really fun and the community was just electric. After I bought a few apes I was looking at other projects and found a handful of other ones that I liked, and I either bought in the aftermarket or joined in the minting on those.
It’s important to remember that these are the early days so it’s still very possible that the next Bored Apes is a project that hasn’t launched yet, and you might find something in a week or a month, that you love, you mint, and you hit the jackpot. All that being said, in the current market, with the projects that are out right now, I think there’s one that has a real chance to follow a similar trajectory to Bored Apes, and that project is Gutter Cat Gang.
I first wrote about Gutter Cat Gang on NFTInvesting.io back in May when they were nearing launch.
What first caught my eye about Gutter Cat Gang, which is pretty hard to ignore, is how similar their art theme matched that of Bored Apes Yacht Club. This picture above reminds me a lot of the Bored Ape picture of the swamp club, and you can even see a door in the background that says “Night Club” which gives the impression of getting into a private club.
Also like Bored Ape Yacht Club the Gutter Cat Gang has another image showing the inside of their club and these two images made me think – whoever is running this project is definitely paying attention to what the Bored Ape team is doing.
Unlike Bored Ape Yacht Club, there are only 3,000 Gutter Cats, so we’re talking about less than a third of the size. I think this will make a different over time, especially as we seem to be living in a sea of 10,000 NFT avatar projects, this makes each cat more special and rare.
All this being said, what makes a project like Bored Apes so special is the community and how well the founders can continue to foster and grow the community. If you’ve ever spent any time in the Gutter Cat Discord, you know there’s some real magic there, and you’ll find the same on Twitter where people have changed their profile pictures and are doing all trying to follow every cat they can find.
Like Bored Apes, Gutter Cat Gang released a companion NFT, Gutter Rats, which now have a floor of 1.6ETH which is pretty impressive considering that the floor for Bored Ape Kennel Club is 2.35ETH. The reality here is that a project with 3,000 NFTs can see faster floor growth just because there are a lot less NFTs available period.
What has been really impressive over the last week is how quickly the floor has risen for Gutter Cat Gang, which makes me think, people who couldn’t get into Bored Apes are now flooding into this project. A week ago the floor for Gutter Cat Gang was around 2.3ETH, today it’s 4.79ETH, that’s more than double in a week and it doesn’t look like things will be slowing down anytime soon.
To add some icing on the Gutter Cake, the team just held their first merch drop which has some pretty interesting mechanics to it – here are all the dets:
I think this is a pretty unique concept, and one that will drive even more digital merch sales since I think a lot of people (like me ) are going to want both digital and physical merch, and hence mint more than once.
Given everything that Gutter Cat Gang is doing, and how quickly the floor both for cats and rats is growing, it does feel like this could be on a Bored Ape-like trajectory. Of course every project is different, and like I said in the beginning, a new project could come out and change the game, but as it stands now, and based on the data I’m seeing, Gutter Cats seem to be the best-positioned NFT project for people who missed out on Bored Apes but still want a chance to strap themselves to what could become an NFT rocket ship
Of course, that’s my two cents, but I’m just one person with an opinion. Do your research, make your own decisions, and know that these are still the early days. Congrats to the whole Gutter Cat Gang team and all my fellow cats out there, it’s clear we have an exciting road ahead.