Weekly NFT Update (Week 12, 23/03/2022 – 29/03/2022)
Madonna joins the BoredapeYC. Decentraland hosts Metaverse Fashion Week. Looking for an island getaway? Check out the crypto-centric Satoshi Island.
Key Takeaways
On Wednesday, BAYC creator Yuga Labs announced it raised US$450 million in its latest funding round led by a16z crypto, with participation from Animoca Brands and The Sandbox. This brings the company’s total valuation to $4 billion.
Crypto artist XCOPY recently released ‘Max Pain’, an open edition NFT drop which raised US$23 million in mere minutes. 7,394 NFTs were minted in total priced at $3,108 each (price of 1 ETH at the time) and were sold within a 10-minute window.
Decentraland recently held Metaverse Fashion Week, a virtual fashion event with participation from 70 brands such as Estée Lauder, Tommy Hilfiger, Dolce & Gabbana, and Forever 21.
On Tuesday Bored Ape #835 sold for just 115 DAI, which was about US$115 at the time of sale on OpenSea. BAYCs are considered blue chip NFTs with extremely high floor price and boast a group of high-profile holders, with Madonna as the latest celebrity to invest, which is why this made the headlines and was even deemed suspicious to some.
LooksRare recorded a +42% increase in sales and a +8% jump in transactions. OpenSea recorded a +9% increase in sales and a +11% jump in transactions.
Crypto.com NFT in the Spotlight
On their sacred and holy quest to make money from THE ONE TRUE DICTIONARY, a group of talented Hollywood writers and performers joined together to help create these handcrafted NFTs. With ‘Own Every Word: Trinity Drop Pack’, the hapless group of comedians are back to work translating the sacred Word Wizard's text into 1-of-1 NFTs to be exploited for profit. And after a month with an epic Word Wizard airdrop where four legendaries were found, we continue our hunt for #1: The Original Word Wizard.
Interdisciplinary visual artist Nibera welcomes you to an immersive experience in which you can explore The Cosmic City and its inhabitants. ‘The Cosmic City’ is here to offer you a space in which you can explore your imagination and ideas. From galactic landscapes to retro-futuristic scenes, Nibera created visual artworks and soundscapes that will inspire you to explore the universe in your mind.
Highlights
LooksRare to allow messaging between users after partnering with Etherscan to launch chat button
Silk Road founder Ross Ulbricht to drop Bitcoin NFT collection
Paris Saint-Germain Soccer Club files trademark application to get into the Metaverse and NFTs
Qantas announces NFT collection and becomes the second airline offering NFTs
Tommy Hilfiger designs to hit Decentraland’s Metaverse Fashion Week
Bulgari brings a touch of the non-fungible to high end watchmaking
Cool Cats Ethereum NFT project signs with CAA for media, licensing push
Nelson Mandela’s original arrest warrant sold for $130K as NFT
African Digital Art Network Launches Nandi NFT Marketplace on Celo
Foodverse: world’s first food metaverse where NFTs can buy food IRL
TooNFT looks to revolutionise the Webtoon industry via next-generation blockchain platform
Canadian musician Grimes reveals ‘intergalactic children’s metaverse book’ at Avalanche Summit
NFT marketplace Blur raises $11 million in seed round led by Paradigm
Bored Ape Yacht Club’s newest merch drop can only be bought with ApeCoin
Zilliqa ready to launch metaverse-as-a-service (MaaS) platform, Metapolis
US Justice Dept. charges Ethereum NFT project creators over 'rug pull'
* Week-on-Week (WoW) % change is calculated based on the differences between two subsequent 7-day periods* Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date
* Transaction count & average price refers to the number of traders and average price of the 7-day period
* LooksRare launched on 10 January 2022
* X2Y2 launched on 16 February 2022
* LooksRare, OpenSea data from Dune Analytics
* X2Y2, NBA Top Shot data from DappRadar
* Solanart data from Solanart.io
* Collectibles data from CryptoSlam.io
The following chart shows selected top NFTs and their historical floor prices.
Upcoming NFT Sales
The following information shows top upcoming NFT sales (by market cap) and a sample of their art.
Project Name: CBirdz
Sale Date: 4 Apr 2022
Price (ETH): 8
Items: 10,000
Market Cap (ETH): 8,000
Project Name: Meta Survivors Club
Sale Date: 9 Apr 2022
Price (ETH): 1.3
Items: 10,000
Market Cap (ETH): 13,000
Project Name: LycaFox Pack
Sale Date: 2 Apr 2022
Price (ETH): 1
Items: 11,111
Market Cap (ETH): 11,111
Project Name: AquaHeads
Sale Date: 30 Apr 2022
Price (ETH): 2
Items: 3,333
Market Cap (ETH): 6,666
Project Name: DEGENZ GAME
Sale Date: 14 Apr 2022
Price (ETH): 1.984
Items: 3,333
Market Cap (ETH): 6,6612.672
Top Artists
The following information shows selected top artists (by sales volume on each platform) and a sample of their art.
Platform: Crypto.com NFT
Artist: Travis Ragdale
Sales Volume (USD): $2,000,000+
Platform: Solanart
Artist: Degenerate Ape Academy
Sales Volume (USD): $1,688,040
Platform: OpenSea
Artist: Women of World Galaxy
Sales Volume (USD): $64,201,809
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