Weekly NFT Update (Week 17, 27/04/2022 – 03/05/2022)
Goldman Sachs explores using NFTs for real assets, financial instruments. OpenSea adds $APE as payment method. Angel City FC launches 1st NFT collection in partnership with Crypto.com.
Key Takeaways
Goldman Sachs said it is exploring the use of non-fungible tokens (NFT), particularly the tokenisation of real assets. The global investment bank is looking into NFTs in the context of financial instruments, believing that is where the power is.
Leading NFT marketplace OpenSea has started accepting ApeCoin (APE) as a payment method. APE, the main token for the Bored Ape Yacht Club ecosystem, is now 22nd in the top cryptocurrency rankings based on market capitalisation.
Angel City FC has announced the launch of its first NFT collection, the ACFC Inaugural Fan Pass Collection, in partnership with club founding partner Crypto.com.
LooksRare recorded -16% and -7% decreases in sales and transactions respectively. OpenSea recorded a +26% increase in sales and a -30% drop in transactions.
Crypto.com NFT in the Spotlight
Tattoo artist Jesse Smith created a fictitious continent called ‘Carkayous’ in 2009 to contain all of his tattoos and art. The next adventure on the docket is to Durken Forest (Expedition 8 - "The Blooming of the Psilofish"), where we will explore a massive tattoo artist mega collaboration led by him. Each artist brought life to their own creature living in this forest.
UFC® has partnered with Crypto.com to release a seventh NFT collection, featuring fighters from the ‘UFC 274’ event. Taking place at Footprint Center in Phoenix, Arizona on 7 May 2022, it is headlined by Oliveira vs Gathje for the Lightweight Championship title, and Namajunas vs Esparja for the Women's Strawweight Championship title.
Highlights
Ethereum user spends US$44,000 in gas fees to mint Bored Ape ‘Otherside’ NFTs
ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auction
Yuga Labs sees US$561M in Otherside Ethereum NFT sales within 24 hours
Okay Bears NFTs record sellout help Solana net US$2B in sales
NFTs emerge as a portfolio saver amid crypto market downturn
BAYC's 24-H volume exceeds US$52M; floor price hits record high of 150 ETH
Transaction Volume Benchmark
* 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.
* CoinBase NFT is currently available to a small group of people only
LooksRare launched on 10 January 2022
* X2Y2 launched on 16 February 2022
* Magic Eden data refers to on-chain activity of the tracked smart contracts
* LooksRare, OpenSea data from Dune Analytics
* X2Y2, NBA Top Shot, Magic Eden data from DappRadar
* Solanart data from Solanart.io
Top Collectibles
* 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 and a sample of their art.
Project Name: Xkart Racing
Sale Date: 22 May 2022
Price: 2.0 (AVAX)
Items: 5,000
Market Cap: 10,000 (AVAX)
Project Name: Country Ape Squad
Sale Date: 1 Jun 2022
Price: 0.3 (ETH)
Items: 10,000
Market Cap: 3,000 (ETH)
Project Name: Awkward Dragons
Sale Date: 5 May 2022
Price: 1.05 (SOL)
Items: 4,888
Market Cap: 5,132 (SOL)
Project Name: VALFRÉLANDIA
Sale Date: 5 May 2022
Price: 0.12 (ETH)
Items: 10,000
Market Cap: 1,200 (ETH)
Project Name: Thicc Frens
Sale Date: 8 May 2022
Price: 0.06 (ETH)
Items: 5,555
Market Cap: 333.3 (ETH)
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: Bull Run Crew
Sales Volume (USD): $1.4M
Platform: Solanart
Artist: Degenerate Ape Academy
Sales Volume (USD): $15,863
Platform: OpenSea
Artist: Otherdeed for Otherside
Sales Volume (USD): $565,754,266
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