☞ The week in NFTs - Volume 24
#ProbablyNothingDigest 🧵 by SODIUM
‣ Week 24 - June 13-19:
NFT collections sustained the rally triggered by Crypto markets. Ethereum's drop to $896, its lowest price since 2020, has led to a short low-level entry opportunity. The top 20 NFT projects show a significant increase in floor prices between 15-42%, although the trading volume decreased by 39% from last week.
‣ NFT Market Cap & Sales Volume:
This week's sales volume further decreased by 39%, down to similar levels seen in July 2021, the pre-NFT bull run.
‣ NFT trading activity in the past 7 days:
#X2Y2 with $105.28 million showing two weeks in a row now the highest sales volume among marketplaces.
‣ NFT News of the week 06/13-19:
‣ Bored Ape Yacht Club floor price has dropped to 70 ETH ($85,600) and bounced back to 92 ETH.
‣ CryptoPunks floor price rallied 42% up in the past 7 days, prior to the announcement that Christie’s “The NFT Guy” will join Yuga Labs to steward the project. [Read More]
‣ Immutable has launched a $500 million fund for #web3 games & #NFT-focused ecosystem. [Read More]
‣ Romania issues plans to store Government documents as NFTs. [Read More]
‣ Meta (Facebook) is launching a digital fashion marketplace in partnership with Balenciaga, Prada, and Tom Brown. [Read More]
‣ Truth Labs Revealed as Team Behind Goblintown. [Read More]
‣ Yahoo is launching #metaverse events in Hong Kong. [Read More]
‣ Meta to Push Metaverse Plans to Hong Kong Schools & Cafes. [Read More]
‣ Chevrolet Announces Corvette Z06 NFT, Winner Gets a Real Car. [Read More]
‣ Watch manufacturer Tag Heuer plans to allow holders to display NFTs on its smartwatches’ screen. [Read More]
‣ Mars files NFT-related trademarks for SNICKERS, including NFTs, digital tokens, virtual snacks/drinks, and authentication software. [Read More]
‣ BAYC Ape Fest Kicks Off NYC NFT Week from June 20-23. [Read More]
‣ Snoop Dogg has filed Metaverse-related trademark applications for Clothing, virtual cannabis, and digital collectibles. [Read More]
‣ Netflix Fraudster Anna Delvey Launches NFT Collection. [Read More]
‣ Blockchain.com has announced free NFT domains for its customers. [Read More]
‣ NFT platforms in China grow 5X in four months despite government restrictions. [Read More]
‣ Social media app #Btok purchased BAYC NFT for 1,024 ETH (~$1,24 million) as its brand ambassador. [Read More]
‣ Top 10 NFT collections by Market Cap:
‣ Top 5 NFT Sales by Price on Ethereum:
1) Bored Ape Yacht Club #7537
2) CryptoPunk #2964
3) CryptoPunk #6634
4) CryptoPunk #8620
5) CryptoPunk #5690
‣ #BlueChipNFT Index:
The market sentiment is cool and reflects the current volatility as well as the low trading volume also in the blue chip index, currently at 10,840.
Calculated by weighting the market cap (ETH/USD) of Blue Chip collections to reflect their performance.
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SODIUM is a non-custodial liquidity market protocol, which enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers can procure liquid funds in an NFT-over-collateralized manner.
SODIUM unlocks the financial value of an NFT by enabling users to get instant access to a liquidity pool, based on an automated NFT asset valuation.
🚨 SODIUM has launched The Fair Price Engine, the automatic NFT asset pricing system.
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https://sodiumofficial.medium.com/sodium-fair-price-engine-alpha-launch-1cace551ead1