☞ The week in NFTs - Volume 30
#ProbablyNothingDigest 🧵 by SODIUM
Sup NFT frens and everyone else.
It got a bit late with finishing up the latest episode of the #ProbablyNothingDigest - The Week in NFTs - Volume 30. You might think 'wth you only got one job'... unfortunately not, quite busy weeks! SODIUM is about to launch! We'll be pushing updates about the launch and our massive new platform mechanic asap. Stay tuned!
Let's dive into the highlights of the past 7 days of week 30
Interesting news this week from MagicEden, Yuga Labs & Coinbase, as well as a surprise on the marketplace side.
Overall floor prices of some of the most popular NFT collections rose over the past 7 days. Most bullish among the top collections was CrytpoPunks, which saw its FP rise by nearly 7%. BAYC came second up 4% over the same time period.
▶︎ NFT Market Cap & Sales Volume:
Sales volume was down by 14.9%, but the market cap was up by 1.36% no big moves during the week but consistent market sentiment.
▶︎ NFT trading activity in the past 7 days:
Surprise #1:
X2Y2 generated more weekly sales volume than OpenSea and MagicEden together.
Surprise #2:
Element Market lands on rank 6, which sounds at first like a web2 marketplace for logos, is actually an aggregator marketplace backed by Sequoia. Looking at the current volume, it looks like that we will see Element overtaking Gem during CW-31 into the Top 5.
▶︎ NFT Market News of the week 07/25 - 07/31:
‣ Magic Eden expands the NFT marketplace to Ethereum. [Read More]
‣ W3BCloud prepares to list Web 3.0 to Wall Street with SPAC deal. [Read More]
‣ Gucci now accepts Apecoin as a payment method via BitPay. [Read More]
‣ Chiliz announced a $100M investment to acquire a 24.5% stake in FC Barcelona's web3 hub. [Read More]
‣ Coinbase released the first part of the BAYC-featured movie. [Read More]
‣ KuCoin launches NFT ETFs to support Bluechip investments. [Read More]
‣ Yuga Labs facing a lawsuit for ‘fraudulently promoting’ BAYC and ApeCoin. [Read More]
‣ Netgear is partnering with SuperRare to display NFTs on Meural digital displays. [Read More]
‣ Binance to launch NFT Ticketing for Lazio Rome for the matches in the 2022/23 Italian Serie A championship. [Read More]
‣ Tiffany & Co. has announced a CryptoPunk NFT x Jewellery collection including 250 items for 30ETH each. [Read More]
‣ FC Barcelona sold its first NFT ‘In a Way, Immortal’ for $693,000 at a Sotheby’s auction in New York on July 29. [Read More]
‣ Yuga Labs announced that it set a 5% royalty fee on all secondary sales on the Meebits NFT collection. [Read More]
‣ UK football club Crawley Town F.C. signed a player via a fan and NFT holders’ vote on Discord. [Read more]
‣ Veve, in partnership with Star Wars, announced ‘The Empire Strikes Back’ fame Boba Fett NFT drop. [Read more]
‣ AC Milan partners with Sorare for its Fantasy Football Game and to leverage NFTs, games, and web3. [Read more]
‣ VeeFriends NFT has raised $50 million in a recent funding round, led by a16z to scale VeeFriends’ creative, technical, and experimental operations. [Read More]
‣ Meta CEO Mark Zuckerberg: “The metaverse is a massive opportunity and it will unlock hundreds of billions of dollars if not, trillions over time.” [Read More]
‣ MTV adds ‘Best Metaverse Performance’ to its Video Music Awards. [Read More]
‣ Solana launched a physical retail store in New York. [Read More]
‣ Hong Kong University of Science and Technology to launch the world’s first metaverse campus. [Read More]
‣ Skoda has introduced a set of NFT poster art to show its support for women competing in the Tour de France. [Read More]
‣ The city of Miami announced a partnership with Time Magazine, Mastercard, and Salesforce to release a 5,000 NFT collection. [Read More]
▶︎ Top 10 NFT collections by Market Cap:
Meebits with a massive spike in weekly volume but consistent holders ratio looks like a token farming activity before the royalty was set.
Bluechips Azuki, Doodles, and CloneX with a 30% drop, within the past 30 days.
9Gag project ‘The Potatoz’ up 86% at a current FP of 1.25 ETH.
▶︎ Top 5 NFT Sales by Price on Ethereum:
1) CryptoPunk #6874 for 300 ETH
2) Bored Ape #5757 for 190.005 ETH
3) CryptoPunk #8595 for 145 ETH
4) CyberBrokers #7808 for 128.5 ETH
5) Bored Ape #2553 for 114 ETH
▶︎ Top 10 Crypto Prices by Market Cap:
The global cryptocurrency market cap today is $1.11 Trillion (+4.72%)
▶︎ Top Content Recommendation:
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Editors note:
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