☞ The week in NFTs - Volume 34
#ProbablyNothingDigest 🧵 by SODIUM
Although we've just seen a yearly low...
of trading volume on Opensea (~$5 million on Aug. 28) - approx. 99% lower than its record high of $405.75 million on May 1 — the NFT market has experienced a relief rally over the past days, with many green candles among collections. The Ethereum merge countdown is at T-20 Days, the community prepares for proof-of-stake liftoff. Besides this? Interesting move from X2Y2 related to creator royalties, more details in the news overview below.
You're wondering about the process on SODIUM's end?
Our team has recently finished the UX testing process with 34 beautiful NFT/DeFi people (🫶), works smooth. Wen launch? Soon TBA!
▶︎ NFT MARKT CAP & SALES VOLUME:
Cold like a siberian winter. August 28 marks the day with the lowest trading volume within this year (so far). As a comparison: $1,47 Billion was the trading volume in the same period in 2021, thats a drop of 90%. Again unbalanced board of sellers vs. buyers this week leading to a further decrease of profitable trades.
▶︎ TOP 10 NFT COLLECTIONS by Market Cap:
Among the Top Collections, Azuki showed the biggest pump +34%, CloneX, Moonbirds & Doodles with +12% increase in Floor Price.
Free Mint collection "DigiDaigaku" climbed up from last weeks average price of 2.7 ETH to 11.9 ETH. Pudgy Penguin still continues to perform quite well with a weekly trading volume of $2.5 Million and an average price of 3.5 ETH.
▶︎ NFT TRADING ACTIVITY IN THE PAST 7 DAYS:
Pushed by the optional royalty selection and commission free trading, X2Y2 continues to grow the weekly trading volume and number of active users - more about it in the news section below.
▶︎ TOP 5 NFT SALES by Price on Ethereum:
1)Bored Ape #2909 for 76,000 APE
2) Bored Ape #9315 for 200 ETH
3) Bored Ape #8590 for 180.5 WETH
4) Bored Ape #5718 for 150 ETH
5) Bored Ape #591 for 129 WETH
▶︎ TOP 10 CRYPTO PRICES by Market Cap:
The global cryptocurrency market cap dropped again below $1 Trillion to $999 Billion, which is a decrease of -9% compared to last week.
▶︎ NFT Market NEW OF THE WEEK 08/15 - 08/21:
‣ Uniswap in talks with NFT Lending protocols - including Sodium, for NFT Financialization. [Read More]
‣ X2Y2 enabled royalties to be paid as optional selection to later announce that decision of royalties will be made by project holders . [Read More]
‣ Microsoft Gaming CEO says gamers have been in the metaverse for 30 years. [Read More]
‣ Snoop Dogg and Eminem performed at the MTV VMAs from the Otherside metaverse as a result of a collab with Yuga Labs. [Read More]
‣ Solana NFT project DeGods overtook ETH blue-chips after current floor price. [Read More]
‣ Wood Fragrances to launch Fragrance NFT subscription, collection limited to 500 NFTs. [Read More]
‣ Between July 2021 and July 2022 over $100 million worth of NFTs were publicly reported as stolen through scams. [Read More]
‣ Iconic Moments to create NFT with Proof.xyz and the White House Historical Association. [Read More]
‣ Cross metaverse avatar developer Ready Player Me has raised $56m in series B funding. [Read More]
‣ NFT project SudoRare disappears with roughly 520 ETH in user funds. [Read More]
‣ Animoca Brands Japan raised $45 million to secure local licenses for popular anime and manga IPs. [Read More]
‣ Polygon founder raised $50M for Web3 fundfocused on early-stage Web3 startups. [Read More]
‣ Nike has generated a total of $185 million in revenue from NFT sales. [Read More]
‣ M&M's announced the launch of 10k limited edition Bored Ape Yacht Club-themed chocolate packs.[Read More]
‣ Taco Bell x Decentraland are hosting a contest for the Metaverse Wedding. [Read More]
‣ The total number of ENS registrations has surpassed 2.1 million after reaching 2 million in CW-33.
‣ The Bored Ape Yacht Club collection has surpassed $2.4 billion in all-time sales.
▶︎ TOP CONTENT RECOMMENDATIONS:
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