Madonna - A Member Of The Bored Ape Yacht Club, Metaverse's Fashionweek - NFT Update - Week 23/03-29/03/22

Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

Madonna joins the Bored Ape Yacht Club. Decentraland holds Metaverse Fashion Week with over 70 brands. Looking for an island getaway? Check out Satoshi Island, the first crypto-centric island.

MAR 30, 2022
 
 
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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

Transaction Volume Benchmark

 
 
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Top Collectibles

 
Project Name Weekly Sales (USD) Transaction Count Number of Buyers
Women of World Galaxy $66,205,646 12,683 8,155
Azuki $53,208,448 979 595
Bored Ape Yacht Club $44,339,863 122 109
Mutant Ape Yacht Club $41,049,209 562 441
BAPETAVERSE $17,679,556 6,737 3,343
 
 
 
* Collectibles data from CryptoSlam.io

The following chart shows selected top NFTs and their historical floor prices.

Upcoming NFT Sales

The following table shows top upcoming NFT sales (by market cap) and a sample of their art.

 
Project Name Sale Date Price (ETH) Items Market Cap (ETH) Sample
CBirdz 4 Apr 2022 8 10,000 8,000
Meta Survivors Club 9 Apr 2022 1.3 10,000 13,000
LycaFox Pack 2 Apr 2022 1 11,111 11,111
AquaHeads 30 Apr 2022 2 3,333 6,666
DEGENZ GAME 14 Apr 2022 1.984 3,333 6,6612.672
 
 
 

Top Artists

The following table shows selected top artists (by sales volume on each platform) and a sample of their art.

 
Platform Artist Sales Volume (USD) Sample
Crypto.com NFT Travis Ragdale $2,000,000+
Solanart Degenerate Ape Academy $1,688,040
OpenSea Women of World Galaxy $64,201,809
 
 
 

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Source: Crypto.com

Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

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