Weekly NFT Update (Week 7, 16/02/2022 – 22/02/2022)

NBA Top Shot offers 30 NFTs with All-Star Game passes + other perks. JPMorgan launches lounge in Decentraland. Harmony debuts Bored Ape Yacht Club NFT Passport.

Key Takeaways

• NBA Top Shot announced on Friday that it will auction off 30 NFTs that grant their holders VIP access to the next five annual NBA All-Star Games, plus other real-world perks. 
• Blockchain platform Harmony launched the Bored Ape Yacht Club NFT Passport, which enables users to import proof of their apes into play-to-earn game DeFi Kingdoms. 
• JPMorgan took a big step in the metaverse and NFT spaces last week with a virtual Decentraland lounge, as it seeks to capitalise on what it calls a ‘$1 trillion opportunity.’ 
• LooksRare recorded a -50% decrease in sales and a -14% drop in transactions. OpenSea recorded a -8% decrease in sales and a +41% jump in transactions.

Crypto.com NFT in the Spotlight

• ‘AlphaBot Society’ is the first community-driven, choose-your-own-adventure PFP project on Crypto.com, designed by 3D artist Travis Ragdale. Each AlphaBot in this 10,000 PFP collection is a unique digital collectible avatar with various traits, textures, and components, making PFP special and individual in its own way. Set in the distant future, the AlphaBots are a race of sentient robots created by Decentel, a metaverse corporation.
• Aston Martin Cognizant F1 Team is proud to bring to life its latest ‘The next drop on our journey’ NFT drop, offering its fans the chance to seal their own piece of history. This collection features AMR22, the team’s first car designed for F1’s technical regulation revolution, in a global launch at the home of Aston Martin Lagonda in Gaydon, U.K. Fans will be given the exclusive opportunity to own up to four CGI-designed individual car components from the groundbreaking AMR22. But that’s not all: any fan who collects all four pieces will then be airdropped the full AMR22, with those lucky few then earning redeemable rewards as a result.
• Panos Pagonis’ ‘MetaTarot’ (Tarot of the Metaverse) is bringing into the world of NFTs and crypto the traditional Rider-Waite Tarot deck, recreated in 3D art. All the cards of the original deck have been carefully handcrafted in the 3D world. The NFTs maintain the traditional elements and meanings of the original cards, while also being enriched with cryptocurrency characteristics.

Highlights

• New York Stock Exchange signals move to build an NFT marketplace
• X2Y2 up 235% after airdrop to OpenSea NFT collectors
• Axie Infinity becomes first NFT series to break $4B in sales
• Victoria’s Secret forays into NFTs and metaverse with 4 blockchain-related trademark filings
• Puma registers ENS domain, changes name to Puma.eth on Twitter
• VR platform Cyber teams with Rarible for Virtual NFT marketplace
• Music major Universal to develop NFT fan collection
• Manchester City is building world’s first football stadium in the metaverse
• Animoca Brands acquires indie game developer Grease Monkey Games
• Amundi to invest in NFTs
• Snoop Dogg’s latest NFT collection may raise more than $125m
• FTX to Roll Out Crypto Service for Games Publishers
• OpenSea CEO Devin Finzer responds to $1.7 million phishing attack
• Rug pulls force Solana NFT marketplace Magic Eden to invoke doxing policy for creators
• NFT Collector sues OpenSea for $1M over listing bug

Transaction Volume Benchmark

Top Collectibles

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.