NFT (Week 23, 08/06/2022 – 14/06/2022)

Mastercard to implement payments for NFT and Web3 projects. Xiaohongshu, China’s Instagram, tests Web3 waters by investing in a U.S. start-up. Crypto.com NFT now supports Solana-based collectibles.

Weekly NFT Update Q2 2022

Key Takeaways

  • Traditional payments companies are starting to embrace cryptocurrencies. Payments giant Mastercard has announced that it is working to implement payments for non-fungible tokens (NFTs) and some projects in the Web3 field.
  • Xiaohongshu, also known as China’s Instagram, is testing the Web3 waters by taking part in a US$1.2 million pre-seed fundraising round for U.S. start-up Shil.me, which is planning to launch a platform where people can display, share, transact, and manage non-fungible tokens (NFT) and other Web3 products.
  • Crypto.com NFT now supports Solana-based collectibles. With this update, Crypto.com NFT users can access and trade Solana-based NFTs while enjoying zero extra listing fees or gas fees for trades on Crypto.com NFT.
  • LooksRare recorded -38% and -34% decreases in sales and transactions, respectively. OpenSea‘s sales and transactions were also negative, at -34% and -29%, respectively.

Crypto.com NFT in the Spotlight

  • Upcoming NFT drop JayChou𝕩PSG will soon be exclusively available on Crypto.com NFT.
  • Own Every Word is bringing 1,000 brand-new words your way with 200 special-edition ‘Classy Celebration’ words with a custom 8-bit animated background that will never be used again.

Highlights

Transaction Volume Benchmark

Top Collectibles

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

Upcoming NFT Sales

The following table shows the top upcoming NFT sales and a sample of their art.

Project NameSale DatePriceItemsMarket Cap Sample
Panda Society18 Jun 20220.20 (ETH)10,0002,000 (ETH)
Chilliens22 Jun 20220.50 (SOL)5,0002,500 (SOL)
Millenabots02 Jul 20223.00 (SOL)9,99929,997 (SOL)
Socket Face Club17 Jun 20228.00 (MATIC)1,0008,000 (MATIC)
Cyborg Guardians17 Jun 2022300.00 (CRO)2,500750,000 (CRO)
* Sources: Rarity Tools, Crypto.com 

Top Artists

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

PlatformArtistSales Volume (USD)Sample
Crypto.com NFTCronos-7 Visitors$218,000
Magic EdenOkay Bears$2,135,153
OpenSeaBored Ape Yacht Club$12,955,285
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