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Weekly NFT Update (Week 12, 23/03/2022 – 29/03/2022)

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
Nft Newsletter Image

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

Screen Shot 2022 03 30 At 8.31.21 Pm
* Week-on-Week (WoW) % change is calculated based on the differences between two subsequent 7-day periods
* Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date

* Transaction count & average price refers to the number of traders and average price of the 7-day period
* LooksRare launched on 10 January 2022
* X2Y2 launched on 16 February 2022

* LooksRare, OpenSea data from Dune Analytics
* X2Y2, NBA Top Shot data from DappRadar
* Solanart data from Solanart.io

Top Collectibles

Project NameWeekly Sales (USD)Transaction CountNumber of Buyers
Women of World Galaxy$66,205,64612,6838,155
Azuki$53,208,448979595
Bored Ape Yacht Club$44,339,863122109
Mutant Ape Yacht Club$41,049,209562441
BAPETAVERSE$17,679,5566,7373,343
Project NameWomen of World Galaxy
Weekly Sales (USD)$66,205,646
Transaction Count12,683
Number of Buyers8,155
Project NameAzuki
Weekly Sales (USD)$53,208,448
Transaction Count979
Number of Buyers595
Project NameBored Ape Yacht Club
Weekly Sales (USD)$44,339,863
Transaction Count122
Number of Buyers109
Project NameMutant Ape Yacht Club
Weekly Sales (USD)$41,049,209
Transaction Count562
Number of Buyers441
Project NameBAPETAVERSE
Weekly Sales (USD)$17,679,556
Transaction Count6,737
Number of Buyers3,343
* 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 NameSale DatePrice (ETH)ItemsMarket Cap (ETH)Sample
CBirdz4 Apr 2022810,0008,000
Meta Survivors Club9 Apr 20221.310,00013,000
LycaFox Pack2 Apr 2022111,11111,111
AquaHeads30 Apr 202223,3336,666
DEGENZ GAME14 Apr 20221.9843,3336,6612.672
Project NameCBirdz
Sale Date4 Apr 2022
Price (ETH)8
Items10,000
Market Cap (ETH)8,000
Sample
Project NameMeta Survivors Club
Sale Date9 Apr 2022
Price (ETH)1.3
Items10,000
Market Cap (ETH)13,000
Sample
Project NameLycaFox Pack
Sale Date2 Apr 2022
Price (ETH)1
Items11,111
Market Cap (ETH)11,111
Sample
Project NameAquaHeads
Sale Date30 Apr 2022
Price (ETH)2
Items3,333
Market Cap (ETH)6,666
Sample
Project NameDEGENZ GAME
Sale Date14 Apr 2022
Price (ETH)1.984
Items3,333
Market Cap (ETH)6,6612.672
Sample

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 NFTTravis Ragdale$2,000,000+
SolanartDegenerate Ape Academy$1,688,040
OpenSeaWomen of World Galaxy$64,201,809
PlatformCrypto.com NFT
ArtistTravis Ragdale
Sales Volume (USD)$2,000,000+
Sample
PlatformSolanart
ArtistDegenerate Ape Academy
Sales Volume (USD)$1,688,040
Sample
PlatformOpenSea
ArtistWomen of World Galaxy
Sales Volume (USD)$64,201,809
Sample

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