Key Takeaways
- The NFT of former Twitter CEO Jack Dorsey’s first tweet is now valued at about US$ 48 million on OpenSea. Just last March, the tweet was worth $2.9 million and sold to Bridge Oracle CEO Sina Estavi.
- Sports media giant ESPN released its first Tom Brady NFTs on 7 April, in collaboration with Brady’s NFT startup Autograph. This is part of a multi-year deal agreement between the two firms, and the NFTs were minted on Polygon.
- Chancellor Rishi Sunak has tasked The Royal Mint to develop government-backed NFTs this summer. This move signals the Treasury’s intention to stay at the forefront of cryptocurrency and supports the Chancellor’s ambitions for the UK to be the global hub of ‘cryptoasset technology’.
- On Tuesday, blockchain analytics platform Nansen recently released its quarterly report for Q1 2022 which highlights that the NFT market has outperformed the cryptocurrency market year-to-date. Blue chip and metaverse NFTs were the main drivers of this tremendous market growth.
- LooksRare recorded a -34% decrease in sales and a -27% drop in transactions. OpenSea recorded a -32% decrease in sales and an +18% jump in transactions.
Crypto.com NFT in the Spotlight
- ‘Remember The Name’ is the first athlete NFT project which allows you to personalise your redeemable experience on Crypto.com, created by portrait artist Carling Jackson and cricket legend Carlos Brathwaite. Each NFT in this pseudo PFP collection places the owner in a bespoke redeemable stream allowing them to cater their redeemable experience to their interests. The Remember the Name collection features fan-favourite action figures and the first publicly available work from the world renowned ‘athlete artist’.
- ‘BeatHeadz’ is the PFP project for all music lovers on Crypto.com. Created by artist Phil Lumbang and musician Aloe Blacc, each of the 10,808 BeatHeadz in the collection is a digital collectible avatar with a unique combination of headphones, hair, eyes, clothing, and accessories.
Highlights
- Ethereum NFT-backed loan market heats up as CryptoPunks owner borrows $8.3M
- Refunds for NFTs? New standard sets give-back period for minters
- Logan Paul’s new company ‘Liquid Marketplace’ allows people to invest in shares of rare collectibles
- NBA’s crypto chief registers second .Eth domain as league files for 4 NFT trademarks
- NFT avatar startup Genies reaches unicorn status with $150M funding led by Silver Lake
- NFT analytics firm bitsCrunch partners with Mastercard to help non-crypto natives secure their digital assets
- Cyber Yachts announces world’s most expensive NFT priced at $400M
- Grammys 2022: NFTs hot topic of discussion among musicians and industry experts
- SecuX unveils world’s first NFT-focused hardware wallet to compete with Ledger Nano S Plus
- NFT artist FEWOCiOUS raises nearly $20M in digital art sales in 24 hours
- Gary Vaynerchuk-backed Swoops raises $3.5 million for NFT basketball game
- Stellar users can now earn NFTs by solving difficult quests on network
Transaction Volume Benchmark
* 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 Name | Weekly Sales (USD) | Transaction Count | Number of Buyers |
|---|---|---|---|
| MOAR by Joan Cornelia | $27,192,913 | 5,820 | 3,949 |
| Bored Ape Yacht Club | $26,099,727 | 98 | 76 |
| Mutant Ape Yacht Club | $24,589,035 | 321 | 248 |
| Arcade Land | $23,165,209 | 5,006 | 2,895 |
| Azuki | $20,781,780 | 269 | 195 |
| Project Name | MOAR by Joan Cornelia |
|---|---|
| Weekly Sales (USD) | $27,192,913 |
| Transaction Count | 5,820 |
| Number of Buyers | 3,949 |
| Project Name | Bored Ape Yacht Club |
| Weekly Sales (USD) | $26,099,727 |
| Transaction Count | 98 |
| Number of Buyers | 76 |
| Project Name | Mutant Ape Yacht Club |
| Weekly Sales (USD) | $24,589,035 |
| Transaction Count | 321 |
| Number of Buyers | 248 |
| Project Name | Arcade Land |
| Weekly Sales (USD) | $23,165,209 |
| Transaction Count | 5,006 |
| Number of Buyers | 2,895 |
| Project Name | Azuki |
| Weekly Sales (USD) | $20,781,780 |
| Transaction Count | 269 |
| Number of Buyers | 195 |
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 | Items | Market Cap | Sample |
|---|---|---|---|---|---|
| Chilled Camel Club | 29 Apr 2022 | 1.5 (SOL) | 10,000 | 15,000 (SOL) |  |
| MetamonGo | 15 Apr 2022 | 0.2 (ETH) | 40,000 | 8,000 (ETH) |  |
| Fancy Fox Association | 1 Jun 2022 | 0.8 (ETH) | 9,189 | 7,351.2 (ETH) |  |
| AquaHeads | 30 Apr 2022 | 2 (SOL) | 3,333 | 6,666 (SOL) |  |
| Project Name | Chilled Camel Club |
|---|---|
| Sale Date | 29 Apr 2022 |
| Price | 1.5 (SOL) |
| Items | 10,000 |
| Market Cap | 15,000 (SOL) |
| Sample | |
| Project Name | MetamonGo |
| Sale Date | 15 Apr 2022 |
| Price | 0.2 (ETH) |
| Items | 40,000 |
| Market Cap | 8,000 (ETH) |
| Sample | |
| Project Name | Fancy Fox Association |
| Sale Date | 1 Jun 2022 |
| Price | 0.8 (ETH) |
| Items | 9,189 |
| Market Cap | 7,351.2 (ETH) |
| Sample | |
| Project Name | AquaHeads |
| Sale Date | 30 Apr 2022 |
| Price | 2 (SOL) |
| Items | 3,333 |
| Market Cap | 6,666 (SOL) |
| Sample | |
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 | Ballies | $2,000,000+ |  |
| Solanart | Degenerate Ape Academy | $274,584 |  |
| OpenSea | MOAR | $23,059,293 |  |
| Platform | Crypto.com NFT |
|---|---|
| Artist | Ballies |
| Sales Volume (USD) | $2,000,000+ |
| Sample | |
| Platform | Solanart |
| Artist | Degenerate Ape Academy |
| Sales Volume (USD) | $274,584 |
| Sample | |
| Platform | OpenSea |
| Artist | MOAR |
| Sales Volume (USD) | $23,059,293 |
| Sample | |
