Weekly NFT Update (Week 17, 27/04/2022 – 03/05/2022)

Goldman Sachs explores using NFTs for real assets, financial instruments. OpenSea accepts ApeCoin as a payment method. Angel City FC launches its 1st NFT collection in partnership with Crypto.com.

May 04, 2022
Weekly Nft Newsletter May 2022

Key Takeaways

  • Goldman Sachs said it is exploring the use of non-fungible tokens (NFT), particularly the tokenisation of real assets. The global investment bank is looking into NFTs in the context of financial instruments, believing that is where the power is.
  • Leading NFT marketplace OpenSea has started accepting ApeCoin (APE) as a payment method. APE, the main token for the Bored Ape Yacht Club ecosystem, is now 22nd in the top cryptocurrency rankings based on market capitalisation.
  • Angel City FC has announced the launch of its first NFT collection, the ACFC Inaugural Fan Pass Collection, in partnership with club founding partner Crypto.com
  • LooksRare recorded -16% and -7% decreases in sales and transactions respectively. OpenSea recorded a +26% increase in sales and a -30% drop in transactions.

Crypto.com NFT in the Spotlight

  • Tattoo artist Jesse Smith created a fictitious continent called ‘Carkayous’ in 2009 to contain all of his tattoos and art. The next adventure on the docket is to Durken Forest (Expedition 8 – “The Blooming of the Psilofish”), where we will explore a massive tattoo artist mega collaboration led by him. Each artist brought life to their own creature living in this forest.
  • UFC® has partnered with Crypto.com to release a seventh NFT collection, featuring fighters from the ‘UFC 274’ event. Taking place at Footprint Center in Phoenix, Arizona on 7 May 2022, it is headlined by Oliveira vs Gathje for the Lightweight Championship title, and Namajunas vs Esparja for the Women’s Strawweight Championship title.

Highlights

Transaction Volume Benchmark

Image 2
* 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.
* CoinBase NFT is currently available to a small group of people only
LooksRare launched on 10 January 2022
* X2Y2 launched on 16 February 2022
* Magic Eden data refers to on-chain activity of the tracked smart contracts

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

Top Collectibles

Project NameWeekly Sales (USD)Transaction CountNumber of Buyers
Otherdeed$686,103,29426,57614,491
Bored Ape Yacht Club$142,229,698417282
Mutant Ape Yacht Club$128,154,6021,4041,073
Okay Bears$45,376,7525,5323,119
Imaginary Ones$43,010,24016,53212,514
Project NameOtherdeed
Weekly Sales (USD)$686,103,294
Transaction Count26,576
Number of Buyers14,491
Project NameBored Ape Yacht Club
Weekly Sales (USD)$142,229,698
Transaction Count417
Number of Buyers282
Project NameMutant Ape Yacht Club
Weekly Sales (USD)$128,154,602
Transaction Count1,404
Number of Buyers1,073
Project NameOkay Bears
Weekly Sales (USD)$45,376,752
Transaction Count5,532
Number of Buyers3,119
Project NameImaginary Ones
Weekly Sales (USD)$43,010,240
Transaction Count16,532
Number of Buyers12,514
* 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 and a sample of their art.

Project NameSale DatePriceItemsMarket Cap Sample
Xkart Racing22 May 20222.0 (AVAX)5,00010,000 (AVAX)
Country Ape Squad1 Jun 20220.3 (ETH)10,0003,000 (ETH)
Awkward Dragons5 May 20221.05 (SOL)4,8885,132 (SOL)
VALFRÉLANDIA5 May 20220.12 (ETH)10,0001,200 (ETH)
Thicc Frens8 May 20220.06 (ETH)5,555333.3 (ETH)
Project NameXkart Racing
Sale Date22 May 2022
Price2.0 (AVAX)
Items5,000
Market Cap 10,000 (AVAX)
Sample
Project NameCountry Ape Squad
Sale Date1 Jun 2022
Price0.3 (ETH)
Items10,000
Market Cap 3,000 (ETH)
Sample
Project NameAwkward Dragons
Sale Date5 May 2022
Price1.05 (SOL)
Items4,888
Market Cap 5,132 (SOL)
Sample
Project NameVALFRÉLANDIA
Sale Date5 May 2022
Price0.12 (ETH)
Items10,000
Market Cap 1,200 (ETH)
Sample
Project NameThicc Frens
Sale Date8 May 2022
Price0.06 (ETH)
Items5,555
Market Cap 333.3 (ETH)
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 NFTBull Run Crew$1.4M
SolanartDegenerate Ape Academy$15,863
OpenSeaOtherdeed for Otherside$565,754,266
PlatformCrypto.com NFT
ArtistBull Run Crew
Sales Volume (USD)$1.4M
Sample
PlatformSolanart
ArtistDegenerate Ape Academy
Sales Volume (USD)$15,863
Sample
PlatformOpenSea
ArtistOtherdeed for Otherside
Sales Volume (USD)$565,754,266
Sample

Tags

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Market

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