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.
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
- Ethereum user spends US$44,000 in gas fees to mint Bored Ape ‘Otherside’ NFTs
- ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auction
- Yuga Labs sees US$561M in Otherside Ethereum NFT sales within 24 hours
- Okay Bears NFTs record sellout help Solana net US$2B in sales
- NFTs emerge as a portfolio saver amid crypto market downturn
- NFT market’s total trading volume tops US$55B
- MoonPay to provide crypto-processing for OneOf ‘green’ NFTs
- BAYC’s 24-H volume exceeds US$52M; floor price hits record high of 150 ETH
- K11 MUSEA holds a large-scale NFT art exhibition
- SuperRare to open curated NFT gallery in New York City
- VanEck announces launch of community NFT, first NFT
- Crypto exchange Kraken to roll out NFT marketplace
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.
* 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 Name | Weekly Sales (USD) | Transaction Count | Number of Buyers |
|---|---|---|---|
| Otherdeed | $686,103,294 | 26,576 | 14,491 |
| Bored Ape Yacht Club | $142,229,698 | 417 | 282 |
| Mutant Ape Yacht Club | $128,154,602 | 1,404 | 1,073 |
| Okay Bears | $45,376,752 | 5,532 | 3,119 |
| Imaginary Ones | $43,010,240 | 16,532 | 12,514 |
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 Name | Sale Date | Price | Items | Market Cap | Sample |
|---|---|---|---|---|---|
| Xkart Racing | 22 May 2022 | 2.0 (AVAX) | 5,000 | 10,000 (AVAX) | |
| Country Ape Squad | 1 Jun 2022 | 0.3 (ETH) | 10,000 | 3,000 (ETH) | |
| Awkward Dragons | 5 May 2022 | 1.05 (SOL) | 4,888 | 5,132 (SOL) | |
| VALFRÉLANDIA | 5 May 2022 | 0.12 (ETH) | 10,000 | 1,200 (ETH) | |
| Thicc Frens | 8 May 2022 | 0.06 (ETH) | 5,555 | 333.3 (ETH) |
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 | Bull Run Crew | $1.4M | |
| Solanart | Degenerate Ape Academy | $15,863 | |
| OpenSea | Otherdeed for Otherside | $565,754,266 |
Share with Friends
Related Articles
Market Pulse - YESTERDAY
🚀 Global crypto owners reached 700 million in April; Crypto.com obtained the restricted dealer registration in Canada
GameFi - 16 May 2025
NFT & Gaming — 💰 Loaded Lions: Mane City Season 3 started with an initial US$20,000 prize pool; Doodles launched its ecosystem token, DOOD
DeFi - 14 May 2025
DeFi & L1L2 Weekly — 🤝 Dubai and Crypto.com partner on crypto payments for government services; ETH rose over 20% after the Pectra upgrade
Ready to start your crypto journey?
Get your step-by-step guide to setting upan account with Crypto.com
By clicking the Submit button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
