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Weekly NFT Update (Week 20, 18/05/2022 – 24/05/2022)

Opensea launches its new marketplace protocol ‘Seaport’. eBay partners with OneOf to debut its first sports-themed NFT collection. GameStop announces crypto wallet for NFT marketplace.

May 25, 2022
Weekly NFT Update May 2022

Key Takeaways

  • Leading NFT marketplace Opensea recently launched Seaport, a new marketplace protocol that allows users to trade their NFTs with assets other than just payment tokens. According to its blog post, individual NFTs could be specified in a trade, which opens up a new trading experience for NFT holders.  
  • E-commerce platform eBay is launching the Genesis NFT collection, a series of animated 3D renditions of iconic athletes who graced the cover of Sports Illustrated throughout the years. This is in partnership with green NFT marketplace OneOf, which announced in February that it acquired the rights to repurpose SI’s images and offer them as collectibles. 
  • Video game retailer and meme stock company GameStop launched the beta version of its browser-based non-custodial wallet, which lets users securely store, send, and receive cryptocurrencies and NFTs across a wide range of decentralised apps without having to exit their browser tab. This is in line with its plans to launch a gaming-themed NFT marketplace around Q2 2022.  
  • LooksRare recorded a -42% decrease in sales and a +51% jump in transactions from last week. Meanwhile, OpenSea recorded a -32% decrease in sales and a +88% jump in transactions.

Crypto.com NFT in the Spotlight

  • UFC® has partnered with Gian Galang for their first NFT artist collaboration. This “UFC x Gian Galang” drop features portraits of some of the most exciting fighters in the UFC today: Israel Adesanya, Valentina Shevchenko and Conor McGregor. Each portrait was created with acrylic paint on watercolour paper and features an animated colour shift in the digital manifestation of each piece.
  • You could have been a Bored Ape or a Pudgy Penguin or a Gassy Gorilla or a Drunk Badger, but you chose to be a Loaded Lion, the king of the CRO jungle. Now show pride in your pride with the first ever “Own Every Word x Loaded Lions: Expansion Pack” featuring 100 totally unique 1-of-1 words that roar off the screen. This drop is exclusive to Mane Netizens holding a Loaded Lions NFT.

Highlights

Transaction Volume Benchmark

Screen Shot 2022 05 25 At 7.07.51 Pm

Top Collectibles

Screen Shot 2022 05 25 At 7.08.53 Pm

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 CapSample
Country Ape Squad1 June 20220.3 (ETH)10,0003,000 (ETH)
Anim4rt29 May 20220.3 (ETH)10,0003,000 (ETH)
MetaSea Pirates30 May 20221.5 (SOL)5,5508,325 (SOL)
Sol Coin Collections11 Jun 20221.00 (SOL)7,0007,000 (SOL)
Pepe Frens10 June 2022200.00 (CRO)750150,000 (CRO)
Project NameCountry Ape Squad
Sale Date1 June 2022
Price0.3 (ETH)
Items10,000
Market Cap3,000 (ETH)
Sample
Project NameAnim4rt
Sale Date29 May 2022
Price0.3 (ETH)
Items10,000
Market Cap3,000 (ETH)
Sample
Project NameMetaSea Pirates
Sale Date30 May 2022
Price1.5 (SOL)
Items5,550
Market Cap8,325 (SOL)
Sample
Project NameSol Coin Collections
Sale Date11 Jun 2022
Price1.00 (SOL)
Items7,000
Market Cap7,000 (SOL)
Sample
Project NamePepe Frens
Sale Date10 June 2022
Price200.00 (CRO)
Items750
Market Cap150,000 (CRO)
Sample
* Collectibles data from Rarity Tools, Crypto.com

Top Artists

PlatformArtistSales Volume (USD)Sample
Crypto.com NFTCyber Cubs$336,100
Magic EdenTrippin’ Ape Tribe$13,256,068
OpenSeaOtherdeed for Otherside$30,014,670
PlatformCrypto.com NFT
ArtistCyber Cubs
Sales Volume (USD)$336,100
Sample
PlatformMagic Eden
ArtistTrippin’ Ape Tribe
Sales Volume (USD)$13,256,068
Sample
PlatformOpenSea
ArtistOtherdeed for Otherside
Sales Volume (USD)$30,014,670
Sample

Tags

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cryptocurrencies

NFT

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