Weekly NFT Update (Week 8, 23/02/2022 – 01/03/2022)

Rakuten launches their own NFT marketplace. USD 8 million dollar loan collateralised by anonymous NFT collection. Celebrate UFC 272 with new NFT collection.

Mar 03, 2022
Nft Newsletter Image

Key Takeaways

  • On Monday, KPMG Canada shared with the public that it has bought an NFT from the World of Women collection. They said that this move was to “better inform how it advised clients looking into the space” and is subsequent to its latest announcement that it had added Ether (ETH) and Bitcoin (BTC) to its balance sheet. 
  • Japanese e-commerce giant Rakuten recently announced that it has launched its own NFT platform, a dedicated marketplace that allows selling and trading of virtual assets based on Japanese manga and TV shows, and allows IP holders to build their own websites in issuance of NFTs.
  • An anonymous borrower took out an $8 million loan that’s collateralised by their NFT collection. Facilitated by liquidity scaling solution MetaStreet, the transaction was said to have used CryptoPunks NFTs and was billed as the largest-ever NFT-backed loan put up as a collateral to date
  • LooksRare recorded a -34% decrease in sales and a -20% drop in transactions. OpenSea recorded a -22% decrease in sales and a -10% drop in transactions.

Crypto.com NFT in the Spotlight

  • UFC has partnered with Crypto.com to release its fifth NFT collection, ‘UFC 272’, featuring a blockbuster fight of one of the organisation’s fiercest rivalries, Covington vs Masvidal, who will finally be going up against each other at UFC 272 on 6 March 2022. The drop includes 3,000 NFTs that vary in rarity, featuring limited edition shards, posters, and outcome cards based on UFC 272.
  • In her third drop called ‘Celebrations’, digital artist Natacha Einat is sharing her favourite visual metaphors, created with animals. She aims to give a positive perspective of the world with each piece being a celebration of life. She explores magic lands and plays with animals and their surroundings, to convey a feeling of balance and harmony. This collection is inspired by her journey as an artist, discovering passion, motivation, and gratitude. Find and do what you love with all your heart, believe in yourself, especially before anybody else believes in you.
  • ‘I Am Monitorman’ is a series of 3D renders focusing on the journey of “MonitorMan“, an original character designed by Hardstyle and Hard Dance music Producer Luqu Chaos for his upcoming animation project. This series of renders uses a combination of both 3D and cel-shaded techniques to imitate the modern anime style.

Highlights

Transaction Volume Benchmark

PlatformWeekly Volume USDWeekly Volume WoW (%)YTD Volume USDAll-Time Volume USDTransaction Count #Transaction Count WoW (%)Average Price USDAverage Price WoW (%)
LooksRare$514M-34%$18.6B$18.6B5,605-20%$92K-17%
OpenSea$0.88B-22%$10.9B$26.35B929,401-10%$942-14%
X2Y2$2.99M-55%$11.28M$11.28M6,958-71%$429+55%
NBA Top Shot$8.92M-26%$107.18M$932.61M1,294,890-17%$6-10%
Solanart$1.4M-30%$490.03M6,096-23%$230-8%
PlatformLooksRare
Weekly Volume USD$514M
Weekly Volume WoW (%)-34%
YTD Volume USD$18.6B
All-Time Volume USD$18.6B
Transaction Count #5,605
Transaction Count WoW (%)-20%
Average Price USD$92K
Average Price WoW (%)-17%
PlatformOpenSea
Weekly Volume USD$0.88B
Weekly Volume WoW (%)-22%
YTD Volume USD$10.9B
All-Time Volume USD$26.35B
Transaction Count #929,401
Transaction Count WoW (%)-10%
Average Price USD$942
Average Price WoW (%)-14%
PlatformX2Y2
Weekly Volume USD$2.99M
Weekly Volume WoW (%)-55%
YTD Volume USD$11.28M
All-Time Volume USD$11.28M
Transaction Count #6,958
Transaction Count WoW (%)-71%
Average Price USD$429
Average Price WoW (%)+55%
PlatformNBA Top Shot
Weekly Volume USD$8.92M
Weekly Volume WoW (%)-26%
YTD Volume USD$107.18M
All-Time Volume USD$932.61M
Transaction Count #1,294,890
Transaction Count WoW (%)-17%
Average Price USD$6
Average Price WoW (%)-10%
PlatformSolanart
Weekly Volume USD$1.4M
Weekly Volume WoW (%)-30%
YTD Volume USD
All-Time Volume USD$490.03M
Transaction Count #6,096
Transaction Count WoW (%)-23%
Average Price USD$230
Average Price WoW (%)-8%
* 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
Invisible Friends$71,610,7497,7656,457
3Landers$24,941,6164,2972,725
Bored Ape Yacht Club$24,679,5698881
Tubby Cats$17,546,27710,2255,191
CryptoPunks$16,925,1188245
Project NameInvisible Friends
Weekly Sales (USD)$71,610,749
Transaction Count7,765
Number of Buyers6,457
Project Name3Landers
Weekly Sales (USD)$24,941,616
Transaction Count4,297
Number of Buyers2,725
Project NameBored Ape Yacht Club
Weekly Sales (USD)$24,679,569
Transaction Count88
Number of Buyers81
Project NameTubby Cats
Weekly Sales (USD)$17,546,277
Transaction Count10,225
Number of Buyers5,191
Project NameCryptoPunks
Weekly Sales (USD)$16,925,118
Transaction Count82
Number of Buyers45
* 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
Lunar Colony Alpha3 Mar 20220.0810,000800
M101 Shelter13 Mar 20220.067,000420
Groovy Owl Society20 Mar 20220.0410,000400
Project NameLunar Colony Alpha
Sale Date3 Mar 2022
Price (ETH)0.08
Items10,000
Market Cap (ETH)800
Sample
Project NameM101 Shelter
Sale Date13 Mar 2022
Price (ETH)0.06
Items7,000
Market Cap (ETH)420
Sample
Project NameGroovy Owl Society
Sale Date20 Mar 2022
Price (ETH)0.04
Items10,000
Market Cap (ETH)400
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$201,254
OpenSeaInvisible Friends$74.12M
PlatformCrypto.com NFT
ArtistTravis Ragdale
Sales Volume (USD)$2,000,000+
Sample
PlatformSolanart
ArtistDegenerate Ape Academy
Sales Volume (USD)$201,254
Sample
PlatformOpenSea
ArtistInvisible Friends
Sales Volume (USD)$74.12M
Sample

Tags

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Market

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