Weekly NFT Update (Week 9, 02/03/2022 – 08/03/2022)

South Korean presidential hopeful sends out 22,000 NFTs to sway voters. Ukraine receives a donated CryptoPunk. Watch for our NFT drop that gets you a pizza IRL.

Mar 09, 2022
Nft Newsletter Image

Key Takeaways

  • On 7 Mar, Dolphin Entertainment announced its partnership with the Ethereum NFT collection ‘The Flower Girls’, aiming to create scripted and unscripted TV series, books, games, music, events, and merchandise inspired by the collection. The Flower Girls has recently been making waves in the NFT market, with high-profile holders such as Gwyneth Paltrow, Eva Longoria, and Gary Vaynerchuck.
  • In an attempt to sway young voters, South Korean presidential candidate Yoon Suk-yeol issued over 22,000 NFTs, which featured images and videos of himself. The plan was to issue 22,239 NFTs in total, with 4,000 NFTs minted so far on the Aergo blockchain and sold through the South Korean NFT marketplace CCCV.
  • A sought-after NFT CryptoPunk is the latest donation to war-torn Ukraine’s USD 33 million campaign. On 3 Mar, it was confirmed that CryptoPunk #5364 has been transferred to Ukraine’s Ethereum wallet and was estimated to be worth $200,000. 
  • LooksRare recorded a +15% increase in sales and a -20% drop in transactions. OpenSea recorded a -27% decrease in sales and a -18% drop in transactions. 

Crypto.com NFT in the Spotlight

  • Miriampersand is a talented designer, illustrator, and cartoonist, boasting a host of clients such as The New York Times, GQ, Mini, and Condé Nast Traveler. Through her latest NFT collection ‘Rites of Passage’, she invites you to look inside yourselves and dare to know more about life itself. Her creation will take you on a journey to enter into these ‘magical realms’ for the first time – then a rite of passage begins.
  • Is it really a food NFT if you can’t eat it? ‘Petroni’s Pizza Party’ is an edible NFT collection and the first of its kind, delivering on utility AND deliciousness. The NFT artwork blends claymation and real-life ingredients to recreate Chef Christian Petroni’s infamous Garlic Butter Sicilian Pizza. This collectible piece gets you a real-world slice of his legendary pie and invites you to reap the benefits of being part of his Gabagool gang, which includes access to exclusive Petroni’s Pizza events, merch, and airdrops.
  • ‘Genus’ is a project portraying the wide spectrum of gender represented through the flower’s reproductive system. Created by the visual artist Paloma Rincón, this is a series of 10 images that  shows the diversity of a wide variety of specimens through super high-resolution close-ups focusing on their reproductive organs. The subjects are shot interacting with liquids and colored lights using macro photography, revealing a world that the naked eye can’t see. They become big enough that you can recognise the cell structure and the fascinating world hidden inside of them. The resulting images show the beauty of nature from a unique point of view.

Highlights

Transaction Volume Benchmark

PlatformWeekly Volume USDWeekly Volume WoW (%)YTD Volume USDAll-Time Volume USDTransaction Count #Transaction Count WoW (%)Average Price USD Average Price WoW (%)
LooksRare$593M+15%$19.19B$19.19B4,465-20%$133K+45%
OpenSea$0.65B-27%$11.55B$27B764,347-18%$845-11%
X2Y2$0.83M-72%$12.11M$12.11M2,407-65%$343-19%
NBA Top Shot$5.02M-43%$112.01M$937.44M270,971-32%$18-16%
Solanart$1.29M+10%$406.24M4,656-26%$276+49%
PlatformLooksRare
Weekly Volume USD$593M
Weekly Volume WoW (%)+15%
YTD Volume USD$19.19B
All-Time Volume USD$19.19B
Transaction Count #4,465
Transaction Count WoW (%)-20%
Average Price USD $133K
Average Price WoW (%)+45%
PlatformOpenSea
Weekly Volume USD$0.65B
Weekly Volume WoW (%)-27%
YTD Volume USD$11.55B
All-Time Volume USD$27B
Transaction Count #764,347
Transaction Count WoW (%)-18%
Average Price USD $845
Average Price WoW (%)-11%
PlatformX2Y2
Weekly Volume USD$0.83M
Weekly Volume WoW (%)-72%
YTD Volume USD$12.11M
All-Time Volume USD$12.11M
Transaction Count #2,407
Transaction Count WoW (%)-65%
Average Price USD $343
Average Price WoW (%)-19%
PlatformNBA Top Shot
Weekly Volume USD$5.02M
Weekly Volume WoW (%)-43%
YTD Volume USD$112.01M
All-Time Volume USD$937.44M
Transaction Count #270,971
Transaction Count WoW (%)-32%
Average Price USD $18
Average Price WoW (%)-16%
PlatformSolanart
Weekly Volume USD$1.29M
Weekly Volume WoW (%)+10%
YTD Volume USD
All-Time Volume USD$406.24M
Transaction Count #4,656
Transaction Count WoW (%)-26%
Average Price USD $276
Average Price WoW (%)+49%
* 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
CyberBrokers$32,133,42410,9385,597
Bored Ape Yacht Club$19,431,7608571
CloneX$18,442,176376275
Antonym$17,466,66011,5168,108
Dippies$15,725,24913,0886,784
Project NameCyberBrokers
Weekly Sales (USD)$32,133,424
Transaction Count10,938
Number of Buyers5,597
Project NameBored Ape Yacht Club
Weekly Sales (USD)$19,431,760
Transaction Count85
Number of Buyers71
Project NameCloneX
Weekly Sales (USD)$18,442,176
Transaction Count376
Number of Buyers275
Project NameAntonym
Weekly Sales (USD)$17,466,660
Transaction Count11,516
Number of Buyers8,108
Project NameDippies
Weekly Sales (USD)$15,725,249
Transaction Count13,088
Number of Buyers6,784
* 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
Onna-Bugeisha17 Mar 20220.256,6661,666.5
M101 Shelter13 Mar 20220.067,000420
Groovy Owl Society20 Mar 20220.0410,000400
Project NameOnna-Bugeisha
Sale Date17 Mar 2022
Price (ETH)0.25
Items6,666
Market Cap (ETH)1,666.5
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 NFTUgonzo Art$2,000,000+
SolanartDegenerate Ape Academy$115,121
OpenSeaCyberBrokers$28.27M
PlatformCrypto.com NFT
ArtistUgonzo Art
Sales Volume (USD)$2,000,000+
Sample
PlatformSolanart
ArtistDegenerate Ape Academy
Sales Volume (USD)$115,121
Sample
PlatformOpenSea
ArtistCyberBrokers
Sales Volume (USD)$28.27M
Sample

Tags

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Market

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