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

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

• Dolly Parton creates the ‘Dollyverse’, releases NFTs, book with novelist James Patterson
• Bob Dylan and Miles Davis NFTs planned as Sony and Universal join Solana marketplace Snowcrash
• Tomorrowland to host first mainstage performance by NFT artist
• Katy Perry to drop second NFT collection on Theta
• Pop star Billie Eilish files for NFT and metaverse-related trademarks
• Square Enix enters The Sandbox Ethereum metaverse with Dungeon Siege
• The Sandbox metaverse hits 2M users, begins K-pop partnership
• Tencent files for patent related to virtual concerts in metaverse
• Adobe’s Behance adds support for Solana NFTs
• Women of Crypto sells entire NFT collection on the first day
• CryptoPunk NFT Is latest donation to Ukraine’s $33M campaign
• Gama’s NFT marketplace will be the first carbon-negative marketplace
• Healthcare giant CVS files for NFTs and virtual goods trademark
• Rarify receives $10 million from Pantera Capital in funding round
• Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B
• Energy giant Chevron files for NFT and metaverse-related trademarks
• HTC plans to create its own metaverse dubbed Viverse
• Brave browser to give away Bored Ape Yacht Club NFT
• A new NFT grouping is born: Minorities promoting their cultures

Transaction Volume Benchmark

Top Collectibles

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 Name	Sale Date	Price (ETH)	Items	Market Cap (ETH)	Sample
Onna-Bugeisha	17 Mar 2022	0.25	6,666	1,666.5
M101 Shelter	13 Mar 2022	0.06	7,000	420
Groovy Owl Society	20 Mar 2022	0.04	10,000	400

Project Name	Onna-Bugeisha
Sale Date	17 Mar 2022
Price (ETH)	0.25
Items	6,666
Market Cap (ETH)	1,666.5
Sample
Project Name	M101 Shelter
Sale Date	13 Mar 2022
Price (ETH)	0.06
Items	7,000
Market Cap (ETH)	420
Sample
Project Name	Groovy Owl Society
Sale Date	20 Mar 2022
Price (ETH)	0.04
Items	10,000
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.

Platform	Artist	Sales Volume (USD)	Sample
Crypto.com NFT	Ugonzo Art	$2,000,000+
Solanart	Degenerate Ape Academy	$115,121
OpenSea	CyberBrokers	$28.27M

Platform	Crypto.com NFT
Artist	Ugonzo Art
Sales Volume (USD)	$2,000,000+
Sample
Platform	Solanart
Artist	Degenerate Ape Academy
Sales Volume (USD)	$115,121
Sample
Platform	OpenSea
Artist	CyberBrokers
Sales Volume (USD)	$28.27M
Sample