🎙️ Masterminds of HipHop drop, $7 million Art Blocks sale
How to get your own Noun, BAYC token is coming, Is MekaVerse suspicious?🤔
Dear NFTimer,
Very exciting news from Mirror! Finally, everybody can use the platform - it’s open! Mirror is a web3 publishing platform that used the $WRITE Race to onboard people to its platform before. Think Medium, but web3.
Sotheby’s tweeted about their second NFT sale - ‘Natively Digital 1.2: The Collectors.’ It will focus on the OG supporters of NFTs by showcasing 52 NFTs from 19 collectors, including WhaleShark, SeedPhrase, Paris Hilton, Pranksy, and Steve Aoki.
🎨 NFTs
Visual artist Oficinastk sold “Bad Flavour” by XCOPY for 515 ETH, with the plan of distributing the money between all the artists they represent on the TCBA Collection.
Isn’t it always fun times with NounsDAO? Maybe it’s the beautiful continuation of the project; maybe it’s the cute visuals. Well, we can all have one now! Synthetic nouns are pseudo-randomly generated using the Ethereum wallet address as the seed. See what you have from here, and comment yours on Twitter under this tweet! Here is mine:
A supposed 17-year-old 3D digital artist promised “quality art” in his NFT collectibles project Iconics, but then pulled the rug and left the project with 1000 SOL. ($138,000) Instead of the artwork, buyers received random collection of emojis.
CrypToadz floor price is all the way up to 10.25 ETH. Cozomo de Medici got himself #4236 for 140 ETH, and the NFT fund Starry Night Capital got #5634 for 135 ETH. 🐸
Bored Ape Yacht Club told that the BAYC token is set to launch early next year. They are working with Horizen Labs and Fenwick & West LLP to develop the necessary plans to launch the token. The tweet said, “It's stupid easy to launch an ERC-20 token; it takes minutes. It’s much more complicated to construct a legally compliant token and set it up in a responsible, sustainable way.”
BAYC was big. Then Pengus were big. Toadz got big.
But no project got this big before the launch even happened — there was 250K members on Discord. That’s the cap! MekaVerse is a series of 8,888 NFT profile pictures inspired by Japanese anime series. Original minting price was 0.2 ETH, and the project made over $60 million worth of ETH in less than a day. To be honest, this scale seems quite impossible, so while I know people will make some $$, I will stay suspicious for a bit. How is the floor price 6.1 ETH, and there has been 18.1K volume on OpenSea FOR NFTS WE HAVEN’T SEEN YET😑 (or maybe she is just mad she couldn’t get one).ARTECHOUSE is launching a collectible NFT from the immersive digital art exhibition Geometric Properties with Julius Horsthuis on October 26th.
Bitcoin can’t run the code needed to operate NFTs, or decentralized apps because it lacks the smart contract capabilities that Ethereum and most other networks have. Stacks might be a solution for this. It is a blockchain that runs smart contracts, rolls up its transactions, and then settles them on Bitcoin. 12-year-old Abraham Finlay launched Bitcoin Birds, and while the volumes are tiny compared to NFT transactions on Ethereum, it’s a start.
🔮 Metaverse News
Cryptovoxels rolled out a guestbook feature and also listed 50 new parcels.
🎶 Music
Russel Simmons and Snoop Dogg are launching an NFT collection called Masterminds of HipHop. The collection will feature animations and audio of hip hop legends like the likes of Chuck D, Doug E. Fresh, MC Sha-Rock, Grandmaster Caz, and Eddie Cheeba.
💃🏼 Fashion
Loot owners can now wear the items in their bags for 420 $AGLD on MetaFactory.
👾 NFT Games
Sky Mavis, the creator of the largest Ethereum-based game, and the largest NFT project Axie Infinity, raised $152 million in a Series B round led by Andreessen Horowitz. General partner at Andreessen, Arianna Simpson, will join Sky Mavis’ board.
Axie Infinity tells that “DEX is mission critical.” They believe decentralized exchange will unlock their next phase of growth and ease playing Axie.
CUDL, a game where users pet a cute NFT that lets you mine $CUDL tokens as it grows, went live on Arbitrum.
🎥 Movies
An NFT film titled “The Right To Create” by Jeff Zavala is up for auction on OpenSea.
🔥 What else is hot?
Swift Mint now allows minting multiple NFTs. Minting on SwiftMint is free and carbon neutral.
The founder of MakerDAO, Rune Christensen, published “The Case for Clean Money” where he talks in length about how issuing a DAI stable coin could be used to drive investment in clean energy sources at a global scale. He says that it would be both good for the environment and a good investment. He writes, “Maker and Dai can coordinate the global build-out of sustainable energy pathways by funneling billions of dollars into senior credit positions for projects that will build solar farms, wind turbines, batteries, recharging stations and other cost-efficient renewable energy solutions, as well as their supply chains, sustainable resource extraction and recycling.” 🌱
After CEO Adam Aron’s inquiry on Twitter, AMC Theatres announced that it now also accepts Dogecoin as payment for its digital gift cards, up to $200 per day.
Asset management firm Arca announced launching Arca Endeavor Fund, a closed-venture fund focused on investing in the digital asset space.
Cozomo de’ Medici is not happy with people sending jpgs to his wallet. If anything, if you do send it, he says he would never support such a project:
Trading volume on OpenSea reached $136.8 million last Sunday, on October 3rd. It then surpassed again by seeing $156.9 million on Monday. A big driver was CrypToadz.
Every time Vitalik makes a statement, it’s important for this community. Bear with me: A Reddit user on the r/cryptocurrency subreddit posted: "Unpopular opinion: El Salvador president Mr Nayab Bukele should not be praised by crypto community," Buterin replied: "Nothing unpopular about this opinion. Making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space. This tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I'll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him."
📖 Reading List
“This Independent Music Artist Raised 100k in 1 Hour For His EP” by me!
“Social Tokens and Creator-Centric Economies” by Rex Woodbury
“Wait it’s all coordination? Takeaways from MCON” by Mark Redito
“Artworld Ethereum” by Rhea Myers. It’s one of the earliest posts about art & ethereum - if not the earliest.
“Crypto Endangered: Confronting An Existential Threat” by Connor Spelliscy and Holmes Wilson
🤪 Cool fun beans
Both Cool Cats and CrypToadz made their first secondary market NFT sale above $1 million equivalent of ETH this week. CrypToadz #2155 sold for 300 ETH, and Cool Cat #1490 for 320 ETH. 😎
“Some Asshole” by XCOPY was bought by Cozomo de Medici for 1300 ETH ($3.7 million)
Ringers #109 bought for 2,100 ETH. ($7 million) 😰
Tyler Hobbs announced that he has a new project on the way.
Jay Pegs Auto Mart is an NFT project by NGMI Global, and is selling jpgs of 2007 Kia Sedonas with minor variations like eyeballs for wheels, garbage bags, or traffic lights on the roof. Yes, it’s a little weird. Huge meme energy. 🛻
A tweet mocking NFTs is turned into an NFT titled “Have fun staying poor” and sold for 1.5 ETH.
CrypToadz #4236 purchased by Cozomo de Medici for 140 ETH. ($500,000)
Patient Panda was purchased for 50 ETH ($180,945)
Some thoughts on money, investing, and saving by Ndamukong Suh🧵:
Tell me what you’re working on in the discussion thread! I’ll make sure to check it out, and you might get a feature in the next NFTimes edition!
If you like this newsletter, please share it on social media and with your friends. Meanwhile, follow timely news on Twitter. See you next week.
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Disclaimer: Investing in NFTs comes with inherent risk including technical risk, human error, platform failure and more. This newsletter is strictly educational and nothing we offer is financial advice. We are not professionals or licensed advisors.