đš NFT Card Game gets $500 million valuation, Coinbase snatches exclusive partnership with NBA
Andrew Yang, the Wolf of Wall Street, and Mindy Kaling enters the NFT space đ¤
Dear NFTimer,
Facebook is changing its name to align more with its new goal on the horizon: Becoming a metaverse company. They launched a pilot program of their digital wallet Novi this week but immediately got a lash-back from Senator Elizabeth Warren and others, telling Zuckerberg to âimmediately discontinueâ the program. Facebook already has a bad look at the moment, and so does crypto in the eyes of senators. Not sure if this is the best combo for them.
While we saw all-time highs this week for Bitcoin and (almost) Ethereum, floor prices of NFT collectibles projects are down. Bored Ape dropped by a third, Meebits is down 50%, and the disrupter Lootâs floor is down by 80% during this week. 0N1 Force, Mekaverse, CrypToadz, Pudgy Penguins, and Mutant Apes went down at least 45% below their ATH floor prices. Most of them climbed back up throughout the week, but a floor drop doesnât have to be a bad thing. Honestly, floors were so high that all these projects were just closed to newcomers. This might shake things up a bit and might be good in the long run as it might recruit more people into the space!
Here I am reminded by what Artur Sychov from Somnium Space told in the âEverything Thatâs Wrong With NFTâsâ panel on Defiantâs YouTube channel. He asked, what is it in these projects that one website and a roadmap results in millions of dollars of trading each week. What is being traded here? He raised very important points that I think people in crypto sometimes forget with the hype of the space. If you didnât watch it, please go do so. If not for the discussion, you need to see Artur's flex level joining the panel from Somnium and showing us a glimpse of VR's future.
Dive inđđź
đ¨ NFTs
Welcome to Fresh Mint, where you can buy Martha Stewartâs NFTs. The NFTs are showcased via the Fresh Mint website, but the sales and auctions actually take place on OpenSea. She is selling some Halloween-themed photographs of herself, as well as a âCarved Collectionâ where collectors can bid to get their favorite NFT carved into a pumpkin and receive a signed note from Stewart.
Rob Prior is auctioning âThe Legacy Collection: Portraits of Stan Leeâ and the buyers of the NFTs will receive both the NFT and the artistâs original physical painting.
Welcome Mindy Kaling to the crypto Twitter!
Forgotten Runes Wizardâs Club is getting its own TV show!
A new collectibles project Doodles launched and became one of the favorites. So far, it did 12.7K ETH worth of trading volume, and I must say, with so many projects looking so similar (no shade), looking at Doodles was refreshing.
Twitter is working on Collectibles tab to bring NFT authentication.
MyCrypto launched its NFT dashboard.
Former presidential and New York mayoral candidate Andrew Yang released an NFT with BanklessDAO after appearing on their podcast. He told Bankless that he wanted to make Forward Party a âcrypto party.â
Artist Stellabelle is launching CryptoStellas NFTs on Halloween.
Manifold launched Royalty Registry! You can check royalties for any NFTs, and it supports Rarible, Foundation, Manifold, and EIP2981 royalty standards.
During the Lisbon conference hackathon, @sylvechv and @wraitii built briqs, composable building blocks stored as NFTs that you can assemble to create sets of buildings.
How do you like this app to view your NFTs?
Entrepreneur Jordan Belfort, âthe Wolf of Wall Street,â entered the NFT space by buying a CryptoPunk.
Fidenza creator Tyler Hobbs sold $7 million worth of NFTs titled âIncomplete Controlâ for his in-person minting event/exhibition in New York on December 9.
đś Music
Music is just getting started. There are so many possibilities ahead! Artist Grady sold one song on Catalog Works for 8.1 ETH, which is equivalent to 730,000 streams & itâs free to listen.
Wu-Tang Clanâs one-of-a-kind album âOnce Upon a Time in Shaolinâ was created as a protest against the devaluation of music in the digital era. Now, the album is bought by PleasrDAO, a collector DAO, for $4 million.
Check out this amazing and comprehensive list of Music NFTs sold, prepared by Studio Nouveau. The list starts from 2016đŽ
The platform founded by Tom Brady, Autograph, added The Weeknd (Abel Tesfaye) to its board of directors as it prepares to launch music collectibles.
đž NFT Games
Animoca Brands, which invests in NFT-focused projects and publishes its own crypto games, raised $65 million at a valuation of $2.2 billion. The Executive Chairman Yat Siu told Decrypt that tech firms such as Facebook are threats to an open metaverse.
Ex-Riot Gamers Brian Cho and Jason Yeh are launching Patron and raised $90 million to invest in web3 games.
The NFT sci-fi card game Parallel raised $50 million at $500 million valuation from Paradigm.
â˝ď¸ Sports
Coinbase will be the âexclusive cryptocurrency platform partnerâ for NBA, WNBA, NBA affiliate leagues and USA Basketball. You can already catch Coinbase branding on TV during the games.
Leading digital sports entertainment and gaming company Draft Kings is partnering with Polygon.
Costacos Collection, an NFT collection dedicated to Baseball player Willie Mays launched today on Nifty Gateway.
đź Exhibitions
The artificial intelligence (AI) art fair in London, âDeeep,â featured some NFT artworks.
deeep⢠is delighted to announce its collaboration with KnownOrigin! The collection is a series of artworks by pioneering artists on KnownOrigin expanding their palettes to probe the possibilities of digital and virtual tools. Pop down to the event today for our last day!
đĽ What else is hot?
UKâs Financial Conduct Authority (FCA) launched a campaign on YouTube and TikTok warning young people about the risks of investing in cryptocurrencies.
We had a subsection of đ§ŞSCIENCE NEWS𧪠once before, and here we are again! Professor of Neurobiology at Stanford, Andrew D. Huberman, tweeted that several laboratories are starting to sell NFTs as an alternate source of research funding. I can imagine that people would want to buy the first-ever image of a certain cell.
Reddit will be building its own marketplace, as discovered from a job posting for âSenior Backend Engineer, NFT Platform.â
Learn more about Zora here.
Dive into the Loot-verse on their new website.
Scam alert!đ¨ Be careful buying Art Blocks on OpenSea. A fake one found a way into the verified collection.
Ross Ulbricht, who is imprisoned in 2013 for his crimes of operating darknet market website Silk Road, will be selling some of his artworks as NFTs with proceeds going to charities that help prisoners and their families, and some going to help him regain his freedom.
Mutant Ape Yacht Club merch is dropping on Friday 10/22.
CreatureToadz Discord got hacked. However, the hacker returned all the funds.
Tech billionaire and PayPal founder Peter Thiel said that he âunderinvestedâ in Bitcoin and said, âBitcoin at $66,000. Is it going to go up? Maybe,â in a Lincoln Network event in Miami.
Teslaâs Bitcoin holdings earned the company $1 billion in profit due to the recent surge in Bitcoin prices.
The Facebook whistleblower Frances Haugen said she is financially âfine for the foreseeable futureâ because she âbought crypto at the right time.â She also told the New York Times that she âhas accepted help from nonprofit groups backed by Mr. Omidyar (founder of eBay) only for travel and similar expenses.âÂ
A project titled Worldcoin came up this week. Worldcoin is onboarding more people into crypto by giving out free coins to anyone who scans their eyes on a device called âthe Orb.â It creates a short numeric code that identifies you and gets rid of bots and false accounts. Edward Snowden was NOT happy about it.
đ Reading List
âNFTs, Social Tokens, DAOs+Books- Upgrading The Publishing Spaceâ by Ian LeViness
âAre NFTs Frigid Stars?â by Xenogothic
𤪠Cool fun beans
âCryptoart Monetization Generationâ by Matt Kane is bought by Starry Night Capital for 320 ETH ($1,236,076).
âRARE PEPE WALLET ReDuxâ by Coldie bought by Vince Van Dough for 56.9 ETH ($214,042).
Bored Ape #8585 bought for 696.969 ETH ($2.7 million).
The days when there was a shortage of crypto artists⌠Check out this âBlockchain Artists Wantedâ article.đ
𧾠Threads
Tell me what youâre working on in the discussion thread! Iâll make sure to check it out, and you might get a feature in the next NFTimes edition!Â
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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.