🐻 NFT Bear Market Going Strong, Fortune Magazine NFT drop
Decentraland introduced “in-world builder” system, Axie Infinity reached ~1M daily active users💎
Dear NFTimer,
Prices are going up again🚀 ETH back to over $3,000 the first time since May, and Bitcoin seeing $45,000.
Artist pplpleasr teamed up with Fortune Magazine for an NFT drop which went live on August 6th. In the behind-the-scenes video, pplpleasr said, “the higher level concept of the cover art is to compliment their tag line: crypto vs. wall street… So the art is meant to represent this concept of a portal or going down the rabbit hole of crypto and the metaverse.”
The “rarest” punk, CryptoPunk 8348 with 7 attributes was offered to sale for 60,000 ETH ($171.87M USD) by Seed Phrase. No big deal😅 NFT weekly volumes are soaring, and we saw $375 million during the week of 7/25.
🎨 NFTs
Zora’s permissionless auction house for Punks, Punks.House, did $23 million in bid volume in its first 24 hours. If you can’t buy one, but want to rent one to show off on Twitter, Cryptopunk.rent got that covered.
The one who holds the Courtside Cat token from VeeFriends will be invited to attend one New York Knicks game per year for three years to sit courtside with Gary Vaynerchuk. The latest offer is 10 ETH.
Counter offer feature is introduced in KnownOrigin! Now the buyer and seller can communicate through bids.
Bored Ape Yacht Club floor price is now at 10 ETH.
Rarible is introducing p2p orders with DEX contracts.
Marvel’s doing its first NFT collectible drop on the VeVe marketplace this month. Spider-Man digital sculptures were released last weekend, and more NFTs with different characters will be coming throughout this month.
Christie’s will auction Bored Apes, Meebits, and more CryptoPunks in September.
Fortune Magazine ranks most influential builders, creatives, and influencers on NFT space.
MakersPlace raises $30 million in Series A funding. Investors include Larry Fitzgerald, Eminem, Coinbase Ventures and more.
🔮 Metaverse News
Cryptovoxels listing more parcels using Dutch auction style.
Decentraland introduced “in-world builder” system, which enables LAND owners to edit their scenes in real-time.
🎶 Music
Wu-Tang Clan rapper and songwriter Method Man is launching an NFT comic book series that will come with exclusive digital unlockable contents. The first part of his Tical World saga is called “Part One: Origin” and includes original artwork, animations, and music.
Previously unseen photographs of Chris Cornell’s last photoshoot, titled “The Last Session,” are up for auction as NFTs. His family and friends wanted to immortalize his legacy. Part of the proceeds will go to Phoenix House, a non-profit that offers rehabilitation programs for addiction.
👾 NFT Games
Axie Infinity reached ~1M daily active users. WOW🤯 It also became the first NFT project to reach $1 billion in all-time trading volume!!
The team behind NFT20, Very Nifty, released a new update on its Mooncats-focused Cudl.finance game.
Parallel is a card game built on Ethereum that first came out in late March but had been blowing up recently. Not only the artwork on the cards is pretty amazing, but the story of different human groups across the galaxy is exciting. It offers liquidity, trading, and other creative ways to use the cards/digital assets online. Check out the WTF is… Parallel post to learn more about the gameplay.
24 crypto gaming companies raised $476 million in the first half of 2021, which amounts to 9% of the total investment value during that period.
⚽️ Sports
NBA Top Shot will sell NFTs in-person at summer league games starting next week in Las Vegas. Fans can get their NFTs from a kiosk and the collectibles will be dropped to their accounts later.
🔥 What else is hot?
Yield Guild Games is looking for an Esports Team Manager and a Creative Art Director.
Check out this amazing NFT hierarchy of needs, pretty accurate.
Meebit 9452 was bought for 149 ETH. ($450,000)
SuperRare acquired summer.jpg by XCOPY for 336.529 ETH ($834,773.65)
Punk 7252 bought for 1,000 ETH. ($2,513,010.01 USD)🧟♂️
Miami is launching its own cryptocurrency … MiamiCoin. Money raised will be used to fund projects in the city.
📖 Reading List
Yearn Finance dropped The Blue Pill, a ‘spiritual guide for the past, present and future of Yearn.’ Check it out here.
Let’s do a light reading… which is watching informative videos for me.
One of my favorite videos, Defiant’s Guide to Digital Art and NFTs:
Tell me what you’re working on in the discussion thread! I’ll make sure to check it out, and maybe you’ll get a feature in the next NFTimes edition!
If you like this newsletter, please share it with your friends or whoever you think might like this. Meanwhile, follow timely news on Twitter. See you next week.
Aleyna