🚀Loot goes to space on Terra, Doge meme is now worth $336 million
NFT collectibles for the new movie Dune; Anthony Hopkins’ movie Zero Contract's trailer released🎬
Dear NFTimer,
Welcome to another week of NFT news. From auctions at Christie’s to Sotheby’s, and Loot mania spreading, it has been a good week!
Christie’s is auctioning pieces from Art Blocks Curated as part of the Post-War to Present auction in New York on October 1st. The bidding for Art Blocks will be conducted live in ETH—a first for any leading auction house.
NFT collectible projects inspired by Bored Ape Yacht Club and Pudgy Penguins are selling fast on Solana. Moonrock Capital bought the 13th rarest Degenerate Ape Academy -Solana-based NFT- for $1.1 million yesterday.
Let’s dive in!
🎨 NFTs
Bored Ape Yacht Club auction at Sotheby’s sold 101 Apes for $24.4 million USD.💰
CryptToadz, a collectibles project by the artist behind NounsDAO, launched this week.
Zapper now supports NFTX, a platform for creating liquid markets for illiquid NFTs.
Category is… GAS FEES. We all know them. We all hate them. They have been pretty high recently. So it came to mind, did EIP-1559 raise gas prices? Turns out, the answer is no. Check out this thread for an in depth analysis. One of my all time favorite sayings, Correlation Does Not Mean Causation!
Meet FIRST, satirical on-chain generative text NFT about NFT firsts! The minting fee was 0.01, and proceeds go directly to GiveDirectly.org charity.
A bug in the OpenSea marketplace led to the burning of at least 42 NFTs, worth at least $100,000, including the first ENS name ever registered by the ENS developer Nick.eth.
You can now make counter-offers on Opensea.
NFTs of random numbers hit $40 million market cap! Inspired the Loot project, the N Project gives you numbers between 0-14 and tells to use it however you want.
The Doge NFT that PleasrDAO bought for $4 million in June is now worth $336 million after fractionalizing the NFT into 16,969,696,969 fungible DOG tokens via fractional.art.
Bloot, or Based Loot, follows the footsteps of Loot, and replaces the medieval treasure of Loot NFTs with memes and funny outfits like, “ERC-20 Poor’ Maxi Skirt of Rugging,” “Genesis Armor of 1000 Troll Tears,” and “Baguettes of Shit.” The floor right now is at 0.45 ETH.
FTX is coming close to launching its own marketplace, and the CEO Sam Bankman-Fried put up a hand written word ‘Test’ to auction suing a graphic editor program he started on FTX. “Test” sold for $270,000 USD.
“Yield by Stani x Sven Eberwein” was bought for 350 ETH ($1.1 million USD). What’s different is the owner of this NFT will receive the winning bid amount and 10% yield back by returning this NFT to the creator on October 31st.
Loot goes to space on Terra. The SpaceLoot NFTs are a “starship for your interstellar journey,” and the NFTs were given away for free. SpaceLoot became the first blockchain project on programmable blockchain Terra.
Vine co-creator and Loot creator Dom Hofmann’s new project WAGMIGOTCHI is an on-chain pet that people need to spend gas to keep it alive. People can call the functions, clean(), feed(), play()or sleep(), and people did by spending $52,318 in gas fees to take care of the pet. Caretakers get LOVE tokens in return.
🔮 Metaverse News
Alpha Finance Lab is launching Provably Rare Gems, in short GEMs, in collaboration with swit.eth. Provably Rare Gems are ERC-1155 tokens for gemstones for use in the metaverse. Learn more about it here.
Enter into this VR Metaverse:
🎶 Music
Songwriter, rapper, and singer Doja Cat released her NFT on Tezos-powered platform, OneOf. Tezos token, XTZ, has risen by more than 24%, after the news. She told that she chose to launch with Tezos because it uses proof-of-stake, thus making it more environmentally friendly.
👾 NFT Games
Ak, the creator of Axie Infinity scholarship, told about his experience on the first anniversary of the project.
ZEBEDEE, a Bitcoin gaming startup, has raised $11.5 million in Series A funding. The project allows game developers to implement Bitcoin payments for rewards, wagering, and more.
⚽️ Sports
The Spanish soccer/football league LaLiga goes into NFTs. They signed an exclusive partnership deal with Sorare to issue NFTs for all of its players.
UCLA Bruins men’s collegiate basketball player Jaylen Clark is launching his own cryptocurrency called JROCK. Clark partnered with Rally, a platform that makes it easy for creators to launch their own social tokens.
🎥 Movies
Anthony Hopkins’ movie “Zero Contract” will be released as an NFT through digital distribution and viewing platform Vuele. When you buy the movie as an NFT, you will actually own it, which is different than if you buy a movie on Amazon Prime, you don't actually own it. The trailer just got released!
Legendary Pictures will release NFT collectibles for the new movie Dune on MakersPlace platform. Dune: Digital Artifacts got a backlash because of the environmental issues of NFTs, while fans of the book cited NFTs go against the whole point of the novel as the novel have been praised as a “climate fiction pioneer.”
🔥 What else is hot?
Not sure about the risks you are taking when in crypto? Check out this pyramid from DeeZe to learn more about risk management, and how it applies to NFTs on that thread.
Vitalik: “We need to move NFTs onto the layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.”
Robinhood announced that it will let users to make weekly and daily recurring purchases starting with as little as $1. Christine Brown, COO of Robinhood told Decrypt, “This allows customers to take a long-term approach to crypto.”
A look into the new Genie.xyz UI is revealed. You can sort assets across ALL markets according to the price, and buy, sell, and trade across all NFT and token markets instantly.
📖 Reading List
“Blockchain Bridges: Building Networks of Cryptonetworks” to understand why bridges are important and the current bridge landscape.
“Social Token Paradox”: Community members want their community to be valuable, however, they are incentivized to uphold exclusivity and restrict access. The premise of decentralization is to have the doors open for everyone.
“DAOs… company or community?” by 30,000 Feet.
🤪 Cool fun beans
Pudgy Penguin #6873 purchased for 225.0 ETH. ($782,712.00 USD)
Punk #8857 purchased for 2,000 ETH ($6,629,279.79 USD)
Bored Ape #3749 "The Captain" purchased for 740 ETH by Sandbox.
Highest Forgotten Runes Wizard Club sale to date: 25 ETH.
The top Crypto Punk buyer for the month of September has bought 9 Punks for 968 ETH ($3.6M). The wallet of the buyer has a balance of $150 million in ETH and tokens.
Steve Harvey just changed his profile picture to that of a Solana Monkey Business NFT.
Guess who joined the gang? Oh whatcha say? It’s Jason Derulo. He showed off his new punk!
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
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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.