The Avalanche Foundation has launched a new mentoring initiative for digital artists, and Ticketmaster has introduced a new feature allowing artists to reward NFT holders.
Čítaj viac
Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021.
Čítaj viac
Dormant PunksNonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices.The wallet has shown no activity since then leading to speculation the owner lost the seed phrase. The wallet is placed in the top ten in terms of CryptoPunks holders and many collectors are reportedly monitoring it in hopes of snapping up a bargain.1/ This wallet minted 141 Punks for 0.0207 ETH, estimated to now have a value of over 11 thousand ETH However, the wallet has had no activity since, for both NFTs and crypto (other than receiving fake tokens)Lost their seed phrase? pic.twitter.com/Piqe6Epl1W— Nansen Intern (@nansen_intern) October 17, 2022CryptoPunks was one of the first collections to launch on Ethereum with 10,000 unique NFTs. CryptoSlam reports that it has been the third-highest collection for secondary sales over the past month with a trading volume of $22.8 million,According to OpenSea, which recently allowed users to submit bulk listings, rare CryptoPunk #9476 sold for a whopping $480,000 (370 ETH) on Oct. 17 proving that the pixelated punks remain popular.Street Machine streets aheadNFT project Street Machine has surged in popularity and price despite a broader downturn in the market.The cyberpunk anime series is a story-based collection designed by award-winning video game artist SpenzerG who was behind the popular PlayerUnknown’s Battlegrounds (PUBG) online shooter.It is inspired by sci-fi, cyberpunk, and anime pop culture, centering around a sprawling story with an online graphic novel theme.The collection launched on OpenSea on Oct. 7 and has since surged in volumes and average prices. There are 8,000 story character NFTs in the collection and the floor price is currently 0.473 Ether (ETH), approximately $620.According to OpenSea, the average price at launch was just 0.04 ETH — around $50 — but by Oct. 18 it had increased 900% to 0.44 ETH (around $570) with daily volumes topping 250 ETH, or around $325,000, late last week.The team behind the collection aims to emulate the popularity of Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) with branding, merchandise, and commercial rights for holders.Extremely excited to introduce u to a few of our wonderful community leaders including 3 Street Council and 4 Street Watch members who will be welcoming you in later! We selected these members for their energy, NFT and crypto experience, and love for anime! Say hi to…pic.twitter.com/pDADEO0uUK— Street Machine (@STMachineNFT) October 18, 2022
NFT house sells for $175,000Nonfungible tokens are not just for digital art as an entire house has been sold on OpenSea as an NFT. The South Carolina property was listed on Roofstock, a real estate technology company that combines NFTs with physical property.Related: A slice of the punk: CryptoPunk NFT to be split into thousands of piecesThe three-bedroom home sold for 175,000 USD Coin (USDC) on Oct. 15. Tokenizing property has gained traction over the past year or so as it “creates frictionless transactions, simplifies the process, and makes information more readily available,” according to Roofstock chief blockchain officer Geoffrey Thompson.A crypto-themed house with NFT art included has also been listed on social media for $1.2 million, according to Newsweek.Decentraland Festival with Ozzy OsbourneMetaverse platform Decentraland is set to host its second virtual music festival in November. The free event will be presented by Kraken and will showcase 100 artists including rock legend Ozzy Osbourne, DJ Dillon Francis, and rapper Soulja Boy.It’s the second year of the Metaverses’ music festival, it’s inaugural festival in 2021 attracted 50,000 virtual party-goers over four days and featured around 80 artists.More Nifty News:Anime-themed NFT project Azuki hasreleased a Physical Backed Token (PBT) which is an open-source token standard that connects physical items to digital tokens on Ethereum. According to the Oct. 17 announcement, the PBT intends to enable decentralized authentication and tracking of the full ownership of physical items.The Solana-based Magic Eden NFT marketplace has shifted to optional royalties where buyers can set which royalties they want for a project. This could result in creators not receiving royalties when their artworks are sold and has split the community as reported by Cointelegraph on Oct. 17.
Čítaj viac
Guinness World Records has added Bitcoin (BTC) and a number of blockchain events in the latest edition of its record book under the category of “Cryptomania.”The recognition of crypto by a mainstream staple such as Guinness World Records indicates that blockchain and digital assets were among the most publicly touched-on subjects over the past couple of years. The 2023 edition launched last month, has seen a number of notable crypto achievements included which spanning Bitcoin, crypto adoption, fan tokens, and NFTs. Bitcoin was unsurprisingly recognized as the most valuable cryptocurrency with its market cap of $816.69 billion as of Mar. 24, 2022, while it also got recognition for being the world’s first decentralized crypto after launching in early 2009. “Bitcoin was developed as a solution to the challenge of regulating a digital currency without any centralized organization, or ‘trusted third party’, to oversee transactions,” The Guinness World Records’ description reads online, adding that other attempts had come before that ultimately relied on a trusted third party. OG NFT project CryptoPunks also made the cut for the most “expensive NFT collectible” after CryptoPunk #5822 was purchased for $23.7 million (8,000 ETH) on Feb. 12 this year by entrepreneur Deepak Thapliya. It is worth noting that Beeple’s record $69.3 million record NFT sale didn’t make the cut there, as the firm described an NFT collectible as “limited-edition sets of artwork built around pre-rendered templates.”Fan tokens also appeared as a category in the book. Manchester City’s token — launched via Socios in June 2021 — was recorded as the “most valuable fan token” with a market cap of $47.1 million as of March 24, 2022. El Salvador was also included in the book for being the “first country to adopt Bitcoin as legal tender” in June last year. “It was hoped that this move, which was condemned by the World Bank, would reduce the cost of international transfers — an important consideration for a country that is reliant on money sent home by workers overseas,” it read. A Guinness World Records spokesperson told Cointelegraph that each edition “tries to reflect that year’s zeitgeist and the topics our readers are likely to be discussing,” with crypto joining the likes of space travel and TikTok as key subjects. “We will be watching this space with interest over the next few years, as the technologies that underpin crypto develop and find a wider range of applications,” they said. Related: Walmart CTO says crypto will become a ‘major’ payments disruptorWhen asked about what was the most head scratching and momenutal records from Cryptomania, the spokesperson highlighted the innovation of Bitcoin, noting that it took the company a long time to get its head around it. “Researching this title involved not only figuring out how to describe what a blockchain is […] but also putting into context decades of cryptocurrency research and what made it different to any earlier projects.”Last week, crypto exchange Binance also revealed that it had broken a Guinness World Record after it was recognized for conducting the largest crypto lesson to date, with 289 people in attendance at Blockchain Land Nuevo León on Oct. 7.
Čítaj viac
The company behind the Spartan Race has released a nonfungible token (NFT) collection which will immortalize the names of the initial holders in stone, with plans to build a 35-foot (10.5 meter) statue in Ancient Sparta encircled with 15,000 name-engraved stones.Spartan founder and CEO Joe De Sena plans to bury his ashes under his stone at the site dubbed the “Spartan 300 Memorial” which will pay homage to the ancient Battle of Thermopylae in which 300 Spartans were said to h fought and were killed.Of the 15,000 NFTs, 300 will be “Super Rare” with holders of that NFT type given the option of spreading their ashes over the memorial after their death, which could see it become one of the first NFTcollections to grant someone a final resting place.Owners can sell their NFT on markets such as OpenSea, but it’s unclear if this burial perk is transferred to the new owner.The passes sell for $3,000 and also permit holders up to nine years of unlimited access to all Spartan brand events, including its 70-hour long “Death Race” and its “Tough Mudder” obstacle race, as well as with exclusive merch drops.NFT holders will also be granted access to an exclusive yearly event in which they can train with pro athletes along with testing the fitness brands’ products and obstacles.Star Atlas launches demo on Epic Games storeSolana (SOL) based NFT game Star Atlas has launched its first playable pre-alpha on Sept. 29 through the Epic Games store for owners of its NFTs, allowing them to view in-game vehicles they’ve purchased within the games’ environment.Star Atlas is an open-world space exploration strategy game set in the year 2620 in which players can buy and sell NFTs representative of vehicles such as spaceships, players also mine for resources to sell on the in-game marketplace and join political factions.The “Showroom” pre-alpha demo is powered by the Unreal Engine 5, a 3D creation tool released in April by Epic Games, and is used in its flagship game Fortnite.The Star Atlas developers have also launched an open source tool, The Foundation Software Development Kit (F-KIT), which allows Unreal Engine 5 developers to more easily integrate their titles into the Solana blockchain.Build-A-Bear enters Web3Stuffed animal retailer Build-A-Bear Workshop is entering Web3, partnering with NFT marketplace Sweet to launch its first NFT collection in celebration of its 25th year in business.The NFTs will be minted on the Polygon (MATIC) blockchain and will begin with the October auction of a physical and digital bundle which includes a unique physical teddy bear studded with Swarovski crystals along with its NFT counterpart.A second November auction will offer five silver teddy bear NFTs also accompanied by matching physical counterparts before a December launch of 5,000 NFTs are made available for public mint.CryptoPunk sells for 3,300 ETHA rare CryptoPunk has sold on NFT marketplace OpenSea for 3,300 Ethereum (ETH), worth over $4.4 million, to an anonymous buyer on Sept. 28 marking the fourth-highest sale in terms of ETH spent according to data from DappRadar.Related: NFT trading volume plunges 98% from January despite rise in adoptionCryptoPunk #2924 features rare attributes such as being an “ape” type, of which only 24 exist in the 10,000-strong collection. It also has one “accessory” — a hoodie which is a rarity in the collection, and more so as it is the only “ape” to feature one. The most expensive CryptoPunk ever sold was purchased for 124,457 ETH, worth over $530 million at the time of purchase in Oct. 2021More Nifty News:Warner Music Group announced a partnership with NFT marketplace OpenSea to allow select artists to launch NFT collections on customizable and dedicated landing pages to build their Web3 presence.Facebook and Instagram users in 100 countries can connect their crypto wallets to post and share NFTs across both platforms with parent company Meta supporting digital assets from the Ethereum, Polygon and Flow blockchains.
Čítaj viac
OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in daily volumes as fears about a potential market bubble grow.OpenSea volume plummets to yearly lowsNotably, the marketplace processed nearly $5 million worth of NFT transactions on Aug. 28 — approximately 99% lower than its record high of $405.75 million on May 1, according to DappRadar.OpenSea users, volume, and transactions statistics. Source: DappRadarThe massive declines in daily volumes coincided with equally drastic drops in OpenSea users and their transactions, suggesting that the value and interest in the blockchain-based collectibles have diminished in the recent months.That is further visible in the falling floor prices — the minimum amount one is ready to pay for an NFT — of leading digital collectible projects. For instance, the floor price of the Bored Ape Yacht Club has dropped by 53% to 72.5 ETH on Aug. 28 versus a high of 153.7 ETH on May 1. BAYC floor price throughout history. Source: CoinGeckoSimilarly, the floor price of CryptoPunks, another top NFT collection, dropped almost 20% from its July high of 83.72 ETH.NFT bubble is burstingNFT prices are quoted in the native currency of the blockchain on which they are launched. So a digital collectible created on Ethereum will be purchased using Ether (ETH), which also means that NFT’s prices will fall if ETH’s market valuation plummets.A bearish ETH market appears to be one of the primary drivers behind the poor NFT statistics. Notably, the price of one Ether has fallen from $4,950 in November 2021 to below $1,500 in August 2022.ETH/USD three-day price chart. Source: TradingViewBendDAO votes to improve NFT liquidityLast week, BendDAO, a decentralized autonomous organization that enables NFT owners to collateralize their digital collectibles to take loans (in ETH) worth 30%-40% of the NFT’s floor price, voted to change its protocol’s code to make its NFT collateral more liquid.The vote occurred after a rise in Ether price increased the value of ETH-denominated loans in dollar terms. Meanwhile, on the other hand, NFT prices plummeted, reducing the value of the collateral held by BendDAO.As a result, BendDAO is now facing its own debt crisis moment, where borrowers cannot pay their dollar-denominated loans due to falling ETH prices, and lenders are finding it difficult to recover their loaned amount due to falling collateral valuations.Related: Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employeeBendDAO’s latest vote has changed its NFT liquidation threshold from 95% to 70%. It has also reduced the time offered to borrowers to avoid liquidation from 48 hours to 4 hours to attract more bids for their NFT collaterals.In other words, the floor price of NFTs, including BAYC, risks plunging further if the market’s liquidity continues to dry u.agreed, 2020-2021 was crazy get-rich-in-months & the DeFi-NFT-Web3 bubble is going bust now, turns out founders & VCs were scammers only in for the $$$.But pipl said its over in 2018 too after ICOs.The next bubble will come 100%, you just need to survive.play the long game. https://t.co/5f17JfdFfY— doncrypto (@DonCryptoDraper) August 29, 2022The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Čítaj viac
Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector’s first massive liquidation event.gm.As a result of the floor dropping to 72, the first BAYC liquidation auction on BendDAO has begunStarting price of 68.4e…Any takers or is this going to be the first bad-debt domino that falls for the platform? pic.twitter.com/7qxsIi661e— Cirrus (@CirrusNFT) August 18, 2022BAYC “death spiral” incoming?DoubleQ, the founder of web3 launchpad Double Studio, says lending service BendDAO could liquidate up to $55 million worth of NFTs to recover its loans, fearing the so-called “health factor” of these debts could fall below 1.Notably, an NFT collection’s floor price is important in determining the health factor. BendDAO offers 30%-40% of the NFT’s floor price as loans. But the protocol sells the NFT if its floor price falls too close to the amount borrowed—a liquidation threshold, as explained below.BendDAO’s NFT liquidation protocol. Source: Official WebsiteMeanwhile, the floor price of BAYC has fallen from 153.7 ETH in May to 69.69 ETH in August—a nearly 55% plunge in three months. Simultaneously, the health factor of at least 20 loans with BAYC as collateral has fallen to 1.1 as of Aug. 19, data on BendDAO shows.4/ Why is this a problem?There are currently 20 BAYCs with under 1.1 health factorAnd wayyyy more under 1.2Meaning, all of those apes WILL get liquidated, soon. pic.twitter.com/5jwoZZXHRT— doubleQ (@xDoubleQ) August 19, 2022
Borrowers have 48 hours to repay the loan or their NFT collateral will be liquidated. According to doubleQ, these liquidations could lead to “a death spiral for the BAYC ecosystem and NFT market as a whole,” given BendDAO’s exposure to other NFT projects, including CryptoPunks and Doodles.”OpenSea volume is at the lowest point ever in the last 12 months,” the analyst warned, adding: “There’s simply not enough volume to save these liquidations.. It’s inevitable.”BendDAO NFT holdings distribution. Source: doubleQOpenSea is the leading NFT marketplace by volume.To buy the dip or not?Nevertheless, doubleQ believes the incoming BAYC liquidation could offer an opportunity to buy the NFTs at cheaper rates. 7/ So what can you do to take advantage (or at least protect yourself) from the situation?Two options:- Bidding on loans and go for a flip- Waiting for the mass liquidation to have one of the best entry points ever— doubleQ (@xDoubleQ) August 19, 2022
On the other hand, Naimish Sanghvi, CEO of India-based crypto news outlet Coin Crunch, wonders if there would be any buyers due to a lack of arbitrage opportunities. “Your bid has to be more than 95% of the floor value and higher than the debt amount,” explained Sanghvi, noting that there could no room for making money from arbitrage between these values.”The auctions don’t begin until the first bid is placed, so there may be several NFTs in limbo at a given point in time if the prices are unfavorable. And that should scare the Liquidity providers.”This scenario would have BendDAO wait for borrowers to repay their loans—or to wait for the re-emergence of liquidators after a market recovery—to subside its “temporary floating loss.”The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Čítaj viac
Some of the biggest NFT collections out there right now — Bored Ape Yacht Club among them — have given full intellectual property rights to users. This is a significant (and you could argue a very generous) development. It effectively means that those who own Bored Ape NFTs have the potential to profit from them. We’ve seen Eminem and Snoop Dogg team up for a new music video where they transform into their characters. Meanwhile, sites have emerged where collectors can effectively hire out their ape’s NFT to brands. As we alluded to earlier, the actor Seth Green made a splash when he unveiled plans to create a TV show themed around his Bored Ape NFT, which he affectionately calls Fred, called White Horse Tavern. Green’s beloved collectible ended up being stolen in a phishing attack, and he ended up paying over the odds to get it back. BAYC’s license states those who purchase NFTs “own the underlying Bored Ape, the Art, completely” — but doesn’t actually mention what happens in cases of theft. Many experts believed that Green would have been on firm legal ground if he released the TV show without the NFT, but there are no guarantees.
Čítaj viac
On Monday, the trading volume of CryptoPunks, one of the sector’s most popular nonfungible token (NFT) collections, surged by 1,847% over 24 hours. Over 1,226.68 Ether (ETH) worth of Punk NFTs was traded during that time. The surge in interest appears to be tied to luxury jewelry retailer Tiffany & Co. launching its own NFT collection with a special perk for Punk holders.Dubbed “NFTiffs,” the collection consists of 250 digital passes. Anyone can purchase NFTiffs, which are minted on the Ethereum blockchain. However, CryptoPunk holders can redeem the NFT for a customized-jewelry experience. After purchase, Punk holders can elect to receive a custom-designed pendant and an NFT digital artwork that resembles the final jewelry design. These are crafted by the company’s in-house artisans and inspired by the Punks NFT collection.Depending on the color palette of the Punk NFT, Tiffany will create pendants using at least 30 gemstones such as sapphires, amethyst, spinel, and diamonds with its frame in 18 karats rose or yellow gold. Buyers will receive a render of their piece by October, with anticipated physical delivery in 2023.Related: NFT Clone Punks: Right or Wrong? Each NFTiff will cost 30 Ether, which covers the cost of the NFT, custom pendant and chain, as well as shipping and handling. There is a limit of three passes per customer, with the sale commencing on Aug. 5 at 10:00 AM ET and a redemption deadline of Aug. 12 at 9:00 PM ET. At the time of publication, CryptoPunks have a floor price of 74.75 ETH, meaning that jewelry enthusiasts must pay around $125,000 for a Punk NFT on top of 30 ETH for an NFTiff if they wish to participate in the custom jewelry experience.
Čítaj viac
Noah Davis, the non-fungible token (NFT) specialist at auction house Christie’s, has said he’s leaving the position in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs.Announcing the move on June 19 in a Twitter thread, Davis looked to quash any anxieties holders had regarding the future of one of the oldest NFT projects, saying he “will not f*ck with the punks.”What does that mean? It means no Punks on lunchboxes or cringe TV shows/shitty movies. It means no arbitrary rushed utility or thoughtless airdrops. It means if you love your Punk(s) because they are what they are (just Punks) then you and I see eye to eye…— Noah (@NonFungibleNoah) June 19, 2022He invited CryptoPunk owners to schedule a talk with him about the project’s future at the NFT NYC event and said the new position wouldn’t take away from his own NFT project.Davis is responsible for the record-breaking auction of Beeple’s “Everydays: The First 5000 Days” NFT, which sold for over $69 million in March 2021.Yuga Labs acquired the intellectual property of the CryptoPunks collection from Larva Labs in March, saying it would turn over full commercial rights to the owners, a promise yet to be realized.But, Yuga Labs co-founder Wylie Aronow aka “Gargamel” addressed the holdup in a series of tweets on June 19, writing it was “too significant to rush” and that new terms “will be rolling out in the next couple of weeks.”With the announcement of Davis’ move and the new terms set to take effect soon, some are alleging insiders had prior knowledge of the information citing the surging sales volume of the collection.Ok so no one’s going to address the obvious insider trading that happened in the last 48 hours?Chart: @punk9059 https://t.co/56s56D5Nw1 pic.twitter.com/beNkWbAc2Y— Chainleft (@ChainLeftist) June 19, 2022
According to OpenSea, 39 sales of the CryptoPunks collection have taken place since the announcement, with 101 sales in total on June 19, up from the only 19 sold the day prior, on June 18.Convicted scammer “reinvents” herself with NFTsConvicted con-artist and fraudster Anna Sorokin, who from 2013 to 2017 pretended to be the wealthy German heiress “Anna Delvey” to defraud acquaintances and business of over $275,000, has started an NFT collection.Titled “Reinventing Anna,” the collection features 2,000 NFTs for 0.1 Ethereum (ETH) each, or about $110. It is marketed as a way for “fans to interact with Anna” and access private “ask-me-anything’s” with Sorokin.Related: NFT trading volume surges amid market and floor price crashThe collection will feature 20 “gold edition cards,” which grant owners the possibility of a one-on-one phone call or in-person visit with the so-called “renowned socialite.”The collection’s name is a play on the “Inventing Anna” Netflix drama miniseries released earlier this year, the subject of which is inspired by Sorokin’s story.“I see this first drop as an opportunity to directly connect with my audience and take charge of the narrative that’s been largely outside of my control,” Sorokin wrote in an Instagram post regarding the collection.It’s unknown how NFT holders will be able to visit her in person, however. Since March 2021, Sorokin has been held by United States Immigration and Customs Enforcement for overstaying her visa and faces deportation to Germany.Duppies followers targeted in phishing scamDuppies, an upcoming Solana NFT project from the same team as the popular “DeGods” collection, had its Twitter account hacked on June 18, with attackers tweeting a link to a “stealth mint” of the NFTs.The link was a phishing website, and users who connected their wallets and attempted to mint had their wallets drained of all funds. One Twitter user wrote they lost 650 Solana (SOL) worth around $18,850 from the attack.In Twitter Spaces after the attack, the creator of the upcoming collection known as “Frank” joined security auditor “Code Monkey” to explain how the attack happened.The auditor said the attacker likely accessed the Duppies Twitter account in a targeted SIM swap attack.The attack works by scammers contacting the phone provider of the mobile number holder and trick the carrier into swapping the mobile number to a SIM card in their control. From there, the attacker can bypass any two-factor authentication on the account and gain access.More Nifty News:Watchmaker TAG Heuer has released a watch that can pair with a smartphone to show NFTs on the watch face and also connect to the blockchain to verify the NFT is owned by the wearer.Despite warnings from the nation’s authorities, the number of NFT and digital collectible platforms in China has seen a five times increase since February 2022, going from just over 100 to over 500, according to local state-owned media.
Čítaj viac
NFT trading volume has surged over the past 24 hours as crypto markets tank taking floor prices of many top NFT collections along with it.A long list of top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks, and Sorare have all seen more than 100% increases in 24-hour trading volumes as investors look to snap up cheaper NFTs as floor prices tumble.According to data from CryptoSlam, eight of the top 10 NFT projects in terms of 24-hour sales volume have posted at least a 115% increase in trading volume, with the only projects falling under that mark being Goblintown at 35.54% and Moonbirds at 64.11%. Leading the pack is Yuga Labs’ BAYC NFTs, with a 262.79% surge over the past 24 hours to account for $7.1 million worth of sales. Notably, the following three highest-ranked projects are also owned by Yuga Labs, with MAYC, Otherdeed, and CryptoPunks posting 173.49%, 157.88%, and 122.69% surges in 24-hour trade volume to represent $3.4 million, $2.6 million and $2.5 million worth of sales respectively. 24 hour trade volume: CryptoSlamData from DappRadar also shows that OpenSea marketplace has been the biggest beneficiary of the increased trading volume over the past 24 hours, with the platform posting a 173.43% gain in trading volume for a total of $23.88 million worth of sales. However, the number of traders on the platform also decreased by 15.39% to 29,300 within that same time frame, suggesting that only a small number of investors with relatively deep pockets are making moves. Related: Crypto winter survival guide: Community shares game plan for the bear marketIt is also worth noting that even as projects such as the BAYC and CryptoPunks have seen their floor prices drop to 82.5 ETH ($96,700) and 47 ETH ($54,800) — down from their all-time highs of 153.70 ETH and 123 ETH — investors are still snapping up assets above the floors. In the past 24 hours, CryptoPunks #8620 and #5690 went for 275 ETH apiece ($327,000 at current prices) while BAYC NFTs #393 and #3441 sold for 118 ETH ($140,000) and 105 ETH ($124,000).
Čítaj viac
It appears there is no respite anywhere in the crypto realm in the face of Monday’s extraordinary market sell-off. Based on data from NFT Price Floor, the floor prices for Bored Ape Yacht Club (BAYC) and CryptoPunks, two of the most popular nonfungible token, or NFT, collections on the market, have fallen to 74 ETH ($92,223) and 48 ETH ($69,473), respectively. In comparison, pieces in the BAYC collection had an all-time high floor price of 153.70 ETH, while the same metric amounted to 123 ETH for CryptoPunks. The data aggregator tracks 380 collections with a total market cap of $5.58 billion at the time of publication.The sell-off among NFTs was partly exacerbated by a warning just a day prior, where Gordon Goner, co-founder of Yuga Labs — the firm owning both BAYC and CryptoPunks collections — issued a warning regarding an “imminent” attack on social media accounts operating under the firm’s umbrella.The incoming attack allegedly has the support of an insider from Twitter who would help bypass the security of the accounts. Yuga Labs’ social accounts had been compromised three times already this year, some of which involved sophisticated phishing attacks that drained millions of dollars worth of users’ NFTs. Meanwhile, according to DappRadar, the number of users on OpenSea.io, the largest NFT marketplace by volume, has fallen 14% in the past month. Simultaneously, monthly trading volume fell 65% to $500 million. Interestingly, the number of transactions increased month over month by 6.4%, possibly due to the sheer number of users seeking to sell their NFT collections at a better price.
Čítaj viac
