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Who benefits most from NFT adoption?
NFT hype peaked in 2021, with record sales and celebrity promotion, however, market and global attention declined throughout 2022 as trading volumes and floor prices fell, a downturn that led some to question the applicability of NFT technology itself.
However, NFTs are far from dead, and their development continues, albeit in a less speculative direction than provocative digital art. Now, more functional types of NFTs are emerging, with some industries using them for gaming, virtual real estate, tokenization of physical assets, and more. In this article, we’ll look at some of the applications of NFTs and why they are far from dead.
However, NFTs are far from dead, and their development continues, albeit in a less speculative direction than provocative digital art. Now, more functional types of NFTs are emerging, with some industries using them for gaming, virtual real estate, tokenization of physical assets, and more. In this article, we’ll look at some of the applications of NFTs and why they are far from dead.
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This Week in Web3 and NFTs (35)
Welcome to the OpenSea Digest, where we review the biggest NFT and web3 news of the week.
Azuki announces anime series
Chiru Labs, creators of hit PFP projects Azuki and Beanz, are teaming up with famed Japanese animation director Goro Taniguchi to create an anthology series.
Taniguchi, known for his iconic projects Code Geass and One Piece: The Movie: Red, reportedly sees the collaboration as an opportunity to bring animation to new audiences and open doors for Japanese creators.
Azuki has also partnered with advertising giant Dentsu and plans to release three stories under the partnership, each with a unique director and character artist. The series is part of Azuki's strategy to deliver diverse content to bring Azuki's universe to life. Integrated with innovative web3-driven storytelling.
Azuki announces anime series
Chiru Labs, creators of hit PFP projects Azuki and Beanz, are teaming up with famed Japanese animation director Goro Taniguchi to create an anthology series.
Taniguchi, known for his iconic projects Code Geass and One Piece: The Movie: Red, reportedly sees the collaboration as an opportunity to bring animation to new audiences and open doors for Japanese creators.
Azuki has also partnered with advertising giant Dentsu and plans to release three stories under the partnership, each with a unique director and character artist. The series is part of Azuki's strategy to deliver diverse content to bring Azuki's universe to life. Integrated with innovative web3-driven storytelling.
🔶️😇
Gucci is ✨️🚀
Continuing to explore the #Metaverse the House comes together with #yugalabs
Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital #nftcommunity #bayc #NFT
Gucci is ✨️🚀
Continuing to explore the #Metaverse the House comes together with #yugalabs
Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital #nftcommunity #bayc #NFT
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The loss of Yuga Labs behind becoming the "LVMH of NFT"
When Yuga Labs announced the acquisition of PROOF, the development team of Moonbirds, there was almost no doubt about Yuga Labs’ “LVMH of NFT” label.
Now, Yuga Labs owns top NFT IP/projects such as CryptoPunks, BAYC, MAYC, BAKC, "Monkeyland" Otherdeed, Meebits, Moonbirds, etc. These projects occupy 8 of the top 15 projects with the largest transaction volume in OpenSea history.
But at the same time, Yuga Labs also encountered the most powerful challenger in history. On February 17, the floor price of Pudgy Penguins surpassed BAYC for the first time. Contrary to Yuga Labs’ continuous progress in acquisitions in recent years, “Boring” The charm of "ape" is constantly fading.
Now, Yuga Labs owns top NFT IP/projects such as CryptoPunks, BAYC, MAYC, BAKC, "Monkeyland" Otherdeed, Meebits, Moonbirds, etc. These projects occupy 8 of the top 15 projects with the largest transaction volume in OpenSea history.
But at the same time, Yuga Labs also encountered the most powerful challenger in history. On February 17, the floor price of Pudgy Penguins surpassed BAYC for the first time. Contrary to Yuga Labs’ continuous progress in acquisitions in recent years, “Boring” The charm of "ape" is constantly fading.
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This Week in Web3 and NFTs
Welcome to the OpenSea Digest, where we review the biggest NFT and web3 news of the week.
Jack Butcher Debuts Opepen-themed “Oviators” Sunglasses
In the latest fusion of fashion and digital art, Florentine eyewear designer Salvino Armati and Checks founder Jack Butcher have teamed up to launch a collection of Oviators eyewear that pays homage to Butcher’s famous Openen line.
The eyewear collection debuted during Art Basel Miami in an exhibition space in Miami’s iconic Wynwood neighborhood.
Each pair of Oviators — black rimless lenses designed in the now-famous Opepepen silhouette shape — can be redeemed by purchasing a special-edition NFT.
Jack Butcher Debuts Opepen-themed “Oviators” Sunglasses
In the latest fusion of fashion and digital art, Florentine eyewear designer Salvino Armati and Checks founder Jack Butcher have teamed up to launch a collection of Oviators eyewear that pays homage to Butcher’s famous Openen line.
The eyewear collection debuted during Art Basel Miami in an exhibition space in Miami’s iconic Wynwood neighborhood.
Each pair of Oviators — black rimless lenses designed in the now-famous Opepepen silhouette shape — can be redeemed by purchasing a special-edition NFT.
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NFT 2024 Annual Report (1): Ecological Overview and Market Performance
The full text is relatively long and is divided into three parts. This article is the first part.
Chapter 1 NFT Ecology
NFT Overview
As we move into 2024, the NFT space will continue to grow, and we can see most of the application layers surrounding NFTs converging on the following points.
Metaverse Interoperability - In 2023, many brands and creators launched proprietary virtual worlds and NFTs, but they remained decentralized. By 2024, cross-platform ecosystems can enable unified digital identities and assets across different A metaverse that will drive virtual experiences that are transferable between worlds.
Chapter 1 NFT Ecology
NFT Overview
As we move into 2024, the NFT space will continue to grow, and we can see most of the application layers surrounding NFTs converging on the following points.
Metaverse Interoperability - In 2023, many brands and creators launched proprietary virtual worlds and NFTs, but they remained decentralized. By 2024, cross-platform ecosystems can enable unified digital identities and assets across different A metaverse that will drive virtual experiences that are transferable between worlds.
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This Week in Web3 and NFT (83)
Welcome to the OpenSea Digest, let’s recap the biggest NFT and web3 news of the week.
Amber Vittoria launches 'Auras'
On December 12, abstract artist Amber Vittoria released her latest series 'Auras' on Coinbase Layer 2 (L2) Base, consisting of colorful, dreamlike NFTs. After a three-phase sale for VIPs and the public, this collection of 550 abstract pixelated artworks sold out before noon.
As described in the series, each Aura represents an emotional snapshot of the human experience. Vittoria avoids coding rarity into the artwork or adding utility to reinforce the idea that each piece is a celebration of complex emotions, unique in its own right.
Amber Vittoria launches 'Auras'
On December 12, abstract artist Amber Vittoria released her latest series 'Auras' on Coinbase Layer 2 (L2) Base, consisting of colorful, dreamlike NFTs. After a three-phase sale for VIPs and the public, this collection of 550 abstract pixelated artworks sold out before noon.
As described in the series, each Aura represents an emotional snapshot of the human experience. Vittoria avoids coding rarity into the artwork or adding utility to reinforce the idea that each piece is a celebration of complex emotions, unique in its own right.
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🔶😇
Twitter CEO Yugalabs Daniel Alegre has been suspended. Yuga announced this through their Twitter account and warned users not to click on any links to stay safe ✅
https://twitter.com/yugalabs/status/1653524253411627009?s=20
#nftcommunity #bayc #NFT #nftcommunity
Twitter CEO Yugalabs Daniel Alegre has been suspended. Yuga announced this through their Twitter account and warned users not to click on any links to stay safe ✅
https://twitter.com/yugalabs/status/1653524253411627009?s=20
#nftcommunity #bayc #NFT #nftcommunity
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NFT: The Magical Realism of the Digital World, Your Avatar Might Be More Expensive Than Your House!
From a cat to a house, how is NFT driving the world crazy?
Do you remember the 'CryptoKitties' that sold for millions of dollars in 2017? Yes, it's that pixelated cat that looks like it was drawn with Windows 95. At the time, everyone thought the world was crazy - a virtual cat was actually more expensive than a real cat! But who would have thought this was just the beginning of the magical realism of NFTs (non-fungible tokens).
Now, NFTs have evolved from 'CryptoKitties' to 'crypto art', 'crypto real estate', and even 'crypto socks'. Yes, you heard it right, socks can also be NFT-ed, and the price might be more expensive than all the socks in your wardrobe combined. Today, let's talk about this NFT world that has driven countless people crazy and puzzled many others.
Do you remember the 'CryptoKitties' that sold for millions of dollars in 2017? Yes, it's that pixelated cat that looks like it was drawn with Windows 95. At the time, everyone thought the world was crazy - a virtual cat was actually more expensive than a real cat! But who would have thought this was just the beginning of the magical realism of NFTs (non-fungible tokens).
Now, NFTs have evolved from 'CryptoKitties' to 'crypto art', 'crypto real estate', and even 'crypto socks'. Yes, you heard it right, socks can also be NFT-ed, and the price might be more expensive than all the socks in your wardrobe combined. Today, let's talk about this NFT world that has driven countless people crazy and puzzled many others.
🔶️😇
March 25th, 2023. 12:00 PM EDT / 4:00 PM UTC Yuga labs Otherside meta 2nd trip
#bayc #nftcommunity #NFT #Web3 #web3gaming
March 25th, 2023. 12:00 PM EDT / 4:00 PM UTC Yuga labs Otherside meta 2nd trip
#bayc #nftcommunity #NFT #Web3 #web3gaming
#PudgyPenguins floor price hits above 20 #ETH , now trading higher than #BAYC . Read through my thoughts on the upcoming #pengu token airdrop here: Pudgy Penguins Background Story
$ETH
$ETH
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$APE
Apechain's launch completely activated the NFT market, and the floor price of Yuga Labs' NFT series rebounded, including: BAYC floor price is now 12.38 ETH, a 24-hour increase of 9.37%; MAYC floor price is now 2.14 ETH, a 24-hour increase of 18.4%, BAKC floor price is now 0.38 ETH, a 24-hour increase of 24.35%; Otherside Koda floor price is now 0.99 ETH, a 24-hour increase of 23.91%.
#APEUSDT #apechain #nft #bayc #meme板块关注热点
Apechain's launch completely activated the NFT market, and the floor price of Yuga Labs' NFT series rebounded, including: BAYC floor price is now 12.38 ETH, a 24-hour increase of 9.37%; MAYC floor price is now 2.14 ETH, a 24-hour increase of 18.4%, BAKC floor price is now 0.38 ETH, a 24-hour increase of 24.35%; Otherside Koda floor price is now 0.99 ETH, a 24-hour increase of 23.91%.
#APEUSDT #apechain #nft #bayc #meme板块关注热点
Cryptocurrency VC firm Tiger Global has reportedly seen a significant decline in the value of its holdings in NFT marketplace OpenSea (OpenC) and the popular NFT project Bored Ape Yacht Club (BAYC). According to sources, Tiger Global's holdings in OpenSea have decreased by 94%, while its holdings in BAYC have dropped by 69%. As a result, the firm has experienced a book loss of 18% as of the end of September. Tiger Global, a major player in the crypto investment space, manages funds worth approximately $50 billion. This highlights the volatility and risks associated with NFT investments. 📉💰🦁 #NFT #TigerGlobal #OpenSea #bayc
BasedVC and Bored Ape Yacht Club (BAYC) have partnered to launch APES Capital, a new venture capital initiative.
The partnership aims to increase investment opportunities for BAYC community members by supporting blockchain gaming startups through tokenized ownership and community-led investment.
#web3 #basedVC #BoredApeYachtClub #bayc #pizzaday
The partnership aims to increase investment opportunities for BAYC community members by supporting blockchain gaming startups through tokenized ownership and community-led investment.
#web3 #basedVC #BoredApeYachtClub #bayc #pizzaday
🐧 Pudgy Penguins flip BAYC 🦍
While the penguins had previously flipped on floor price, a massive run-up today caused the collection to flip #bayc by total market cap, which sits at nearly a half-billion USD.
The #PudgyPenguins collection’s value surged in the last year, quadrupling in the fall of last year despite a sluggish period for the broader #NFT market.
On the flip side, BAYC, which once symbolized the innovation and extravagance of the 2021 NFT boom, has seen a decline in value since the onset of the crypto winter in May 2022.
Despite ongoing efforts, both collections fall short of CryptoPunks, the influential pioneer of the NFT space, boasting a floor price of 51 ETH.
Although these two NFT giants are on the verge of a dramatic shift in the hierarchy of NFT valuations, #CryptoPunks remains the reigning titan in the realm of digital collectibles.
#TrendingTopic
While the penguins had previously flipped on floor price, a massive run-up today caused the collection to flip #bayc by total market cap, which sits at nearly a half-billion USD.
The #PudgyPenguins collection’s value surged in the last year, quadrupling in the fall of last year despite a sluggish period for the broader #NFT market.
On the flip side, BAYC, which once symbolized the innovation and extravagance of the 2021 NFT boom, has seen a decline in value since the onset of the crypto winter in May 2022.
Despite ongoing efforts, both collections fall short of CryptoPunks, the influential pioneer of the NFT space, boasting a floor price of 51 ETH.
Although these two NFT giants are on the verge of a dramatic shift in the hierarchy of NFT valuations, #CryptoPunks remains the reigning titan in the realm of digital collectibles.
#TrendingTopic
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CoinGecko: Who Dominates the NFT Market?
Which NFT series holds the market dominance?
The pioneering collection CryptoPunks currently dominates the NFT market, holding a 30.9% share among top collections, and its leading position has been solidified since surpassing Bored Ape Yacht Club (BAYC) in May 2023.
Previously, in early 2022, CryptoPunks' dominance was 24.8%, lagging behind the then-leader BAYC at 29.3%. Although CryptoPunks briefly surpassed BAYC in November 2022, it fell back to second place, yet due to its more resilient floor price, this pixel art NFT successfully maintained a narrower market share gap and regained the top position in May 2023.
The pioneering collection CryptoPunks currently dominates the NFT market, holding a 30.9% share among top collections, and its leading position has been solidified since surpassing Bored Ape Yacht Club (BAYC) in May 2023.
Previously, in early 2022, CryptoPunks' dominance was 24.8%, lagging behind the then-leader BAYC at 29.3%. Although CryptoPunks briefly surpassed BAYC in November 2022, it fell back to second place, yet due to its more resilient floor price, this pixel art NFT successfully maintained a narrower market share gap and regained the top position in May 2023.
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