Crypto.com NFT Weekly Update (Week 2, 12/1/2022 - 18/1/2022)
OpenSea breaks daily sales volume record at $261M. Lega Serie A - first football league to enter NFT world.
Key Takeaways
Upstart NFT marketplace LooksRare challenges OpenSea’s dominance, transacting over $1B in sales volume within a week after debuting. It aims to compete with OpenSea by offering trading rewards to incentivise customers. However, reports suggest that some traders are manipulating LooksRare’s token-based rewards system via wash trading. This brings the long-term sustainability of its model to question
Celebrity American boxer Mike Tyson goes 'all in on NFTs' on Solana. In a tweet, the legendary boxer also attached a Catalina Whale NFT issued on top of the Solana blockchain.
Gap jumps into NFTs with an exclusive physical hoodie available. The collection, dubbed ‘Gap Threads’, will be powered by Tezos.
OpenSea's record-high daily volume is $261M on 16 January 2022. The platform surpassed $3.5B in monthly Ether trading volume, setting new all-time high. OpenSea recorded a +150% increase in sales and a -2% increase in transactions. NBA Top Shot recorded a -2% increase in sales and a +36% increase in transactions.
Crypto.com NFT in the Spotlight
Lega Serie A is the first football league entering the NFT world on the occasion of the TIMVision Cup 2021. It presents another historical drop, celebrating the 2022 ‘Supercoppa FRECCIAROSSA’, played between FC Inter and Juventus Football Club on 12 January 2022.
William Black is known for his music which transports the listener into a world of emotional nostalgia. His character, the ‘Shadow Boy’, is meant to be a generic placeholder for each of us, one who goes through many different visual and auditory representations of our strongest feelings.
Gian Galang is an NYC–based artist and illustrator, who created artwork for clients including the UFC, Nike, Reebok, ESPN, HBO, etc. ‘Flying Sword’ is Gian Galang's genesis NFT collection showcasing the martial art of Wushu, featuring three ‘moving paintings’ and three traditional full-color paintings.
Highlights
Microsoft's massive metaverse move: buying activision for $69B
The media giant Associated Press chooses Polygon for new NFT marketplace
Mercedes partners with NFT artists to celebrate G-class series
A 22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea
Wrestling legend Bret Hart announces a new cartoon related NFTs venture
Comic legend Rob Liefeld creates a new superhero universe as NFTs
Animal concerts partners with Korea’s Klaytn: k-pop in the metaverse?
LÜM to launch ‘access pass’ NFTs for 25 globally known musicians
Dapper labs becomes first NFT company to register to lobby with U.S. government
China aims to separate NFTs from crypto via new blockchain infrastructure
TooNFT To launch on South Korea’s biggest webtoon’s ecosystem Toomics
Nike-owned NFT studio to release self-updating clones in 2022: details
Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase
* OpenSea and NBA Top Shot data from DappRadar
* MakersPlace data from NonFungible.com
* Solanart data from Solanart.io
* Nifty Gateway data from data mining in Cryptoartpulse.com
* LooksRare data from Dune Analytics
* Collectibles data from CryptoSlam.io
The following chart shows selected top NFTs and their historical floor prices.
Top Artists
The following table shows selected top artists (by sales volume on each platform) and a sample of their art.
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