🖼 Undeads NFT Collection Grows by 530%
Undeads Metaverse stands out as an exceptional performer among web3 GameFi projects, defying industry norms. Following an impressive initial mint that generated $1M USD in sales, the floor value of the Undeads NFT collection has experienced triple-digit growth. As of the time of this publication, the floor price for Undeads Mystery Boxes NFTs has surpassed 0.4272 ETH, a significant increase from the original 0.08ETH at the close of the sale. This extraordinary success can be attributed to several key factors. Firstly, the Undeads Metaverse distinguishes itself with its high production quality, ensuring a visually captivating and immersive experience for users. Furthermore, the collection features an exclusive set of legendary zombies, which are unveiled when the holder opens a mystery box, adding a sense of rarity and excitement. Additionally, the highly anticipated Undeads Runner, inspired by Yuga Labs' Dookey Dash, enables NFT holders to earn rewards on their Undead NFTs ahead of schedule, further enhancing the value proposition. These factors, combined with a dedicated and passionate community, demonstrate Undeads Metaverse's commitment to propelling Web3 to the forefront of the gaming industry.
Undeads Metaverse stands out as an exceptional performer among web3 GameFi projects, defying industry norms. Following an impressive initial mint that generated $1M USD in sales, the floor value of the Undeads NFT collection has experienced triple-digit growth. As of the time of this publication, the floor price for Undeads Mystery Boxes NFTs has surpassed 0.4272 ETH, a significant increase from the original 0.08ETH at the close of the sale. This extraordinary success can be attributed to several key factors. Firstly, the Undeads Metaverse distinguishes itself with its high production quality, ensuring a visually captivating and immersive experience for users. Furthermore, the collection features an exclusive set of legendary zombies, which are unveiled when the holder opens a mystery box, adding a sense of rarity and excitement. Additionally, the highly anticipated Undeads Runner, inspired by Yuga Labs' Dookey Dash, enables NFT holders to earn rewards on their Undead NFTs ahead of schedule, further enhancing the value proposition. These factors, combined with a dedicated and passionate community, demonstrate Undeads Metaverse's commitment to propelling Web3 to the forefront of the gaming industry.
Everywhere you turn today, the buzz is all about one thing — the Azuki Elementals mint.
The fascination, the excitement, and the intrigue around this mint have created a fervor that is impossible to ignore.
The Azuki Elementals are the third addition to the rapidly expanding Azuki universe, including Azuki’s genesis collection and Beanz.
Spanning four different domains (Lightning, Earth, Water, and Fire) and rarity tiers, Elementals consists of 20,000 NFTs.
The first 10,000 were airdropped to Azuki holders at the project's recent Vegas event.
The fascination, the excitement, and the intrigue around this mint have created a fervor that is impossible to ignore.
The Azuki Elementals are the third addition to the rapidly expanding Azuki universe, including Azuki’s genesis collection and Beanz.
Spanning four different domains (Lightning, Earth, Water, and Fire) and rarity tiers, Elementals consists of 20,000 NFTs.
The first 10,000 were airdropped to Azuki holders at the project's recent Vegas event.
🖼 Lacoste Reveals Gamified, Tokenized Ecosystem for NFT Holders
French clothing brand Lacoste announced Thursday the latest evolution of the company’s burgeoning Web3 program: a gamified, token-gated ecosystem that incentivizes users to participate in activities and community events by offering them NFT-related perks. Last June, Lacoste launched UNDW3 (pronounced “underwater”), a Web3 initiative centered around the release of 11,212 profile picture NFTs riffing on the brand’s crocodile-dominated motif. UNDW3 “missions” will unfold both on Discord and on Lacoste’s dedicated website, over the course of seasons that themselves will be split into month-long, themed chapters. UNDW3 NFT holders who connect their crypto wallets to the UNDW3 portal, which went live today, are now able to participate in creative contests and sessions, video game quests, and interactive conversations put on by Lacoste. The better users perform in these activities, the more points they will accumulate on their UNDW3 card, which is tied to their wallet and an associated Discord account. And the more points a user accumulates, the more their NFT will increase in rarity, which, per Lacoste, will increase the asset’s value. UNDW3 NFTs went on sale last summer for .08 ETH a piece; the collection’s floor price has since fallen to .0294 ETH, or just over $54 at writing.
French clothing brand Lacoste announced Thursday the latest evolution of the company’s burgeoning Web3 program: a gamified, token-gated ecosystem that incentivizes users to participate in activities and community events by offering them NFT-related perks. Last June, Lacoste launched UNDW3 (pronounced “underwater”), a Web3 initiative centered around the release of 11,212 profile picture NFTs riffing on the brand’s crocodile-dominated motif. UNDW3 “missions” will unfold both on Discord and on Lacoste’s dedicated website, over the course of seasons that themselves will be split into month-long, themed chapters. UNDW3 NFT holders who connect their crypto wallets to the UNDW3 portal, which went live today, are now able to participate in creative contests and sessions, video game quests, and interactive conversations put on by Lacoste. The better users perform in these activities, the more points they will accumulate on their UNDW3 card, which is tied to their wallet and an associated Discord account. And the more points a user accumulates, the more their NFT will increase in rarity, which, per Lacoste, will increase the asset’s value. UNDW3 NFTs went on sale last summer for .08 ETH a piece; the collection’s floor price has since fallen to .0294 ETH, or just over $54 at writing.
Bored Ape Yacht Club NFT Prices Are Plunging
The minimum trading price of top Ethereum NFT collections, including the Bored Ape Yacht Club and CryptoPunks, have plunged over the last 24 hours, continuing a trend of sharply falling prices for so-called “blue chip” NFTs. The floor prices of CryptoPunks and Bored Ape Yacht Club dropped by nearly 8% and 7% respectively over the last 24 hours, per CoinGecko data. Nansen’s Blue Chip 10 index of the top 10 NFT collections has dropped 31% year-to-date.
A Bored Ape starts at 36.4 ETH, or about $68,200. That’s the lowest Bored Ape floor price, in ETH terms, measured by NFT Price Floor since November 2021, when the project was just taking flight. Meanwhile, Mutant Ape Yacht Club prices are down 26% in ETH terms over the past 30 days, now starting at 7 ETH or $13,150. CryptoPunks prices have fallen less than 3% in the same timeframe. The Bored Ape price floor peaked at 152 ETH in April 2022.
The minimum trading price of top Ethereum NFT collections, including the Bored Ape Yacht Club and CryptoPunks, have plunged over the last 24 hours, continuing a trend of sharply falling prices for so-called “blue chip” NFTs. The floor prices of CryptoPunks and Bored Ape Yacht Club dropped by nearly 8% and 7% respectively over the last 24 hours, per CoinGecko data. Nansen’s Blue Chip 10 index of the top 10 NFT collections has dropped 31% year-to-date.
A Bored Ape starts at 36.4 ETH, or about $68,200. That’s the lowest Bored Ape floor price, in ETH terms, measured by NFT Price Floor since November 2021, when the project was just taking flight. Meanwhile, Mutant Ape Yacht Club prices are down 26% in ETH terms over the past 30 days, now starting at 7 ETH or $13,150. CryptoPunks prices have fallen less than 3% in the same timeframe. The Bored Ape price floor peaked at 152 ETH in April 2022.
🖼 Unique Network Launches Revamped NFT Marketplace Offering Increased Utility to Creators
Unique Network, an established parachain in the Polkadot Network, has launched its advanced NFT marketplace: Unique NFT Marketplace. The decentralised NFT marketplace was developed to support self-custody, permissionless, and curated content while offering next-generation NFT utility tools to creators. The marketplace provides an immersive experience by enabling users to trade NFTs on Unique Network and Quartz Network seamlessly. This is the next step in the NFT movement where a marketplace allows creators to add their own utility. The Unique NFT marketplace offers advanced NFT integrations, NFT customisation, and creator royalties. Anyone can create interconnected tokens of collections, while nesting functions deliver parent-child relationships between NFTs, ideal for games. Creators can personalise tokens using customizable NFTs opening doors to unique collections, customizable in-game items and immersive digital fashion experiences. Alex Mitrovitch, founder and CEO of Unique, also stresses the robust royalty system. "We believe it is important to support creator income across their NFT lifecycle in a fair and transparent process, regardless of where the NFTs reside."
Unique Network, an established parachain in the Polkadot Network, has launched its advanced NFT marketplace: Unique NFT Marketplace. The decentralised NFT marketplace was developed to support self-custody, permissionless, and curated content while offering next-generation NFT utility tools to creators. The marketplace provides an immersive experience by enabling users to trade NFTs on Unique Network and Quartz Network seamlessly. This is the next step in the NFT movement where a marketplace allows creators to add their own utility. The Unique NFT marketplace offers advanced NFT integrations, NFT customisation, and creator royalties. Anyone can create interconnected tokens of collections, while nesting functions deliver parent-child relationships between NFTs, ideal for games. Creators can personalise tokens using customizable NFTs opening doors to unique collections, customizable in-game items and immersive digital fashion experiences. Alex Mitrovitch, founder and CEO of Unique, also stresses the robust royalty system. "We believe it is important to support creator income across their NFT lifecycle in a fair and transparent process, regardless of where the NFTs reside."
Unique Network Launches Revamped NFT Marketplace Offering Increased Utility to Creators
Unique Network, an established parachain in the Polkadot Network, has launched its advanced NFT marketplace: Unique NFT Marketplace. The decentralised NFT marketplace was developed to support self-custody, permissionless, and curated content while offering next-generation NFT utility tools to creators. The marketplace provides an immersive experience by enabling users to trade NFTs on Unique Network and Quartz Network seamlessly. This is the next step in the NFT movement where a marketplace allows creators to add their own utility.
Anyone can create interconnected tokens of collections, while nesting functions deliver parent-child relationships between NFTs, ideal for games. Creators can personalise tokens using customizable NFTs opening doors to unique collections, customizable in-game items and immersive digital fashion experiences.
Unique Network, an established parachain in the Polkadot Network, has launched its advanced NFT marketplace: Unique NFT Marketplace. The decentralised NFT marketplace was developed to support self-custody, permissionless, and curated content while offering next-generation NFT utility tools to creators. The marketplace provides an immersive experience by enabling users to trade NFTs on Unique Network and Quartz Network seamlessly. This is the next step in the NFT movement where a marketplace allows creators to add their own utility.
Anyone can create interconnected tokens of collections, while nesting functions deliver parent-child relationships between NFTs, ideal for games. Creators can personalise tokens using customizable NFTs opening doors to unique collections, customizable in-game items and immersive digital fashion experiences.
⬜️ OKX Wallet Adds Tabi NFT Marketplace to its Discover Portal
OKX Wallet has announced the addition of Tabi - an NFT marketplace - to its Discover Portal, expanding the number of NFT projects accessible by users on its multi-chain wallet. The portal, which can be accessed via the Discover section on OKX Wallet on web and mobile, gathers over 10,000 dApps, DEXs, blockchain games, NFTs and supplementary tools. With this integration, users can easily discover, purchase and manage Tabi NFTs through OKX Wallet's Discover Portal. OKX Wallet is a decentralized multi-chain wallet that enables users to access and explore the Web3 ecosystem. On April 3, OKX Wallet became the first in Web3 to utilize multi-party computation (MPC) technology, which eliminates the need for traditional written down keys and seed phrases by splitting a user's private key into three parts, greatly improving security and eliminating a single point of failure. It is also the first multi-chain wallet to support BRC-20 and Bitcoin NFT trading with the launch of its Ordinals Market. OKX Wallet is also integrated with Tabi, enabling users to interact with its ecosystem, complete various quests and connect with its community of art enthusiasts and collectors.
OKX Wallet has announced the addition of Tabi - an NFT marketplace - to its Discover Portal, expanding the number of NFT projects accessible by users on its multi-chain wallet. The portal, which can be accessed via the Discover section on OKX Wallet on web and mobile, gathers over 10,000 dApps, DEXs, blockchain games, NFTs and supplementary tools. With this integration, users can easily discover, purchase and manage Tabi NFTs through OKX Wallet's Discover Portal. OKX Wallet is a decentralized multi-chain wallet that enables users to access and explore the Web3 ecosystem. On April 3, OKX Wallet became the first in Web3 to utilize multi-party computation (MPC) technology, which eliminates the need for traditional written down keys and seed phrases by splitting a user's private key into three parts, greatly improving security and eliminating a single point of failure. It is also the first multi-chain wallet to support BRC-20 and Bitcoin NFT trading with the launch of its Ordinals Market. OKX Wallet is also integrated with Tabi, enabling users to interact with its ecosystem, complete various quests and connect with its community of art enthusiasts and collectors.
Logan Paul Hasn’t Refunded $1.8M To CryptoZoo Scam NFT Buyers After 6 Months
The publisher of the CryptoZoo NFT scam project, Logan Paul, has yet to fulfill his promise to return $1.8 million to investors over the past six months. YouTuber Logan Paul faced intense backlash six months ago for allegedly scamming his audience with an NFT gaming project called CryptoZoo, which was proposed in 2021. Paul and his crew were given ZOO tokens and sold NFT, but the game was never completed.
As alleged by Coffeezilla, Paul once promised to deposit all of their ZOO tokens into a burning wallet so that the tokens would be effectively destroyed. After that, they can only profit from their ZOO tokens. However, upon examining the official ZOO contract detailed in the token’s white paper, there is no clear evidence that Paul or Levin burned any of their ZOOs.
The publisher of the CryptoZoo NFT scam project, Logan Paul, has yet to fulfill his promise to return $1.8 million to investors over the past six months. YouTuber Logan Paul faced intense backlash six months ago for allegedly scamming his audience with an NFT gaming project called CryptoZoo, which was proposed in 2021. Paul and his crew were given ZOO tokens and sold NFT, but the game was never completed.
As alleged by Coffeezilla, Paul once promised to deposit all of their ZOO tokens into a burning wallet so that the tokens would be effectively destroyed. After that, they can only profit from their ZOO tokens. However, upon examining the official ZOO contract detailed in the token’s white paper, there is no clear evidence that Paul or Levin burned any of their ZOOs.
🪙 OKcontract joins the Sandbox for Metaverse Assets
The Sandbox, a leading decentralized virtual world with over 400 global partners, initiated its Partners Day event in Singapore on June 27, showcasing its expanding Singapore ecosystem. Introducing the Lion City, a neighborhood of 512 virtual LANDs within The Sandbox metaverse, the event saw the participation of over 30 partners, including DBS Bank, MM2 Asia, ONE Championship, and the Mighty Jaxx Group. One of the notable additions to The Sandbox’s Singapore ecosystem was OKcontract, a new Ecosystem Partner based in Singapore. The showcased OKcontract widgets offer a dynamic solution for partners, enabling the seamless integration of NFT minting functionalities into landing pages. By copying and pasting the widget’s HTML code, brands, and games can transform their landing pages into Web3 native channels, allowing users to directly mint and acquire metaverse NFTs. This not only simplifies the NFT acquisition process but also serves as a promotional tool, enhancing user engagement and immersion in the metaverse. This collaboration aims to equip brands and agencies building experiences in The Sandbox’s metaverse with efficient tools for asset distribution on both Web3 and Web2 channels.
The Sandbox, a leading decentralized virtual world with over 400 global partners, initiated its Partners Day event in Singapore on June 27, showcasing its expanding Singapore ecosystem. Introducing the Lion City, a neighborhood of 512 virtual LANDs within The Sandbox metaverse, the event saw the participation of over 30 partners, including DBS Bank, MM2 Asia, ONE Championship, and the Mighty Jaxx Group. One of the notable additions to The Sandbox’s Singapore ecosystem was OKcontract, a new Ecosystem Partner based in Singapore. The showcased OKcontract widgets offer a dynamic solution for partners, enabling the seamless integration of NFT minting functionalities into landing pages. By copying and pasting the widget’s HTML code, brands, and games can transform their landing pages into Web3 native channels, allowing users to directly mint and acquire metaverse NFTs. This not only simplifies the NFT acquisition process but also serves as a promotional tool, enhancing user engagement and immersion in the metaverse. This collaboration aims to equip brands and agencies building experiences in The Sandbox’s metaverse with efficient tools for asset distribution on both Web3 and Web2 channels.
Binance x Cristiano Ronaldo Returns with an Exclusive Second NFT Collection
Binance and Cristiano Ronaldo had announced a multi-year exclusive NFT partnership to drop exclusive NFT collections in June 2022. The global exchange has teamed up with football legend Cristiano Ronaldo to roll out exclusive NFT collections on the Binance NFT marketplace. Select country Binance users can also use Binance Pay to purchase the NFT collections. The partnership will provide access to limited edition NFT collections to global football fans.
The collection, ForeverCR7: The GOAT, serves as a tribute to Ronaldo’s impressive record of 838 goals and presents collectors with a selection of 20 designs.The second NFT collection is set to drop on July 3, 2023. The first series of the NFT collection was launched on November 18. Now, according to the latest tweet from Ronaldo, the second series is set to be launched on July 3.
Binance and Cristiano Ronaldo had announced a multi-year exclusive NFT partnership to drop exclusive NFT collections in June 2022. The global exchange has teamed up with football legend Cristiano Ronaldo to roll out exclusive NFT collections on the Binance NFT marketplace. Select country Binance users can also use Binance Pay to purchase the NFT collections. The partnership will provide access to limited edition NFT collections to global football fans.
The collection, ForeverCR7: The GOAT, serves as a tribute to Ronaldo’s impressive record of 838 goals and presents collectors with a selection of 20 designs.The second NFT collection is set to drop on July 3, 2023. The first series of the NFT collection was launched on November 18. Now, according to the latest tweet from Ronaldo, the second series is set to be launched on July 3.
🖼 Binance NFT Launches 2nd Exclusive NFT Collection For Cristiano Ronaldo
Binance NFT Market has announced the “ForeverCR7: The GOAT” NFT collection, the second NFT series created by Cristiano Ronaldo, the Portuguese football legend. On July 3, 2023, the renowned football player, popularly referred to as the Greatest of All Time (GOAT), issued his second NFT collection, “ForeverCR7: The GOAT.” This NFT collection will only be available on the Binance NFT platform. This NFT collection contains NFTs of four rarities: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). The new NFT collection focuses on commemorating Ronaldo’s remarkable exploits and will include a broad selection of 20 distinct designs showcasing and immortalizing Ronaldo’s famous career goals. Customers may acquire the rare “ForeverCR7: The GOAT” NFT at the auction, which will take place from 22:00 on July 03, 2023, until 22:00 on July 05, 2023. (Eastern Eighth District Time). The auction will include six “The Bicycle Kick” NFTs, with bidding beginning at 15,000 USDT. The Forever CR7: The GOAT collection provides extra benefits for everyone engaged. As a result, customers with qualifying NFTs may have access to downloadable autographed posters, personal greetings, real products, future drops, giveaways, and more!
Binance NFT Market has announced the “ForeverCR7: The GOAT” NFT collection, the second NFT series created by Cristiano Ronaldo, the Portuguese football legend. On July 3, 2023, the renowned football player, popularly referred to as the Greatest of All Time (GOAT), issued his second NFT collection, “ForeverCR7: The GOAT.” This NFT collection will only be available on the Binance NFT platform. This NFT collection contains NFTs of four rarities: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). The new NFT collection focuses on commemorating Ronaldo’s remarkable exploits and will include a broad selection of 20 distinct designs showcasing and immortalizing Ronaldo’s famous career goals. Customers may acquire the rare “ForeverCR7: The GOAT” NFT at the auction, which will take place from 22:00 on July 03, 2023, until 22:00 on July 05, 2023. (Eastern Eighth District Time). The auction will include six “The Bicycle Kick” NFTs, with bidding beginning at 15,000 USDT. The Forever CR7: The GOAT collection provides extra benefits for everyone engaged. As a result, customers with qualifying NFTs may have access to downloadable autographed posters, personal greetings, real products, future drops, giveaways, and more!
Instagram's long-rumored Twitter competitor has just popped up on the App Store, with a release date of July 6th.
The app is called Threads, and there is a countdown to its release on threads.net.
The app is called Threads, and there is a countdown to its release on threads.net.
🖼 Sports digital collectible firms Candy Digital and Palm NFT Studio merge
Candy Digital, the non-fungible token (NFT) specialist behind Major League Baseball (MLB), Nascar and WWE’s digital collectible products, is merging with Web 3.0 technology and production company Palm NFT Studio. The combined entity, which will continue to be known as Candy Digital, believes the amalgamation of resources, technology and licences will make it better placed to innovate, scale and identify efficiencies in what has been a challenging period for blockchain-based technologies. Following the completion of the transaction, Candy Digital chief executive Scott Lawin will remain in his post, while Palm NFT co-founder and chief executive Daniel Heyman will join as president. “Over the past two years, Candy Digital and Palm NFT Studio have pioneered breakthrough digital experiences and crafted innovative creative tools, connecting fans to some of the world’s most captivating content,” said Lawin. “Candy Digital and Palm NFT Studio’s unified technology platform scales our ability to create transformative experiences for fans. We look forward to working with Candy Digital to build the next generation of digital media and engagement.”
Candy Digital, the non-fungible token (NFT) specialist behind Major League Baseball (MLB), Nascar and WWE’s digital collectible products, is merging with Web 3.0 technology and production company Palm NFT Studio. The combined entity, which will continue to be known as Candy Digital, believes the amalgamation of resources, technology and licences will make it better placed to innovate, scale and identify efficiencies in what has been a challenging period for blockchain-based technologies. Following the completion of the transaction, Candy Digital chief executive Scott Lawin will remain in his post, while Palm NFT co-founder and chief executive Daniel Heyman will join as president. “Over the past two years, Candy Digital and Palm NFT Studio have pioneered breakthrough digital experiences and crafted innovative creative tools, connecting fans to some of the world’s most captivating content,” said Lawin. “Candy Digital and Palm NFT Studio’s unified technology platform scales our ability to create transformative experiences for fans. We look forward to working with Candy Digital to build the next generation of digital media and engagement.”
OKcontract joins the Sandbox for Metaverse Assets
The Sandbox, a leading decentralized virtual world with over 400 global partners, initiated its Partners Day event in Singapore on June 27.One of the notable additions to The Sandbox’s Singapore ecosystem was OKcontract, a new Ecosystem Partner based in Singapore.
The showcased OKcontract widgets offer a dynamic solution for partners, enabling the seamless integration of NFT minting functionalities into landing pages. By copying and pasting the widget’s HTML code, brands, and games can transform their landing pages into Web3 native channels, allowing users to directly mint and acquire metaverse NFTs. This not only simplifies the NFT acquisition process but also serves as a promotional tool, enhancing user engagement and immersion in the metaverse.
The Sandbox, a leading decentralized virtual world with over 400 global partners, initiated its Partners Day event in Singapore on June 27.One of the notable additions to The Sandbox’s Singapore ecosystem was OKcontract, a new Ecosystem Partner based in Singapore.
The showcased OKcontract widgets offer a dynamic solution for partners, enabling the seamless integration of NFT minting functionalities into landing pages. By copying and pasting the widget’s HTML code, brands, and games can transform their landing pages into Web3 native channels, allowing users to directly mint and acquire metaverse NFTs. This not only simplifies the NFT acquisition process but also serves as a promotional tool, enhancing user engagement and immersion in the metaverse.
🖼 Yuga Labs plans to restore spark around its NFTs
Last week, Bored Apes creator Yuga Labs released its latest NFT-gated game, HV-MTL Forge, but it hasn't yet helped the dragging performance of the company that owns several of the top NFT collections. Yuga Labs is the standard-bearer for the industry of non-fungible tokens. It owns Bored Apes, Mutant Apes and CryptoPunks, along with a number of other important NFT collections. The giant milestone for Otherside, according to new CEO Daniel Alegre, will be when Yuga can start letting others build on it. The muted reception for HV-MTL Forge aside, the giant question mark around Yuga Labs is the Otherside virtual world that it's building and that fans have already sank millions of dollars into. Very soon, Yuga will announce a cadence for revelations that will give its NFT owners and fans a sense for how often they will reveal new pieces of work. When 20 or 30 NFT collections can create ways their NFTs will show up in Otherside and they can start making experiences in the world independent of Yuga. Yuga Labs entered the metaverse hype last year when it sold deeds for its Otherside virtual world, raking in about $320 million. It took users on its "First Trip" into the space a couple months later.
Last week, Bored Apes creator Yuga Labs released its latest NFT-gated game, HV-MTL Forge, but it hasn't yet helped the dragging performance of the company that owns several of the top NFT collections. Yuga Labs is the standard-bearer for the industry of non-fungible tokens. It owns Bored Apes, Mutant Apes and CryptoPunks, along with a number of other important NFT collections. The giant milestone for Otherside, according to new CEO Daniel Alegre, will be when Yuga can start letting others build on it. The muted reception for HV-MTL Forge aside, the giant question mark around Yuga Labs is the Otherside virtual world that it's building and that fans have already sank millions of dollars into. Very soon, Yuga will announce a cadence for revelations that will give its NFT owners and fans a sense for how often they will reveal new pieces of work. When 20 or 30 NFT collections can create ways their NFTs will show up in Otherside and they can start making experiences in the world independent of Yuga. Yuga Labs entered the metaverse hype last year when it sold deeds for its Otherside virtual world, raking in about $320 million. It took users on its "First Trip" into the space a couple months later.
📉 Sale of rare Bored Ape underscores NFT market slump
The second rarest Bored Ape Yacht Club NFT has been sold for just 200 ETH (roughly $372,000) — far below peak prices for the collection’s most prized items. Bored Ape #3953, a cream-furred creature with protruding eyes shown chewing on pizza, changed hands earlier today, according to blockchain records. Rarity Sniper ranks it as the second rarest item in the collection. In the past, apes with similar traits have been sold for millions of dollars. The record sale, brokered by Sotheby’s in 2021, was $3.4 million. The news comes with the prices of some of the most popular NFT collections plummeting. The floor price — the cheapest point of entry for an NFT collection — of Yuga Labs’ Bored Ape Yacht Club currently sits at 31 ETH (around $58,000). It stood at 28 ETH earlier this week, as low as it’s been in over 18 months and less than half its value at the start of the year, according to NFT Price Floor data. Trading volumes for the collection are at a two-year high, implying a sell-off. Yuga Labs, the startup behind BAYC, appears unfazed by the crash. Crypto Twitter was less sanguine. As one user pointed out, “It’s wild to think that at the top, the BAYC floor was higher than this sale (in USD not ETH).”
The second rarest Bored Ape Yacht Club NFT has been sold for just 200 ETH (roughly $372,000) — far below peak prices for the collection’s most prized items. Bored Ape #3953, a cream-furred creature with protruding eyes shown chewing on pizza, changed hands earlier today, according to blockchain records. Rarity Sniper ranks it as the second rarest item in the collection. In the past, apes with similar traits have been sold for millions of dollars. The record sale, brokered by Sotheby’s in 2021, was $3.4 million. The news comes with the prices of some of the most popular NFT collections plummeting. The floor price — the cheapest point of entry for an NFT collection — of Yuga Labs’ Bored Ape Yacht Club currently sits at 31 ETH (around $58,000). It stood at 28 ETH earlier this week, as low as it’s been in over 18 months and less than half its value at the start of the year, according to NFT Price Floor data. Trading volumes for the collection are at a two-year high, implying a sell-off. Yuga Labs, the startup behind BAYC, appears unfazed by the crash. Crypto Twitter was less sanguine. As one user pointed out, “It’s wild to think that at the top, the BAYC floor was higher than this sale (in USD not ETH).”
