Weekly NFT Update (Week 20, 18/05/2022 – 24/05/2022)

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Weekly NFT Update (Week 20, 18/05/2022 – 24/05/2022)

Opensea launches new marketplace protocol Seaport. eBay debuts first sports-themed NFT collection. GameStop launches beta for its browser-based non-custodial wallet.

Crypto.com

May 25

Key Takeaways

Leading NFT marketplace Opensea recently launched Seaport, a new marketplace protocol that allows users to trade their NFTs with assets other than just payment tokens. According to its blog post, individual NFTs could be specified in a trade, which opens up a new trading experience for NFT holders.
E-commerce platform eBay is launching the Genesis NFT collection, a series of animated 3D renditions of iconic athletes who graced the cover of Sports Illustrated throughout the years. This is in partnership with green NFT marketplace OneOf, which announced in February that it acquired the rights to repurpose SI’s images and offer them as collectibles.
Video game retailer and meme stock company GameStop launched the beta version of its browser-based non-custodial wallet, which lets users securely store, send, and receive cryptocurrencies and NFTs across a wide range of decentralised apps without having to exit their browser tab. This is in line with its plans to launch a gaming-themed NFT marketplace around Q2 2022.
LooksRare recorded a -42% decrease in sales and a +51% jump in transactions from last week. Meanwhile, OpenSea recorded a -32% decrease in sales and a +88% jump in transactions.

Crypto.com NFT in the Spotlight

UFC® has partnered with Gian Galang for their first NFT artist collaboration. This “UFC x Gian Galang” drop features portraits of some of the most exciting fighters in the UFC today: Israel Adesanya, Valentina Shevchenko and Conor McGregor. Each portrait was created with acrylic paint on watercolour paper and features an animated colour shift in the digital manifestation of each piece.
You could have been a Bored Ape or a Pudgy Penguin or a Gassy Gorilla or a Drunk Badger, but you chose to be a Loaded Lion, the king of the CRO jungle. Now show pride in your pride with the first ever “Own Every Word x Loaded Lions: Expansion Pack” featuring 100 totally unique 1-of-1 words that roar off the screen. This drop is exclusive to Mane Netizens holding a Loaded Lions NFT.

Highlights

Transaction Volume Benchmark

Sources:

Magic Eden data refer to the on-chain activity of the tracked smart contracts.

LooksRare, OpenSea, and Coinbase data are retrieved from Dune Analytics.

X2Y2, NBA Top Shot, and Magic Eden data are retrieved from DappRadar.

Solanart data are retrieved from Solanart.io.

Notes:

1. Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date.

2. Week-on-Week (WoW) % change is calculated based on the differences between two subsequent seven-day periods.

3. Transaction count and average price refer to the number of traders and average price over the past seven days, respectively.

4. LooksRare was launched on 10 January 2022.

5. X2Y2 was launched on 16 February 2022.

Top Collectibles

* Collectibles data from CryptoSlam.io

The following chart shows selected top NFTs and their historical floor prices.

Upcoming NFT Sales

The following information shows the top upcoming NFT sales and a sample of their art.

Project Name: Country Ape Squad
Sale Date: 1 June 2022
Price: 0.3 (ETH)
Items: 10,000
Market Cap: 3,000 (ETH)

Project Name: Anim4rt
Sale Date: 29 May 2022
Price: 0.3 (ETH)
Items: 10,000
Market Cap: 3,000 (ETH)

Project Name: MetaSea Pirates
Sale Date: 30 May 2022
Price: 1.5 (SOL)
Items: 5,550
Market Cap: 8,325 (SOL)

Project Name: Sol Coin Collections
Sale Date: 11 Jun 2022
Price: 1.00 (SOL)
Items: 7,000
Market Cap: 7,000 (SOL)

Project Name: Pepe Frens
Sale Date: 10 June 2022
Price: 200.00 (CRO)
Items: 750
Market Cap: 150,000 (CRO)

* Collectibles data from Rarity Tools, Crypto.com

Top Artists

The following information shows selected top artists (by sales volume on each platform) and a sample of their art.

Platform: Crypto.com NFT
Artist: Cyber Cubs
Sales Volume (USD): $336,100

Platform: Magic Eden
Artist: Trippin’ Ape Tribe
Sales Volume (USD): $13,256,068

Platform: OpenSea
Artist: Otherdeed for Otherside
Sales Volume (USD): $30,014,670

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Key phrases

first NFT artist collaboration New Marketplace Protocol browserbased noncustodial wallet new trading experience Video game retailer meme stock company animated colour shift Weekly NFT Update green NFT marketplace Genesis NFT collection

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