Key Takeaways

• Social technology company Meta announced last week that it will start trialling NFTs as posts with a “digital collectible” label on its platforms. The digital asset functionality will allow users to display Ethereum and Polygon NFTs on their profiles, and will be launched on Facebook for select U.S.-based creators.

• Blue-chip NFT collection World of Women is teaming up with Hasbro and WS Game company to create its very own Monopoly NFT game. This partnership is the first of its kind in the NFT industry and opens up new possibilities for both the NFT and consumer products space. 

• On 3 July, Ethereum Name Service domain “000.eth” was sold for a record-breaking price of 300 ETH, which was about US$316,000 at the time of purchase. It marks the second-highest purchase since “paradigm.eth” was sold for 420 ETH in October of last year. 

• LooksRare recorded -26% and -17% decreases in sales and transactions, respectively. OpenSea‘s sales were negative at -13%, while its transaction count rose +14%.

Crypto.com NFT in the Spotlight

• Crypto.com NFT adds new security measures to further safeguard your NFTs, so you can withdraw digital collectibles with a full peace of mind. Adding features such as 24-hour withdrawal lock and whitelisting addresses provide added protection to Crypto.com NFT users’ accounts while offering greater flexibility. Read more about it on our website. 

• “Cosmic Metropolis” is here to offer you a space in which you can explore your imagination and ideas. From galactic landscapes to retro-futuristic scenes, artist Nibera created visual artworks and soundscapes that will inspire you to explore the universe in your mind. 

Highlights

• Ethereum Name Service registrations spike 216% in one week

• eBay files NFT & metaverse trademark applications

• Hundreds of Bored Ape owners sign up to hire out their NFTs to brands

• NFT traders show resilience despite falling transaction volume

• Oh no: Keanu Reeves is into NFTs now

• EIP-4907 proposed by Double Protocol has been finalised 

• SolSea Reborn goes live to revolutionize NFT utility on Solana

• Bentley Motors to launch eco-friendly NFT collection

• Premier League going ahead with NFT plans despite market slump

• NFT hype evidently dead as daily sales in June 2022 dip to one-year lows

• OpenSea data breach causes massive leak of users’ email addresses

• NFT artist raises $3 million to support abortion rights groups

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.

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

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

* Source: 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: 7LuX
Sale Date: 7 Jul 2022
Price: 1 (ETH)
Items: 20,000
Market Cap: 20,000 (ETH)

Project Name: Bearded Buddies
Sale Date: 04 Aug 2022
Price: 0.26 (ETH)
Items: 10,000
Market Cap: 2,600 (ETH)

Project Name: Cryptophants Preservation Club
Sale Date: 24 Jul 2022
Price: 2 (SOL)
Items: 9,999
Market Cap: 19,998 (SOL)

Project Name: Shibacademy NFT game
Sale Date: 30 Jul 2022
Price: 1.5 (SOL)
Items: 8,888
Market Cap: 13,332 (SOL)

Project Name: SolAngel
Sale Date: 10 Jul 2022
Price: 3.33 (SOL)
Items: 3,333
Market Cap: 11,098.89 (SOL)

* Sources: 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: Loaded Lions
Sales Volume (USD): $205,900

Platform: Magic Eden
Artist: DegenTown
Sales Volume (USD): $2,107,388

Platform: OpenSea
Artist: ENS: Ethereum Name Service
Sales Volume (USD): $7,635,100

Thank you for reading! We hope you find our Weekly NFT Update enlightening!

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