Key Takeaways

• Polygon joins Disney’s NFT AI Accelerator Program as the sole native blockchain. In Disney’s press release, Polygon is among six companies selected for the Accelerator, which focuses on building the future of immersive experiences using technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI).

• GameStop NFT marketplace reportedly generated around $1.98M worth of NFT sales on its first full day of business. The platform charges a 2.25% fee on NFT sales, equating to roughly $44,500 worth of fees.

• Users can now discover and purchase OpenSea collectibles on the Crypto.com NFT platform. There are no gas fees charged when users list and sell the collectibles to their fellow Crypto.com NFT users.

• LooksRare recorded a +19% increase in sales and a -2% decrease in transactions. Meanwhile OpenSea‘s sales were negative at -6%, while its transaction count also decreased -13%.

Crypto.com NFT in the Spotlight

• The upcoming collection “To the Moon” by Cristóbal Balenciaga features over 8,000 never-before-seen designs. In respect to the women Cristóbal designed for, this drop will feature a plethora of redeemables such as Balenciaga gear, gift cards to designer brands, and even the 70-year-old drawings by Cristóbal. 

• “The Culture of Tarogramma” features NFTs which serve as artifacts from the fictional world of Tarogramma. Each NFT reveals something of the unique rituals, history, and culture of The Land of Tarogramma; from mystical regions to quiet cafes. 

Highlights

• Announcing OpenSea’s Solana launchpad

• Time Magazine looks to turn all future subscriptions into NFTs

• CryptoPunks floor price tops $100K in ETH for first time in two months

• Hyundai files new trademark for NFTs and VR

• The NFL scores a touchdown with its NFT ticket stub initiative

• Quik․com opens minting for NFT domain names

• Funko plans to launch Jay and Silent Bob NFT collection via the digital collectibles platform Droppp

• Care Bears launches NFTs to celebrate its 40th anniversary

• Legendary Rockers the Goo Goo Dolls launch debut NFT collection

• Rankings: Most popular Decentraland wearables creators

• Bored Apes creator warns of threat group targeting NFT communities

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

Project Name: Krilian. The change!
Sale Date: 9 Sep 2022
Price: 0.2 (ETH)
Items: 8,888
Market Cap: 1,777.6 (ETH)

Project Name: Cyber Knights
Sale Date: 31 Jul 2022
Price: 0.15 (ETH)
Items: 10,000
Market Cap:1500 (ETH)

Project Name: Arctic Alligators
Sale Date: 22 Aug 2022
Price: 0.08 (ETH)
Items: 10,000
Market Cap: 800 (ETH)

Project Name: Shibacademy NFT game
Sale Date: 30 Jul 2022
Price: 1.5 (SOL)
Items: 8,888
Market Cap: 13,332 (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): $134,100

Platform: Magic Eden
Artist: Liberty Square: The Sinister Squirrel Syndicate
Sales Volume (USD): $1,309,701

Platform: OpenSea
Artist: CryptoPunks
Sales Volume (USD): $23,448,744

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

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