Weekly NFT Update (Week 29, 20/07/2022 – 26/07/2022)
Weekly NFT Update (Week 29, 20/07/2022 – 26/07/2022)LinkedIn founder Reid Hoffman transforms DALL-E 2 AI images into NFTs. SquareEnix celebrates 25 years of FFVII with NFTs. NFT market projected to be worth US$200B by 2030, Grand View Research reports.Key Takeaways
Crypto.com NFT in the Spotlight
Highlights
Transaction Volume BenchmarkSources:Magic Eden data refer to the on-chain activity of the tracked smart contracts.LooksRare, OpenSea, and Coinbase data are retrieved from Dune Analytics.Magic Eden, X2Y2, NBA Top Shot, and Solanart data are retrieved from DappRadar.Notes:1. Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date.2. Week-on-Week (WoW) % change is calculated based on the differences between two subsequent seven-day periods.3. Transaction count and average price refer to the number of traders and average price over the past seven days, respectively.4. LooksRare was launched on 10 January 2022.5. X2Y2 was launched on 16 February 2022.Top Collectibles* Source: CryptoSlam.ioThe following chart shows selected top NFTs and their historical floor prices. Upcoming NFT SalesThe following information shows the top upcoming NFT sales and a sample of their art. Project Name: MOTOR SPARKLY Project Name: Bearded Buddies Project Name: The Millie$ Club Project Name: Cryptophants Preservation Club Project Name: Smetanas * Sources: Rarity Tools, Crypto.comTop ArtistsThe following information shows selected top artists (by sales volume on each platform) and a sample of their art. Platform: Crypto.com NFT Platform: Magic Eden Platform: OpenSea Thank you for reading! We hope you find our Weekly NFT Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! If you liked this post from Crypto.com Research, why not share it? |
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Weekly Update - Layer 1 & Layer 2 News (Week 29, 19/07/2022 – 25/07/2022)
Tuesday, July 26, 2022
Vitalik Buterin: Ethereum would only be roughly "55% complete" following its transition to proof of stake. Sustainable $BTC mining power mix hits 59.5%. Polygon launches zkEVM layer-2
Market Pulse by the Crypto.com Research & Insights Team (Week 29, 18/07/2022 – 24/07/2022)
Monday, July 25, 2022
Fed rates decision incoming – how do BTC and ETH react? ETH exchange balance falls to new low likely due to upcoming The Merge catalyst.
Weekly NFT Update (Week 28, 13/07/2022 – 19/07/2022)
Wednesday, July 20, 2022
Polygon joins Disney's NFT AI Accelerator Program. GameStop generated US$1.98M worth of NFT sales on its first day. Users can now purchase OpenSea collectibles on CryptoComNFT.
Weekly Update - Layer 1 & Layer 2 News (Week 28, 12/07/2022 – 18/07/2022)
Tuesday, July 19, 2022
$ETH's price rises 12% ahead of the Merge, and Vitalik Buterin responds to PoS critics. Heat wave halts Bitcoin mining in Texas. Lido plans to bring $stETH to layer-2 networks.
Market Pulse by the Crypto.com Research & Insights Team (Week 28, 11/07/2022 – 17/07/2022)
Monday, July 18, 2022
ETH is gaining momentum, up 24.1% in the past one month. BTC options implied vols remain subdued. BTC perps funding rates continue to print positive.
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