Key Takeaways

• On 19 January, Microsoft announced that it will acquire gaming giant Activision Blizzard in a deal valued at $69B. With the deal, Microsoft says it will develop ‘building blocks for the metaverse’.

• Twitter launches NFT profile picture verification on 21 January. With this adoption, users can associate their Twitter account with a connected wallet address. 

• Italian luxury fashion house Prada and sportswear giant Adidas will launch new NFTs on Polygon between 28 - 31 January. The collections are​​ designed by the digital artist Zach Lieberman, and the overall sale will be donated to a charity supporting artists and creators. 

• LooksRare recorded a +2% increase in sales and a -30% drop in transactions. OpenSea suffered a front-end attack with the exploiter withdrawing $800K on 24 January 2022. OpenSea recorded a +10% increase in sales and a -16% drop in transactions. 

Crypto.com NFT in the Spotlight

• To celebrate the NBA’s 75th anniversary, the 76ers launched a new NFT collection ‘76ers Legacy 07: Our Show’ to showcase their exclusive history. The 76ers are one of the most storied franchises in the NBA, having won three World Championships, earning nine trips to The Finals and making 49 playoff appearances over 70 seasons.

• Elsa Majimbo, Mohamed Kheir, and Pepijn Temming are multi-award-winning designers in comedy, design, and architecture. Their latest NFT collection, ’The Alphabet’, brings to life the foundational building blocks of our stories – letters.

• Newk3d is a Norwegian 3D artist with a passion for digital art and creating in general. His style consists of flashy iridescent metals that catch the eye. ‘CRYPTOSKELETONS’ are the skeletal crypto gods of the universe, which guard the realms of decentralization and are always providing profit for their many worshippers.

Highlights

• NFT marketplace OpenSea buys Ethereum wallet Dharma Labs

• Coinbase partners with Mastercard for NFT marketplace purchases

• Ethereum NFT app POAP raises $10M to fund development

• NFT gaming investor Animoca Brands valued above $5B after $359M raise

• Cryptocurrency exchange Bybit launches NFT marketplace

• NFT marketplace LooksRare sinks fangs into OpenSea with ‘vampire attack’

• Solana NFT total sales volume crosses $1B

• Meta experimenting with NFT marketplace on Instagram

• JPMorgan reveals Ethereum’s main rival in NFT

• Soccer star Neymar Jr. buys and shows off his Bored Ape Yacht Club NFT

• Australian Open partners Decentraland for official grand slam in Metaverse

• NBA Top Shots NFT sales surged 72% in the past month

• Lamborghini reveals ‘secret artist’ behind its first NFT collection

• OpenSea faces front-end vulnerability, user makes 347 ETH exploiting it

• Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest

• Quentin Tarantino enters the world of NFTs – and is immediately sued

• OpenSea exploit: Bored Ape 8924 scooped at 92% discount of floor price

• Paris Hilton says that the Metaverse will be the ‘future of partying’

• China’s BSN names eight partners for its non-crypto NFT platform

• Solana NFT project rug pulls investors for $1.3M—despite civic 'verification'

Transaction Volume Benchmark

* OpenSea and NBA Top Shot data from DappRadar

* MakersPlace data from NonFungible.com

* Solanart data from Solanart.io

* Nifty Gateway data from data mining in Cryptoartpulse.com

* LooksRare data from Dune Analytics

Top Collectibles

* Collectibles data from CryptoSlam.io

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

Top Artists

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

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

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