Key Takeaways

• Last week, the Moonbirds NFT project has been dominating the daily and weekly trade volumes after its launch on 16 Apr. The collection of 10,000 PFPs was initially estimated to hit a minimum of US$ 66 million in sales, but actually pulled in at least $207 million or 69,000 ETH to date.  

• NFT marketplace Rarible recently added support for NFTs minted on Solana, and Solana NFTs will appear on the platform in coming weeks. Alongside this integration, it also announced the launch of  ‘Degeniverse’,  a custom marketplace for Degenerate Ape Academy NFTs.

• Leading Japanese social messaging app LINE announced that it has launched an NFT marketplace called LINE NFT. Available only in Japan, this marketplace will allow LINE’s user base of approximately 90 million to easily trade NFTs with friends. 

• LooksRare recorded a -7% decrease in sales and a +10% jump in transactions. OpenSea recorded a +7% increase in sales and a -9% drop in transactions.

Crypto.com NFT in the Spotlight

• The much-anticipated race in Miami is finally making its debut from 6 to 8 May 2022. As the official title partner of the inaugural event, Crypto.com is excited to present the first-ever ‘Miami Minted’ NFT collection, available exclusively on Crypto.com NFT. Collectors of this NFT collection will stand a chance to win* tickets to the hottest race of the season and limited-edition art prints signed by the artists themselves. Plus, collectors who own all eight ‘Track Segment’ NFTs will be airdropped a bonus ‘Full Track’ NFT.

• ‘The "Bull Run Crew’ is a collection of 10,000 3D dancing bulls that have been let loose on the blockchain. Armed with their own music and some super funky dance moves, the party never stops with the BRC. Created by artist & music producer Enchanted Future, this is the first PFP collection featuring full-body, 3D animated characters set to original music - with different dances, songs, and over 300 unique traits. Leading the crew is an elite group of ultra-rare legendary bulls, including the king of them all: the Golden Bull.

• ‘BeatHeadz’ is the PFP project for all music lovers on Crypto.com. Created by artist Phil Lumbang and musician Aloe Blacc, each of the 10,808 BeatHeadz in the collection is a digital collectible avatar with a unique combination of headphones, hair, eyes, clothing, and accessories.

Highlights

• Zombie CryptoPunk #7756 NFT sells for $3.2 million

• SuperPlastic to release BAYC vinyl collectibles

• Punk6529 launches Open Metaverse project with NFT museum district

• Cool Cats NFT drops a bombshell with Cooltopia launch

• ERC721-O: A standard interface and implementation for Omnichain NFT

• Hyundai doubles down on community NFT project with Meta Kongz collaboration

• Quik․com NFT domains marketplace allows users to mint crypto domain names with TLDs like dot metaverse and dot blockchain

• Chinese tech giant Huawei debuts NFTs

• NFT avatar startup Genies valued at $1B following Series C funding round

• Louis Vuitton to release new NFT collection

• NBA teases Ethereum NFTs for playoffs after launching Discord server

Transaction Volume Benchmark

* Week-on-Week (WoW) % change is calculated based on the differences between two subsequent 7-day periods
* Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date

* Transaction count & average price refers to the number of traders and average price of the 7-day period

* LooksRare launched on 10 January 2022

* X2Y2 launched on 16 February 2022

* LooksRare, OpenSea data from Dune Analytics

* X2Y2, NBA Top Shot data from DappRadar

* Solanart data from Solanart.io

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 top upcoming NFT sales and a sample of their art.

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

Project Name: Dragon Futurist
Sale Date: 25 Apr 2022
Price: 2.5 (SOL)
Items: 7,777
Market Cap: 19,442.5 (SOL)

Project Name: Crazy Karts Society
Sale Date: 26 Apr 2022
Price: 3.5 (SOL)
Items: 5,000
Market Cap: 17,500 (SOL)

Project Name: NextMoon
Sale Date: 30 Apr 2022
Price: 2 (SOL)
Items: 8,230
Market Cap: 16,460 (SOL)

Project Name: Chilled Camel Club
Sale Date: 29 Apr 2022
Price: 1.5 (SOL)
Items: 10,000
Market Cap: 15,000 (SOL)

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: Mad Hare Society
Sales Volume (USD): $4,000,000

Platform: Solanart
Artist: Degenerate Ape Academy
Sales Volume (USD): $123,876

Platform: OpenSea
Artist: Moonbirds
Sales Volume (USD): $294,820,954

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

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