Bored Ape Yacht Club Founders Respond To AllegationsRead More

gm NFTs Mar. 17 | ApeCoin Claiming Goes Live

Connor MelhornConnor Melhorn
gm NFTs Mar. 17 | ApeCoin Claiming Goes Live

Today's Top News:

  • ApeCoin Claiming Goes Live
  • Market Movers
  • NCAA and NFTs
  • Rarible Marketplace Update

ApeCoin Claiming Goes Live

At 8:30 am ET this morning, ApeCoin claiming went live for all holders of Bored Ape or Mutant Ape Yacht Club assets.

To learn more about the important details, refer to our piece which breaks down the details of the ApeCoin announcement. As some expected, the early trading of $APE has been quite volatile.

Prices early on stood above $10, but have since fallen to $7.48 at the time of writing. You can view the details at the ApeCoin CoinGecko page

More details about ApeCoin and performance will be shared later today in our weekly NFT Token Talk article! 

Market Movers

Bored Ape Yacht Club, which released information on the ApeCoin yesterday, claimed the top three spots on the 24-hour OpenSea Top Collection Chart with Mutant Ape Yacht Club and Bored Ape Kennel Club also seeing increased volume.  

  • Bored Ape Yacht Club saw roughly 12,600 ETH in volume traded over the last 24 hours, up 1,397.44%.
  • Mutant Ape Yacht Club saw roughly 7,900 ETH in volume traded over the last 24 hours, up 551.97%.
  • Bored Ape Kennel Club saw roughly 3,600 ETH in volume traded over the last 24 hours, up 714.11%. 

Bored Ape Yacht Club floor price now sits at 103 ETH after dipping to 69 ETH last week.  

Read more on the token distribution here.

Martian Premier League is now charting on OpenSea Top Collections on the 24 hour table after seeing close to 1,000 ETH traded in the last 24 hours post allowlist sellout.  The floor now sits at 0.17 ETH.

A handful of other "Blue Chip" projects also saw increased volume yesterday, with Clone X, Meebits, Azuki, and Cyber Brokers all posting positive day-over-day volume of at least a 93% increase.  While volume increased for all these projects, all floor prices trading zones remained stagnant or dropped up to 30%.

Doodles and Invisible Friends also saw some decent volume yesterday, posting 22 and 41 sales respectively, pushing the Doodles floor to 11.5 ETH and Invisible Friends to 6.6 ETH.

Univ. of Arizona and NFTs

Yesterday, March 16, the University of Arizona and Arizona Assets emerged as the first NCAA school to sign a commercial license agreement related to using university-owned copyright, logos, and marks for the creation of NIL (name, image, likeness) themed NFTs found on the blockchain. 

Arizona Assets, which parent company is IPAssets, is currently in the development phase of a program that provides vertically integrated blockchain tools ranging from wallets, asset viewers, cloud storage content, and a VR art gallery set to release in Summer of 2022. 

The first release of digital assets will be individually curated football jerseys of each respective player.  Student-Athletes are provided two different individually personalized digital collectibles (60 total units for sale) and are allocated a net revenue of 80% of sale. 

Rarible Marketplace Update

Earlier this morning, Rarible released that Polygon assets will be included to the total multi-chain expansion, joining Ethereum, Tezos, and Flow assets.

Polygon, the sidechain scaling solution (Layer 2), continues to see increased attraction from investors and new marketplaces joining the race for Web3.0 dominance as Polygon enables cheaper and faster transactions than the Ethereum mainnet through the use of proof-of-stake model.

Rarible also indicated that it formed a partnership with Polygon Studios, which provides development and marketing support to Layer-2 NFTs, gaming, and metaverse projects. 

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