LT;DR Feb. 2 NFT Recap: Pixel Vault Investors

John NannettiJohn Nannetti
LT;DR Feb. 2 NFT Recap: Pixel Vault Investors

Top News Today:

  • Pixel Vault Investors

  • Larva Labs Emerges

  • ChainFaces Arena Ends

  • Top Movers

Pixel Vault Investors

Punks Comic creator Pixel Vault gets $100 million in funding from Velvet Sea Ventures, TechCrunch reports. Planning to build the " decentralized Marvel" Pixel Vault has now acquired a massive vault to execute their goals. The project has seen nearly 100,000 ETH in lifetime transaction volume, securing this funding Pixel Vault will look to expand the comics and MetaHero universe. Since the announcement Punks Comic has jumped over 1,000% in volume. 

 

Larva Labs Emerges

Larva Labs creator of CryptoPunks announced it would “take action” against the Wrapped CryptoPunks v1 collection saying it has “no right to use the art or the name.” The normally silent company sold some of its Wrapped CryptoPunks for a 210 ETH profit to “signal our distaste for (the project),” according to a Discord statement. Since the announcement The Wrapped Cryptopunks have dropped to around a 15 ETH floor after being above 20 ETH yesterday.  

ChainFaces Arena Ends

ChainFaces Arena ended late last night with Bears Deluxe NFT winning the $140,000 prize. Nate Alex, creator of ChainFaces, live tweeted the finish at 3:00 am ET, with the bounty hitting $80,000 per NFT at one point. Participates who were still left were faced with a tough decision in the closing hours of the game. 


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  • Azuki slows as the whole market takes a little hit, OpenSea API outages has hurt volume down 72%. 

  • Clone X down in volume, still good numbers across the board, 2,600 ETH in 24 hour volume. 

  • Lives of Asuna has been steadily going down in volume just short of 2,000 ETH. 

  • Check out Lucky Trader's full NFT project rankings here


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