Apr. 25 NFT Recap | OpenSea Acquires Gem.xyz
Welcome to LT;DR, the Lucky Trader Daily Recap. This recap showcases the top NFT news each day.
The top news for Apr. 25 includes OpenSea sweeping Gem.xyx, Ryan Carson resigns, Bored Ape Instagram hack, and top NFT movers.
OpenSea Acquires Gem.xyz
OpenSea has acquired Gem, the popular NFT marketplace aggregator, to advance its "pro" experience for users.
OpenSea will implement existing features available at gem.xyz that have helped lead Gem to become the leading NFT marketplace aggregator.
Gem assured users that functionality will remain the same after the acquisition.
For more information on this story read Lucky Trader's full article here.
Ryan Carson Steps Down as PROOF Collective COO
After an interesting couple of weeks for the PROOF Collective, Ryan Carson has resigned from the COO position.
Following criticism on Twitter that Carson's newly formed venture fund could become a conflict of interest, Carson announced his resignation.
For more information on Carson's move read Lucky Trader's full article here.
Bored Ape Instagram Hack
Bored Ape Yacht Club's (BAYC) Instagram was hacked this morning, posting a link to a fake Yuga Labs land airdrop website.
The hacker subsequently stole more than $2 million from unsuspecting victims who connected their wallets to the site.
In an unfortunate turn of events nearing the "Otherside" land mint, the team assured the community they have a team of security experts handling the issue.
We have two full time security experts, and the account practices on IG were tight.
— Garga.eth (@CryptoGarga) April 25, 2022
For more information on the hackread Lucky Trader's full article here.
Top NFT Movers
Moonbirds continues to lead the project rankings page after a week of incredible volume. The ecosystem sees a more even distribution to start the week with the top three performers all falling between 2,500 ETH - 3,000 ETH volume.
Mutant Ape Yacht Club down a bit since the weekend but still performing well over 2,600 ETH in volume last 24 hours. The impending "Otherside" land drop continues to push sales forward for Yuga's primary collections. BAYC, MAYC, and BAKC all gained over the weekend heading into the last week of Apr.
Bored Ape Yacht Club continues to push the floor higher as the impending drop is rumored to benefit the Bored Apes the most. 145 ETH an all-time high floor price as the community awaits the final details on Yuga's minting plan.
Check out Lucky Trader's full NFT project rankings here.
- Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers.
