The Latest in NFT News | Web3, Art, Gaming, Metaverse, Collectibles and More
Forbes introduced the Legacy Pass, a unique series of 1,917 soulbound passes for web3 innovators with benefits for personal and professional development.
The Deets
- Soulbound Tokens: 1,917 individually assigned, non-transferable digital passes.
- Exclusive Membership: Access to a flagship club for creators and entrepreneurs.
- Anticipated Benefits: Promised perks and development benefits for holders, details forthcoming.
The Bulk
Forbes introduced its Legacy Pass, 1,917 soulbound passes.
This won't be Forbes' first experiment in web3. The media brand immortalized its Under30 list on the blockchain and will build on this foundation with the Legacy Pass.
Users can sign up for the waitlist while future details are expected soon.
๐ค Platform Prose
Since its establishment in 1917, Forbes has been at the forefront of human achievement and technological progress. In this spirit, we introduce the limited series Legacy Pass collection, dedicated to you - the visionaries and builders that make up Web3.Forbes
๐ฌ Take Action
Those interested can sign up for the waitlist now.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
TylerD's Market Summary
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๐ NFT Market Weekend Recap
Solana memecoins. And Bitcoin NFTs.
That's shaping up to be the optimal portfolio headed in to the 2024 cycle.
And events this weekend further cemented that thesis.
What Happened?
Early this morning, famous crypto trader GCR won the Dog Wif Hat 1/1 auction on Foundation.
For $4.3M (1,210 ETH).
This just went down as one of the single biggest NFT sales (especially 1/1s) since the 2021 boom.
It also comes as a signal that the dogwifhat ($WIF) meme is here to stay ($WIF has rallied 25% since the sale to $3.17).
And likely the entire memecoin sector, which many are predicting to get to $1T in a true crypto bull run cycle.
That idea may have been insane even a week ago, but after seeing $BOME launch late last week and run to $1.8B in market cap in <checks notes> 2 days, anything seems possible.
Solana has been a big winner of this meme cycle, reaching $206 this morning and up 45% on the week.
The other major winner from the weekend?
Bitcoin NFTs.
Bitcoin NFT Market Overview
After a 2-week lull, Bitcoin NFTs are booming again.
And Runestones are likely to thank.
The biggest airdrop in BTC history went down late last week with Runestones airdropped to 113,000 wallets.
The market gobbled them up, running to 0.046 BTC at peak before settling at 0.038 BTC this weekend ($2,600 & a $294M mc).
That pump was a welcome liquidity injection, stimulating the whole market.
Notable leaders and their weekly change:
- NodeMonkes at 0.75 BTC (+50%)
- OMB at 0.48 BTC*
- Quantum Cats at 0.36 BTC (+20%)
- Bitcoin Puppets at 0.257 (+49%)
- RSIC at 0.079 (-30%)
- Nat Cats at 0.073 BTC (-40%)
A few notes:
- OMB was at 1.3 BTC floor last week but dipped to 0.38 after the Orange Eyes expansion mint (now back up 25% to 0.48)
- Nat Cats and RSIC are down on the week but both up 30 to 100% from local bottom
- Bitcoin Puppets got another airdrop with Rune Pups, trading at 0.016 BTC and tied to the rocketing $PUPS token (a BRC20 converting to runes)
With ETH and SOL NFTs seeing continued bleeding, it's clear that the Bitcoin ecosystem is the place to focus right now.
ETH NFT Market
The pain continues on ETH, though there are a few bright spots.
Let's look at the damage (weekly % change):
- Punks at 48.9 ETH (-2%)
- BAYC at 13.65 ETH (-17%)
- Pudgy Penguins at 10.38 ETH (-24%)
- Captainz at 3.85 ETH (-24%)
- Azuki at 3.82 ETH (-6%)
- Milady at 3.36 ETH (-28%)
- Kanpai Pandas at 2.67 ETH (+3%)
- MAYC at 2.23 ETH (-14%)
- Doodles at 1.55 ETH (-17%)
- DeGods at 1.48 ETH (-5%)
So basically everything is down 10-20%.
Punks are holding strong at $175k floor, and Kanpai is holding up in the low mid-tier.
But that's pretty much it.
Parallel Avatars were a notable winner, up 40% on the week to 1.27 ETH after the Colony whitepaper and Parallel's new AI innovations wowed the market.
Other than that - it's just pain. With no real end in sight.
Solana NFT Market
Solana the token is one of the best stories in crypto right now.
It soared 45% this week to $206 and flipped BNB in the process to become the #4 crypto token by market cap in the world.
Solana NFTs on the other hand? Not as hot.
Perhaps unsurprisingly, the NFTs didn't fare well with a 45% rise in the native currency.
A few notable floors:
- Mad Lads at 174 SOL (-12%)
- Tensorians at 48 SOL (-12%)
- Claynos at 19 SOL (-35%)
- Bodoggos at 6 SOL (-10%*)
- Frogana at 2.35 SOL (-60%)
So the leaders held up relatively ok with the rocketing SOL price, but the rest, not so much.
Bodoggos briefly jumped 100% last week as founder Nick went viral along with his "Choose Rich" slogan, but it wasn't enough to sustain the NFTs, now fully roundtripped back to 6 SOL after reaching 12.
With the memecoin casino gaining all attention on Solana, it's hard to see the NFTs thriving anytime soon.
But airdrop SZN may be enough to help sustain floors a bit longer.
๐ What else is happening in NFTs?
Here is the list of other notable headlines from the weekend in NFTs:
- BTC led NFT trading volume with $24M on the day; ETH was next with $11.6M and then Solana with $10M
- The BTC NFT board was washed in green (prices above); Runestones led volume with 175 BTC, then NodeMonkes and OMB with 83 and 80
- Rune Pups were airdropped to Bitcoin Puppets owners (0.016 BTC), redeemable for a portion of 23% of the $PUPS runes coin
- BAYC led volume on ETH though with its floor falling 5% to 13.65 ETH; most leaders down 2-5%
- alignDRAW was a top winner, +63% to 1.55 ETH; Parallel Avatars spiked 30% to 1.27 ETH following $PRIME
- Solana NFTs were red over the weekend as SOL pumped; Mad Lads even at 174 SOL, Tensorians -5% to 48, Frogana -14% to 2.35; Claynos -15% to 19
- nftperp officially launched on Blast, including a new "Degen Draw" raffle game, 100% of Blast airdrop to its community, additional $VNFTP rewards and more
- Wasabi added leverage trading for the $YES token, following its $MOG launch
- Starbucks announced it will be sunsetting its web3 program Odyssey on March 31
๐ฐ Token, Airdrop & Points Tracker
Here's a rundown of major token or airdrop news from the weekend:
- ArcadeDAO raised a proposal to make its $ARCD token transferable (meaning TGE)
- $PRIME rallied 16% to $25.36 after its groundbreaking Colony whitepaper
- $PUPS soared over 160% to $4.64 over the weekend as Rune Pups were airdropped
๐ Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are green this morning after a weekend pull back; BTC +2% at $68,300; ETH +0.7% at $3,600; SOL +8% at $207
- $BOME saw over $3.75B in volume in a single day, briefly going as high as $1.8B before falling over 50% to $800M
- WIF rallied past $3 on Sunday after Elon posted an (unrelated) picture of dogs, then falling back to $2.40 before GCR's $4.3M buy sent it back to $3.20
- Solana outpaced ETH in onchain trading volume Sunday, with Solana DEX's combining to beat Uniswap on the day
- Presales were the rage this weekend, following $BOME's run; $NAP raised $10M, $SMOLE raised $30M, $LIKE raised $15M and then last night $SLERF burned $10M in presale liquidity in stunt
๐ NFT Total Volume
- Runestones ($11.6M ETH, 0.038 BTC floor)
- BAYC ($5.9M ETH, 13.65 ETH floor)
- NodeMonkes ($5.7M, 0.75 BTC floor)
- OMB ($5.4M, 0.48 BTC floor)
- Pudgy Penguins ($2.9M, 10.38 ETH floor)
๐ NFT Floor Price Increase (ETH)
- DystoPunks (64%, 0.31 ETH Floor)
- alignDRAW (63%, 1.55 ETH)
- Lasogette (52%, 0.19 ETH)
- Abasho (45%, 1 ETH)
- Parallel Avatars (30%, 1.27 ETH)
๐ Upcoming NFT Mints and Reveals
Today is a busy day of drops to start the week, focused in the art sector.
OSF is launching his Professional Degen 5 as a free mint with an extensive WL tiering system.
Richard Nadler is doing his first Bitcoin drop with Memento Mori, with 190 pieces up for sale in a 24 hour ranked auction.
And Lucrece is back with BitMON, coming to Ordinals for Defy Pass holders.
See the full list and dive in for more details with Swizzy's daily mint monitor.
- OSF Professional Degen 5 (12:00 p.m. ET)
- Orcneas (12:00 p.m. ET)
- Richard Nadler - Memento Mori (1:00 p.m. ET)
- Lucrece - BitMON (5:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.
TylerD's Market Summary
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๐ฎ Parallel Colony to Launch on Solana
Parallel and its $PRIME token have been widely considered the strongest best on web3 gaming in an increasingly crowded sector.
For many, $PRIME has been the index play for those who want exposure without diving in.
Well now, that index play adds AI to the mix plus a dose of Solana exposure.
What Happened?
Last night Parallel dropped its whitepaper for its upcoming Colony game.
Its tagline "AI-powered survival simulation game...set to redefine the gaming landscape" might even be an understatement, based on early reactions.
TLDR
- Parallel Colony will be released on Solana
- Introduced a new omni-chain tool called "Wayfinder" for AI onchain interaction
- Announced a new AI token launch $PROMPT
- $PRIME stakers to receive 45% of $PROMPT over 3 years
The AI component is the real highlight here, with many already calling it a massive innovation.
Jay compares what Parallel is doing with onchain AI to what Uniswap did for onchain liquidity:
Parallel has:
- "built out an AI/LLM with a game as the front-end (adding a play2earn twist to it)
- split out the AI/LLM component so *ANY* one can use it and build their own front-end (interface)
- whipped up a new token (for the AI/LLM infra) to create a synergy between the $PROMPT <> $PRIME"
Sounds like a big deal.
Market Response
The market liked the news.
- $PRIME soared 13% to $21 and a $550M market cap ($2.35B FDV).
- Parallel Avatar NFTs climbed 30% to 1.15 ETH
That upwards price action looks even better against the massive red day in the broad crypto markets yesterday (BTC and ETH both down 8%, alts down much more).
Why It Matters
Memecoins aside, AI and web3 gaming are likely 2 of the biggest trends and sectors of the crypto market expected to outperform this cycle.
Parallel combines them both.
And from what I understand, they do it very well.
If the game performs well, and the AI interaction is good/innovative - the token looks very attractive at these price levels.
Expect more and more attention on Parallel as the game launch gets closer.
๐ What else is happening in NFTs?
Here is the list of other notable headlines from the weekend in NFTs:
- ETH led NFT trading volume with $16M on the day; Solana was next with $8.4M and then Bitcoin with $8.6M
- Pudgy Penguins led volume on ETH and held steady at 11 ETH; most leaders saw slight red, down 1-3%; Captainz +3% to 4.11
- Smowls were a top mover following the success of $BOME, jumping 180% to 0.44 ETH; Parallel Avatars +35% to 1.2
- The BTC NFT board saw more red with most majors down 10-15%; NodeMonkes at 0.49 BTC; Bitcoin Puppets at 0.15, Quantum Cats at 0.26, RSIC at 0.068
- A Taproot Wizard effectively sold at Sotheby's for $127,000 (1.8 BTC) as a Gold Cape Quantum Cat went up for auction
- New mint C.O.C.K.S. sold out at 0.00099 BTC and ran to a 0.004 BTC floor at peak (now 0.0012)
- Tensorians soared 21% to 63 SOL leading Solana NFTs; Bodoggos +10% to 10, Mad Lads -3% to 193 and Frogana -35% to 3.74
- Magic Eden, Yuga Labs, and the Creator Alliance sent commemorative NFTs created by Cool Cats founder, Cloncast, to NFT collectors
- NBA Top Shot is memorializing the best block of the season with its new The Block moment from Anthony Edwards
- The owners of Achi (the dog from dogwifhat) are auctioning off the original image as a 1/1 NFT on Foundation (opening bid at 5 ETH)
๐ฐ Token, Airdrop & Points Tracker
Here's a rundown of major token or airdrop news from the weekend:
- The $PAC Airdrop 1 claim went live, opening at a $25 market cap; Airdrop 2 will come in 2 weeks, given to top creators based on X impressions
- Runestone began its massive BTC airdrop to 112,000 wallets on Thursday, with the floor opening at 0.012 BTC on 85 BTC trading volume
- Pike Finance will open its "S Tier" claims today, with other tiers (including NFT holders such as Mad Lads, DeGods, Tensorians, Azuki, Pudgy Penguins, Beanz, and more) announced soon
- Shuffle officially launched airdrop 1 of its $SHFL token
๐ Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are very red this morning; BTC -7.8% at $67,085; ETH -8% at $3,640; SOL -1.5% at $168
- $BOME was the dominant memecoin of the day, soaring 500% to $340M
- Crypto.com added support for $MOG, sending the token up 20% to $0.05 ($500M)
- Jupiter launched a "Value-Average" function allowing users to auto-invest based on price action
- The Avalanche foundation revealed its memecoin holdings to the public, including Coq Inu, Gecko, Kimbo, NoChill and Tech
- Pallet, the leading SEI NFT marketplace, announced a private raise of $2.5M with marquee investors such as Coinbase, MoonPay, Beanie, gmoney & more
- Parallel announced a partnership with Helika Gaming to "grow and optimize Parallel's AI Gaming ecosystem"
๐ NFT Total Volume
- Runestones ($5.8M, 0.012 BTC floor)
- Pudgy Penguins ($2M, 11 ETH floor)
- BAYC ($$2MM, 13.7 ETH floor)
- Pandora ($1.9M, 5.49 ETH floor)
- Mad Lads ($1M, 189 SOL floor)
๐ NFT Floor Price Increase (ETH)
- Smowl (160%, 0.42 ETH Floor)
- Lasogette (60%, 0.13 ETH)
- Forgotten Runes Wizards (40%, 0.5 ETH)
- Parallel Avatars (27%, 1.13 ETH)
- Kaiju Kingz (24%, 0.19 ETH)
๐ Upcoming NFT Mints and Reveals
Today is a slower day of drops but a huge one for Bitcoin.
OMB (I mistakenly thought was yesterday) drops its expansion set Orange Eyes this morning.
Price is 0.09 BTC for holders, 0.29 BTC for WL and 0.99 for public.
It's been a rough stretch for Ordinals, so we'll see if this hyped new drop brings energy to the market (or sends prices down even further).
See the full list and dive in for more details with Swizzy's daily mint monitor.
- OMB - Orange Eyes (9:00 a.m. ET)
- Ordinal Heroes (11:00 a.m. ET)
- Memes by 6529 (11:00 a.m. ET)
- Sotheby's Revolutionaries (2:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.
Animoca Brands announced a strategic investment in Param Labs, a UAE-based gaming infrastructure innovator.
The Deets
- Strategic Investment: Animoca Brands injects funds into Param Labs to accelerate web3 and digital property rights initiatives.
- Game Development: Kiraverse, a flagship web3 game, offers digital asset competition and trading.
- Innovative Tech: Pixel-to-Poly technology transforms 2D images into 3D in-game characters.
- Esports and Ecosystem Growth: Partnerships with esports giants and a forthcoming ecosystem token launch.
The Bulk
Param Labs, stationed in the United Arab Emirates, and Animoca Brands solidified their partnership with a strategic investment aimed at enhancing web3 infrastructure.
Kiraverse, the cornerstone of Param Labs' portfolio, is a web3 multiplayer third-person shooter game that champions digital ownership and the trade of in-game assets like characters and skins.
Additionally, Param Labs is pioneering the Pixel-to-Poly service, enabling the conversion of 2D images into 3D playable characters.
๐ค Founder Feedback
This strategic investment from Animoca Brands propels us towards redefining digital ownership in gaming, aligning with our mission to pioneer innovative shifts within the industry.Anthony Anderson, CEO of Param Labs
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Avalanche Foundation dicslosed its memecoin positions to its community this morning.
The Deets
- Community Support: Foundation announces first five community coin holdings.
- Transparency Pledge: Regular updates on holdings to foster clear communication.
- Eligibility Guidelines: Coins must align with Avalanche’s commitment to fair Web3 practices.
- Adaptive Strategy: Flexibility in criteria to accommodate evolving crypto landscapes.
The Bulk
The Avalanche Foundation officially announced its community memecoin holdings to the public. This move is part of the Foundation’s broader Culture Catalyst program, designed to nurture web3 creators, spur innovation, and accelerate blockchain adoption across the board.
The initial batch of community coins acquired includes Coq Inu, Gecko, Kimbo, NoChill, and Tech, each selected based on stringent criteria that underscore a commitment to Avalanche and fair web3 practices.
But the Foundation is evaluating other coins for future addition, including ERC404s and beyond.
โWhy It Matters
The Avalanche Foundation acknowledging the legitimacy of memecoins and their ability to foster network usage and growth marks a major milestone for legitimate adoption of memes from bigger blockchain players.
๐ What's Next?
The Foundation's initiative is ongoing, with plans to continuously evaluate and potentially incorporate more community coins into its holdings.
๐ค Blockchain Bellows
The Avalanche Foundation is proud to support a range of culturally important Web3 projects, and to celebrate vibrant and unique Web3 culture on Avalanche.Avalanche Foundation
For more web3 and NFT news, visit the Lucky Trader newsfeed.
TylerD's Market Summary
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๐ถ๐งข Sphere WIF Hat Is Happening
If you've been following the crypto market even loosely over the past few months, one new trend has stood out.
Memecoins. And memecoin mania.
And that mania is about to go to the next level.
What Happened?
Notable crypto X influencer Ansem started a campaign on March 9 to get the viral Dogwifhat ($WIF) meme on the Las Vegas sphere.
The cost was $650,000 to be featured on the Sphere, for a week.
Well, the memecoin degens raised the money in less than 5 days, breaching the target goal of $650k yesterday (with some help from Phantom Wallet).
And the market absolutely loved the news.
$WIF soared 47% on the day to $3.25 and a whopping $3.25B marketcap.
For perspective, that makes $WIF (a memecoin) the 45th most valuable crypto token in the world. It flipped notable alts Arbitrum (51) and Celestia (48) in its run-up.
Why It Matters
There is a very real scenario now where the "memecoin supercycle" thesis plays out.
It was a big tongue in cheek before, but not anymore.
The thesis is basically this:
Market participants are tired of betting on the 50th new L2 or alt-L1 that does virtually the same thing as the infrastructure we already have in place and are ready to place bets on the simplest culture-based assets out there - memes.
It's the "crypto is a casino" thesis played out to its natural end state.
Memes are easy to bet on because they are very few risk factors involved (once a few basic things happen like the dev leading, liquidity getting burned, etc.).
In this scenario (if it plays out), 4-5 memecoins become top 10 crypto tokens by market cap this cycle. And dozens of others reach high-9 figure to 10-figure market caps.
That statement seemed outlandish just a few months ago, but now Doge and Shiba are both top 11, and Pepe (31) and WIF (45) are in the top 50.
And real crypto thought leaders (like Raoul Pal) are consistently talking about memes like WIF on their streams and X pages.
The memecoin supercycle is likely happening - now it's time to figure out how to play it.
๐ Magic Eden Diamonds Are Live
Magic Eden has been busy.
After announcing their Magic Eden wallet and ETH NFT marketplace, they have soared to the top of the market place wars.
In the past week, they led all chains with 36.7% marketshare (Blur next at 29.8% and OpenSea at 9%).
This come up drove expectations for their recent Diamonds claim (points) high, and they seemingly delivered (though with a twist).
What Happened?
Yesterday, Magic Eden's Diamond claim for OG ETH NFT traders went live.
Points were rewarded based on historical activity and factors such as royalties paid, total trading volume and more.
And the rewards seemed fairly good, with traders receiving anywhere from 15k Diamonds to 120k based on those factors above.
But the catch? Up to 5x those rewards are available to those who choose to go on quests (farm Magic Eden).
Diamond Quests look like this:
- Buying NFTs
- Listing NFTs
- Making collection offers
Pretty standard farming activities. And more are expected to come.
Now the question is - why? Why farm Magic Eden Diamonds?
Why Magic Eden Diamonds Matter - $NFT
Recall the Non-Fungible DAO. Magic Eden is effectively going on a decentralization journey.
Magic Eden's Non-Fungible DAO TLDR:
-
A new DAO with the mission to "develop and drive adoption" of decentralized NFT protocols
-
The DAO owns and governs Magic Eden's smart contracts across the 4 major NFT blockchain ecosystems
-
$NFT will be a governance token used to control and steer the DAO
-
The $NFT token will be allocated to the NFT community and earned by those who use the DAO-governed protocols (i.e. Magic Eden)
While it's not confirmed, it's not hard to guess that Diamonds turn into $NFT tokens.
And those tokens are seemingly going up in value as Magic Eden soars up the marketplace leaderboard.
Will their lead grow? We are about to find out.
๐ What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
- Ethereum led NFT trading volume with $17M on the day (-20%); BTC was next with $13.9M (-16%) and then Solana with $11.3M (been)
- The ETH NFT leaders were very red again; BAYC -4% at 14 ETH, Pudgy Penguins -12% to 11.3, DeGods -15% to 1.33
- SMOWL was the top performer on ETH, jumping 300% to 0.19 along with Asterix +45% to 1.45; Pandora jumped 11% to 6.66 ETH
- Renga NFT holders will get a free mint from DirtyRobot on March 21 at 4 pm ET (snapshot taking on Feb 26)
- 0xdgb minted "Choose Rich" as their latest 1/1 on SuperRare, as the meme continues to spread
- Blast briefly went down on Wednesday morning due to issues tied to the Dencun Upgrade; it was back online within about 2 hours
- Mikan was the top Bitcoin mover on the day tallying 18 BTC in its debut with the floor opening at 0.011 BTC; Nodes were next at 0.537 BTC (-12%), and other leaders mostly held steady
- OMB fell 12% to 1.11 BTC ahead of its Orange Eyes expansion mint today
- New BTC art mint Mitosis minted out for 0.01 and ran as high as 0.045 BTC before setting at 0.028
- Solana NFTs were mostly even or red on the day; Frogana even at 3.85 SOL, Mad Lads even at 192, Tensorians -13% to 55, Bodoggos -17% to 8.3
- Bored Elon is hosting his latest live metaverse gaming experience today with Edison
๐ฐ Token, Airdrop & Points Tracker
Highlighting the major token or airdrop news from the day.
- Wasabi added leverage trading on $MOG coin with 2x Wasabi points for the next 3 days
- The $PAC airdrop was delayed to today after Blast experienced outages, though the team did release its tokenomics
- Saga shared that it will be airdropping tokens to CryptoPunk owners
- Grass points are live for pre-market trading on Whales
๐ Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are mixed this morning; BTC -0.5% $72,920; ETH -2.2% at $3,968; SOL +13% at $173
- $JUP quietly jumped 13% on the day to $0.95 and closing in on $1
- Michael Saylor is set to buy another $500M of Bitcoin via Microstrategy through another series of convertible debt offerings
- An Arbitrum DAO proposal is seeking 400 million $ARB ($426M) to "catalyze gaming ecosystem growth" on Arbitrum
๐ NFT Total Volume
- Mad Lads ($2.44M, 192 Sol Floor)
- BAYC ($1.99M, 14 ETH Floor)
- Mikan ($1.35M, 0.011 BTC floor)
- Pudgy Penguins ($1.2M, 11.3 ETH Floor)
- NodeMonkes ($1.13M, 0.53 BTC floor)
๐ NFT Floor Price Increase (ETH)
- SMOWL (300%, 0.19 ETH Floor)
- Asterix (45%, 1.45 ETH)
- Yogapetz (19%, 0.57 ETH)
- Baby Bears (18%, 13 ETH)
- Sam Spratt - Players (13%, 6.5 ETH)
๐ Upcoming NFT Mints and Reveals
Today is a busy day of drops, mostly focused on Bitcoin.
The highly anticipated OMB Orange Eyes mint comes today. The 3,141 NFT expansion set is priced at 0.29 BTC for those on the WL (0.99 BTC for public).
It's expected to mint out of course, but after a 910 BTC raise ($66M) in a market lacking volume right now, the rest of the eco could be in trouble.
C.O.C.K.S. is trying to take advantage of a more liquid environment with its CDB-like launch also on BTC today.
Expect some fireworks, one way or another.
See the full list and dive in for more details with Swizzy's daily mint monitor.
- Glitch Codes - Obyor(11:00 a.m. ET)
- Courtyard - HODL (11:00 a.m. ET)
- C.O.C.K.S. (12:00 p.m. ET)
- Darien Brito x Highlight - Metamorphosis (1:00 p.m. ET)
- Floor Icons SZN 2 Drop 6 (2:00 p.m. ET)
- OMB Orange Eyes (TBD)
- $PAC airdrop (TBD)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.
Tensor officially announced the Tensor Foundation, and its upcoming governance token, $TNSR, which it hopes will democratize the future of NFT trading.
The Deets
- Tensor Protocols: High-performance trading infrastructure on Solana, key to mass NFT adoption
- Impressive Track Record: Over $2bn in Solana NFT trades, commanding 70% of the market in the past 90 days.
- Community Governance: Soon to be overseen by the Tensor Foundation, with $TNSR at the helm.
The Bulk
Tensor claims that NFT trading is on the brink of an unprecedented transformation, with $TNSR at the forefront of this revolution. Governed by the Tensor protocols, which have already facilitated more than $2 billion in Solana NFT trades, $TNSR will help decentralize the future of the newly established Tensor Foundation.
The future governance model involves the Tensor Foundation, which will steward critical trading infrastructures but also aims to cultivate an ecosystem of creators and builders.
โWhy It Matters
Anticipation for the Tensor airdrop and token has been building for the last six months, and has picked up steam particularly as activity on Solana heats up. Now users that have been participating on the "Blur of Solana" are likely to be financially rewarded.
๐ค Founder Feedback
Beyond stewarding the critical infrastructure, Tensor Foundation will foster an ecosystem of creators and builders dedicated to seeing NFTs succeed.Tensor Foundation
๐ What's Next?
Stay tuned for more updates on the Tensor Foundation and $TNSR as more details are expected soon.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
SPORTPASS, an Animoca Brands subsidiary, and Queens Park Rangers are partnering to deliver a new fan engagement platform, blending gaming with unique physical and digital collectibles.
The Deets
- Exclusive gaming experiences and tournaments for fans
- Unique, 1-of-1 turf collectibles from Loftus Road Stadium
- Physical and digital player memory cards linked via QR code
The Bulk
SPORTPASS, under the wing of Animoca Brands, announced a partnership with the football club Queens Park Rangers (QPR). This collaboration introduces a games portal that offers QPR fans unparalleled access to gaming experiences, collectible items, and more, effectively bridging the gap between the physical and digital worlds.
The portal's standout feature is the collection of 200 unique turf collectibles from Loftus Road Stadium, each commemorating memorable moments from the 2013-2023 seasons. These collectibles include a piece of physical turf and also feature both physical and digital player memory cards. Fans can link their physical and digital collectibles through a QR code, enhancing their engagement and interaction with the club.
๐ค Founder Feedback
Our goal is to create a bridge between QPR's rich history and the future of fan engagement, offering an unparalleled digital experience.Jordan Fogarty, CEO of SPORTPASS
For more web3 and NFT news, visit the Lucky Trader newsfeed.
TylerD's Market Summary
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๐ Bitcoin Smashes Through $73k on Record Inflows
The Bitcoin train ain't stopping.
And the ETFs are the driver.
What Happened?
Yesterday the Bitcoin ETFs totalled $1.04B in net inflows.
That brings their combined total inflow tally to $11.15B, and a whopping $1.5B of that total has come this week (in two days).
Perhaps even crazier - the total ETF trading volume on the day hit $8.5B, and only FIVE publicly traded stocks saw more volume.
The Bitcoin ETFs are officially in the big leagues.
And with players like Van Eck removing trading fees until March 2025, expect volume to go in one direction - up.
NFT Market Impact
So are BTC NFTs screwed with this rally?
Not necessarily.
After a large pull back last week and into Monday, it seems the bleeding has stopped in the BTC NFT market.
At least temporarily.
NodeMonkes led the recovery, rallying 60% off its local bottom of 0.4 BTC and hitting 0.64 at peak last night (0.61 BTC now).
Other notable prices (and daily change):
- Bitcoin Puppets +10% to 0.183 BTC
- Quantum Cats +15% to 0.32 BTC
- RSIC +7% to 0.08 BTC
And OMB is holding steady up top at 1.3 BTC ahead of the Orange Eyes expansion mint coming tomorrow.
Pending the success of that Orange Eyes mint and early secondary action, it might be the catalyst for the next leg up across the board.
We'll be watching.
๐ก Ethereum's Dencun Upgrade
Bitcoin is leading the headlines right now.
But Vitalik and the Ethereum devs are making moves.
And today marks a huge day in the Ethereum roadmap.
What's Happening?
Today is the Dencun upgrade (EIP-4844), the first step in the larger "The Surge" section of the Ethereum roadmap.
It introduces the concept of blobs (proto-danksharding) to change how data is stores and exchanged, with the goal of increasing TPS and reducing fees.
Impacts:
- L2 transactions to be much cheaper due to proto-danksharding (projected 90% reduction in fees)
- L1 transactions to be cheaper through changes in data stores and exchanges (projected ~30% reduction in fees)
With this change, L2 gas fees are expected to drop to the $0.01-$0.10 range, and ETH to $65.
Read more about it here.
Why It Matters
For Ethereum itself, this seems like a "nice" upgrade but not a game changer, at least yet.
For the L2s though, it's a big deal.
The reason Solana has caught fire as of late is its ease of onboarding, lightning fast speed and low-cost transactions.
If L2s like Base, OP and Arbitrum can get their transaction fees to Solana levels, they'll be able to compete more closely.
There are also huge impacts to sectors like web3 gaming, requiring thousands or millions of onchain transactions per day (now expected to be 90% cheaper).
So this is a big upgrade, and perhaps one that kickstarts the next onchain gaming run.
We will find out soon enough.
๐ What else is happening in NFTs?
Here is the list of other notable headlines from the weekend in NFTs:
- ETH led NFT trading volume with $22.8M on the day; Bitcoin was next with $16.2M and then Solana with $11.5M
- BAYC led volume on ETH and rebounded to a 14.6 ETH floor after falling into the low 13s; MAYC rebounded 9% to 2.34 ETH
- Other ETH leaders were red down 7-10% on the day; Pudgy at 12.75 ETH, Captainz at 3.82, Azuki at 3.85
- Pacman Blur shared an update on Blast's progress against its known issue, with most still in the works
- DeGods and y00ts will have the opportunity to bridge back to Solana in the near future (DeGods +14% to 1.58)
- The BTC NFT board saw some welcome green led by NodeMonkes (+30% to 0.61 BTC); Bitcoin Puppets +10% to 0.183, Quantum Cats +15% to 0.32, RSIC +7% to 0.08
- TwelveFold owners will be able to get signed prints for their NFTs soon
- BTC Lending protocol Liquidium teased BRC-20 lending for its next version
- Tensorians soared 21% to 63 SOL leading Solana NFTs; Bodoggos +10% to 10, Mad Lads -3% to 193 and Frogana -35% to 3.74
- NBA Top Shot's Rookie Revelation packs sold out for $1,500 and are already up 70% to $2,600 on secondary, with Victor Wembanyama's Legendary moment from the pack at a $13,800 floor with a top sale at $12,999
- Arcade facilitated a 26 ETH loan on a Botto 1/1, the first ever loan against a Botto piece
- Cirrus injected $1.2M into the BAYC lending market via Arcade, helping support the rally
- MetaStreet has already facilitated over $200M in total lending volume since launch
- The Degenz team (OSF and Mando) have partnered with Decrypt to integrate their analytics
๐ฐ Token, Airdrop & Points Tracker
Here's a rundown of major token or airdrop news from the weekend:
- Tensor formally announced its $TNSR token is coming soon, adopted by the Tensor Foundation for governance
- The $PAC airdrop is happening today with Blast depositors and early referrers able to claim tokens at12 pm ET
- CyberKongz announced a $BANANA airdrop to those who staked via its Ronin Validator ($BANANA up 227% on the month to $4.20)
- Ether.Fi announced that its ETHFI token will go live on Binance Launchpool next week
๐ Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are green this morning; BTC +1.7% at $73,350; ETH +1% at $4,053; SOL +1.5% at $153.6
- AVAX outperformed majors, jumping 12% to $53.80; NEAR +11% to $7.90, INJ +9% to $48.58
- Coinbase announced a $1B bond sale to raise capital (following the Saylor playbook) to fund its crypto business without an equity sale
- Elixir closed its Series B at an $800M valuation, with participation from notable names like Arthur Hayes and Manifold
๐ NFT Total Volume
- BAYC ($6M, 14.5 ETH floor)
- MAYC ($3.2M, 2.35 ETH floor)
- NodeMonkes ($3.05M, 0.61 BTC floor)
- Pudgy Penguins ($3M, 12.75 ETH floor)
- Captainz ($2.7M, 3.82 ETH floor)
๐ NFT Floor Price Increase (ETH)
- Anata (118%, 0.96 ETH Floor)
- Skyborne - Nexian Gems (41%, 1.24 ETH)
- Asterix (25%, 1.05 ETH)
- Peplicator (18%, 0.19 ETH)
- Rumble Kong League (16%, 0.24 ETH)
๐ Upcoming NFT Mints and Reveals
Today is likely the biggest day of the week.
The ETH Dencun Upgrade happens this morning.
Magic Eden is opening its OG ETH trader diamond claim (ahead of its future airdrop).
The first major memecoin is airdropping on Blast today with $PAC.
And there's a marquee generative art drop on Bitcoin with Mitosis (priced at 0.01 BTC).
See the full list and dive in for more details with Swizzy's daily mint monitor.
- Mikan (9:00 a.m. ET)
- ETH - Dencun Upgrade (9:55 a.m. ET)
- Moodsoup x Vivid "Mitosis" (10:00 a.m. ET)
- Glitch Codes - Obyor (11:00 a.m. ET)
- Memes by 6529 (11:00 a.m. ET)
- Pacmoon $PAC airdrop claim (12:00 p.m. ET)
- Magic Eden - ETH OG Diamond claim (12:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.