Weekly NFT Report: Acquisition Spree

Summary

Chart 1: OpenSea Daily Transaction Volume (Blue, Bar) and 7dma (Orange, Line) in US$
Chart 2: OpenSea Monthly Transaction Volume (US$)
Chart 3: OpenSea Daily Transaction Count (Blue, Bar) and 7dma (Orange, Line)
Chart 4: Number of NFT Projects (from Zeneca) with Increased ETH Value (Orange) and Decreased ETH Value (Blue)
Chart 5: Net* Number of Projects With Increasing ETH Value
Chart 6: CryptoPunks vs. BAYC Floor Price

Deep Dive

  • A series of NFT collections will be available exclusively on Binance’s official NFT platform, and registered Binance users will be able to purchase the collections using Binance Pay
  • First collection is slated to launch later this year. Binance already has partnerships with a several sports clubs, for whom it facilitated IEO (initial exchange offering) for fan tokens.
  • Times Square will be reimagined in The Sandbox as a virtual hub for art and commerce curated by TIMEPieces — this would be TIME’s first-ever destination in the metaverse. However, TIME has been rather active in the Web3/NFT space, starting with launching its signature magazines’ front-pages in the NFT auctions

Following

  • Magic Eden, the leading NFT marketplace on Solana, raises $130mio at $1.6bn valuation
  • Astaria, an NFT liquidity and lending protocol founded by Sushiswap’s ex-CTO, raises $8m seed
  • Stella Fantasy, a web3 game protocol, raises $5m, with participation from Animoca Brands, DeFiance Capital, etc.
  • Azuro, a DAO focused on betting, raises $4m from Arrington Capital, Delphi Digital, Merit Circle, etc.

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