Weekly NFT Report-“Ape” together strong

  • YTD volume: 3.2M ETH (~$[]bn)
  • YTD wallets: 1.11M
  • 30-Day volume: 998k ETH (~$[]bn)
  • There’s been more buyers than sellers last week (241k vs. 106k)
  • Number of first time buyers has been steadily decreasing, but so is the number of returning buyers
  • Licensing regime to existing CP and Meebits holders was non-commercialy only, with T&C explicitly stating that when a buyer purchases an NFT, s/he only owns the NFT, and not any associated art, thus preventing the holder from commercially benefitting from the ownership
  • This is in stark comparison to creative commons model by Yuga Labs, where individual BAYC owners own worldwide commercial license associated with their BAYC.
  • However, it’s also worth noting that Yuga Labs recently faced backlash for KYC restrictions — Yuga Labs teased new collaboration with Animoca Brands with no details about the project, but users had to sign up via KYC verification — rather blasphemous in our opinion…
  • Another notable headline covered by The Block was Yuga Labs planning to build gaming-focused metaverse named MetaRPG that will involve land sales and APEcoin.
  • BAYC: Integrating Cryptopunks and Meebits into the Apeverse?!
  • M&A in the NFT space: what would it look like? Buyout of team/company equity? IP right acquisition? Direct NFT purchases? Will we see traditional brands FOMO in and acquire Web3 / NFT brands?
  • Corporate valuation: how do you value IP rights and NFTs?
· Magic Eden does $1bn in cumulative secondary volume

Reference Statistics

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

Price Charts

Chart 1: NFT — Blockchain
Chart 2: NFT — Games
Chart 3: NFT — Others

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