Weekly NFT Report: Big Brands Entering Web3

Summary

Chart 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: 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

Next up: deep dive

  • What’s the deal: eBay will be selling NFTs through partnership with one of, an NFT platform specializing in selling music, sports and lifestyle digital assets. The NFT collection will initially involve digital collectibles of popular athletes
  • More about the launch: Prada is scheduled to debut its first solo NFT tomorrow. The NFT will be part of the brand’s ongoing Timecapsule initiative, which drops limited-edition physical products on its website on the firs tThursday of every month. This Thursday, the 100 shirts dropping on Prada’s website will come with a free NFT that is designed like a pill capsule. The NFTs will give owners exclusive access to perks and experiences (which are yet to be revealed on Prada’s new Discord server) — the NFTs are powered by Aura Blockchain Consortium, a non-profit founded by LVMH, Prada, and Cartier powered by Quorum, an Ethereum-based enterprise blockchain service.
  • Prada previously partnered with Adidas to launch a Beeple-inspired NFT. And aside from Prada, other luxury brands, such as Gucci and Balenciaga, have also begun to experiment with NFTs.
  • More about the debut: SuperRare, an NFT marketplace with focus on 1-of-1s, opened pop-up gallery in Soho, New York City. The exhibition centers around pieces from SuperRare artists with focus on sci-fi and cyberpunk
  • More about the wallet: the beta version of self-custodial Ethereum wallet can be downloaded from Gamestop’s website, and the wallet will enable gamers to send and receive in-game assets. Gamestop’s NFT marketplace is slated to start in July
  • More about the open-sourcing: this closely follows OpenSea’s move last week to open-source Seaport, which overlaps with Sudoswap’s unique selling point on facilitating many-to-many NFT swap transactions

New Mints

  • 3.5 ETH floor | 9,999 supply | free mint | minted 5/19

Following: Big Money Raises, and Entrants

  • NFG Venture raises $100m fund for DeFi, NFTs and GameFi
  • Volt Capital raises $50m fund focusing on DAOs, NFTs, DeFi & Infra
  • FanTiger raises $5.5m from Multicoin Capital, Polygon Studios, etc.
  • Kryptomon raises $10m from NFT, Playstudios, etc.

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