Weekly NFT Report

2022–05–18

Summary

L1S continue to underperform, with top underperformers in Top 100 being AVAX (-24%), SHIB (-24%), MATIC (-21%), NEAR (-32%), ICP (-21%), TFUEL (-30%), FIL (-26%), SAND (-22%), GRT (-28%), BTT (-24%), FTM (-34%), CVX (-43%), WAVES (-41%), CELO (-29%), OSMO (-37%), ONE (-24%). Few in the green included: XMR (+7%), XCN (+50%), ZEC (+20%), MKR (+25%).

In the NFT space, OpenSea volume and transaction count (Chart 1,2, 3) have been on the downtrend in the last 7 days. Prices have also seen small declines, although they are generally up on YTD basis. Azuki drama continued, with price falling early in the week, then rebounding to ~14 ether when Zagabond announced all funds had been returned to the Phunks and Zunks communities. Overall quiet in the NFT space, as activities have been slowing down and eclipsed by what’s happening in the DeFi space.

Next up: deep dive

Azuki Drama Continues

The Otherside reveals The Voyager’s Journey

DuskBreakers raises $24m from a16z, Pantera, FTX, Merit Circle, etc.

New Mints

Augmented Labs Scientists

  • 0.007 ETH floor | open supply | free mint | minted 5/16

Dooplicators

11 Captain’s Club

  • 1,111 supply | 3 ETH mint | mint date 5/23

Following: Big Money Raises, and Entrants

Madonna x Beeple

Inflow raises $1.5mio with participation from ConsenSys Ventures, Dapper Labs, and Protocol Labs

Pnkfrg raises $3mio — the project is a gaming studio building mobile F2P games on the Bitcoin Lightning Network

Medallion raises $9mio — the project tries to redefine artist x fan connection

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: 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

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store