Bi-Weekly Review: Yuga's possible token launch, Doodles' CEO transition...
NFT Weekly News #82 21st January - 3rd February
NFT News Weekly Update #82
(21/01/2025-03/02/2025)
GM
Welcome to NFT Weekly News by Threekeyslab๐๏ธ๐๏ธ๐๏ธ. Subscribe and follow to stay up-to-date with key market digests.
Top News ๐
๐ NFT ๏ฝ Yuga hints at token coming to Otherside & BAYC (23 Jan)
Garga says that Yugalabs has plans to reward BAYC & Otherdeed holders this year.
๐ NFT | Burnt Toast becomes new Doodles CEO (29 Jan)
Burnt Toast, the founder and artist behind the popular Doodles NFT collection, has stepped into the role of CEO, replacing the outgoing Julian Holguin.
Market Update ๐ฃ
Last week, the primary NFT PFP projects that saw significant sales included Crypto Punks. The collection is famous for their charming characters and distinctive designs, which make them very popular in the NFT market.
In the realm of Art NFTs, Autoglyphs, Chromie Squiggle, and some of Beepleโs works have made the list. Notably, Autoglyphs has reached a selling price of 100 ETH.
Credit to: @NFTpricefloor
Other News ๐
๐ Meme | Mark Cuban considers launching his own coin (21 Jan)
Mark Cuban tweeted about the possibility of issuing his own meme coin, similar to $TRUMP, with a 20% float and the same release schedule. However, he introduced a unique twist: all revenue from the coinโs sale would go directly to the U.S. Treasury, with a public wallet address for full transparency. He emphasized that if people want to gamble, they might as well do it in a way that helps reduce the U.S. national debt.
๐ NFT | ANIME debuts at $1.2b FDV (23 Jan)
Animecoin is trading at $0.12 on Hyperliquid with a fully diluted value (FDV) of $1.2 billion.
๐ AI | SwarmNode.ai Partners With NVIDIA (3 Feb)
SwarmNode.ai has announced its acceptance into the NVIDIA Inception program for startups.
The NVIDIA Inception program provides startups with access to advanced technical tools, resources, and opportunities to connect with investors.
NFT Chain Volume ๐
Over the past week, NFT marketplace volume went down to $137.6 million from $231.9M million of two weeks ago.
Ethereum claimed the top spot with a 79.1% market share while with $108.8M chain volume. Solana and Bitcoin are ranked 2nd and 3rd, with 9.4% and 4.6% chain volume respectively.
Credit to : @NFTpulse
Memecoin Market Cap and Volume ๐
In the last two weeks, the market cap for memecoins went down from $104.91B on 21st Jan to $63.99B on 3rd Feb, 39% decrease from the two weeks ago.
The daily trading volume also dropped from $58.69B on 21st Jan to $21.05B on 3rd Feb.
Credit to : @CoinMarketCap