NFT Weekly News #4
8th May 2023 - 14th May 2023
NFT News Weekly Update #4
(05/08/2023-05/014/2023)
GM
Welcome to NFT Weekly News by Threekeyslab. Here you can find the latest curated news in the NFT world. Every week, we aim to provide a selection of the most interesting news and events that are fostering the development of the Metaverse.
The NFT field is constantly evolving, and this article will review last week's Top NFT news. Let's take a look together!
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Big News
1. Roblox stock up after company reports strong booking, user engagement growth (May 10)
Roblox shares rose by 6% after reporting its first-quarter results. While the company had a slightly higher loss per share than expected, its revenue (bookings) of $774 million exceeded expectations. Roblox experienced significant growth in daily active users (66 million) and engagement hours (14.5 billion), particularly in international and older user segments. CEO David Baszucki attributed the company's success to continuous innovation. Roblox reported a net loss of $268 million for the quarter but expressed confidence in its current headcount and compensation levels due to strong bookings growth.
2. Elon Musk's Meme Sparks Frenzy in NFT Space (May 10)
Highlight: Milady is part of Three Keys Collections. 6 miladies position were built since April, 2023 with cost around 1.8 Eth
Elon Musk's tweet featuring a meme created with Milady NFT imagery caused a surge in interest and prices for the Milady NFT collection. The floor price of Milady NFTs skyrocketed from 3.8 ETH to a peak of 7.3 ETH, igniting excitement and conversation within the NFT community on Twitter. The power of influential figures in shaping NFT trends is evident once again.
3. The First Bitcoin Purchase Was For NFT (May 15)
Market Update
To find out more about the notable NFT sales for the week, please click on the link below.
Other News
1. Yuga labs CEO Daniel Alegre’s account has been restored (May 9) #Web3
Yuga Labs, the creator of popular NFT collection Bored Ape Yacht Club, suffered a major setback when its CEO’s Twitter account got hacked. The Yuga Labs team is working to regain control, but some users have already reported losing their NFTs and funds.
2. Pudgypenguins announced WME as their official talent agency (May 6) #NFT
Click the link above to know more
3. Meta Unveils ImageBind: Open-Source Multisensory AI Model (May11) #AIGC
Meta has released ImageBind, an open-source AI model that integrates text, audio, visual, movement, thermal, and depth data. This breakthrough model enables multimodal search, embedding-space arithmetic, and audio-to-image generation, opening up new possibilities in multimedia search, VR, and robotics. Meta's commitment to open-source projects drives innovation in AI research.
4. Binance NFT Marketplace Adds Bitcoin Ordinals (May 8) #NFT
Binance is integrating Bitcoin Ordinals into its NFT marketplace, enabling direct trading without separate wallets. The move recognizes Bitcoin's importance in the crypto industry. Inscription marketplaces like Ordswap and Ordinals Market have emerged, and even Solana NFT marketplace Magic Eden has joined the trend.
5. Yuga Labs’ New CEO Splurges $90K on Bored Ape NFT (May 12) #NFT
Using his own money to purchase digital art from his own company, the CEO of Bored Ape Yacht Club (BAYC), Daniel Alegre, acquired Bored Ape #3575 for $90,000 (50 ETH), despite the base price for this Ape being around $78,000 (44 ETH), according to CoinGecko.
6. Tessera and Escher Will Cease All Operations (May 12) #NFT
In a sudden announcement May 12, Andy Chorlian, Co-Founder and CEO at the Fractional Token Company, revealed that Web3 platforms Tessera and Escher would begin slowly winding down operations in the near future.