Web3 Weekly Review: Donald Trump to spend day off from trial with NFT buyers...
NFT Weekly News #46 6th May- 12th May
NFT News Weekly Update #46
(05/05/2024-12/05/2024)
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 NFT world.
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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Top News 🔝
📌NFT| Donald Trump to spend day off from trial with NFT buyers (May 8)
Donald Trump met supporters who purchased a large amount of his NFTs for dinner on Wednesday. $TRUMP (@MAGAMemecoin) fliped $BODEN (@boden4pres) in market cap because of this event.
Regarding Crypto，Mr. Trump said “I guess you could say it's a form of currency and I think I’m for that(crypto), more and more I’m for that.”
📌Game| Rug.fun turns minting ETH meme coins into a competitive Game (May 10)
Rug.fun is a two-phased 24 hour game which sees investors attempt to create and buy into the highest and lowest liquidity meme coins. Anywhere in between when the timer hits zero, the players are getting rugged.
📌NFT|Blast hits $209.8 Million NFT total trading volume (May 12)
Blast, one of ETH L2, has 67.8% of its NFT marketplace from BLUR while another 23.8% from Fantasy.Top. More than 56K traders are active in NFT trading on Blast.
Market Update 📣
Last week, notable NFT PFP projects like BAYC，Pudgy Penguin，Punk achieved significant sales. Azuki Elemental also had been traded frequently. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.To find out more about the notable NFT sales for the week, please click on the link below.
Last week, the primary NFT Art projects that stood out in sales were Chromie Squiggle，Life in West America and Ringer .
Unlike past weeks, Life in West America (AI generated art, similar project is alignDRAW )and Ringer have experienced either a marked increase in transaction frequency, or significant trading prices, reclaiming public attention through their distinct aesthetic senses and creative ingenuity.
Other News 👀
Web3|Yuga Labs and Somnia Forge to Optimize Metaverse Interoperability (May 6)
Somnia offers a seamless, user-friendly gateway to virtual realms.Holders of select Yuga Labs NFTs will also earn bonus points in upcoming Somnia quests. Additionally, they can use their virtual avatars across all Somnia-supported domains, enhancing asset compatibility and usage as the partnership evolves.
Meme| ZetaMarkets has allocated 1% OF $Z supply to Solana communities (May 8)
MadLads, JupiterExchange, Tensor_hq, DeBridgeFinance, Assetdash, SuperteamDAO, and PythNetwork - Members have to compete for a piece by trading on the platform.
Meme| VanEck makes memecoin index with top memes (May 9)
MarketVecto, a subsidiary of American asset management giant VanEck, launched the Meme Coin Index, including Dogecoin (30.77%), Shiba Inu (28.34%), Pepe (14.51%), dogwifhat (12.54%), Floki Inu (7.14%) and BONK (6.7%) ). The Meme Coin Index has returned 137.96% so far this year, making it the best-performing index on MarketVector.
NFT｜What is SPL-404? Solana’s Hot New NFT Standard (May 12)
SPL-404 is a hybrid token — it uses Solana’s Token22 standard to mint NFTs with an intrinsic token value. SPL-404 assigns each NFT a certain number of underlying tokens. SPL-404 Projects includes：Mutantmon，Fluffys，Mall Street and Gogonauts.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
In the last week, NFT marketplaces recorded a combined volume of $187.9 million. Ethereum dominated the NFT marketplace, capturing 58% of the market share. With an 18% market share, Solana has surpassed Bitcoin to become the second-largest chain in terms of NFT chain volume.