Web3 Weekly Review: Doodles' increase after hinting at token...
NFT Weekly News #77 16th November - 22nd December
NFT News Weekly Update #77
(16/12/2024-22/12/2024)
GM
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Top News 🔝
📌 NFT | Doodles up 60% after hinting at token (Dec 20)
Doodles NFT founder Burnt Toast posted a cryptic message on social media on the 20th Dec, while the first letter of each word spells out "token is coming," suggesting a potential token release.
As a result of this news, the Doodles floor price briefly surged, with a 24-hour increase of 61.77%.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included Doodles, Pudgy Penguins, and Azuki. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Winds of Yawanawa, Skulls of Luci and Chromie Squiggles stood out as the main NFT Art projects sold last week. Winds of Yawanawa has experienced in the past week an increase in trading volume, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
NFT | OpenSea foundation setup fuels token rumour (Dec 16)
NFT marketplace OpenSea has sparked speculation of an impending token launch and user airdrop following its foundation registration in the Cayman Islands.
ETH Ecosystem | Ubisoft integrates ENS (Dec 16)
Ubisoft integrates ENS subnames into the Captain Laserhawk Universe, enabling blockchain-based player identities.
Players receive personalized Niji Warrior ID Cards linked to Ethereum addresses for secure in-game asset ownership.
CEX | Binance created Binance Alpha for early stage coins (Dec 16)
Binance Alpha is a new platform within the Binance Wallet that shines a spotlight on early-stage crypto projects with the potential to grow within the Web3 ecosystem.
Tokens featured on Binance Alpha are carefully selected using Binance’s industry expertise and advanced insights, highlighting those that demonstrate strong community interest, increasing traction, and alignment with key trends shaping the crypto space.
While there is no guarantee, some tokens showcased on Binance Alpha may even be considered for listings on the Binance Exchange in the future.
AI | ZEREBRO partners with ai16z, leads strength in AI (Dec 20)
Zerebro partners with @ai16zdao to advance open-source frameworks. The ai16z team will be among the first external contributors helping to grow the ZerePy framework. Simultaneously, the @0xzerebro team will contribute to the Eliza framework, ensuring that both ecosystems thrive together.
ZerePy’s public launch is scheduled for Friday, December 20th.
Crypto Macro | U.S. Listed Spot Bitcoin ETFs on the Verge of Surpassing Gold ETFs by AUM (Dec 19)
Bitcoin's institutional adoption has increased in 2024, with integration into public balance sheets and the success of U.S. spot-listed ETFs.
U.S. spot-listed bitcoin ETFs have almost surpassed U.S.-listed Gold ETFs in terms of AUM.
Bitcoin CME's open interest remains strong, suggesting more momentum towards the end of the year.
NFT Chain Volume 💎
Over the past week, NFT marketplace volume went up to $435 million. Ethereum claimed the top spot with a 87.3% market share while with $379.7M chain volume, surpassing both Solana and Bitcoin.
Top 3 NFT PFP projects by volume are the same as two weeks past: Pudgy Penguins, Lil Penguins and Azuki, with 7-day trading volume at 30.3K, 11.5K and 11.3K ETH respectively.
Credit to : @NFTpulse
Memecoin Market Cap and Volume 🔑
Last week, the daily market cap for memecoins reached $117.53 billion on December 15th. This represents a 29.8% decline from its peak of $137.06 billion on December 9th.
The weekly trading volume totaled approximately $170 billion, reflecting a 15% decrease compared to the previous week.
Credit to : @CoinMarketCap