Web3 Weekly Review: Jump Crypto Adds $10M to PAC, Raising Fairshake PAC to $169M...
NFT Weekly News #52 17th June- 23rd June
NFT News Weekly Update #52
(17/06/2024-23/06/2024)
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 🔝
📌US Politics|Jump Crypto Adds $10M to PAC, Raising Fairshake PAC to $169M (June 19)
Jump Crypto put another $10 million into the U.S. political action committee (PAC) that's seeking to rush as many pro-crypto members into Congress as possible to achieve legislation of the industry. Jump's eight-digit addition follows a recent series of matching $25-million follow-up donations from big crypto firms Coinbase Inc. (COIN), Ripple and Andreessen Horowitz (a16z).
Complete Donors list of Fairshake PAC to click here.
📌Meme|Many PolitiFi coins drop after $DJT launch(June 18)
Largest Politifi memecoins, including $TRUMP, $TREMP, and $BODEN, are down double digits in 24 hours amidst rumored launch of official @realDonaldTrump token on Solana. On the 20th June, some media claimed that Trump and his son Barron may not be involved in $DJT. On the 26th June, Polymarket submitted a prediction market to UMAs Data Verification Mechanism regarding Barron's involvement in $DJT.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Punk and Milady. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Chromie Squiggle, Fidenza and Memories of Qilin stood out as the main NFT Art projects sold last week. Fidenza has experienced in the past week an increase in trading price, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Other News 👀
US Politics|Winklevoss Twins Say They Each Gave $1 Million to Trump Presidential Campaign (June 21)
Tyler and Cameron Winklevoss, the executives atop Gemini, gave $1 million each to the campaign of former President Donald Trump, the two announced on X.
The two had already been major donors for 2024 U.S. campaigns, each previously giving about $2.7 million, mostly to the industry's super PAC, Fairshake.
Meme|Waka Flocka Flame token launch faces insider trading allegations(June 17)
American rapper Waka Flocka Flame, launched his FLOCKA cryptocurrency on June 17. Almost immediately after its launch, insider trading allegations followed. Around 40% of the coin’s total supply was scooped up before Waka Flocka Flame announced the launch.
NFT|Doodles to migrate from Flow to Base (June 18)
NFT project Doodles plans to migrate the avatar customization platform Stoodio from the Flow chain to the Base network, which is expected to take place in mid-July, aiming to enhance user experience and promote mass adoption through Base. The original Doodles series will remain on Ethereum.
Game|Solana gaming studio Mirror World raises $12M in funding (June 18)
The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects. This Series A funding was led by Bitkraft, Galaxy Interactive, Big Brain Holdings and others to further the development of its gaming rollup, Sonic.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, the NFT marketplaces reduced to a total volume of $159.8 million (-8.6% weekly) in total, in which ETHEREUM leads the NFT marketplace with a 66% market share. Polygon jumped to Top 2 with a market share at 18%.
https://www.nftpulse.org/chain