Web3 Weekly Review: Magic Eden's high daily volume, Friend Tech's likelihood of shutting down, and Doodle featured on three platforms...
NFT Weekly News #63 2nd September - 8th September
NFT News Weekly Update #63
(02/09/2024-08/09/2024)
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!
(Please don't forget to subscribe below and follow Threekeyslab on Twitter for more! )
Top News 🔝
📌 NFT|Magic Eden’s daily volume has recently surged to 30x and it segregates US service (6 Sep)
NFT marketplace Magic Eden’s daily volume has recently surged from $1 million to an average of $30 million, and peaked at $60 million. The surge in volume is related to Magic Eden’s upcoming utility token, ME. Magic Eden also announced that it would launch a new United States exclusive domain for US users.
📌 Socialfi|Friend Tech appears close to shutting down(7 Sep)
Admin and ownership of Friend Tech parameters have been set to 0x000...000 to prevent any changes to their fees or functionality in the future.
No fees from either smart contracts or http://friend.tech currently go to the http://friend.tech dev team multisig.
📌 NFT|Doodles featured on three famous platforms(7 Sep)
Doodles featured on Apple Music, Spotify’s New Music and CNBC last week.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks and Doodles. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
CryptoPunks saw significant on-chain transactions last week:
• Zombie Hoodie Punk #9368 was sold for 475 ETH on the 7th Sep then sold again for 550ETH on the 9th Sep . The new buyer’s identity remains unknown, though he/she also holds Ape Punk with Hoodie trait #2924, with a combined wallet value of 3.85K ETH.
• Zombie Punk #2967 was sold for 240 ETH, with the buyer identified as @punksOTC on Twitter.
• Ape Punk #6915 was purchased for 620 ETH by @punkconscious on Twitter while the buyer still remaining anonymous. The wallet address: 0x8bBcCDb451B3B17B875ad7b608e8EeF2a2b40E45.
Winds of Yawanawa, Chromie Squiggle and Gazer stood out as the main NFT Art projects sold last week. Chromie Squiggle 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|20 Punks sell in auction at average 27.5ETH(3 Sep)
20 good-looking Cryptopunks were on auction the 1st Sep, starting bid of 24ETH and average price was 27.5ETH.
It may have been the biggest punk auction ever.
NFT|Winds of Yawanawa up 100% to 2024 high(4 Sep)
Refik Anadol's project Winds of Yawanawa soared 90% to a 7.55 ETH floor.
Marking a new 2024 high for floor price.
NFT|New Dookey Dash to begin with $1m prize by Bored Apes(5 Sep)
Bored Apes announced on the 5th Sep:
-The re-release of Dookey Dash (and $1M in prizes)
-A partnership with BMW to create a 1/1 ApeCar
-A new Blueprint roadmap for Apechain
-A Bored Ape Beer in partnership with Bape & Bored Brewing
US Politics| Whales push around odds on US election(7 Sep)
Notably, bettor "DJTHolder" has built a $3M position on Kamala winning / Trump losing.
More notably - they bet $6,000+ on Kamala to be the favorite on Polymarket TODAY paying out something like 20-1.
US Politics|Ripple co-founder among Kamala Harris' new corporate endorsers(6 Sep)
Chris Larsen's endorsement comes as Ripple has emerged as one of the biggest donors in the 2024 U.S. elections, though his choice may be at odds with the company CEO's support of Senate Republicans.
Defi|In Trump-backed crypto project, insiders are poised for unusually big token payouts(5 Sep)
The team could get 70% of World Liberty Financial's tokens, a significantly higher-than-normal allocation from a project marketed as a solution to the “rigged” traditional finance system.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, the NFT marketplaces reduced to a total volume of $96.2 million. ETHEREUM, with its 34% market share, stays at 1st rank of NFT Marketplace.
Credit to : @NFTpulse