Web3 Weekly Review: Pump.fun's pro-trading terminal and token plan, Polymarket tops New York Times, $GOAT's Marketcap to $400M...
NFT Weekly News #69 14th October - 20th October
NFT News Weekly Update #69
(14/10/2024-20/10/2024)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Subscribe and follow to stay up-to-date with key market digests.
Top News 🔝
📌 Meme | Solana-Based Pump.fun Unveils Pro-Trading Terminal Alongside Token Launch Plans (Oct 20)
The platform introduced an upgraded trading terminal for professional traders, Pump Advanced, which is 0 fee for the first month.
During the session, Pump.fun revealed plans to launch a native token. While no specific timeline was provided, the team confirmed that a portion of the token supply will be airdropped to early adopters as a reward for their support.
📌 Crypto Prediction | Polymarket tops New York Times on App Store (Oct 17)
@Polymarket flips @nytimes in “Magazine & Newspapers” ios App Store raking in the U.S. In the past week, Trump’s odds of winning the U.S. presidential election on Polymarket soared from 58.1% to 62.6%.
📌 Meme | GOAT Meme Coin market cap surged to $500 million (Oct 21)
The GOAT meme coin, released on the Solana blockchain by user EZX7c1, reached a market cap of $500 million in just one week. $GOAT held by AI agent Terminal of Truth has surged to $1 million. Other AI memecoins with $GOAT related lure are getting market attentions as well.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks, and Azuki. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Gazer, Ringer and Chromie Squiggles stood out as the main NFT Art projects sold last week. Gazer 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 👀
Meme | Number of ApeChain memecoins soar led by CURTIS (Oct 20)
Memes of Apechain saw huge success:
- CURTIS the clear leader at $24M
- BORED at $11.5M
- CIF and DOOKEY in the $4M-$5M range
In the meantime, Apecoin went up 94% while BAYC NFTs rose 30%.
Game | VanEck invests in Parallel TCG (Oct 17)
At the @vaneck_us liquid token strategy, VanEck’s view is that gaming is one of the most promising categories this cycle.
Thus far, VanEck made one key long-term bets in the space @ParallelTCG
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, NFT marketplace volume went down to $89.27 million. Ethereum claimed the top spot with a 48.2% market share while with $43.02M chain volume, surpassing both Polygon and Solana.
Credit to : @NFTpulse