Web3 Weekly Review: Polymarket ranked #2 news app in the US, CryptoPunks NFT sold for $532 million ...
NFT Weekly News #67 30th September - 6th October
NFT News Weekly Update #67
(30/09/2024-06/10/2024)
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 🔝
📌 Web 3 | Polymarket becomes #2 news app in the US (Sep 29)
@Polymarket FLIPS @nytimes in “Magazines & Newspapers” IOS APP store ranking in the US.
📌 NFT | A CryptoPunks NFT traded for $532 million (Oct 1)
A CryptoPunks NFT traded for $532 million (24,000 ETH), but it was paid for with borrowed money that was instantly repaid, Larva Labs said. The CryptoPunks creator said Friday a number of NFT sales have been made using these ethereum-based flash loans. The most expensive legitimate CryptoPunks NFT changed hands for $11.8 million in June at Sotheby's.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks, Mfer and Azuki.
Notably, Crypto Punk #1563 was sold for 24,000 ETH.
Autoglyph, Winds of Yawanawa and Ringer stood out as the main NFT Art projects sold last week. Autoglyph has experienced in the past week an increase in trading volume, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
@Sothebys & @seedphrase have announced the first-ever auction of a set of 7 Autoglyphs. The sale is estimated to exceed $3.5 million.
Credit to: @Deepnftvalue
Other News 👀
Crypto Macro | FTX cleared to repay billions to customers after bankruptcy plan approval (Oct 8)
FTX to repay 98% of customers within 60 days of effective date
Customers to receive at least 118% of account value as of Nov 2022
Mixed customer response due to missed crypto price rebound
Meme | PumpFun back to launching 15k coins a day (Oct 4 )
Pump Fun has been busy again over the past few days. After a breather, users have started launching tokens on Pump again.
A total of 2.2M tokens have already been launched on Pump and a profit of 807k $SOL has been generated.
US Politics | U.S. Election Betting: Regulated Presidential Markets Are Live, and Tiny Compared to Polymarket's (Oct 5)
Two U.S.-regulated, dollar-denominated prediction markets began taking bets on the presidential race this week, with a month to go before Election Day.
Kalshi, which fought a long legal battle with the Commodity Futures Trading Commission to offer election contracts in the U.S., launched its presidential markets on Friday, following Wall Street powerhouse Interactive Brokers' (IAB's) ForecastEx, which did so the day before.
ART | Beeple introduces The Tree of Knowledge project (Sep 30)
This work builds on the kinetic sculpture series first introduced with HUMAN ONE but now has an interactive component that is inviting viewers to explore a more nuanced relationship between technology and nature.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, NFT marketplace volume went up to $148.9 million. Ethereum claimed the top spot with a 58% market share, $86.7M chain volume, surpassing both Base and Polygon.
Credit to : @NFTpulse