Web3 Weekly Review: Solana ETF's 85% Odds of Approval on Polymarket...
NFT Weekly News #79 30th December 2024 - 5th January 2025
NFT News Weekly Update #79
(30/12/2024-05/01/2025)
GM
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Top News 🔝
📌 ETF | Polymarket Gives Solana ETF 85% Odds of Approval in 2025 (Jan 2)
Polymarket shows an 85% chance of SEC approval for a Solana ETF in 2025, a massive jump from just 3% in September. Grayscale's Solana ETF faces a key SEC deadline on January 23, just days after Chair Gary Gensler’s expected resignation. Right now, the bet pool volume is only $13K, indicating that it remains an early speculation rather than a consensus-driven trade-off.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included Pudgy Penguins, Crypto Punks and Azuki. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Meridian, Anticyclon and Chromie Squiggles stood out as the main NFT Art projects sold last week. Meridian 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 👀
📌 AI | AI mindshare on Kaito nears 60% (Jan 2)
📌 AI Data | CookieFun hits 240k users in 5 weeks (Jan 3)
📌 AI | SOL AI hackathon set to launch many top projects (Jan 3)
The Solana AI Hackathon showcased projects using AI for blockchain scalability, trading tools, privacy-preserving federated learning, and intelligent gaming, highlighting innovative applications in data privacy, trading, and gaming sectors.
📌 Meme | SPX $1.2bn, hits new ATH & leads Murad memes (Jan 3)
📌 AI agent | Swarms introduced MultiAgentRouter (Jan 3)
A revolutionary swarm architecture enables precise task delegation, where a dynamic “boss” agent analyzes and routes tasks to specialized agents for optimal efficiency. This scalable framework simplifies complex, multi-agent workflows, streamlines operations through time-saving automation, and allows you to focus on strategic decision-making.
📌 Web3 | Shiba Inu Launches ‘SHIB: The Metaverse’ in Early Access (Jan 3)
Shiba Inu has expanded its ecosystem with the launch of ‘SHIB: The Metaverse,’ now available in early access. This virtual environment invites users to explore, build, and connect within a blockchain-driven digital space. Powered by Shibarium, Shiba Inu’s custom blockchain, the platform offers over 100,000 land plots, with a portion unlocked for early use.
📌 NFT Game | Nakamigos Launches “Rise of the Wolf” RPG Prototype (Dec 30)
Nakamigos has officially stepped into the gaming world with the release of Rise of the Wolf, a prototype RPG now available for Windows PCs. Developed by HiFo Labs using the cutting-edge Unreal Engine 5, the game provides an early taste of the Nakamigos-CLOAKS universe.
NFT Chain Volume 💎
Over the past week, NFT marketplace volume went down to $164.2 million from $187.4 million in the previous week. Ethereum claimed the top spot with a 64.4% market share while with $105.8M chain volume, surpassing both Solana and Polygon.
Top 3 NFT PFP projects by volume are the same as two weeks past: Pudgy Penguins, Azuki and Lil Pudgys, with 7-day trading volume at 4.5K, 2.9K and 2.5K ETH respectively.
Credit to : @NFTpulse
Memecoin Market Cap and Volume 🔑
Last week, the daily market cap for memecoins reached $114.03 billion on January 5th.
The weekly trading volume totaled approximately $75.3 billion, reflecting a 2.9% increase compared to the previous week.
Credit to : @CoinMarketCap