Weekly NFT Juice (31st Jan -6th Feb)
Apologies for the delay on this piece! Have been a hectic week.
Series format:
-Performance of general NFT market
-In the Verse (news for crypto-natives)
-Over the Bridge (news for IRL co. coming in)
LFG!
Apologies for the delay on this piece! Have been a hectic week.
Series format:
-Performance of general NFT market
-In the Verse (news for crypto-natives)
-Over the Bridge (news for IRL co. coming in)
LFG!
1a: Past 7 weeks' performance (@opensea only!)
- Strong momentum from the previous week carried over
- Record broken once again for the best week; $1.67b vol & 1.1m transactions
- First-ever million transaction week!
- Strong momentum from the previous week carried over
- Record broken once again for the best week; $1.67b vol & 1.1m transactions
- First-ever million transaction week!
1b: This particular week (@opensea only!)
- Started the week strong, but momentum dwindling as the week progresses
- Possible start of "retracement" in the NFT market? 🤔
- Started the week strong, but momentum dwindling as the week progresses
- Possible start of "retracement" in the NFT market? 🤔
1c: @opensea vs @LooksRareNFT
Decided to try something better for this segment as previous data only shows
- O.S still > L.R in performance
- Wash-trading still rampant on L.R
which wasn't useful in analysing the competition...
Decided to try something better for this segment as previous data only shows
- O.S still > L.R in performance
- Wash-trading still rampant on L.R
which wasn't useful in analysing the competition...
cont
Instead, I'll be using @hildobby_'s new L.R dataset where the wizard attempted to remove as much wash-trading data as possible.
Read how it's done here:
Instead, I'll be using @hildobby_'s new L.R dataset where the wizard attempted to remove as much wash-trading data as possible.
Read how it's done here:
https://twitter.com/hildobby_/status/1489706904733380608
cont
L.R's Performance by the week
- Overall pretty similar results w/ O.S (except 24-30th Jan)
- This week is also the best ever week for L.R
- User Count & Transactions rising W.o.W
Will be interesting to see how L.R fares after the halvening of rewards after 9th Feb.
L.R's Performance by the week
- Overall pretty similar results w/ O.S (except 24-30th Jan)
- This week is also the best ever week for L.R
- User Count & Transactions rising W.o.W
Will be interesting to see how L.R fares after the halvening of rewards after 9th Feb.
Ideally, we would want to see our web 3.0 brethren @LooksRareNFT's User Count & Transactions continue increasing.
This would mean that users are actually using the platform, despite a decrease in reward.
Read more about the halvening here:
docs.looksrare.org/blog/looks-emi…
This would mean that users are actually using the platform, despite a decrease in reward.
Read more about the halvening here:
docs.looksrare.org/blog/looks-emi…
In the Verse!
2a: GameFi & regulatory pressure in Asian Market
- Governments might consider GameFi's mechanics as a form of gambling
- Korea's Gaming Industry bans game currency from being converted into cash
.....
coindesk.com/policy/2022/02…
2a: GameFi & regulatory pressure in Asian Market
- Governments might consider GameFi's mechanics as a form of gambling
- Korea's Gaming Industry bans game currency from being converted into cash
.....
coindesk.com/policy/2022/02…
cont
- Tokyo-based law firm specifically mentioned @AxieInfinity's breeding mechanics & entry fees into game tournaments could be considered illegal gambling
Important to keep updated on govt's stance on this!
- Tokyo-based law firm specifically mentioned @AxieInfinity's breeding mechanics & entry fees into game tournaments could be considered illegal gambling
Important to keep updated on govt's stance on this!
2b: @LitProtocol's NFT / Token Gated Access with @Zoom live!
- Similar concept to exclusive groups on @discord verified with @Collab_Land_
- Nevertheless excited to see NFTs integrating with more IRL cos. that we're using on a daily basis
...
- Similar concept to exclusive groups on @discord verified with @Collab_Land_
- Nevertheless excited to see NFTs integrating with more IRL cos. that we're using on a daily basis
https://twitter.com/LitProtocol/status/1488347166615785473
...
Exclusive access will become more prominent in fan-service use-cases (recent @a0k1verse)
Think @Marvel movie ticket as NFT that also allow access to exclusive videos & events. Missing out on these = not getting easter-egg references in future movies.
Induce FOMO = Higher Sales!
Think @Marvel movie ticket as NFT that also allow access to exclusive videos & events. Missing out on these = not getting easter-egg references in future movies.
Induce FOMO = Higher Sales!
2c: Raises 🤑
- @GalaxyFight_NFT $7m led by @animocabrands
- @BoredApeYC potential $5b raise from @a16z
- @GalaxyFight_NFT $7m led by @animocabrands
- @BoredApeYC potential $5b raise from @a16z
2d: Honourable Mentions
- @LooksRareNFT supports NFTs that uses video/animation URLs
- @WeMetaTweets launches 1st metaverse analytics engine
- @RTFKTstudios airdrops their holders ( my thread on this in a few days!)
- @decentraland's 2022 Manifesto
- @LooksRareNFT supports NFTs that uses video/animation URLs
- @WeMetaTweets launches 1st metaverse analytics engine
- @RTFKTstudios airdrops their holders ( my thread on this in a few days!)
- @decentraland's 2022 Manifesto
Over the Bridge!
3a: @Raramuri_io's Marathon
- Integrating IRL marathon w/ metaverse
- Players run IRL & race data tracked corresponds to an avatar progressing in a virtual course
This da future ladies & gents! VIRTUAL 🤝🏻 IRL
coindesk.com/tech/2022/01/3…
3a: @Raramuri_io's Marathon
- Integrating IRL marathon w/ metaverse
- Players run IRL & race data tracked corresponds to an avatar progressing in a virtual course
This da future ladies & gents! VIRTUAL 🤝🏻 IRL
coindesk.com/tech/2022/01/3…
3b: @Nike sues @stockx over the sale of unauthorised Nike-branded NFT
- Topic on IP in Web 3 is interesting. Should there be any difference and how enforceable are they?
cnbc.com/2022/02/04/nik…
- Topic on IP in Web 3 is interesting. Should there be any difference and how enforceable are they?
cnbc.com/2022/02/04/nik…
E.g If I own a BAYC and have built a brand around it, does sale of the NFT = transfer of IP & brand?
E.g CloneX with Murakami traits does not come with a commercial license. How do they enforce this if an anonymous owner goes against this?
E.g CloneX with Murakami traits does not come with a commercial license. How do they enforce this if an anonymous owner goes against this?
https://twitter.com/rtfktstudios/status/1470097378573271042
3c: Celebrities / Companies entering the space
- @TomBrady announces retirement to all in crypto
- @coachella 🤝🏻 @ftx_us to launch lifetime event pass NFT
- @Sony buys over @Bungie
- Saudi Arabia's state-owned NEOM invests $1b in a metaverse
- @GameStop 🤝🏻 @Immutable $150m
- @TomBrady announces retirement to all in crypto
- @coachella 🤝🏻 @ftx_us to launch lifetime event pass NFT
- @Sony buys over @Bungie
- Saudi Arabia's state-owned NEOM invests $1b in a metaverse
- @GameStop 🤝🏻 @Immutable $150m
END
That's all for this week's report! Special thanks to @hildobby_ for the data.
Will be working on my @RTFKTstudios thread! Keep a lookout for it.
Please help to RT/Like if this series has helped you! TY!
Stay safe all.
That's all for this week's report! Special thanks to @hildobby_ for the data.
Will be working on my @RTFKTstudios thread! Keep a lookout for it.
Please help to RT/Like if this series has helped you! TY!
Stay safe all.
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