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Mar 17 • 18 tweets • 17 min read
Weekly NFT Juice (7th Feb - 13th Mar)

5th Consecutive Week of Decreasing Transaction Volume

Can @YugaLabs' acquisition of @LarvaLabs spark a revival?

Let's take a look 🧵
1a: Past 7 weeks' performance (
@opensea
only!)

Volume decreased even further to $600m level 😥

A 14.43% decrease, compared to previous week.
Some hopium for y'all!

Despite poor performance in the 3 metrics,

• Decrease in Volume is lesser WoW (-33.14% vs -14.43%)
• Decrease in Users is lesser WoW (-14.06% vs -9.83%)

Though not as important as positive nos, nevertheless still sign of life & step towards revival 🤣
1b: This particular week (
@opensea only)

Still no obvious signs of momentum except for outlier day on 10th March.

Results for next 2 weeks will be telling of market strength due to

• More market clarity after FOMC
• Yuga Lab's acquisition of Larva Labs

Stay tuned!
1c:
@LooksRareNFT

LR's volume still < OS:

• LR Vol -18.2% WoW
• LR Vol / OS Vol = 82.5%, decrease from last week's 86.3%
• User and transactions still on downtrend except for outlier day on 11th Mar
IN THE VERSE!

2: New Launch / Acquisitions / Partnerships

BREAKING: @yugalabs (BAYC creator) acquires @larvalabs (punks creator)

• Announcement and giving back IP rights to owners 12/3


• @0xPrismatic's take on the effect
• Cryptic tweet on a collab w/ @animocabrands requiring KYC - something is brewing?


• @ysiu's take on KYC in NFT industry


-end of this acquisition-
@gemxyz

• Integrates with @LooksRareNFT


• @LooksRareNFT listing preferred over @opensea

- end of @gemxyz -
• @RTFKTstudio's CREATOR CHALLENGE on @RTFKTcreators


• HODLer Snapshot function available in @manifoldxyz's Manifold Studio


• Announcement of announcement by @Worldwide_WEB3
Metaverse overlord @animocabrands

• Led $7.5m seed round for @NFT3com


• In @UNXD_NFT's $4m round


• In @SpaceRunnersNFT's $10m round


• Strategic Investment in @VersusSystems
cont

• In @Nothing's $70m Series B


• Partnership w/ @drunk_robots


• In @theMatrixWorld $5.5m angel-round


-end-
AI NFT studio - @real_alethea

• Showcases AI capability with @RTFKTStudio's CloneX


• Drops ARKIV Collection


-end-
Honorable Mentions

•New NFT Asset fund @curatedxyz


• @worldofwomennft x @TheSandboxGame for $25m grant in WoW Foundation


• @theBlockCrunch podcast w/ @decentxyz
OVER THE BRIDGE

3: IRL Companies & Countries making moves

• @SnoopDogg signs 2 @RTFKTStudio's CloneX to @deathrowmusic


• @KingJames files for 4 metaverse trademarks
• @Baidu_Inc announces airdrop of 20k NFTs


• @Limewire announces NFT marketplace


• @SoftBank internet arm plans to launch NFT marketplace in 180 countries
Honorable Mention:

@BiancaMedici69 revealed to be @Sia
That's all for this week.

Slightly slower week in developments, particularly in the Web 2 / IRL space.

Maybe they're secretly building and not as eager to announce their moves now that the NFT market is calmer and lesser attention.
Apologies for the late report, have been an insane week for me!

Here's to hoping the Yuga x Larva Labs news will revive the NFT market 🤩

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More from @JavierAng_

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Mar 14
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I also explained them in layman terms for you.

A thread 🧵 Image
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The complicated but secure ver. of an Excel sheet that functions as a database that records data of all assets (type & rules), transactions and balances.

It's the backbone that enables the Web 3 economy to operate. Image
1b: Metaverse Substrate

The foundation Metaverses are built upon.

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Mar 7
One for All - Episode 2

Log of my reflection and lessons learnt 1 month into my internship w/ @mrjasonchoi and being on Twitter.
Lesson 1:
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Maybe I'm just more talented at memes 😭
Read 10 tweets
j Profile picture
Mar 3
Weekly NFT Juice (21st Feb - 27th Feb)

NFT Bear Market Is Here?! 😭
3rd Consecutive Week of Decreasing Transaction Volume

Let's take a look 🧵
1a: Past 7 weeks' performance (
@opensea
only!)

Transaction Volume has made another new low (since start of 2022 NFT bull-run)

Compared to the previous week, Volume DECREASED by 4.30% Image
But! There are some signs of life

• Volume decrease is lower (-4.30 % vs -18% prev)
• Transaction increasing, albeit slowing down (13.19% vs 17% prev.)
• Users increasing (4.69% vs -0.33% prev)

If this continues, we could see a reversal in NFTs despite macro uncertainty Image
Read 25 tweets
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Feb 17
Hi! @theBlockcrunch Intern here to update you guys on the updates/improvements we've rolled out to improve your listening & learning experience.

1. Follow Along Guide

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You can watch the video directly on the page as well!

E.g our latest on @SyndicateDAO: bit.ly/3sJIXpu
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We've created a database that stores all of our episodes and sorted them into their respective categories
Read 5 tweets
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Feb 17
One for All, Instalment 1

In this series, I share alpha I've learnt from @mrjasonchoi (and others) that I think is useful / relevant to you guys

Note: These are my personal interpretation and may not fully represent what they mean
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j Profile picture
Feb 16
Weekly NFT Juice (7th Feb - 13th Feb)

Is the NFT market going to retrace? 🤨

Series format:
-Performance of general NFT market
-In the Verse (news for crypto-native co.)
-Over the Bridge (news for IRL co. coming in)

LFG!
1a: Past 7 weeks' performance (@opensea only!)

Has the NFT market topped out?

I pointed out that the dwindling momentum over the previous week could signify the start of a retracement in the NFTs market.

This week, Vol & Transactions decreased 21 & 31% respectively.
1b: This particular week (@opensea only!)

The weakened momentum from the previous week carried over but Volume did pick up towards the end.

However, I believe that the increase is short-lived and not indicative of broader market sentiment.
Read 19 tweets

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