Are NFTs Back?
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
Those NFTs you like are coming back in style.
Or at least it would seem so from perusing the floor prices of top NFT collections this week. Over the past 7 days, we've seen some considerable runs.
For example, in that span:
- On Ethereum, Bored Apes, Pudgy Penguins, and Azukis are up 30%, 12%, and 18% respectively
- On Bitcoin, NodeMonkes, Quantum Cats, and Pizza Ninjas are up 7%, 9% and 26% respectively
- On Solana, DeGods, y00ts, and Claynosaurz up 49%, 58%, and 9% respectively
This wave of buy pressure, the strongest we've seen in the NFT market for some time, suggests that more people are once again turning their attention to digital collectibles.
The grand question now? Is this just a temporary spike, or the start of a sustained revival for NFTs.
Only time will tell, but sentiments have clearly shifted toward the latter!
📰 General news
- KnownOrigin has nearly 30k NFTs at risk of metadata degradation
- Midjourney released its web editor platform
- Privy launched a Telegram integration and cross-app wallets
🎨 Cryptoart & music
🏆 Digital collectibles
- Arthur Hayes is launching an Ordinals collection, Airheads
- Bitcoin Pizza Ninjas announced its Pizza Ninja World: Capital City project
- Forgotten Runes distributed royalties to holders whose characters were featured in the collection's 1st comic book
🎮 Decentralized gaming
- Aavegotchi announced its Layer 3 (L3) scaling solution, Geist
- B3 unveiled BSMNT, a discovery platform for onchain games
- Del Complex released a series of updates to its Brain Worms game
- Parallel is running a High Stakes Tournament even this weekend
- The Forgotten Runiverse is preparing to launch its New Foundations public event
- Treasure introduced new Season 3 rewards quests
📱 Onchain social
- Paragraph added support for Coinbase Smart Wallets
- Rodeo opened onboarding access to all Farcaster users
- Warpcast introduced a new Explore feature and NFT-gated chat improvements
🪙 NFTfi
- Astaria facilitated a 110k USDC borrow via DEGEN
- Uniswap added UniswapX support to its mobile app
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
- 🎂 Happy Nouniversary - Nounsletter
- 💽 Programmable Media - Natalie
- 📱 The Consumer Crypto Paradox - Dark Star
- 🤖 The Story of My First and Worst Smart Contract - Backseats
- 🧱 My Experience Building 2 Versions of a Farcaster Client - YB