ETH Up, NFTs Pump

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While BTC (-0.4%) and SOL (-4.21%) are down on the week, ETH is up 2%, with top Ethereum NFTs also trending green over the past seven days.

During that time, floor prices climbed across major PFPs like CryptoPunks (+7%), Pudgy Penguins (+14%), Miladies (+19%), and Azuki (+11%), along with generative art series like Autoglyphs (+24%), Fidenzas (+15%), and Chromie Squiggles (+9%).

Things are flatter elsewhere.

For instance, on Bitcoin top collections like NodeMonkes and Bitcoin Puppets are down around 1-2% this week, with Mad Lads—the king of the PFP hill on Solana— also down by 2% in that span.

Those are hardly 7D bleedouts, to be sure. Yet it's interesting to note the relative strength of Ethereum NFTs compared to big assets on other big chains right now.

Seeing both ETH and top Ethereum NFTs ending the week with gains and simultaneously outperforming the other crypto majors hasn't been a common occurrence over the past year.

Whether this shift is the start of a true reversal or just a temporary divergence remains to be seen, of course. But for now, Ethereum NFTs are enjoying a moment of strength while the rest of the market drifts sideways—let's see if they can keep it up!

Other news this week...

📰 General news

• Aragon released its next-gen governance tooling
• Canary Capital proposed putting Pudgy Penguins NFTs and $PENGU in an ETF
• The SEC said fundraising NFTs should be exempt from securities regulations
  

🎨 Cryptoart

• Completor launched for BasePaint collectors
• jvmi dropped Charts on OpenSea
• Leander Herzog released Infinite Garden on Shape
• Modularium is hosting its latest curated release, Chimeras by ACRB

🏆 Digital collectibles

• OpenSea added support for NBA Top Shot cards
• Taproot Wizards released its allowlist checker

🎮 Decentralized gaming

• Arrows, a new onchain game inspired by Checks and Higher, is launching next week on Base
• Fableborne kicked off another playtest
• Fishing Frenzy launched on Ronin
• Forgotten Runiverse was OK'd for development on Nintendo, PlayStation, and Xbox
• Immutable neared 5M Immutable Passport users
• Kamigotchi raised a $1.3M seed round
• Treeverse arrived in the Apple App Store

📱 Onchain social

• Checkr, a trading hub based on Farcaster activity, launched
• Farcaster mined its first Snapchain block
• Lens Chain is about to launch
• Rodeo released its iOS app
• Warpcast now hosts 70k funded wallets and unveiled account verifications

🪙 Memes & NFTfi 

• GONDI added 90-day loan offers for CryptoPunks
• Pump.fun introduced PumpSwap
• Rainbow unveiled its Rainbow Token Launcher

🌐 Virtual Worlds

• Decentraland released a new desktop client

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• 💡 The Collector Funnel — BlockchainBrett
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• 🪴 Reading the Code of "World Computer Sculpture Garden" — Ara