State of the Index Report — NFTP

NFTP Synopsis:

NFTP is an index of NFT platform tokens, tracking the NFT market sector in a very broad fashion: from art platforms to the Metaverse, music-streaming services to community and fan tokens. NFTP is one of several indexes developed by Indexed Finance (Indexed.Finance).

Current Constituents:

AXS — 21% — $388,218 — https://axieinfinity.com/

ENJ — 17% — $308,758 — https://enjin.io/

MANA — 17% — $303,735 — https://decentraland.org/

AUDIO — 11% — $200,852 — https://audius.co/

SAND — 10% — $168,040 — https://www.sandbox.game/en/

SUPER — 7% — $120,907 — http://superfarm.io/

ERN — 5% — $93,324 — https://ethernity.io/

GALA — 5% — $84,938 — https://gala.games/

RARI — 4% — $71,202 — https://rarible.com/

NFTX — 3% — $57,507 — https://nftx.org/#/

Performance:

Token Price (1mo): $33.64 +144%

Current TVL (1mo): $1.8M +34%

Trading Volume (7d avg): $54K

Burn Fees Collected (1mo): 78.47 NFTP — $2557.33

Latest News:

ENJ:

• Enjin calls the community to help create a cleaner, greener earth. They’re looking for people with ideas on using NFT’s to help save the earth. Source
• Enjin details how their next-gen blockchain Efinity will transform the NFT landscape through rewarding bidders, evolving NFT’s, and EFI governance. Source
• EFI, the native token of the Efinity blockchain, lists on OKEx, Blockchain.com, Crypto.com, and CoinList. Source

MANA:

• Art Week 2021 just concluded and was a smash hit among art lovers and NFT enthusiasts alike. A few notable attendees include Ben Eine, Philip Colbert, and even Playboy! Source
• AvantGarde, an AI-powered NFT generator, shows off its ability to create unique works of art through machine learning. Source

AXS:

• Season 18 of Axie Arena begins with some notable changes. Source
• Season 18 will be 50% longer than previous seasons and reward the top 1000 players.
• SLP earning has been halved for many mechanics including adventure mode and daily quests.
• PVP earnings will scale faster with higher levels.
• Arena is being tweaked to reward users who try to increase their rating, so now is the best time to brush up on your battle skills.

SAND:

• Wave 7 of the Summer Jam LAND Sale went live on August 12th where 756 LANDs and 302 Premium LANDs went for sale.
• As well as LAND, more than a few ESTATEs went up for auction on OpenSea.
• Many new partners were announced as well with NFT Swapper, CryptoArt.Ai, and Wicked Craniums being just a few of the ones announced.
• The SandBox team are also working on improving the queue system and while it was not ready in time for Wave 7 the team hopes to implement the improvement during the next sales rollout. Source

AUDIO:

• Audius integrates with TikTok to allow users to directly upload tracks from Audius to TikTok. Source
• Collectibles have been enabled on Audius allowing artists to create exclusive content in the form of NFT’s for their audience and fans. Source
• Audius and The Graph partner to host the Audius subgraph on The Graph’s mainnet. Source
• Audius hits over 5.2 million monthly average users and over 65 million monthly API calls. Source
• Coin Bureau Audius Review

SUPER:

• Famous graffiti artist Katun (@katun_) dropped the platform’s first evolutionary NFT’s on SuperFarm. Source
• A select few of these NFT’s will evolve on October 17th at 18:00 UTC.
• One lucky holder of the “Apes Stand Strong” NFT will be dropped a one-of-a-kind NFT called “Inferno”.
• 20% of all “Mystical Fruits” holders will see their NFT evolve into a special edition “Garden of Bloom” NFT.
• SuperFarm and Travala partner to offer travel services paid for in SUPER. Source

ERN:

• Ethernity Chain partners with BANQ to create an accessible credit card payment on-ramp to the Ethernity blockchain and NFT marketplace. Source
• Artist Bosslogic and Impossible Brief drop first-ever licensed and authenticated NFT collection from Lionel Messi, the world-renowned football player. Source
• Four exclusive NFT’s were dropped celebrating the achievements of Lionel Messi, one final unknown NFT will drop soon.
• NFT’s “The Golden One”, “Man From Tomorrow”, “Man Of The Past”, and “The King Piece” all launched on Ethernity Chain’s ETH Mainnet.
• The final NFT will drop on Aug 21st on Polygon Network. Currently, the name and artwork of the NFT are unknown, but there will be 30k editions priced at $50 each in wETH.

GALA:

• Gala Games and “888 The New World” partner to bring new assets and NFT’s to the Gala Games platform. Source
• Echoes of Empire joins the growing list of available games in the Gala ecosystem, node vote pending. Source
• The recent VOX drop saw a huge number of people come out to mint the NFT’s, however, the team has noted that many people were not able to acquire one and were instead left with failed transactions. The Gala Games team will be handing out NFT vouchers to those that had failed transactions, if this was you, go submit a “VOX Cancelled Transaction Form” to claim yours. Source

RARI:

• Rarible announces “The Rarible Protocol’’ an open-source, cross-chain tool for NFT’s. Source
• The protocol is an ecosystem consisting of multiple platforms including Zerion, CocoNFT, and MintGate.
• Included is an open-source indexer that developers can store and sort their NFT data on.
• Includes new monetization features like fee-splitting, gasless minting, and cross-platform royalties.
• Supported blockchains include Ethereum, Flow, Polygon, Polkadot, Tezos, and Binance Smart Chain.
• Rarible raises $14.2M from investors to bring NFT’s to the mainstream market. Source
• Investors include Venrock Capital, 01 Advisors, and CoinFund.
• Rarible officially partners with the Flow blockchain.
• Credit card payments and a new L2 solution are planned.

NFTX:

• NFTX launches its Dune Analytics dashboard. Source
• A new Zap contract has been created that resolved some issues of the old contract. Source
• Users should migrate their stake from the old Zap to the new Zap contract.
• Early users will receive an airdrop of 2 NFTX tokens.
• The new Zap staking contract no longer has a lock period.
• NFTX announces that the D2 PUNK fund will be unwound. Source
• The D2 PUNK fund will be unwound and turned into a floor vault.
• Punks with the Punk-Basic, Punk-Attr-4, and Punk-Female attributes will be included in the Punk floor vault.
• Punk-Zombie and Punk-Attr-5 tokens will be market sold with proceeds going to holders of the specific attribute tokens.
• Staking rewards are live on NFTX V2, you can now earn yield on your NFT’s. Source

*Data current as of 8/23/2021.

About Indexed Finance:

Indexed Finance (Indexed.Finance) is a project focused on the development of passive portfolio management strategies for the Ethereum network.

Indexed Finance is managed by the holders of its governance token NDX, which is used to vote on proposals for protocol updates and high-level index management such as the definition of market sectors and the creation of new management strategies.