NFT Digest — August 26, 2021
Weekly NFT updates from LegendsofCrypto(LOCGame)!
Fox Corporation backs Eluvio’s $100M raise as part of its content plan for NFTs
Fox Corporation has invested in Eluvio, a company dedicated to managing, distributing, and monetizing premium content to help develop the mass media company’s NFT business. On August 25, Eluvio’s Series A funding round ended at a $100 million valuation.
This development comes almost 3-months after Fox partnered with Bento Box to launch Blockchain Creative Labs, a division to provide content creators, advertising partners, and others, the right blockchain solution to bring their NFTs to life.
‘Shadowy Super Coder’ Pack Offers $315M of Perks for Ethereum NFT Devs
Politicians may sometimes strike the wrong nerve, and this time around, it was with the crypto community after U.S. Senator Elizabeth Warren referred to the community as a “ shadowy, faceless group of super-coders and miners.”
Project Galaxy has created the ‘Shadowy Super Coder NFT Pack’ to encourage NFT creation as it includes perks and incentives for developers on Ethereum.
The pack includes benefits for eligible developers including, 20,000 Gas fee-free transactions from Polygon, a free trial and discounts from Alchemy, and 50 GTC from Gitcoin.
Budweiser uses $120K to purchase ‘fan art’ NFT and Beer.eth domain
THE Budweiser a subsidiary of Anheuser-Busch InBev, on August 24, the company purchased a Budwiser-branded rocketship NFT for 8 ETH ($25,704).
The company used the “Life of the Party” image, which features three beer cans to make up the body of a rocketship. Budweiser also bought Beer.eth for 30 ETH. The domain name was created through the Ethereum Name Service on OpenSea.
Highest 7-Day Sales:
In the past 7 days (August 19 — August 26), the top 7 NFT sales stood at a total of $17.479M. Marking the end of a two-week streak in total sales price drops with a $7.655M increase from last week.
CryptoPunks is back on top after lagging at number 7, and Fidenza remains on the list for another week in a row! This week’s top NFT sale belongs to CryptoPunk #7252 at a price point of $5.331M.
It’s been an overall great week for several projects as the sales price in every spot has surged.
Top 5 Projects to Consider for Investment Portfolio:
In the past 7 days (August 19 — August 26), the top 5 projects amounted to a total of $742,396,952.59 and 459,928 sales. A $401,687,330.84M INCREASE in sales volume and a 16,467 increase in sales!
This is the largest increase in sales volume in a week since the start of the LOCG NFT Digest! Art Blocks takes the lead in sales volume at $228,329,632.54M and Axie Infinity in sales at 419,630.
ON1 Force is a first-timer among regulars on this list!
Top NFT Marketplaces:
In the past 7 days (August 19 — August 26), the top 7 marketplaces had a total of $1,391.051T in volume, another MASSIVE increase for the second week in a row at 726.085M.
For another week in a row, Axie Infinity takes the lead in traders at 132,428 and is closely followed by OpenSea, at 102,601. OpenSea is again the leader in sales volume for the fourth week at $995.085M. This week OpenSea’s had a close to 50% increase in volume!
NBA Top Shot remains in the top 7 for the second week in a row, after its sales volume increased by over 300%.
Read last week’s NFT Digest here!
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