NFT Digest — October 28, 2021
Weekly NFT updates from LegendsofCrypto(LOCGame)!
Overview:
- Headline News
- Highest 7-Day Sales
- Top 5 Projects to Consider for Investment Portfolio
- Top NFT Marketplaces
Beeple Returns to Christie’s with NFT Sculpture
Beeple will auction a physical NFT titled “HUMAN ONE” at Christie’s New York office on November 9. The auction will take place as part of Christie’s 21st Century Evening Sale, which features artists such as Damien Hirst, Banksy and Jean-Michel Basquiat. Bidding for Beeple’s work will start at $15 million.
“HUMAN ONE” is the first artwork by Beeple that combines both physical and digital elements. It is in the context of a new era of blockchain-based physical and digital art. Earlier this month, a similar tokenized sculpture by FEWOCiOUS sold for over $2 million at Sotheby’s.
BREAKING: Facebook rebrands to Meta as focus expands beyond social media
Facebook Inc. announced Thursday that it has changed its company name to Meta — the first major rebranding in its history!
The name change, which reflects the company’s growing ambitions beyond social media, was announced by CEO Mark Zuckerberg at the Facebook Connect conference as part of the company’s vision to create a “metaverse” that connects online social experiences and the physical world.
This year’s event focuses heavily on the Metaverse concept, brought to prevalence by blockchain technology and NFT projects!
GameStop NFT Plans Continue With Flurry of Job Listings
The company intends to hire eight employees for three different positions. All positions are remote, but are located in four cities.
The job posting seeking a senior software engineer asks applicants to have “experience with NFT marketplaces,” suggesting GameStop plans to launch a full-fledged NFT marketplace. If correct, the move would make GameStop one of the first traditional companies to launch its own full-fledged NFT marketplace instead of launches NFTs on third-party marketplaces.
Highest 7-Day Sales:
In the past 7 days (October 21 — October 28), the top 7 NFT sales amounted to a total of $10.55M and this week its dominated by CryptoPunks as it gets back to first place and dominates the list!
‘CryptoPumk #1422’ is at #1 at a price point of $2.01 million followed by SuperRare’s ‘DANKRUPT’ in second place
Top 5 Projects:
In the past 7 days (October 21 — October 28), the top 7 projects amounted to a total of $100,661,336.81M in sales volume and 10,080 in sales amount.
CryptoPunks reigns king at a price point of $34,902,481.68! Three newcomers make an appearance on the list and one of them, the Boonji Project takes the lead in sales at 5,177!
NFT Marketplaces
In the past 7 days (October 21 — October 28), the top 7 projects amounted to a total of $654.64M in sales volume and 438,577 in total traders.
Not surprisingly, OpenSea in the lead as the project with both the highest sales volume at $426.11M but lags behind Axie Infinity at traders volume.
The market has significantly dropped in terms of sales volume, given the current situation across the crypto market, how long before the NFT industry starts picking up again? Let us know what you think!
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