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NFT Digest — September 16, 2021

Weekly NFT updates from LegendsofCrypto(LOCGame)!

OpenSea Employee Found Insider NFT Trading

Head of Product Development at the OpenSea has been exposed for conducting insider trading of NFTs that are available on the world’s largest NFT marketplace.

Chastain was exposed by a Twitter user after on-chain data suggested that he was using “secret wallets” and confidential information to buy NFTs prior to them being promoted on the homepage, sold them, and then returned it to his public address.

Data from BlockBeas suggest the Chastain repeated it on multiple occasions and made at least 19 ETH (about $65,000).

Immutable raises $60M for its carbon-conscious NFT platform

Layer-two NFT protocol Immutable has raised $60 million in a Series B funding round from top-tier corporate venture firms including Gary Vaynerchuk’s VaynerFund.

The amount will be used to support Immutable’s operations, including an expansion of its global engineering and sales departments, growing industry partnerships, and scaling its own native NFT gaming projects.

Through Immutable X, its blockchain protocol for NFTs, the platform supported the launch of Gods Unchained, one of the first blockchain-based trading card games.

Utilizing the zero-knowledge proofs, Immutable plans on having a protocol that offsets its carbon footprint by building both mint and trading activity into a compressed validity proof to reupload to the blockchain.

Miss Universe Thailand, NFTs join in world first

Next month, Bitkub, a Bangkok-based crypto exchange, will be minting NFT cards of Miss Universe Thailand 2021 participants as part of the competition, making the event the first NFT beauty pageant.

Participants will get access to Bitkub educational material, and the winner will receive NFTs that will feature on the NFT game, ‘Morning Moon Village.’

Highest 7-Day Sales:

In the past 7 days (September 9 — September 16), the top 7 NFT sales amounted to a total of $13.4M.

CryptoPunks takes the lead with CryptoPunk #8857 takes the lead at a price point of $6.64 million followed by Autoglyphs. Art Blocks dominates the list in terms of appearances taking 3 placements on this week’s top 7 NFT sales.

Top 5 Projects to Consider for Investment Portfolio:

In the past 7 days (September 9 — September 16), the top 7 projects amounted to a total of $281,470,326.59M in sales volume and 421,009 in sales amount.

Axie Infinity takes the lead this week as the project with both the highest sales volume at $119M and sales amount at 408.12k.

CrypToadz is a newcomer on the list and currently sits at a weekly volume of $25,316,550.83M and a sales amount surpassing both CryptoPunks and Bored Ape Yacht Club at 4.86k.

Top NFT Marketplaces:

In the past 7 days (September 9 — September 16), the top 7 projects amounted to a total of $281,470,326.59M in sales volume and 421,009 in sales amount.

Axie Infinity takes the lead this week as the project with both the highest sales volume at $119M and sales amount at 408.12k.

CrypToadz is a newcomer on the list and currently sits at a weekly volume of $25,316,550.83M and a sales amount surpassing both CryptoPunks and Bored Ape Yacht Club at 4.86k

Read last week’s NFT Digest here!

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