An NFT Weekly Recap: 10/10–10/16 by Metaverse HQ

Monday 10/10

A small uptick in marketplace volume still resulted in a mostly stagnant day across the NFT landscape. Pixelmon (.63E, +34%) saw surprise activity on almost 250E volume. OG collection, Autoglyphs saw #458 sell for 235E, raising current floor prices to 335E. CloneX (9.2E) also continued to hold firm with over 280E in volume on the day. Opensea closed above the $9 million mark, while ETH broke back below the $1300 mark.

News:

• Memeland completed its 7th Prize Draw today; with 1 MVP and 10 Potatoz NFTs going to selected winners. https://twitter.com/Memeland/status/1579502924388261888?s=20&t=Wm8G3N2eym29gYPmepfwsg
• Sandbox tweets metrics refuting current reports that its Metaverse user participation is slowing. https://twitter.com/TheSandboxGame/status/1579528320441815040?s=20&t=lsmujynlPeUObUwDZsBqnQ
• RTFKT teases a hidden message https://twitter.com/RTFKT/status/1579522361204019202?s=20&t=r7_CuB1hbmfPKhD15OTFVg

Notable Mints:

• Art Blocks x Pace Gallery: QWERTY by artist Tara Donovan sold out its 500-supply collection at Dutch Auction price of .27E. After a brief initial pop above .4E, it now sits in the .31E range on over 100E volume. https://opensea.io/collection/qwerty-by-tara-donovan

Tuesday 10/10

The quiet week continued into Tuesday with Street Machines (.33E, 250E vol.) being the big winners of the day. Opensea secondary volume came in around $10 million as ETH began showed more signs of weakness rounding out at $1285. In other news, Yuga Labs were the focal point for attention as Bloomberg got the scoop that Yuga would be undergoing an investigation by the SEC. This news came as an abrupt shock to most and sent the price of some Yuga assets, including $APE, tumbling downwards. All eyes seem to be glued to the markets as the rest of the week holds crucial macro-economic reports set to move the markets.

News:

• This morning CNBC reported that Google will be partnering with Coinbase to allow select users to pay for some Google Cloud Platform services. Rollout will begin in early 2023 with increasingly more users onboarded over time. https://www.cnbc.com/2022/10/11/google-selects-coinbase-to-take-cloud-payments-with-cryptocurrencies.html
• Google also made some more immediate updates to the user side, with crypto wallet addresses being fully searchable through Google. Certain addresses such as ETH will also display with the amount of native token held in the wallet. https://twitter.com/Blockworks_/status/1579839026588454914?s=20&t=Rvn4aBdeUNyyGB1Ok5lpfw
• CNN announced today that they would be shutting down their Web3 “experiment” the CNN Vault. While the market and website will no longer receive updates, the NFTs will live on the Flow blockchain and can still be traded there. https://twitter.com/vaultbycnn/status/1579562628493774851?s=20&t=0m61ISugPXhsxmu8Hlif5g
• Opensea tweeted out that NFTs from the Avalanche chain will now be supported for trading. https://twitter.com/opensea/status/1579864021037379585?s=20&t=ja55IsYifkgTS_JW1KZVew
• In rather surprising news, Bloomberg reported that Yuga Labs, founders of the Bored Ape Yacht Club, was the subject of an investigation by the SEC. This is not necessarily negative news as many such entities have been subject to probes and no wrong-doing has been accused of Yuga. https://twitter.com/annairrera/status/1579871663000522752?s=20&t=9ztcmlnyaDRye6umMOPpcw
• Boss Beauties tweeted today with rather few details, that a Barbie and Boss Beauties collaboration will be occurring, welcoming Barbie to Web3. https://twitter.com/BossBeauties/status/1579823377048825856?s=20&t=yT_hXBsulpZtZtndRgxHfg

Thursday 10/13

The action began early as CPI data was the hot topic of the morning. Global markets reacted poorly to the news at first but found a way to rebound to highs seen before the inflation report. As attention turned back towards NFTs, Gary Vee announced new utility for specific Veefriends holders while Gabe Leydon let the whole world know he would be bringing Digidaigaku to the Super Bowl in the form of an advertisement. Opensea daily volume quietly saw a nice increase where it jumped all the way to $13 million amidst the economic news with ETH holding around $1330.

News:

• Five individuals were arrested in France after allegedly being involved in multiple NFT hacking exploits. The scammers have taken at least five BAYC NFTs among many other high value NFTs. Authorities were first tipped off to the scammers ID’s through Web3 super-sleuth, ZackXBT. https://www.bfmtv.com/crypto/nft/bored-ape-cinq-personnes-mises-en-examen-a-paris-pour-le-vol-d-une-collection-de-nft_AD-202210120607.html
• Steve Aoki and Deadfellaz are teaming up this holiday season to launch a collaborative clothing and apparel line. The line will feature the eponymous Deadfellz characters on t-shirts, hoodies skate decks, and even a varsity sport jacket-style. https://www.billboard.com/pro/steve-aoki-deadfellaz-collaboration-hoodies-skateboards-jackets/
• Gabe Leydon and Digidaigaku are back in the headlines this week after Gabe tooth to Twitter to announce that Digidaigaku will be featured in a Super Bowl advertisement coming this February. https://twitter.com/gabrielleydon/status/1580551970452275202?s=20&t=-1OZfcRQZAikO6CyHVBmGQ
• Beeple released a cryptic teaser video on Twitter this morning showing an empty building being refurbished. The video ends with the text, “Beeple Studios (Part One)”. The studio will be located in Charleston, South Carolina with Beeple teasing more news to come soon. https://twitter.com/beeple/status/1580568728097689601?s=20&t=vPw-LcCUQ88RzhpBgI4y5A
• Gary Vee announced that holders of Alert Apes NFTs from Series 1 or 2 are now eligible to claim a free Alert Ape jacket produced by Starter. The jacket matches the iconic style of the 80’s and 90’s and will retail for $285 starting Oct. 28. https://blog.veefriends.com/veefriends-x-starter-jacket-featuring-alert-ape-9ac963a2ab33
• In welcome news to most traders, Opensea has begun the rollout of new analytics features native to a collection’s page. These analytics allow for more in-depth tracking and more data to for users to see when considering a trade. https://luckytrader.com/news/open-sea-rolls-out-new-analytics-feature
• The one and only Ghozali himself gave a shoutout to MVHQ on Twitter as he prepares for the launch of his upcoming project Ghozali AI. Good luck Ghozali! https://twitter.com/Ghozali_Ghozalu/status/1580014055242477569?s=20&t=7Lc910QPuMARal1rUo_HGw

Notable Mints:

• Tribo Flameys, a brand boasting VC backing and Web2 gaming experience, minted out for free today, from being a rather simple WL sign up in their discord yesterday. The collection saw immediate action on secondary where it ran all the way up to .5 before slowly retracing over the day. The collection ended the day with a floor price of .25E with 1150 unique holders in the 1950 collection. https://www.gem.xyz/collection/tribo-flameys/

Weekend Recap 10/14–10/16

In what has become a common theme, overall volume tapered off into the weekend even though there was plenty of activity across a variety of projects. On1 caught a good chunk of the action on the back of buyout speculation. Genuine Undead caught steam seeing over 1400E in weekly volume with floors touching 1E. Degen mint Down Market Ducks brought the !Quack meta back to life, Nyolings made a run to .1E on over 500E volume and Sougen Genesis also brought in over 300E in volume. Opensea finished with an $8.2 million Sunday closing numbers while ETH continues to range above the $1250 mark.

News:

• Konami announces plans to launch a new NFT marketplace. The global gaming giant backs popular IPs such as Yu-Gi-Oh, Dance Dance Revolution and Metal Gear Solid. https://twitter.com/LuckyNFTNews/status/1580979552314044417?s=20&t=uZBwLNMWea7JBJLJUaopiw
• Cameron Moulene, the Founder of Non-Fungible Films, tweeted that the team has been in discussions with classic NFT PFP project, On1 about a potential buyout. The offer aims to “acquire the collection, IP and Brand.” The news spiked the floor price of the collection from .35E to .9E with a flurry of sales, and has now settled back into the .47E range. https://twitter.com/cameronmoulene/status/1581015391114911744?s=20&t=AVVd_S3w5Oua4HdxmLrWeA
• Digidaigaku Heroes revealed and are currently holding a floor of 7E. The team went on to announce a giveaway for any holder that receives the most retweets on their revealed Hero. The winner will receive a 1/1 NFT from an anime artist of their choice. https://twitter.com/gabrielleydon/status/1581025629205499904?s=20&t=FSNvLYBnMEnAfha61Tl2VQ
• Azuki has launched new collectors profiles on their website for holders to connect and be apart of the start of the Azuki universe. Members can earn badges, display their NFTs and participate in upcoming drops. https://twitter.com/AzukiOfficial/status/1580961778871463936?s=20&t=f-hrF7TtKAN_0183PotRzg
• Azuki also teased a video for its upcoming “Proof of Skate” exhibit, set to take place in Hong Kong on 10/19. https://twitter.com/AzukiOfficial/status/1581013559861202944?s=20&t=XV_nfn9vnQYMDhT5OOZgaw
• CEO of Coinbase, Brian Armstrong, announces that he is planning to sell 2% of his Coinbase holdings to help fund scientific research companies. https://twitter.com/brian_armstrong/status/1581099147855155200?s=20&t=nb0o3Rb1cuSLNopwxuBoPw
• Art Blocks announces more details to its Generative Art Fund, a philanthropic effort that aims to support the advancement of “the creative practice of and discourse about generative art through collaboration, empowerment, inclusion, and amplification.” https://twitter.com/artblocks_io/status/1581046300094910464?s=20&t=pR5C_tHle-wSyCEhebpOfw
• Magic Eden announces that they are now making royalties optional across their NFT marketplace, while also removing their 2% platform fee. https://twitter.com/MagicEden/status/1581101016686399491?s=20&t=YZYtpitjMx7IhWiqu5y-hw
• Memeland has officially launched their new website https://twitter.com/Memeland/status/1581382175399636993?s=20&t=E0t3zOABNZL3CPNTdbtcgg