An NFT Weekly Recap: 10/3–10/9 by Metaverse HQ

Monday 10/3

Pockets of activity swarmed the marketplace as volume crept back upwards on what turned out to be a Monday full of solid action. Renga continued its its heavy hitting upwards rise with floors touching 3E on over 1.2k ETH volume on the day. Kitaro also sustained its weekend momentum with another 1000E in volume and floors ripping above .3E. The seemingly historical Linagee Name Registrar service claims to be the first NFT on ETH dating back to 2015 and did over 500E in volume on the day as well. Marketplace volume closed just under $13 million, seeing its highest daily close since 9/20. ETH also played nice with a solid run back above $1300.

News:

• Moonbirds announce the discussion and creation of a new Moonbirds DAO with PROOF Collective funding upwards of $2.5 Million into the fund. $500,000 will come from Moonbirds NFTs with another $100,000 being used to purchase Moonbirds from the secondary marketplace. https://twitter.com/moonbirds/status/1576997306171170816?s=20&t=AnSzAtsXkDqMpbm7COS29A
• Crypto Sleuth ZachXBT tweets out a tease for another investigative thread coming tomorrow https://twitter.com/zachxbt/status/1576991419956621312?s=20&t=vsG3NBz_h8yvtCDR55edqA
• 24/7 Comics tease an upcoming Crossover Comic titled Age of Valor. A flurry of activity followed after the official Azuki Twitter account replied with an “eyes” emoji, hinting at a potential collab. Our very own @Silvaserger managed to drop a quick hittin writeup in #fieldreports just prior to the tweet, setting MVHQ chat ablaze with the action packed sequence of events. https://twitter.com/247ComicsHQ/status/1577132747960684544?s=20&t=jEhozQWecxCvBFBJDI5ghg
• Beeple Hacked! The world renowned NFT artist states that his project Discord server was hacked and sent members to a fake server where some wallets were drained. https://twitter.com/beeple/status/1576930690850951169?s=20&t=Lbz3-NKcwmydHNWkpoB3Og
• Kim Kardashian is forced to pay $1.26 million in order to settle a case with the SEC regarding her failure to disclose payment for a crypto token called EthereumMax. The filing claims Kardashian was paid $250,000 to promote the coin back in June. https://twitter.com/GaryGensler/status/1576897535427448832?s=20&t=PQZadBIwJnBK5JDCvYJSOw
• The Bowie on the Blockchain auction for a FEWOCiOUS NFT and statue concluded at a final sale price of 96.529E. https://twitter.com/fewocious/status/1577039202989899777?s=20&t=AnSzAtsXkDqMpbm7COS29A

Tuesday 10/4

The energy and vibes around the NFT space continued riding high off of Monday’s volume and excitement. Gary Vee is dropping official Veefriends plushes in major retailers nationwide while Art Blocks is overhauling their collection names and website alongside a new contract implementation. Opensea saw a retrace in secondary volume from its strong Monday debut closing at $11 million on the day fueled by strong volume from ENS (1500E vol.) and Kitaro World (400E vol.). ETH saw strength as well as crypto and traditional markets saw a rally with ETH sticking around it’s $1350 range.

News:

• Veefriends announced a partnership with both Macy’s and Toys “R” Us to bring a line of plush figures based off of 6 key Veefriends characters. The selection of plushes will launch on October 17th with free claims of differing levels open to holders of the 6 select characters across Gen. 1 and Gen. 2. https://twitter.com/veefriends/status/1577276856813903873?s=20&t=7khI3wsxqHulb8RqX6I7Pg
• GxngYxng of the acclaimed Ghxsts series announced details surrounding his Ghxsts Comic Chapter 2 today. A snapshot will be taken of holders of Chapter 1 NFTs with minting for Chapter 2 opening just 4 hours later. https://twitter.com/Ghxsts/status/1577140675547893760?s=20&t=_d6j9qMmf1hWAge-v7N7jw
• Everyone’s favorite generative art platform, Art Blocks, announced a rebrand of sorts as they transition to a new website, smart contract and collection naming system. Soon the Factory and Playground collections will cease to exist and moving forward all new projects that are not Curated will be under the Art Blocks Presents umbrella, among many other changes. https://medium.com/the-link-art-blocks/the-next-version-of-art-blocks-7ff01308b475
• LinksDAO announced the next in an ongoing series of partnerships with Golfbreaks by the PGA Tour. LinksDAO pass holders can access $400 off certain golf trips offered by the platform which prides itself on saving members on booking fees. https://twitter.com/LinksDAO/status/1577365641761361921
• Bud Light revealed a collection of Bud Light Team Can NFTs that will allow holders to take place in an NFL Pick ’Em contest starting Week 6 of the season. Prizes for the contest include NFL All Day Packs, a years supply of beer, and even Super Bowl tickets. https://fandom.budlight.com/about
• Later in the evening Opensea took to Twitter to announce that their own bulk buying and listing features had gone live on their site.This feature allows up to 30 purchases at once. https://twitter.com/opensea/status/1577458262269575168
• Tally Labs and Jenkins the Valet released a Medium article detailing their path forward after their disastrous Azurian PFP previews surfaced last week. The team says a council will be formed in order to curate a new collection with new artists and a brand new direction. https://jenkinsthevalet.medium.com/azurian-avatars-where-we-went-wrong-and-how-were-fixing-it-f28d6c78613f

Wednesday, 10/5

Cool Cats and Animoca find common ground in a new strategic investment, leading to over 300E in volume and a 20% floor bump to 3.25E. CloneX also saw some activity with floors pushing back above 7.2E. Artblocks Curated passed the hotel art test once again as Fontana finds success. Marketplace volume closed above $11.6 million with the price of ETH maintaining above the $1300 range.

News:

• Animoca announces a strategic investment into Cool Cats as the two Web3 giants aim to work together in a more official capacity moving forward. Details of the partnership, including amount of investment, have not been disclosed.
• Bored Ape Yacht Club introduces a new Community Council spearheaded by 7 notable and active holders. https://twitter.com/yugalabs/status/1577692338197041153?s=20&t=XEBjk6KP2yCi5DsVdI6jjA
• Decentraland announces its annual Metaverse Music Festival without many other details. The event was a previous success with many notable musical acts and artists such as Deadmau5 and FEWOCious. https://twitter.com/decentraland/status/1577736877485924352?s=20&t=JAWFX_J8qc4abO2F1X-AkA
• After a disastrous reveal, Azurbala has created a Community Feedback Portal to help improve their art moving forward. https://twitter.com/azurbala/status/1577744459118297088?s=20&t=Ipbxcdfi7hrgtNkYwev6og
• 3Landers, in partnership with ToyLaxy, teases toys set to launch on Friday https://twitter.com/3LandersNFT/status/1577720293774299148?s=20&t=Ipbxcdfi7hrgtNkYwev6og

Notable Mints:

• Art Blocks Curated: Fontana by artist Harvey Rayner sold out at a Dutch Auction price of .47E. Floor prices surged above 1.5E and currently hold at 1.39E on over 350E volume. https://opensea.io/collection/fontana-by-harvey-rayner-patterndotco
• Helix sold out its 5k supply at a .1E mint price. The project plans an immersive Metaverse experience and currently sits above mint price at .18E on almost 280E in volume with 56% unique holders. https://opensea.io/collection/helix-founder-pass-official

Thursday 10/6

Thursday continued the week of excitement as volume slowly returned to the market, exciting news dropped, and yet another exchange was hacked for hundreds of millions of dollars! Exploits were the name of the game today as Dapper Labs paused pack drops for UFC Strike and the Binance Smart Chain were both experienced hacks, to wildly different extents. Meanwhile secondary volume continued to slowly rise on the back of a banner day for Probably a Label (.16E, 650E vol.) and another strong day from Renga (2.4E, 600E vol.) as it recovered on the dip. Opensea daily volume hit $13 million while ETH held strong at $1350.

News:

• In what seems like a perverse episode of Groundhog’s Day, Dapper Labs and the UFC Strike team announced the pausing of pack drops for October after being alerted to a user exploiting their drops. One user found a way to purchase packs with the rarest NFTs available in any drop they chose, much to the outrage of the UFC Strike community. https://twitter.com/ZukCollections/status/1577093668808192000?s=20&t=hapIJjufZsrZZHppIsxotg
• Later in the afternoon Digidaigaku holders were airdropped tokens allowing them to access to play their metaversal sister-game, Branch.gg’s Castaway. Previously, access was gated to holders of the original 100 castaway Raft NFTs. https://twitter.com/gabrieIIeydon/status/1578079541448278020?s=20&t=WW-ucsidiZXFdzWxisdYIw
• In a shocking twist, Draftkings new hit platform, Reignmakers, will no longer be available for users in the state of Pennsylvania. The announcement expanded to specify that users could still buy and sell the NFTs on the marketplace, but entering contests would not be allowed. https://discord.com/channels/846793245790044281/846793517233864755/1027708731804356628
• 10KTF announced today that holders meeting certain requirements would be eligible for a premint for limited edition NFTs and a corresponding physical edition of an electronic NFT display. Winners of the raffle will need to pay 200 $APE in order to mint along with other steps involving a commemorative NFT. https://twitter.com/10KTFshop/status/1578150721513345025?s=20&t=0J48KlBYzmQPb7e0EYju5g
• Holders of Cool Cats Comic NFTs are now able to redeem their NFTs for matching versions of physical comics in a 1 to 1 claim. Physical comics will match the cover and rarity of their NFT counterpart and are said to ship with additional pages not included in the NFT comic. https://twitter.com/coolcatsnft/status/1578117939995230209?s=20&t=0J48KlBYzmQPb7e0EYju5g
• Binance quite suddenly pause their entire blockchain today after a user was able to exploit the chain for nearly $600 million dollars in tokens. The user successfully moved around $100 million in tokens off the BSC in order to liquidate on other chains before Binance and CZ paused the chain to deal with the issue. Investigation is still ongoing. https://twitter.com/binance/status/1578148574205878272?s=20&t=HNp3GNTeugdqInNDckF0zg

Notable Mints:

• Probably a Label — Probably a Label minted this morning in association with Opensea via their own launchpad and saw immediate positive response on secondary due in large part to the hype from a partnership with Warner Records. The project minted out in the first allowlist phase and has since done 650 ETH in volume across secondary markets. The project currently holds a .16E floor with 4100 holders across 5555 NFTs. https://www.gem.xyz/collection/probablyalabel/

Weekend Recap 10/7–10/9

While volume on Friday finished at a relatively healthy $13+ million, we hit new local lows of a $8.4 million close on Sunday. Still, there was action to be found as CloneX continued its recent surge towards 10E floors with over a 40% climb to end last week. Wolf Game (1.2, +84%) also saw healthy activity, while recent mint StreetMachine (.18E) also held up well with consistent volume. ETH continued to hold serve above $1300 as well.

News:

• BAYC shares a look into their upcoming Sandbox Experience, set to take place in Miami 2035. https://twitter.com/BoredApeYC/status/1578742507600740353?s=20&t=A4e-tBSPXQQU7T706jqYCw
• RTFKT unleashes a new video teasing the upcoming Project Animus. While details are scarce, an Egg Drop and early 2023 release were mentioned. https://twitter.com/RTFKT/status/1578470151304855553?s=20&t=_1HJhQAARSpF_D2pxMoYCA
• 10KTF announced an upcoming Kagami Mint for holders. https://twitter.com/10KTFshop/status/1578154382960402432?s=20&t=_1HJhQAARSpF_D2pxMoYCA
• Frank DeGod announced a new roadmap initiative aimed at providing DeGods ecosystem holders with transparency while later announcing the lowering of all collection royalties to 0%. https://twitter.com/DeGodsNFT/status/1579011291313684480?s=20&t=3WGDhBO7ytB2YAjB7--FOQ; https://twitter.com/DeGodsNFT/status/1579018796244692993?s=20&t=3WGDhBO7ytB2YAjB7--FOQ
• Memeland teases the next Prize Draw, Stage 4 reveal, new website and more in this tweet: https://twitter.com/Memeland/status/1579163164239097856?s=20&t=f90eqOvAsAWzjIUMmKitQQ
• Gutter Cat Gang merch redemption went live for all who purchased the GutterCon 2022 Merch bundle. https://twitter.com/GutterCatGang/status/1578445091365998592?s=20&t=_1HJhQAARSpF_D2pxMoYCA
• Top Shot announces another experience featuring Magic Johnson, called “Tapped In.” The top three collectors that appear on the Magic Johnson and MA Lakers leaderboard by 10/11 will win a guest experience at the Magic Mansion. https://twitter.com/nbatopshot/status/1578457307309953024?s=20&t=_1HJhQAARSpF_D2pxMoYCA
• The CFO of OpenSea, Brian Roberts, announced his resignation from the job. Roberts had been CFO for the past 10 months and will stay on as an advisor. https://cointelegraph.com/news/opensea-cfo-steps-down-after-11-months-in-the-job
• Voxies have officially launched their Season 0 with a 10-week season and a reward pool of 2 Million Voxel valued at over $500,000. https://twitter.com/VoxiesNFT/status/1578380992821223426?s=20&t=3WGDhBO7ytB2YAjB7--FOQ
• XEN Network, is a ponzified token mint that rewards those that mint sooner rather than later. As time goes on, holders receive more tokens for each person that mints after. Claim window is open for 7 days with all the details in this thread: https://twitter.com/MotleyInvestor/status/1578724892685410304?s=20&t=Ux9c9iiOEHRSHGf6qAYlqg

Notable Mints:

• Art Blocks Playground: Rectangles (For Herbert) by popular AB artist Jeff Davis, sold out at a fixed mint price of .1E. This marks Davis’ 8th collection and initial floors rip to the .4E range before settling back in at its current .18E. https://opensea.io/collection/rectangles-for-herbert-by-jeff-davis/activity
• StreetMachine sold out its 8k supply collection at a .03E public sale price. After some brief debunked FUD regarding metadata issues and stolen art passed by, floors rose as high as .28E and now sit in the .18E range. A nice cook for all involved. https://nftnerds.ai/collection/0xaaa7a35e442a77e37cde2f445b359aabf5ad0387/liveview