An NFT Weekly Recap: 11/14–11/20 by Metaverse HQ

Poopaloop
Metaverse HQ
Published in
8 min readNov 21, 2022

Monday 11/14

A slew of headlines came across the news desk today as Yuga and Beeple align, Nike presses forward with its digital wearables vision and Sony hints at a run into NFTs and Web3. 10KTF saw a nice surge after its parent company WENEW was acquired by Yuga Labs, with floors jumping over 90%, making it the only notable project on the day to see substantial floor gains. Opensea closed the day at its highest number in three days at $7.4 million, while ETH reclaimed its postiion above $1200.

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Tuesday 11/15

Tuesday was a rather quiet day in the markets as news and exciting mints were both few and far between. Notably, Yuga Labs announced a new initiative to jumpstart awareness for NFTs and SuperRare’s coveted Genesis Pass auction began. Fallout from broader global issues caused a slight pullback in crypto prices although market action saw a slight bounce on the day fuelled by Yuga assets like MAYC (1200E vol.) and Otherdeeds (700E vol.). Opensea daily volume came in around $8 million while ETH closed the day in its range at $1440.

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Wednesday 11/16

Another day of strong headlines coupled with pockets of green across the marketplace helped to keep things interesting today. Otherdeeds saw nearly 800E in volume as floors were swept back above 1E after briefly slipping below. Art Gobblers also saw a solid 45% jump in floor price. Helix Founders Passes also had a strong day with floors back above .53E and Wolf Game popped over 70% with floors now at 1.2E after a tease of its full game launch coming in December. Opensea volume closed in the $7 million range once again while ETH settled just below $1200.

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Notable Mints:

  • FreeNFT.XYZ, a free mint, aims to create a marketplace for free mints — and sold out its Launch Ticket drop earlier today. Floors touched as high as .035E and have settled back in the .017E range on 41E in volume.
  • Art Blocks Curated: ORI by James Merrill sold out at a Dutch Auction price of 1.25E and saw strong action with floors shooting above 2.25E before settling into its current 1.86E range. A big shout out to @Silvaserger for his big 5E sale on Rank 7. Sometimes blind squirrels do find nuts.
  • The SuperRare Genesis pass sold out at a Dutch Auction price of 17.25E. The pass will give access to 24 top artists including XCOPY. Current floor sits just under 24E. https://twitter.com/SuperRare/status/1593047737540677634?s=20&t=VvmanWFeyV5UWOMcDQ6lyQ

Thursday 11/17

A couple of mints kept things moving along today as 1984 and GODA were two of the notable successes. We also saw a big BAYC sale on Trippy Fur Ape #8633 for 613E ($738,000) which was encouraging considering recent market conditions. Pudgy Penguins saw a little +15% pop on the floor while Invisible Friends made a +12% move upwards as well.

A look across the marketplace landscape saw Opensea check in with over 6800E in transactions, with Blur closing the day at over 2700E. X2Y2 (626E) and LooksRare (611E) checked in significantly behind. ETH continued to maintain just around the $1200 range.

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Notable Mints:

Weekend Recap 11/18–11/20

It was a quiet weekend in the marketplace albeit with pockets of secondary activity throughout. OtherDeeds have continued to see positive floor movement and are currently holding above 1.2E. KPR has regained as floor shave surged back above .25E, while CloneX continues to see floors hold above 8E.

A look across all marketplaces saw two day totals close for Opensea at 8600E with Blur checking in just above 3500E. LooksRare saw over 1400E in transactions while, X2Y2 closed just under 900E.

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