An NFT Weekly Recap: 3/14–3/20 by Metaverse HQ

Monday, 3/14

A relatively quiet day in the marketplace as volume tapered off and closed at $52 million, about a 30% decline from yesterdays closing number. Not a whole lot of action to carry us through either as mints and reveals were light, with a few existing projects showing some life here and there.

BAYC (88E, 1230E vol), Dour Darcels (1.18E, 1049E vol) and MURI (.52E, 1000E vol) were the only projects to eclipse 1000E in daily volume on Opensea. Loser Club (.5E, +50%) also has seen a nice run over the past few days, while Doodles have seen their floors climb back to 13E.

Some top floor gainers on the day included CloneX (13E, +8%), Dippies (.38E, +15%), Degen Toonz (.65E, +25%), CyberKongz (7.2E, +8%) and My Pet Hooligan (1.29E, +20%).

News

• Bob Igor, the former CEO of Disney, has officially stepped down and joined the Board of Directors at Genies. Genies offers a digital avatar and wearables marketplace and currently has partnership agreements in place with Universal and Warner Music Groups. https://twitter.com/genies/status/1503499524089602051?s=20&t=Q8KzO_Y4Hwv-oEpiDPe8iA
• CyberKongz have announced that their new game Play & Kollect is now live after a delay due to issues with the Polygon network. https://twitter.com/CyberKongz/status/1503414093482545153?s=20&t=Q8KzO_Y4Hwv-oEpiDPe8iA
• Chicken Derby announced that for a 24-hour window their Open Beta is available to all holders. https://twitter.com/bitlovincom/status/1503394177891061771?s=20&t=Q8KzO_Y4Hwv-oEpiDPe8iA

Notable Mints

• Snoop Dogg released a Death Row Vol.1 Mix today at a .1E mint cost. The 1k supply music NFT project is just under 30 minutes long and contains original music recorded by Snoop himself. The music is being hosted on sound.xyz and has seen floor prices steadily rise as high as .9E and currently sits in the .75E range on 327E traded with 720 holders. OS: https://opensea.io/collection/snooponsound | LR: https://looksrare.org/collections/0x37A03D4AF1D7046d1126987b20117A0FdCBF6535
• MURI continued with its Allowlist mint at a .15 cost, lower than yesterdays public Dutch Auction sellout price of .3E. Action on the marketplace remained steady as floors have cooperated, holding around the .55E range on 2.1k ETH traded with 6.7K holders. OS: https://opensea.io/collection/murixhaus | LR: https://looksrare.org/collections/0x4B61413D4392c806E6d0fF5Ee91E6073C21d6430

Wednesday, 3/16

A small pop in volume as we closed just under $80 million, which is the highest number we have seen since we went for $258 million back on March 2nd. Boosted volume was led by the announcement of $APE token which seemed to ignite activity in the marketplace as users looked to move things around to position themselves for the token drop.

BAYC (105E, 9742E vol), MAYC (24E, 7066E vol) and BAKC (8.19E, 3071E vol) all saw massive volume pour in throughout the day, as we would expect. Winners on the marketplace included MultiverseVM (.79E, +30%), mfers (3.08, +11%) and The Bibiz (.21E, +40%), while red encompassed much of everything else as people were dumping left and right to create for $APE liquidity.

News

• Once again BAYC dominated the headlines as the team announced that the highly anticipated $APE token will be launching on 3/17 with claiming for holders opening at 8:30 EST. Token allocations for holders were split between the ecosystem based on averages of recent price. Speculation surrounding the utility of the token was made clearer as it will function as a governance token for the upcoming ApeCoin DAO, provide the ecosystem with a unified spending utility and additional access to future games, collabs, events and services. https://twitter.com/apecoin/status/1504201556165644298?s=20&t=b3EI0CRbGVTFqsHMW9_6_w
• Mark Zuckerberg announced at SXSW that NFTs will be coming to Instagram soon. https://twitter.com/MarlowNYC/status/1503846090910613512?s=20&t=bYu1AAsmDFhWi4qa7yzTzg
• Coolman’s artist and founder CoolCoffeeDan is being sued by Digiart, who accuses him of breaching contract that nets them 50% of proceeds. Dan as denied the allegations and claims there was “no agreement of any kind.” https://twitter.com/BirdnalsNFT/status/1503866288371814406?s=20&t=b3EI0CRbGVTFqsHMW9_6_w
• The Red Village has delayed its Alpha launch due to bug with no ETA for return yet. https://twitter.com/TheRedVillage/status/1504211987013992450?s=20&t=b3EI0CRbGVTFqsHMW9_6_w
• Tom Sachs has disclosed details regarding the projects upcoming Mothership event https://twitter.com/tsrocketfactory/status/1503744994515070996?s=20&t=U3RzF857O9eO5DgCV1ZCEw
• Streaming Legend Dr. Disrespect confirmed that he will be launching Founders Pass NFTs for his upcoming game Midnight Society. While NFTs wont be required to play the game, they will be integrated into the games ecosystem, including PFP avatars. https://twitter.com/12am/status/1503798373136191494?s=20&t=fSBAGXe-11VzFCue6Fp9RA

Notable Mints

• 10KTF x Gucci sold out their Gucci Grail mint which allows holders to use the NFT on a grail collection to “Gucci-fy” their original NFT. Floors are currently holding at 1.25E on just 18E traded with 1.5k holders. OS: https://opensea.io/assets/10ktf-gucci-grail | LR: https://looksrare.org/collections/0x572E33FFa523865791aB1C26B42a86aC244Df784
• Martian Premier League sold out during its presale phase at a .088E mint price. The 10k supply collection saw a nice run on floor prices, seeing .3E sales, and is currently holding at .18E on 940E traded with 4.1k holders.

Thursday 3/17

Finally, some real life back in the marketplace as the $APE token had volume humming back at local highs, with a close of $132 million, which was the largest number we’ve seen since the end of February. Naturally, it was BAYC (90E, 14,000E vol), MAYC (17.5E, 6,500E vol) and BAKC (6.75E, 2200E vol) that reeled in gaudy volume numbers. As the day wore on, action began to seep back into some higher tier projects to begin some trickle-down gains as people take $APE profits.

Winners on the day include Azuki (12.45E, +27%), Doodles (13.1E, +12%), 3Landers (2.1E, +26%), RugGenesis (.51E, +51%) and SupDucks (1.29E, +29%), just to name a few.

News

• ApeCoin, the highly anticipated token launch from BAYC, went live this morning at 8:30 AM EST. The token rolled out across a variety of exchanges throughout the morning with early CEX prices touching as high as $10 before an intraday pull back into the $7–8 range. However, during the overnight hours the token caught fire once again and is currently hanging in the $15 range. BAYC prices pulled back into the low 80E range during the post-claim dump with MAYC testing 15E at its lows. $APE token claiming window will be open for 90 days. https://twitter.com/apecoin/status/1504435642067046413?s=20&t=_OsW5xRs36UMNg3fQRFHNQ
• Spotify is reportedly looking to enter the world of NFTs with a few job postings hinting at it. https://twitter.com/FinancialTimes/status/1504344302788481026?s=20&t=_OsW5xRs36UMNg3fQRFHNQ
• Gamestop announces that its NFT marketplace is scheduled to launch during Q2 of this year. https://twitter.com/Cointelegraph/status/1504639737344106503?s=20&t=_OsW5xRs36UMNg3fQRFHNQ
• Creature World announces The Travelling Creature, which is a “token designed to be passed between characters to create art!” https://twitter.com/creatureNFT/status/1504579997171953668?s=20&t=lyHl33GIYasLHQ7saYSwUw
• Floor sweeping site Genie.xyz teases v2.0 (ty @uartape) https://twitter.com/geniexyz/status/1504493578856419332?s=20&t=G2aH7Bbb12baIOxj9HXm7A
• Battlefly announced v2 Founder NFTs which will launch at a 2E mint price in an upcoming stealth drop. https://twitter.com/BattleFlyGame/status/1504638566827143170?s=20&t=VZRVyfqPIL8ygs2sQoAR7g

Notable Mints

• Zombie Club sold out its 6666 supply collection at a .666E mint price. The project has been a huge success as floors are currently holding around 3E on a whopping 4200E in volume with 3.9k holders. https://opensea.io/assets/zombieclub-token | LR: https://twitter.com/apecoin
• The Benji Bananas Pass sold out their 5000 supply in a heavily botted drop. The game, which is the first true utility to be used for the $APE token, will allow holders to earn in game currency that will be swappable for $APE. The membership pass is holding a .33E floor on 1k traded with 6.07 holders. OS: https://opensea.io/collection/benji-bananas-membership-pass

Friday, 3/19

Another strong volume day as we closed at $118 million, the 2nd day in a row we finished above $100 million which is the first time that’s happened in about a month. $APE profits have seemingly flowed back into the broader NFT marketplace as established projects continue to see the trickle down many of us were hoping for. Additionally, ETH prices continued to trend upwards as it looks to test $3000.

A late-night leak and news item from Yuga Labs also led to some Friday night action on a handful of projects as Cryptoadz (4.17E, +43%), Cool Cats (8.9E, +24%), Meebits (5.98E, +27%) and World of Women (10.77E, +20%) all saw immediate pumps after a leaked Yugaverse trailer included all projects. Naturally, BAYC (101E, +10%) and MAYC (22E, +24E) saw increased activity as well.

News

• As mentioned above, a leaked trailer showcasing the upcoming Yugaverse from Yuga Labs went viral. Yuga Labs has come out to verify the trailer and announced it with an official tweet of their own. Most surprisingly, projects from across the NFT space are well represented in the video which can be viewed here: https://twitter.com/yugalabs/status/1505014986556551172?s=20&t=LNA2ycoPFo6dpSZrXvjm6g
• Time Magazine’s recent cover features Ethereum creator Vitalik Buterin and includes a detailed account of his background and his outlook for ETH moving forward. https://twitter.com/TIME/status/1504760633342021645?s=20&t=LNA2ycoPFo6dpSZrXvjm6g
• World of Women announce a partnership with The Fabricant, a decentralized fashion house that supplies wardrobes to NFTs. A snap shot for all WoW holders will be taken on April 3rd. https://twitter.com/worldofwomennft/status/1504872964633858058?s=20&t=3QifFwnbtVeIIKYs7IYejA
• Zed Run released an update that includes upcoming token info, revised schedule and breeding improvements. https://twitter.com/zed_run/status/1504955870874341376?s=20&t=LNA2ycoPFo6dpSZrXvjm6g

Notable Mints

• CryptoCrafts opened their Allowlist mint at a .05E mint price. The Minecraft utility project saw floors touch as high as .15E and are currently holding the .1E range on 222E traded with 1.5k holders. OS: https://opensea.io/assets/cryptocraft-genesis | LR: https://looksrare.org/collections/0x3b5C947CF2858942cA471a68dDc5E048C3DBC973
• !Denzadol sold out its 1024 supply collection at a .069E mint cost. The 3D gen art project saw floors rise above .3E before settling into its current .16E range. The project has traded 105E in volume with 462 holders. OS: https://opensea.io/collection/denzadol | LR: https://looksrare.org/collections/0xbfEB7CeeFa666Aa3367618Ba418C5Ce165bb386C
• Freaks n Guillds opened the first of three phases of minting today. The on-chain gaming project has minted 5.5k of its 10k supply at a .05E mint price and is currently holding up at .065E on 50E traded with 981 holders. Activity will look to increase as the weekend rolls along. OS: https://opensea.io/assets/fng-on-chain | LR: https://looksrare.org/collections/0x380ea0C4fC26ADfF2172dcEE2F2DE0e8b0273EeC

Weekend Recap, 3/19–3/20

A steady but mostly unspectacular weekend in terms of volume as we saw Saturday close at $114 million and Sunday at $89 million, which ended breaking a three day run above $100 million. Additionally, we are now on a three day downtrend in the volume department as some of the $APE hype fizzled as the weekend went along. ETH continues to churn in the $2800 range.

The ‘Blue Chips’ held floor prices well as BAYC (100E), MAYC (21.5E), CloneX (14.4E), Azuki (12.3E), Doodles (12.8E), World of Women (12E) and Cool Cats (7.76E) have all held their post-$APE gains relatively well, even with a slight Sunday bleed.

Other projects that saw solid gains this weekend was Tasty Bones (.8E, +23%), Crypto Chicks (.71E, +84%), RebelBots (.4E, +46%), CryptoSkulls (1.45E, 49%) and Pudgy Penguins (1.2E, +26%).

News

• Anonymice dropped a lengthy thread today detailing Evolution, its next phase of on-chain breeding. They also mentioned upcoming on-chain events for Genesis and Baby mice alike. https://twitter.com/AnonymiceNFT/status/1505692610295316486?s=20&t=GNf1tE8BKnMojIJD35DPOg
• Topshot released their monthly updates and included information regarding scarcity, roadmap updates and upcoming rewards for packs. https://twitter.com/nbatopshot/status/1505261105379258375?s=20&t=GNf1tE8BKnMojIJD35DPOg
• Karafuru revealed details to its Karafuru Carnival which is set to take place from 3/25–4/3 in Jakarta, Indonesia. https://twitter.com/KarafuruNFT/status/1504832510148362244?s=20&t=KPmYsDNq-wolCKaEkjFfKQ
• MekaVerse holders are now able to claim their Mekabot companions. Claim window is open for two weeks. https://twitter.com/shabeereth/status/1505654171881541633?s=20&t=KPmYsDNq-wolCKaEkjFfKQ

Notable Mints/Reveals

• Muri followed through with a successful reveal on Sunday as floor prices ripped to 2E post-reveal before seeing a big pull back down to its current .9E range. The 10k supply project has seen 9.8k total volume traded with 6.6k holders. Top sale was 21E on Rank #3. OS: https://opensea.io/collection/murixhaus | LR: https://looksrare.org/collections/0x4B61413D4392c806E6d0fF5Ee91E6073C21d6430
• Martian Premiere League revealed on Sunday and saw solid volume throughout the day, with floors peaking as high as .3E before settling into its current .15E range. The project has seen over 2000E total traded with 4.1k holders. OS: https://opensea.io/collection/mpl-official | LR: https://looksrare.org/collections/0x139732c3f717071843f90977D93400393BdF9664
• JuiceBox Frens sold out their 6969 supply at a .024E mint cost. The no roadmap, no discord, just vibes project is currently holding a strong .11E floor on 343E traded with 2.4k holders. OS: https://opensea.io/assets/juiceboxfrens | LR: https://looksrare.org/collections/0x00758fB0C83a68b6cE4FcF1D2665600F3f0E4570
• Skulltoons sold out their 7777 supply at a .15 mint cost. The 3D art project has seen steady action out of the gate and is currently holding a .25E floor on 1.1k traded with 5.4k holders. Reveal is scheduled for Wednesday at 11:45 AM EST. OS: https://opensea.io/collection/skulltoonsbytheodoru | LR: https://looksrare.org/collections/0x2b841d4b7ca08D45Cc3DE814de08850dC3008c43
• PaperHands opened its Allowlist mint with the window being open for 24 hours. The project has seen over 2.2k NFTs minted while holding a .069E floor on 61E traded. Public mint takes place tomorrow at 4PM EST. OS: https://opensea.io/assets/paperhandsgame | LR: https://looksrare.org/collections/0x863846e7ed0D21824104b425672Af7b9C6097F8f
• Snoop Dogg stealth dropped a couple more tracks Saturday night, with all of them only purchasable with the $APE token. The four songs were sold separately and ranged in price from 15–20 $APE. The songs have held up very well, ranging in price from .16E — .3E on 73.5E traded with 958 holders. OS: https://opensea.io/assets/snoopdoggapetracks