NFT Journal: Chapter 33

It is with great delight that we welcome you to the NFT Journal’s thirty-third edition.

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Check These New NFT Services 🎨

NFT collectors are always looking for new platforms that make trading NFTs easier while providing the best customer service and perks. As a result, we’ve compiled a list of recently launched NFT platforms that will meet your needs.

Sanopass, a Romanian health-tech platform, has created a Web3.0 platform and Metaverse that offers medical services to Romanians and neighboring states. It also launched Sanocubs, a collection of NFTs that serve as a subscription card for its healthcare services and provide perks to its holders.

Similarly, Spotify intends to expand its services to the NFT industry to help artists and creators generate more income directly from their audience.

Lastly, the popular NFT collection creator, Bored Ape Yacht Club, launched Apecoins. It is a new token used to trade Bored Ape Yacht Club NFTs and other games in the NFT ecosystem.

The Good and Not So Good 📈

The South China Morning Post, a Hong Kong tabloid, sold out NFTs worth $127,000 within two hours of launching them. The NFT collection also included some of the printed front pages of 1997 in the NFT. These historical artifacts were separated into 1,309 boxes, with over 1000 of them being auctioned off.

On the contrary, a man listed his EtherRock NFT for 444Wei, the lowest denomination of Ether token, instead of 444ETH, the proper value of the NFT, which is worth $1 million. The seller came on Twitter to mourn his fortune loss and warned others always to double-check listing details before putting it up for sale to avoid loss.

Market Roundup 🚀

The top five most expensive NFT collectibles sold last week were from the Bored Ape Yacht Club, with the highest selling for $599.89k and the lowest for $512.14k.

With a sales volume of $216.22 million, Terraforms by Mathcastle NFT collection maintains the top 5 NFT collections. Meebits came in second with $100.96 million. With $55.87 million and $36.29 million in revenue, Invisible Friends and 3Landers are third and fourth. With a sales volume of $33.88 million, Bored Ape Yacht Club is at the bottom of the list.

The OG, Opensea, maintains its position as the top NFT marketplace, generating $553.6 million in sales volume. LooksRare came in second with $389.2 million. CryptoPunk and BloctoBay are third and fourth, with $31.7 million and $17.42 million. With $7.73 million in revenue, Axie Infinity is last on the list.

On the investment front, Insight Partners, B Capital Group, and Cristiano Ronaldo spearheaded a $100 million funding round for FanCraze, a digital platform that powers cricket-based NFT trades.

Similarly, NFT Brands secured $3.6 million in funding to debut its brand and celebrity-centric NFT platform.

About NFTY Labs

NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.

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