NFT Journal: Chapter 36

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

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More Countries Embrace NFTs 🇦🇪

Over the past year, the number of countries interested in NFTs has increased significantly. Last week, we discussed how the United States plans to regulate NFT to boost its economy. This week, we cover two countries that have increased their NFT initiatives.

Firstly, the British government declares its intention to use Royal Mint to create NFT in a bid to become the world’s leading digital economy. It also intends to implement flexible regulatory measures to manage this rapidly growing industry.

Secondly, the Department of Culture and Tourism in Abu Dhabi has sponsored a two-day NFT workshop in which 220 personnel worked together to build NFT. This is the UAE’s first attempt at developing NFTs demonstrating Abu Dhabi’s innovative culture.

The Rarer It Is, The More Exclusive It Gets 🏎️

On April 19, 2022, RM Sotheby’s will auction Lamborghini’s final Aventador as an NFT. Lamborghini, Steve Aoki, Krista Kim, and Invent Group, a branding agency, are contributing their expertise to create a unique NFT and thrilling experience for the highest bidder. In addition to the car and NFT, the winner will also receive VIP access to exclusive events, a special tour of the Museo Lamborghini, and a virtual meet & greet with Steve Aoki and Krista Kim.

Likewise, Club dVIN, a decentralized wine club, is preparing to launch a membership NFT collection that will grant holders a slew of exclusive perks like access to a premium wine community, wine tasting events with the finest winemakers, and exclusive NFT drops by expert winemakers.

Market Roundup 🚀

Last week, a CryptoPunk sold for $1.57 million, making it the most expensive NFT. With a sales price of $1.06 million, Coffin Dance (Dancing Pallbearers) came in second. Shibuya Land Sale and Bored Ape Yacht Club ranked third and fourth, respectively, with sales of $815.6k and $702.68k. CloneX #1427 is at the bottom of the list, with a sales price of $697.34.

With a sales volume of $762.26 million, Opensea has once again overtaken LooksRare to become the top NFT marketplace. With $619.09 million, LooksRare came in second. CryptoPunks and Mobox emerge in third and fourth place, with revenues of $13.06 million and $12.96 million, respectively. BloctoBay is last on the list, with a sales volume of $10.35 million.

CloneX occupies the top spot on the top five NFT collection lists. Azuki came in second with $43.3million in sales volume. Mutant Ape Yacht Club and Beanz ranked third and fourth with $3.4million and $3.2million. The last on the list, Bored Ape Yacht Club, gained $3.1million in sales.

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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