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NFT Journal: Chapter Twenty One

It is with great delight that we welcome you to the NFT Journal’s twenty first edition.

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The Rise of NFT Museums 🖼️

Recently, Delta Reality launched a Metaverse museum called The Museum of Digital Life for NFT collectors and enthusiasts to purchase NFTs. Its success has encouraged many traditional museums to explore incorporating NFT collections into their exotic lineup. However, leading art writers believe this integration will take time to come to fruition for several reasons.

As the Seattle NFT Museum prepares to launch in January 2021, the NFT gains momentum. The museum is the first of its kind, and its purpose is to make NFT more accessible to collectors and enthusiasts and promote artists’ digital works.

In addition, The British Museum and La Collection, an NFT platform, have partnered to make traditional arts more accessible by creating NFTs of existing artworks. They intend to auction approximately 200 NFT artworks by Katsushika Hokusai, a legendary Japanese artist.

Finally, BOTS, Inc collaborates with China’s first NFT museum to exhibit digital art pieces from artists worldwide. The Digital Art NFT Museum exhibition, which will launch on May 18, 2022, will leverage BOTS, Inc’s technical expertise.

Odd and Shocking 😱

Courtesy of Page Six

Last year, a social media influencer released a viral video of herself licking an airline toilet seat. Last week, she announced she hopes to sell the viral video as NFT for $42,000. The sales proceeds will be reportedly used to assist persons who have been afflicted with the coronavirus.

In another bizarre news, Narine Arakenia, an Armenian artist, is selling one of her reproductive eggs as a non-fungible token. This NFT will be sold through her painting “Love, Hope, Live,” which includes an attached contract stating that she will give her egg to the buyer. Shockingly, she desires that a couple buy the NFT and have a child with her fertile egg.

Market Round-Up 🚀

Images sourced from Dapp Radar

Axie Infinity tops the top 5 NFT collection ranking list with $95.15million in sales volume, followed by CryptoPunks with $50.97million. Then comes Bored Ape Yacht Club and Ape Kids Club that gained $33.9million and $24.16million, respectively. Lastly, we have Sandbox with $23.62million.

As usual, Opensea occupies the top spot on the top 5 marketplace ranking list with $466.94 million, followed by Axie Infinity and CryptoPunks with $95.14 million and $50.97 million, respectively. Solana’s Magic Eden and SuperRare.co came in fourth and fifth, with $23.12 million and $20.32 million in sales volume, respectively.

Crytopunk #4156 is the most expensive NFT of the past week with the price of $10.35million, followed by Right-click and Save as guy sold for $7.09million, the third and fourth on the top 5 sales list are Ross Ulbricht Genesis collection, Some Other Asshole sold for $6.28million and $2.28million respectively. The last on the list is Decay, which sold for $1.45million.

Courtesy of PR Newswire

Other notable mentions are Pepsi’s viral Pepsi Mic Drop NFT announcement and Ubisoft’s launch of Ubisoft Quartz, a platform that will allow users to earn NFTs known as Digits while playing the Triple A-game.

On the investment front, Nitro League, a play-to-earn game, announced it’d raised $5 million in funding to incorporate Metaverse into its platform. Also, Palm NFT Studio has secured $27 million from a group of investors led by Microsoft to expand its NFT marketplace ecosystem of tools. Mnemonic, an API and cross-chain aggregation platform, also secured $4million in funds from investors. Finally, Holaplex raised a $6 million funding round led by CoinFund to empower and promote the NFT community of independent creators.

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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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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.

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