NFT Market Update — Week Ending November 26th, 2021
State of the Market, NFT Photography Boom, Royal $55m Seed Funding, Avastar Replicant Factory Launch, Adidas Enters Sandbox, and more!
Curated by the $WHALE Market Strategy team: Ekaitza, Frank, and Song 📊
To get the full report and discuss market activity with the team, Join $WHALE
📈State of the Market📉
Market activity for the past 7 days:
All the major measures dropped in the last 7 days, but there’s no need to panic. Happy Thanksgiving! Main reason could be that this week is Thanksgiving week in the US — Projects and People are taking some time off from the NFT space. We will have a better understanding of the market condition when next week everything goes back to normal.
- $WHALE Market Strategy Team
⚖ NFT Fear and Greed Index ⚖
The NFT Fear and Greed Index (NFGI) was at 65.62 on Monday (November 22nd 2021), up from last Thursday’s (18th November) index of 52.76.
**Data was only available up to Monday 22nd November. Stay tuned for next week’s update — join $WHALE discord to see it first!
Readings for the NFGI are as follows: 0–20 = Extreme Fear, 20–40 = Fear, 40–60 = Neutral, 60–80 = Greed, 80–100 = Extreme Greed.
Top 3 Sales
- Bored Ape #544 for 675 ETH ($2.81m)
- Decentraland Estate #4339 for 618k MANA ($2.41m)
- Bored Ape #7698 for 225 ETH ($948k)
Recent Events
📷 WhaleShark Sets off NFT Photography Hype Train 📷
WhaleShark acquired the first purposeful photography NFT for the $WHALE Vault last night…then promptly acquired 25+ more and counting! I’ve lost track.
NFT Twitter is now buzzing about photography, jump in the $WHALE discord to continue the conversation with collectors and photographers.
👩🚀 Avastar Replicant Factory 👨🚀
Avastar launches the Replicant Factory! You can combine 2–5 Avastar Primes and select your combination of 12 traits to generate a Replicant.
Check out the replicant creation manual above to get started. Each Replicant requires at least 2 Avastar Primes and 1 $ART token. You are entitled to 1 $ART token for every Avastar Prime that you own, assuming the token hasn’t been claimed by someone else before you acquired it.
🎶 Royal Raises $55m in Seed Funding 🎶
Music is continuing to heat up in the NFT and blockchain world. Now with a16z leading a $55m seed funding round for Royal.
Royal is a platform allowing musicians to sell ownership of their music to fans who can share in the success via royalty sharing. Royal already has 120,000 artists signed up to their platform since the end of August!
⛱ Adidas Enters Sandbox and Atari Sells Land ⛱
In metaverse news, Adidas has announced their entrance into The Sandbox:
With more brands realizing the potential that a decentralized metaverse has, it was a great move by the sports brand to come on board. There is so much potential for a sports brand particularly regarding digital wearables and goods or to provide a shopping experience to visitors to the metaverse.
Notably, the next day, Atari announced they have sold some of their Sandbox land for a reported $4.3m.
Upcoming Drops
🎭 Hackatao Queens+Kings PFP Drop: December 🎭
The highly anticipated drop from Hackatao is getting closer! No specific date yet, but more information about the whitelist will be released in the coming days. Stay connected on the $WHALE and Hackatao discord servers for announcements.
Hmm, powered by AMD… 🤔
🐧 Gavin Shapiro Penguin Squads: Mid-December 🐧
Gavin Shapiro is aiming to drop his 3,125 Penguin Squads mid-December for a mint price of 0.05 ETH. Worth noting that they are designed to fit your Twitter banner rather than avatar — less competition!
This is my take on a generative art series. I wanted to capture the spirit of an Art Blocks drop while doing something animated and fully 3D rendered. This is first and foremost an art release, and there is no roadmap! Just majestic, endlessly marching penguins — Shapiro
🐳 The Tao of WhaleShark 🦈
“In the Art of Investment, sometimes to do Nothing is Everything”
🐋 Join $WHALE 🐋
Access the full report and discussion in our #market-strategy discord channel. Exclusively for $WHALE H2P role holders.
How to get started:
- Join the $WHALE discord
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