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NFT Sales Hit +$2.5B!

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NFT Sales Hit +$2.5B!

A Zombie Punk fetches +520 ETH, Sushi's Shoyu is coming, & more!

William M. Peaster
Jul 9, 2021
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NFT Sales Hit +$2.5B!

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Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation,

NFT sales volume recently crossed $2.5 billion year-to-date, which is incredible.

Indeed, I noted on Twitter earlier this week that as of Nov. 2020 my prediction for NFT sales by year’s end in 2021 was $500 million.

The takeaway? Lately things have moved faster around NFTs than almost anyone, even the biggest bulls, could have predicted.

NFTs have captured peoples’ imaginations, simply put. So it’s too late to turn back now, as NFTs have now firmly entered the cultural zeitgeist of our times. And the proof’s in the pudding for the folks willing to try them!

-WMP


🙏 Sponsor: Upshot—get paid to appraise NFTs. Start now!


🏆 Digital Collectibles

  • The Institute of Contemporary Art Miami (ICA Miami) received CryptoPunk #5293 as a donation from one of its trustees. The institution becomes the 1st major museum collection to possess a Punk!

  • CryptoPunk #6297, a rare Zombie Punk, sold for 520.69 ETH this week.

Twitter avatar for @cryptopunksbot
CryptoPunks Bot @cryptopunksbot
Punk 6297 bought for 520.69 ETH ($1,165,882.24 USD) by 0xa15a5f from 0xf3cad4. larvalabs.com/cryptopunks/de… #cryptopunks #ethereum
Image
10:51 PM ∙ Jul 5, 2021
733Likes115Retweets
  • MoonCatRescue creators Ponderware launched the MoonCat Boutique, an accessories shop for Mooncats. 

  • In a little over a week since launching, the Cool Cats project has facilitated ~2,500 ETH of trade volume. Even legendary boxer Mike Tyson decided to join in on the trading frenzy!

Twitter avatar for @MikeTyson
Mike Tyson @MikeTyson
Image
5:25 PM ∙ Jul 9, 2021
2,618Likes515Retweets

🎨 Cryptoart

  • Cryptoart platform SuperRare launched its Un-realism exhibition this week.

Twitter avatar for @SuperRare
SuperRare 💎 @SuperRare
SuperRare Exhibition #Unrealism opens now in @spatialxr 📍 Location: app.spatial.io/rooms/60ad090d… 📰 Read more: superrare.com/features 👇 A thread of artists talking about their work:
Image
4:08 PM ∙ Jul 7, 2021
53Likes15Retweets
  • In October, Ethereum generative art platform Art Blocks is launching its official gallery in Marfa, Texas 🎉

  • Artist Micah Johnson is auctioning “Hi My Name is…” — the 1st decentralized movie NFT franchise — via Async Art and Christie’s. 

🕹️ NFT Games

  • NFT game Axie Infinity facilitated over $22 million worth of trading volume on Wednesday, July 7th, leading to +$1M in revenues on the day. At this rate, Axie Infinity may soon be more profitable than all other games.

Twitter avatar for @PhABCD
Philippe Castonguay @PhABCD
With $22m daily volume, @AxieInfinity made more than $1 million in *revenue* yesterday. Annualized, this competes with some of the biggest AAA games out there like Dota, Fortnite, etc. At this rate, it could soon become the game with the most revenue in the world.
Image
1:52 PM ∙ Jul 8, 2021
458Likes111Retweets
  • Global fantasy ⚽ game Sorare introduced its Dynamic Rewards 2.0 system.

🌐 Virtual Worlds

  • Cryptovoxels is experimenting with tiny parcels in its new Satoshi district. The idea? To see “what an island of extreme density looks like.”

  • A Sushi community member has proposed building a Sushi Store complex in Decentraland’s Metajuku Shopping District. 

  • Check out the new test site Parcel, which aggregates info about parcel listings across projects like Cryptovoxels, Decentraland, and The Sandbox. 

🛒 NFT News & Platforms

  • As of this week, over 140,000 Ethereum addresses have traded on NFT marketplace OpenSea at least once. 

  • Speaking of OpenSea, nftommo.eth built a beta site that tracks floor prices across the popular NFT marketplace. 

Twitter avatar for @NfTommo
nftommo.eth @NfTommo
Excited to share this BETA site I've been working on. Very simple right now, but provides constant OpenSea floor updates for some of the most popular projects. opensea-floors.herokuapp.com
Image
1:57 AM ∙ Jul 6, 2021
113Likes21Retweets
  • Talented dev vasa unveiled Genie Swap, a production-ready update of his cross-asset-swap NFT trading system. 

💎 DeFi x NFTs

  • The smart contracts for Sushi’s coming Shoyu NFT platform are completed. Next up comes finishing up work on the project’s front-end and storage systems. The v0 release is tentatively slated for Aug. 2021.

  • As a result of “large demand,” NFT liquidity protocol NFT20 activated $MUSE rewards for the project’s new Cool Cats liquidity pool.


Action steps

  • 📰 Read “How to get exposure to CryptoPunks” by Bankless

  • 📰 Read “How to use rarity.tools” by Metaversal

  • 📰 Read “Inside ‘The New Octahedron’” by Metaversal


Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge.


🙏Thanks to our sponsor

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Upshot is a protocol that pays NFT experts and collectors for honest insights - unlocking opportunities for a new generation of appraisers to capture value from their expertise and enabling a wave of powerful new DeFi primitives.

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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NFT Sales Hit +$2.5B!

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1 Comment
DabDragon
Writes DabDragon’s Newsletter
Jul 9, 2021

We need to get some Dabdragon Original artwork selling too

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