NFT Weekly Recap (2/4 Jan)
gmgm!
In this week's NFT weekly recap, we see the floor price of our top NFTs declined, but hey! the price of ETH in mooning!
Additionally, Azuki and the Yuga Lab ecosystems had some cool updates revealed for us, while DigiDaigaku announced an opt-in innovative programmable royalty features, which we think could be potential game changers.
We hope you enjoy this week’s NFT recap.
Fracton Team
Overview
Market Cap: $22.3B
Weekly Change: +2.9%
Volume: $206B
Weekly Change: +11.79%
Major Headlines
Azuki celebrated 1-year anniversary, and the team announced a new metaverse city called Hilumia. (source)
Yuga Labs NFT assets are in the spotlights again, Jimmy The Monkey Trial Ecosystem’s mint details will be announced, outlining how next week's multi-week interactive mint will work. (source)
DigiDaigakus's highly anticipated programmable royalties was announced, though that has come with mixed reviews.(source)
🖥 HiNFTs Monitor
🔥Winners:
3 digit ENS: +5.7%
Doodles: +1.3%
Azuki 0.5%
🥶Losers:
MAYC: -18.5%
Coolcats: -16.7%
Otherdeed: -13.9%
🧨 Projects in Spotlight
Azuki ($hiAZUKI): Explore Hilumia!
On its birthday, Azuki officially released Hilumia, which had been speculated by many. Hilumia is similar to Azuki's initial Mindmap, providing a unique way to involve the community and give them a glimpse of future developments while building on the success of past projects.
Why it Matters?
It can be seen as an interactive version of the Azuki Mindmap.
Waiting to discovered, there could be hidden alpha under Hilumia.
Holders of Azuki or community members can now experience the growth and expansion of the Azuki brand.
BAYC($hiBAYC), MAYC($hiMAYC):
The Trial of Jimmy the Monkey Continues!
The story goes like this:
Jimmy the monkey took a shit which resulted in ripping a hole to another parallel universe.
A key was obtained from the toilet, as well as a mysterious and important box.
Jimmy accidently swallowed the key, and now stuck in his butthole. And.. the trial begins!
To get the key that unlocks the mysterious box, players must go through the BAYC sewers via an interactive game called "Dookey Dash".
Here is next weeks plan:
January 17: BAYC and MAYC holders can claim a free Sewer Pass
January 18: Dookey Dash(the game) begins!
💡How DigiDaigaku is changing the royalty Game, and (potentially) change how we see NFTs:
DigiDaigaku is introducing its own royalty solution: opt-in, backward-compatible, programmable royalties contracts that work on any ERC-721 contract through staking:
Potential usecases:
Reveal: The solution allows a user to mint a vanilla NFT that remains hidden until staked. The reveal of the NFT can be further controlled by implementing a time-lock or requiring a paid unstake for additional reveals, referred as re-rolled reveals.
Rental: Staking NFT enables users to rent usage rights from the token owners. This allows token owners to monetize their NFTs by renting out access or usage rights to others while still retaining ownership of the NFT
Guaranteed Minimum Floor Prices: Possible to sets minimum price for the token and makes pricing boundaries enforceable.
In-Game Utility: Limit Break’s Adventure ERC721 system can be added to the staked token to support questing and other Web3 game features.
Equitable Royalty Systems: Trustless smart contracts that allow former holders to claim a percentage of future royalties.
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