NFT Weekly Recap (4/4 Jan)
gmgm!
Happy Chinese New Year to everyone who celebrates!
In this week’s NFT Weekly Recap, attention is gathered around the BAYC ecosystem still as sewer passes really got people excited and addicted to the game. There are tons of updates and excitement to share with y’all on this week’s NFT Market Recap.
We hope you enjoy :)
Fracton Team
Overview
Market Cap: $22.74B
Weekly Change: -0.79%
Volume: $167.87M
Weekly Change: -5.4%
Major Headlines
Doodles 2 choose the FLOW blockchain to launch.
Doodles acquired award-winning animation studio Golden Wolf.
Kevin Rose, the founder of Moonbirds was phished for $2M+ in NFTs
Pudgy Penguins announced the release of "The Pudgy soulTransport," a decentralized solution for the distribution of soulbound tokens for Pudgy Penguins subcommunities.
Blue Cat Travels to New Dimension: Cool Cats' infamous Blue Cat and his partner Lil Chugs are apparently traveling to a new dimension, as seen in a newly-released teaser from the project.
Adidas launches /// studio, its web3 division.
Nike announced it is launching .SWOOSH Studio and hosting a contest that will allow .SWOOSH members the opportunity to win prizes and have art featured in the upcoming .SWOOSH Collection.
🖥 HiNFTs Monitor
🔥Winners:
Otherdeed: +21.5%
3 Digits ENS: +17.6%
Fidenza: +7.4%
🥶Losers:
Chromie Squiggle: -26% *Due to hackers’ dump from Kevin Rose’s hack*
Valhalla: -9.3%
BAYC: -9.3%
🧨 Projects in Spotlight
Let’s talk more about Doodles 2!
Major News on Doodles was announced this week:
Doodles 2 will be hosted on the FLOW blockchain, the gas fee is nearly free.
Doodles 2 will be customizable using different attributes like body, hair style, emotion, etc.
On January 31, Doodles will launch "the first step in the Doodles 2 experience" by activating Dooplicators
Each set of wearables will unlock a "Doodles 2 Beta Pass" for future use. This pass will be needed to participate in the "Create Your Own Doodle" tool's beta launch.
💡The Yuga Labs’ Flywheel:
Players are spending millions in APE coins to dash through sewers in Yuga Lab's latest game:
Last month, Yuga Labs introduced "The Trial of Jimmy the Monkey" story arc and on January 19th, holders of Bored Ape and Mutant Ape NFTs were able to mint a Sewer Pass and play the runner game Dookey Dash set in a sewer, which will ultimately determine the rarity of its new NFT launch,
This is a new type of launch that we have not seen before, taking engagements to the next level. You can even buy booster packs (titled "Powershart Packs") using APE coin. For 2 APE (~$11 today), you get a bonus 15% to your score, have a higher chance for rare items to appear, and have a faster cooldown for dashing.
Over the past three days, players have spent over 70,000 APE, equivalent to $3.5 million, to purchase booster packs. As a result, the value of APE has risen by more than 20% since the game was launched.
We are a big fun of this kind of innovation in the NFT x gaming space, proving that there are real use cases behind tokens.
What do you think? leave a comment!
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