NFT Review 16: Life-Changing NFTs
NFT Review 16: Life-Changing NFTs
12 year old sells NFTs for $400,000, CryptoPunks headed to Hollywood, BAYC raises $96million from mutant apes, and more
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
For a more general overview of the Web3 ecosystem, consider subscribing to Dot Leap.
Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
A 12-year-old boy from London reportedly earned nearly $400,000 by selling a series of NFTs during the school holidays. Think about that for a moment.
If a preteen can do this, then anyone can do it. This is the true power of NFTs, why we are incredibly excited by them. They offer unbounded freedom to the artist, freedom unlike any that has been seen before in human history.
This is beyond the jaw-slacking sales worth millions of dollars. It is a talented artist living in the slums, selling a collection of 20 artworks as NFTs for $200 each ($4,000 total). This is life-changing for him, more than we can ever imagine.
The great challenge now is getting as many artists to understand that they stand a far greater chance at success by bringing their artworks on-chain. If you have a friend who is a talented artist and isn’t into NFTs, help them make the leap that could change their lives forever.
To make it easier for you, Singular, the Kusama-native NFT marketplace with low gas fees, is offering your talented friend a sponsored trial of NFTs (via Singular) worth 500 FREE MINTS.
NFT technology is a revolutionary tool, let’s all spread it to those who need it most.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
DotLeap, the DotSama-focused weekly newsletter, listed job ad spaces and sponsorship slots as NFTs on the Singular NFT marketplace. Buying the NFTs will give you rights to a marketing service.
Unique Network paid out 50% of their NFT marketplace revenue as rewards to accounts holding at least one Substrapunk and one Chelobrick.
Bit.Country introduced their Kusama parachain candidate.
You can now view all NFTs minted on Statemine in the Singular marketplace.
Unique Network unveiled winners for #DigitalArt4Climate designathon.
Unique also unveiled Quartz, their Kusama parachain candidate.
Trading is now live on Kanaria. Bird holders can now list, buy, and sell their birds and items on-chain. Read more about this update here.
🗞 NFT News from Ethereum and Beyond
Zombie CryptoPunk #2066 sold for 1890 ETH (~ $6,975,260) via Fractional.
Crypto exchange OKEx launched its own DeFi hub and NFT marketplace.
Bored Ape Yacht Club raised $96 million in a public sale of 10,000 Mutant Apes in a single hour on Saturday night, and airdropped a further 10,000 vials of mutant serum that let existing holders of the Ethereum-based NFT mint new apes for free.
Sotheby’s is auctioning a lot of 107 Bored Ape Yacht Club NFTs. The current top bid is $19 million. A separate auction of 101 Bored Ape Kennel Club NFTs has a top bid of $550,000 as of publication.
BAYC donated $850,000 to an orangutan charity.
Zora launched APES.HOUSE, a permissionless auction house system for BAYC.
Yearn Finance issued a grant to Atlantis World to help the project continue to build out its 2D pixelated virtual world.
Decentral Games has announced it’s working on ICE Poker, a free-to-play, play-to-earn poker game in which users earn ICE tokens simply by participating.
Larva Labs signed with Universal Talent Agency, paving the way for CryptoPunks and Meebits to appear in movies, games, and beyond.
Cryptovoxels is working on “instant, in-world shopping” of wearables.
Luxury Italian fashion house Dolce & Gabbana entered the NFT sector with a nine-piece collection of tokenized fashion pieces in collaboration with the Polygon-based UNXD marketplace.
Japanese e-commerce giant Rakuten is set to launch an NFT marketplace in the spring of 2022.
Prolific pseudonymous NFT collector Vincent Van Dough is teaming up with Three Arrows Capital to launch an NFT fund, Starry Night Capital.
NFT marketplace OpenSea facilitated +$3B worth of trading volume in Aug. 2021.
Check out Coinbase’s new write-up “Axie Infinity, Yield Guild Games & the play-to-earn economy.”
Following the launch of FTX’s new NFT marketplace, the platform was spammed with so many pictures of fish that it temporarily changed its NFT submission fee to $500.
1inch Network sponsors crypto-themed animated NFT series, Take My Muffin. The series follows the exploits of a team of creatures attempting to get startup projects off the ground and will feature 1inch as a plot point in the first season.
After a successful fractionalization into DOG tokens, the total implied value of the original Doge meme NFT has gone through the roof, hitting $220 million.
Meet Floor Perpetuals, a new derivative that tracks the floor price of a given NFT collection.
Cool Cats has companions and an ERC-20 utility token, $MILK, in the works.
Blockchain streaming platform Audius announced the launch of its full Solana NFT integration, allowing its more than six million users to begin featuring digital collectibles from the Solana library.
ICPunks has announced the release of 10,000 NFTs on the Internet Computer. Users are eligible to claim their free token Wednesday at 8 pm UTC.
Mass media holding company iHeartMedia is planning to distribute free NFTs in partnership with sustainable NFT platform OneOf — a campaign that could introduce more music lovers to digital collectibles.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!