NFT Review 34 - Blood on the Charts...but
The big 3 want to show NFTs, OpenSea buys a protocol, AMC gives out NFTs, 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.
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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
The already bloody markets got bloodier with another steep drop. But guess what? This market crash has had 0 impact on what’s happening in the NFT space. Rather, OpenSea has seen its monthly trade volume in ETH exceed $3.5 billion for the first time ever. But not just that.
Twitter announced that it would be rolling out iOS support for NFT avatars. Then reports surfaced that Meta (formerly Facebook) is integrating a feature that will let users show off their NFTs on their Facebook and Instagram profiles. According to the report, Meta is currently working on prototypes that will allow users to mint collectible tokens.
Think about that for a moment.
In a bad week for token prices, the adoption and innovation in the NFT space have kept going up. This is how you know a technology that has come to stay. Shoutout to all the builders that have made this possible.
Thank you for reading and have a great week.
— NFT Review
PS. If you’re feeling low because of the market downturn, remember that you haven’t lost anything just because the market is down. You only lose when you make the trade. This is not investment advice 🦧.
👨🏼🎨 RMRK Artist Spotlight: Kate and Her Chaos Giraffes
On this episode of RAS, we chatted with Kate, the creator of the Chaos Giraffes collection. Kate is one of Singular's success stories. The 22-year-old artist, who resides in Russia, made her first foray into NFTs and has made over 200 KSM from her collection. We found this inspiring because at RMRK (and Singular specifically) our goal is to help creators gain their artistic and economic freedom without having to rely on any institution to say yes to their dreams.
We spoke about her journey into NFTs, her creative process (which involves an unlikely collaborator), her plans for the future, and more.
📬 NFT News from Kusama & Polkadot
The RMRK token has begun migrating to other chains (Moonriver, Karura, and Bifrost currently).
All token holders are encouraged to migrate their tokens out of Statemine as all RMRK on Statemine will be ‘destroyed’ at the end of September 2022.
Composable Finance announced a partnership with RMRK.
Bit Country announced a new Head of Community and Support.
🗞 NFT News from Ethereum and Beyond
A bug in the front end of OpenSea has reportedly led to an exploit allowing users to buy popular NFTs at their previous listing price.
Solana-based augmented reality (AR) and NFT platform Dropp GG is developing geographical-based NFT minting and “mixed reality events” tied to the metaverse.
Twitter announced that it would be rolling out iOS support for NFT avatars. As of now, only paid subscribers of Twitter Blue using iOS, which costs $2.99 per month, can access the feature.
Meta is reportedly integrating a feature that will let users show off their NFTs on their Facebook and Instagram profiles. According to the report, Meta is currently working on prototypes that will allow users to mint collectible tokens.
AMC Theatres has given away free NFTs to its Investor Connect shareholders.
Guy Oseary has added another NFT project to his portfolio by agreeing to represent "World of Women," a popular female empowerment NFT collection.
Defending Australian Open tennis champ Naomi Osaka is launching a new NFT collection designed by her sister, Mari Osaka.
Secret Network is offering $400 million in funding to grow its privacy-oriented ecosystem and expand user adoption.
NFT marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round.
OpenSea announced the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount.
Coinbase partners with Mastercard for NFT marketplace purchases.
Mercedes-Benz has picked five artists from the NFT industry to interpret the G-Class in their own style.
With two more weeks left in January, OpenSea has seen its monthly trade volume in ETH exceed $3.5 billion for the first time ever.
Blockchain platform WAX will give out 10 million NFTs, one for each of the first 10 million accounts registered on its platform.
Serena Williams is joining Sorare as an advisor to its board of directors, according to a statement from the company.
adidas Originals and Prada are collaborating on an NFT project, “adidas for Prada re-source”.
POAP: the creators of the popular NFT badge system raised $10M.
StockX, an online marketplace and clothes reseller, added support for a NFT Vault system.
Statista: a new study indicates women “make up almost half of NFT ownership across all age ranges.”
Budweiser acquired beer-headed Noun 179 per Nouns DAO Prop 33 and made it the profile pic of the Bud Light Twitter account.
CrypToadz now has a community grants program, kicked off with a 40 ETH allocation.
Cool Pets, the Cool Cats expansion collection, will have a mint price of 0.5 ETH.
Sarah Zucker released the Promethea collection on Nifty Gateway.
Axie Infinity rolled out a new Builders Program. The leading NFT game also just unveiled its Axie Releasing mechanic and said a RON launch date has been set.
NFTBank.ai now tracks Cryptovoxels parcels in its mobile app.
Decentraland rolled out a new My Store marketplace section.
The Sandbox launched a dedicated Twitter account for The Sandbox Marketplace.
EnterDAO’s land renting marketplace is live.
Abracadabra.money introduces NFT peer-to-peer loan service.
Gem, a super efficient NFT marketplace aggregator, is now live.
NFTX launches inventory staking! Now you can earn yields on the platform while avoiding the risk of impermanent loss.
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!