NFT Review 40 - Rise of the APEs
Stripe launch support for NFTs, Limewire relaunching as NFT marketplace, Behance adds NFT support, and more
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Dear NFT enthusiast,
This week, one of the biggest developments in the NFT space was Yuga Labs’ acquisition of CryptoPunks and MeeBits. In a move that surprised and delighted many, Yuga Labs followed the acquisition with the announcement that commercial rights of all CryptoPunks would now belong to the Punk holders.
But bigger than that was the announcement of a new APE token and ApeCoin DAO. According to the press release, 62% of the 1 billion APE token supply would be allocated to the ApeCoin community over time, and 15% of the total supply, or 150M APE, would be claimable by Bored Ape NFT holders as of 8:30 AM ET on Thursday, March 17th. As announced, the token launched and minted new millionaires.
With all these developments, it seems that Yuga Labs and the Bored Ape community have far bigger dreams than just minting and selling NFTs at eye-popping valuations. The goal seems to be to position the Bored Ape brand at the center of culture, gaming, and commerce. It is exciting to see how this develops.
The key takeaway from this news is that there is almost no limit to the cultural and economic growth an NFT collection can generate if its creators and community are dedicated to growing that collection’s value overtime.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
RMRK announced Moonglade, a new collection in partnership with RMterra that focuses on planting trees, restoring land, feeding people, and demonstrating the awesomeness of multi-resource NFTs.
Web3 People interviewed RMRK founder Bruno Škvorc.
You can now permission your Discord server using CollabLand based on which RMRK NFTs people own, if they use Talisman.
Nova Wallet mobile app now offers the new Singular.app in its dApp browser.
Kanaria market stats for the past 7 days:
Total sale volume: 1543.69 KSM
Top bird sale: 105 KSM
Total number of sales: 125
Top item sale: 53 KSM
Median bird floor price: 19.05 KSM
Metaverse.Network, a platform for building metaverse dApps and games, unveiled a new website.
Unique Network’s Irina Karagyaur was on a panel WOWsummit Dubai to talk about sustainable NFTs.
🗞 NFT News from Ethereum and Beyond
McLaren to mint NFTs of luxury supercars in InfiniteWorld partnership.
Crypto Unicorns has completed a $26 million token sale ahead of its NFT game launch.
Magic Eden has raised $27 million in a Series A funding round to expand its range of products and services.
According to a report from accounting firm PricewaterhouseCoopers (PwC), digital assets can boost revenue for sports teams.
Metaverse fashion company UNXD has raised $4 million in a funding round led by Animoca Brands, Polygon Studios and Red DAO.
Ukrainian boxing legend and two-time heavyweight world champ Wladimir Klitschko is releasing an NFT collection to support Ukraine’s war effort.
World of Women teams up with The Sandbox for $25M inclusivity push.
Papa John’s plans NFT drop despite prior warning from UK advertising regulator.
Immutable raises $200M at $2.5B valuation.
GameStop says it plans to launch an NFT marketplace by the end of July.
CryptoPunks, CryptoCats, and CryptoKitties: How they started and how they’re going.
Polygon becomes Rarible’s fourth supported blockchain.
South China Morning Post is spinning off its NFT business into a new firm ‘Artifact Labs’.
Mark Zuckerberg says NFTS are coming soon to Instagram.
Rare Bears Discord phishing attack nabs $800K in NFTs.
Animoca Brands shut downs NFT game F1 Delta Time.
Spotify draws up plans to join NFT digital collectibles craze.
American Express files trademark applications for metaverse and NFT logos.
Ethereum NFT sales are inversely correlated to crypto market: Nansen.
DraftKings links NFTs to betting products in Web3 Push.
Behance has added support for NFTs. Users with Phantom wallets can now showcase their Solana NFTs on the platform.
Foundation rolled out a big upgrade with new features.
Limewire, the former file-sharing website, is relaunching as an NFT marketplace.
Manifold unveiled HODLer Snapshots, an airdrop system for snapshotting and airdropping tokens to collectors.
Stripe launched support for NFT sales and released an open-edition commemorative NFT collection on Nifty Gateway:
Bored Ape Yacht Club matches its community members by donating $1M worth of ETH to the Ukraine Crypto Donation address.
Argent is gifting out a Tubby Cat to raise awareness about its new Layer 2 accounts rollout.
Check out Bankless’ new write-up on Finiliar, the up-and-coming NFT collection that’s going to pet-ify crypto price action.
Axie Infinity published a sneak peek of Origin mouth cards:
Corruption(s*) and Blitmap community members have entered into a Discord crossover experiment that is “laying the foundation for a multiplayer game.”
CyberKongz integrated Chainlink’s Verifiable Random Function (VRF) on Polygon to randomize in-game features in the project’s upcoming Play & Kollect game.
Sound is hosting a Sound Series event at SXSW.
Cryptovoxels listed parcels in the Milky Way neighborhood.
NFTX highlighted how its vault tokens are used in the new Scalara NFT Index: