Nifty Analysis
The end of Art Blocks Curated is major news for fans of generative art. While some people complained about the centralization of the curated series and the sheer number of curated projects, the impact Art Blocks Curated had on the industry is undeniable. Notably, Snowfro, the founder of ArtBlocks, explains that while the Art Blocks Curated series designation is ending, future projects may still be recognized as Art Blocks Curated when appropriate.
It is comforting to see known projects such as Azuki and CyberKongz continue to deliver during this slow bear market. While the exact plans for Azuki are not yet clear, CyberKongz has shipped a real claw machine game that allows users to burn $BANANA tokens for NFT prizes.
The launch of the Spencer Ventures NFT fund brings in a fresh $4.5 million of capital into the space. Notably, this fund is split across 30 investors which results in an average check size of $150,000. This is similar to what we have seen with other NFT funds such as 121G but is markedly different from more traditional venture funds that have far higher minimum investment requirements. As these funds prove themselves, it will be interesting to see if they attract capital from more institutional players (such as top university endowments, pension funds, etc.) with even bigger check books.
Project News
Art Blocks announces the end of the Art Blocks Curated series designation:
Azuki teases The Ruins as the next phase of the Azuki ecosystem:
CyberKongz releases The Path of Kongz roadmap and new The Klaw game that allows users to burn tokens for a chance to win NFTs:
Reddit NFTs experience highly volatile price tags with some digital collectibles going for as much as 6 ETH:
The crypto exchange simply known as βHiβ has partnered with MasterCard to issue an NFT-customizable debit card:
Community News
Spencer Ventures NFT Fund is announced detailing a $4.5 million fund dedicated to investing into digital collectibles:
Crypto comedian Kmoney creates controversial skit over JFX hack which ignites a debate on the ethics of celebrating the hacking of supposed scammers:
Quick Stats:
Opensea USD Daily Volume: $9.9M (β² 1.88%)
Opensea ETH Daily Volume: 7609 ETH (β² 2.23%)
BTC: $20,160.78 (β² 5.08%)
ETH: $1386.72 (β² 4.66%)
Solana: $34.85 (β² 5.13%)
NFT Daily Winners:
Bored Ape Yacht Club: 79.00 (β² 0.25%)
CryptoPunks: 64.89 (β² 1.47%)
Moonbirds: 10.50 (β² 0.96%)
VeeFriends: 5.15 (β² 0.19%)
DigiDaigaku 12.00 (β² 6.19%)
Doodles: 7.49 (β² 2.60%)
Clone X 6.43 (β² 5.41%)
Proof Collective: 49.99 (β² 6.59%)
NFT Daily Losers:
Azuki: 8.80 (βΌ 0.03%)
Chromie Squiggles: 11.40 (βΌ 0.35%)
Mutant Ape Yacht Club: 15.60 (βΌ 2.5%)
Notes:
If you find bite-sized NFT updates helpful, please feel free to subscribe:
Created by @AxuETH, @SSPxLEO, and @SpeedyGonzale87
Sources for statistics include:
https://nftpricefloor.com/
https://coinmarketcap.com/coins/
https://dune.com/rchen8/opensea
Image source: Generated with AI through Midjourney