NiftyNoon: Blur Lending Continues to Rally the Market
Blur Lending has rallied the market… but will it last? (May 4, 2023)
Nifty Thought
The rise of Blur Lending has led to some market volatility with various people buying NFTs in anticipation for lending being activated on those collections. Most people have speculated that Yuga projects such as Mutant Ape Yacht Club and Bored Ape Yacht Club are very likely to see Blur Lending soon due to their market position. At the same time, the Degods and Blur partnership has many speculating that Degods may also soon have Blur lending activated. Ultimately, while playing into this volume can be highly profitable for traders, it may be a losing strategy overall for people that are not ready and equipped to sell at a moment’s notice. The volatility in the market here may provide a temporary opportunity but it is important to note that the long term prospects of most of these projects remains unchanged.
Highlighted News
Moonbirds announce Day One Shuffle is now live with submissions accepted till May 7:
https://twitter.com/moonbirds/status/1653808775307075584?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Rhett Mankind used ChatGPT to create a meme coin from scratch a few days ago, currently sitting at a $31M market cap:
Project and Community News
Taking a look through the UTF8 messages sent by the deployer of the JUGS coin:
https://twitter.com/natealexnft/status/1653588461939564545?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Pons Asinorum announces launching an NFT that will “literally change the way business is done in the real world”; a business born out of @ThePlagueNFT of Frogs ecosystem:
https://twitter.com/pons_eth/status/1653760492152684545?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Forgotten Runes Wizard's Cult announce Titan Publishing as their partner for the upcoming 10 issue comic series:
https://twitter.com/forgottenrunes/status/1653799820870688768?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
NBA Top Shot App Exclusive Pack Drop:
https://twitter.com/nbatopshot/status/1653807566143598594?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Pluto announces Whitelist Experience, SUNBEAM, is out now:
https://twitter.com/plutomisfits/status/1653865032663584769?s=20
A chainface has breached the top 100 on nftinspect:
https://twitter.com/natealexnft/status/1653866317080920067?s=20
Doodles announce Doodle Watch submissions are now open until May 5th at 11:59 pm ET:
https://twitter.com/doodles/status/1653474385632608257?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Figuregot announce minting coming May 2023:
https://twitter.com/figuregot/status/1647993380696215557?s=20
DeGod #5996 (Rank #17) sold for 70.00 ETH ($129,447.50):
https://twitter.com/DeGodsSalesBot/status/1653785137706852353
Former product manager at OpenSea convicted of fraud and money laundering due to insider trading of NFTs:
https://twitter.com/unusual_whales/status/1653862715117703168?s=20
Quick Stats:
OpenSea ETH Daily Volume: 2,574 ETH (▼ 12.18%)
Blur ETH Daily Volume: 9,387 ETH (▼ 13.61%)
BTC: $29,242.55 (▲ 2.25%)
ETH: $1,911.74 (▲ 2.44%)
Solana: $22.37 (▲ 3.18%)
Polygon: $1.00 (▲ 0.84%)
NFT Daily Winners:
🧬 Clone X: 3.23 ETH (▲ 2.87%)
🧟 Mutant Ape Yacht Club: 11.35 ETH (▲ 1.61%)
🥔 Potatoz: 2.96 ETH (▲ 0.82%)
🏴☠️ Captainz: 7.45 ETH (▲ 0.27%)
🏳️🌈 Chromie Squiggles: 9.00 ETH (▲ 0.11%)
🐈⬛ VeeFriends: 2.33 ETH (► 0.00%)
🦉 Moonbirds: 2.43 ETH (► 0.00%)
NFT Daily Losers:
⛩️ Azuki: 15.44 ETH (▼ 0.56%)
🥃 Proof Collective: 6.75 ETH (▼ 0.71%)
🦧 Bored Ape Yacht Club: 50.80 ETH (▼ 0.96%)
🐧 Pudgy Penguins: 4.20 ETH (▼ 1.87%)
🌈 Doodles: 2.70 ETH (▼ 2.21%)
🧝🏼♀️ DigiDaigaku: 3.58 ETH (▼ 2.87%)
🚬 CryptoPunks: 52.79 ETH (▼ 3.49%)
Notes:
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