NiftyNoon: Can HV-MTL Revive the Yuga Labs NFT Ecosystem?
As Yuga Labs NFT floor prices continue to slowly fall, the company has revealed its HV-MTL NFTs (May 18, 2023)
Nifty Thought
The reveal of the highly anticipated Yuga Labs HV-MTL NFTs has begun, with many NFT participants discussing a tiered and multi-phase reveal approach. Though some have expressed disappointment with the quality of the art, the simple reality of the NFT space is that very few people were dedicating serious spending on Yuga NFTs for the art—rather, it was a bet on Yuga delivering future value to holders of NFTs within their ecosystem.
Unfortunately, this bet seems targeted toward current NFT participants, with little to compel new users to join and engage with the NFT ecosystem. For Yuga Labs and their NFTs to see success similar to what they have experienced in the last bull market, they must deliver a compelling reason for non-crypto participants to become active in the NFT space. While the future of the Otherside and HV-MTL may play into this in the long run, the short-term price action for many of these collections looks less than ideal.
Highlighted News
Tortugo shares thoughts and excitement on Yuga Labs recent drops and cool story telling:
https://twitter.com/tortugo_333/status/1658820861275803648?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Someone places a 1.3E fat finger bid on HV-MTLs, having ~130 dumped on them so far and losing ~0.5e per sale:
https://twitter.com/cirrusnft/status/1658892865156825088?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
OpenSea Pro announces upgrade with improved Collection Page Analytics:
https://twitter.com/openseapro/status/1658898745830916096?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Red Beard Ventures closed a $25M funding round aimed at accelerating the adoption of Web3 technologies:
https://twitter.com/coindesk/status/1658468035823386625?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
SWOOSH announces General Access sale will now begin on Wednesday, May 24th:
https://twitter.com/dotswoosh/status/1658992528501374977?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Andrew Tate giving away free NFTS, with every single purchase on http://topg.com:
https://twitter.com/cobratate/status/1658932481947566080?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Origins has passed review with Apple and is now available on the App store, marking the first time Apple agrees to make an externally-purchased NFT usable on the App Store:
https://twitter.com/axieinfinity/status/1658778494875181058?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Ben Armstrong shares details of $ BEN deal :
https://twitter.com/Bitboy_Crypto/status/1658857301317500928
AmericanaNFT announces beta launch May 19th:
https://twitter.com/americananft/status/1658565907222876163?s=46&t=898YHT1az_bwhR4uMOH5aQ
NFT degen tricks bot by placing a bid .3 above floor, resulting in whale getting dumped 500 ETH worth of HV-MTL:
https://twitter.com/hanwechang/status/1658895199299411978?s=46&t=LG1uklZKrGnt2rkyjEY_wQ
HV-MTL Aesthetics Power Rankings:
https://twitter.com/jbondwagon/status/1659000901024243712?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
HV-MTL#1592 bought for 5.88 ETH (10,731.12 USD) on Opensea:
https://twitter.com/hvmtlbot/status/1659049411685797888?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea ETH Daily Volume: 2,375 ETH (▼ 10.00%)
Blur ETH Daily Volume: 6,712 ETH (▼ 24.8%)
BTC: $27,140.09 (▲ 1.36%)
ETH: $1,811.21 (▲ 0.82%)
MATIC: $0.87 (▲ 1.48%)
SOL: $20.56 (▼ 0.14%)
NFT Daily Winners:
🐧 Pudgy Penguins: 4.70 ETH (▲10.54%)
🐈⬛ VeeFriends: 2.33 ETH (▲3.6%)
🌈 Doodles: 2.33 ETH (▲1.79%)
🚬 CryptoPunks: 49.40 ETH (▲0.83%)
🦧 Bored Ape Yacht Club: 46.95 ETH (▲0.56%)
🧟 Mutant Ape Yacht Club: 9.99 ETH (▲0.35%)
⛩️ Azuki: 14.80 ETH (▲0.34%)
🏴☠️ Captainz: 8.76 ETH (▲0.1%)
🏳️🌈 Chromie Squiggles: 9.36 ETH (► 0.00%)
🥃 Proof Collective: 6.17 ETH (►0.00%)
NFT Daily Losers:
🦉 Moonbirds: 2.08 ETH (▼0.22%)
🧬 Clone X: 2.76 ETH (▼1.29%)
🧝🏼♀️ DigiDaigaku: 3.27 ETH (▼3.25%)
🥔 Potatoz: 2.98 ETH (▼11.44%)
Notes:
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