NiftyNoon: OG BAYC Whale Franklin Steps Back from NFTs
After being the face of NFTs for much of the bull market, Franklin is taking a step back (April 14, 2023)
Nifty Thought
Franklin has been the face of NFTs for quite a while. He was not only one of the biggest Bored Ape Yacht Club whales in the ecosystem, he also was frequently participating in all facets of NFTs ranging from BendDao to Blur. Sadly, he has made the personal choice to begin exiting NFTs and shift his focus elsewhere. The circumstances of his personal departure are private to him but this does align with an alarming trend of other whales such as Machi exiting the NFT ecosystem entirely.
This departure of liquidity will likely cascade as more large holders exit and buy pressure continues to decrease. At this point, it seems highly likely that NFTs may still have more downside moving forward. While the long run market cap of NFTs and digital collectibles will likely increase in the long term, it is also likely that this will come off the backs of NFTs that have not yet minted rather than an increase in value of the NFTs we have today.
Project News
VeeFriends announce a partnership with Courtyard_NFT to revolutionize the world of collectibles:
https://twitter.com/veefriends/status/1646219490659651584?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Moonbirds announce “new journeys await”:
https://twitter.com/moonbirds/status/1646546901377105920?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Manifold.xyz presents House of Lee Genesis open edition:
https://twitter.com/manifoldxyz/status/1646693628927168513?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Delvallecrypto shares she will be joining the proof_xyz team as senior product designer:
https://twitter.com/delvallecrypto/status/1646664158815956993
Doodles calls holders to sign up to be a Triwizzy champion and earn votes from the community to qualify for the Challenges Stage:
https://twitter.com/doodles/status/1645889395063660545?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Wolf Game Shepherd shares details on game WOOL burns :
https://twitter.com/wolfdotgame/status/1646520507825799168?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Franklinisbored shares he will step aside from NFT trading/twitter for a while, and will focus on his private life, after being involved in 2000 ETH rug pull:
https://twitter.com/franklinisbored/status/1646554068343455759?s=46&t=dHHZdw5L70boHRGaM55SSw
https://twitter.com/franklinisbored/status/1646517950747381762
Beeple shares artistic image captioned “group effort”:
Kevin Rose shares footage of PROOF community private tour of “QQL” by tylerxhobbs yesterday at PaceGallery:
https://twitter.com/kevinrose/status/1646505189636030464?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
https://twitter.com/mattsilv/status/1646702278403842049?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Community News
Frankdegods birthday pizza party:
https://twitter.com/frankdegods/status/1646655980111798275?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea Daily Volume: 4,287 ETH (▲ 25.17%)
Blur Daily Volume: 17,622 ETH (▲ 52.07%)
BTC: $30,839.15 (▲ 2.08%)
ETH: $2,114.26 (▲ 6.79%)
Solana: $25.07 (▲ 4.09%)
Polygon: $1.18 (▲ 4.68%)
NFT Daily Winners:
🌈 Doodles: 2.71 ETH (▲ 0.37%)
🏳️🌈 Chromie Squiggles: 9.00 ETH (► 0.00%)
🐈⬛ VeeFriends: 2.99 ETH (► 0.00%)
NFT Daily Losers:
🦉 Moonbirds: 3.09 ETH (▼ 0.90%)
🚬 CryptoPunks: 54.49 ETH (▼ 1.55%)
🧝🏼♀️ DigiDaigaku: 4.22 ETH (▼ 1.74%)
🦧 Bored Ape Yacht Club: 53.00 ETH (▼ 2.55%)
⛩️ Azuki: 14.37 ETH (▼ 3.40%)
🐧 Pudgy Penguins: 4.05 ETH (▼ 4.03%)
🧟 Mutant Ape Yacht Club: 12.21 ETH (▼ 6.15%)
🥃 Proof Collective: 9.69 ETH (▼ 8.15%)
🧬 Clone X: 2.25 ETH (▼ 12.35%)
Notes:
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