Nifty Thought
Today is a big day for the NFT space. After months of various farming for $BLUR, the upstart NFT marketplace will finally be releasing its token to the public. Thoughts on the outcome of this are mixed. Many people believe the removal of NFT bid incentives will result in NFT floor prices crashing across the board, other people believe that the injection of DeFi money will result in a widespread NFT pump.
The team at NiftyNoon leans toward the latter. Paradigm, a well-respected crypto investor, is intimately involved with Blur’s efforts. Historically they have shown a propensity for developing interesting tokenomic models. Furthermore, many non-NFT people follow their projects and may be interested in purchasing $BLUR simply due to its affiliation with Paradigm. This is all compounded with Coinbase’s listing of the $BLUR token on its platform. The net result of this might be an injection of new capital and liquidity into the NFT ecosystem that pushes floor prices up across the board. In particular, the NiftyNoon team is especially focused on the potential price action of Pudgy Penguins which have been staying in the 5 ETH range for a few days leading up to this event.
Project News
Blur’s highly anticipated Care Packages can be opened on February 14th at 12PM EST:
Azuki introduce Jay & Jelly, two new Beanz characters:
Moonbirds presents a set of backgrounds unique to holders of Des Lucrece “Proceed w/ Caution” project:
Coinbase announce they will add support for $BLUR token:
First donation of on-chain art from a collector to a museum, as well as largest digital fine art collection to enter a museum:
HadesDAO acquires Solana Monkey Business and presents future plans and vision for the project:
Hadeswap acquires SolanaMonkeyBusiness🐒 → @hadeswap transfers ownership to HadesDAO to lead the initiative → Dedicated team of contributors, ops, devs and culture leaders to reinforce the SMB brand → Involvement in @hadeswap's DAO funding & proposals Full Press Release ↓We have been informed that HadesDAO has purchased the Solana Monkey Business (SMB) NFT project and its IP. HadesDAO reached out to the MonkeDAO Executive Team, and we had our first meeting to discuss their acquisition of SMB on February 12th. We have not formed a partnership… https://t.co/4I7spiOGGZMagic Eden co-founder announces company-wide restructuring (layoffs):
Frank announces burnt DeGods will be inscribed onto Bitcoin:
Community News
Bitcoin Punks team sells their ordinals to Ryan Carson’s 121G:
Quick Stats:
OpenSea Daily Volume: 7,726 ETH (▲ 31.59%)
Blur Daily Volume: 9,030 ETH (▲ 73.62%)
BTC: $21,682.71 (▲ 0.3%)
ETH: $1,507.48 (▲ 1.68%)
Solana: $21.22 (▲ 3.69%)
Polygon: $1.18 (▲ 0.84%)
NFT Daily Winners:
🦉 Moonbirds: 6.39 ETH (▲ 5.62%)
🐧 Pudgy Penguins: 5.33 ETH (▲ 4.73%)
⛩️ Azuki: 12.95 ETH (▲ 3.69%)
🧝🏼♀️ DigiDaigaku: 7.90 ETH (▲ 2.73%)
🧬 Clone X: 4.37 ETH (▲ 1.8%)
🥃 Proof Collective: 17.20 ETH (▲ 0.76%)
🦧 Bored Ape Yacht Club: 67.00 ETH (► 0.00%)
🚬 CryptoPunks: 61.88 ETH (► 0.00%)
NFT Daily Losers:
🌈 Doodles: 4.79 ETH (▼ 3.23%)
🧟 Mutant Ape Yacht Club: 14.19 ETH (▼ 3.4%)
🏳️🌈 Chromie Squiggles: 13.20 ETH (▼ 4.35%)
🐈⬛ VeeFriends: 3.60 ETH (▼ 10.0%)
Notes:
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