NiftyNoon: Record NFT Volume Reached: Biggest Day Since May.

Explosive volume pouring into NFTs. Staking rewards for Apecoin ($APE) goes live today and much more! (December 12th, 2022)

Nifty Thought

• The NFT market is showing no signs of slowing down. On December 12th, NFTs set a new record for the highest volume of ETH traded since May, with 30K ETH pouring into the market. Whether this volume has been funneled in via questionable tactics is hard to determine but interestingly enough, 70% of the total volume traded was on Blur’s platform. This could be in part due to the 3rd Blur airdrop but many skeptics have gone ahead and investigated the situation further, as outlined in the news articles below. This explosive increase in ETH volume has led to multiple projects pumping from the likes of Azuki, Pudgy Penguins, and Valhalla, among many others.

• On another note. Today marks an exciting milestone for the ApeCoin community, as Horizen Labs announces the launch of ApeCoin staking. This new feature enables holders of ApeCoin to earn rewards by simply holding their coins in a supported wallet. Whether this will push the price in the long term remains to be seen but as of now, a minor price increase has been observed. More details below!

Project News

• ApeCoin ($APE) staking rewards go live today (12 DEC)

  ApeCoin @apecoin

  [1/n] GM $APE fam! We are in the middle of the pre-commitment period for Ape staking. Rewards start accruing on December 12th!

  

  Horizen Labs @HorizenLabs

  Ape Staking Update: The day is finally here, $APE holders. https://t.co/sDan8JBxKa...is now LIVE!🎉 Pre-commitment period starts now. 1) Go to https://t.co/sDan8JBxKa 2) Connect your wallet 3) Stake your position On December 12th, rewards start accruing. Get ready!

• Nanoverse phase 2 is coming Dec 18th:

  #0 Rei | NANOVERSE DEV @reicannon

  1/🧵Hello my dear Twitter followers, Nano's P2 is on 18th Dec. With this major milestone coming up, let's have a heart to heart shall we?

• Rug Radio x Cory Van Lew PFP mint details revealed:

  Farokh @farokh

  RUG RADIO x CORY VAN LEW PFP MINT DETAILS! Coming very early in 2023, looking forward to seeing the timeline flooded with fine art by the one and only @coryvanlew! Head over to our Discord for any additional questions.

  

• Valhalla trait re-roll demo and details:

  VALHALLA @valhalla

  THE ARMORY. The Armory allows holders to re-roll certain traits of their Avatars on-chain. To use the Armory, holders must burn an Armory token. Details and video demo below. ↓

• Moonbirds community NFT Mythics collection reveals progress:

Justin Mezzell (🥃,🦉) @JustinMezzell

Yesterday, we shared with the @moonbirds community some of the work we've put into the upcoming Mythics collection. I'm really excited about where it's going and honored to get to work with @ColinHesterly and @Auldrobot on creating the chapter in the Moonbirds universe.

Community News

• Cirrus NFT pump bid walls:

  Cirrus @CirrusNFT

  The buy-side liquidity on blur is unlike anything we've seen in NFTs before You can accept 169 bids on mutants right now and the top bid would move 0.4% Treating NFTs more like shitcoins was actually the best possible outcome

  

• SBF wants to create a new firm to repay everyone he scammed with FTX:

  Douglas A. Boneparth @dougboneparth

  SBF says he wants to start a new business to pay back all the people he robbed with his first business.

• This Sunday saw the largest NFT volume since May:

NFTstatistics.eth @punk9059

Pretty wild day: more than 30K ETH of volume for the first time since May. Vast majority of ETH volume (70%+) was on Blur. Total trades (50,000) wasn't above avg, which means the average price per trade went through the roof (avg trade of 0.61 ETH vs 0.24 ETH a week ago).

Quick Stats:

• OpenSea ETH Daily Volume: 3,219 ETH (▼ 49.52%)

• Blur ETH Daily Volume: 5,724 ETH (▲ 28.31%)

• BTC: $17,035.94 (▼ 0.73%)

• ETH: $1,252.16 (▼ 1.66%)

• Solana: $13.14 (▼ 3.94%)

• Polygon: $0.89 (▼ 2.40%)

NFT Daily Winners:

• Doodles: 6.87 ETH (▲ 8.36%)

• Bored Ape Yacht Club: 67.89 ETH (▲ 2.17%)

• VeeFriends: 4.70 ETH (► 0.00%)

• Proof Collective: 31.00 ETH (► 0.00%)

NFT Daily Losers:

• CryptoPunks: 64.80 ETH (▼ 0.15%)

• Clone X: 6.58 ETH (▼ 0.49%)

• Mutant Ape Yacht Club: 13.59 ETH (▼ 1.52%)

• Azuki: 11.28 ETH (▼ 1.96%)

• Moonbirds: 8.23 ETH (▼ 2.30%)

• Chromie Squiggles: 11.95 ETH (▼ 4.40%)

• DigiDaigaku: 7.96 ETH (▼ 16.22%)

Notes:

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