NiftyNoon: The Marfa Illuminati NFT Pumps
As NFT events in Marfa wind down, a few collections see surprising price pumps (September 25, 2023)
Nifty Thought
The NFT events at Marfa have truly become a celebration of digital art and the entire NFT space. While this year’s events were, by all accounts, a success, many outsiders this year noticed peculiar price action of a few Art Blocks adjacent collections. First, Beef Brothko, a stealth Marfa mint from “Die With the Most Likes” quickly pumped to a nearly .4 ETH floor price. Second, Velocity Pass, a collaboration between AOI and Red Bull, pumped to a nearly 1.7 ETH floor price. Erick Snowfro, the founder of Art Blocks and the creator of the Chromie Squiggle, was previously announced as one of the artists for the pass’s unique generative airdrops. Some have speculated that this pump was the result of further details that Snowfro shared at Marfa leading to buyers trying to quickly front-run the news. Regardless of the root cause for these pumps, it is, as always, important to be mindful of the macro headwinds impacting NFTs as a whole. Liquidity and unique buyers are still nearing all-time lows. No one went broke taking profits.
Highlighted News
Sun setting on Art Blocks Marfa Weekend 2023:
https://twitter.com/artblocks_io/status/1706120474831229291?s=46
Sam Spratt shares image from Marfa, as he becomes officially a Trad-art collector:
https://twitter.com/samspratt/status/1705998530349846648?s=46
Grant Riven Yun on “memorable weekend” in Marfa:
https://twitter.com/grantyun2/status/1705975914213904538?s=46
Project and Community News
@toadswiback on NFT events at Marfa:
https://twitter.com/toadswiback/status/1705965320782115115?s=46
Introducing Oda, the inhabitants of Otherside:
https://twitter.com/othersidemeta/status/1705250818155217113?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
OpenSeaGG, streaming soon on @Twitch:
The @yamamotorei862 & Squiggle thing is just WILD:
https://twitter.com/fluxjoyart/status/1705736420533620844?s=46
Announcing Central Bank Buyback (C,B,B) program:
Coolman wins meritless lawsuit:
https://twitter.com/coolmanuniverse/status/1705665628890189880?s=46
@NFTNics addresses Pudgy community:
yoots announce pitstop before going to the bridge:
https://twitter.com/y00tsnft/status/1705464844214821041?s=46
friend.tech share you can now link directly to your profile Copy anyone's link:
https://twitter.com/friendtech/status/1705430118259450128?s=46
@jalil_eth reflects on "full circle moment":
https://twitter.com/jalil_eth/status/1705669868207370409?s=46
“Not in Knots” is now live on the Magic Eden Open Editions Launchpad:
https://twitter.com/magiceden/status/1705251399330644018?s=46
There’s a new NFT fund in town - NTmoney:
https://twitter.com/drjones0305/status/1706040317563080923?s=46
Third-party data breach @ OpenSea:
https://twitter.com/matrixbt/status/1705314979346252284?s=46
Due to regulatory uncertainty and low adoption, Rollbit will sunset ‘Degen Exchange’ for now:
https://twitter.com/rollbitcom/status/1705196259189878856?s=46
2023 was... interesting... for most NFT projects so far:
https://twitter.com/waleswoosh/status/1705574408494973194?s=46
The rarest Echo of Intensity by @perkwerk_ has been minted:
https://twitter.com/artoninternet/status/1705349069017600439?s=46&t=2K0NUQe0F-RcbTFiRc0CIg
Bought 47 World of Women Galaxy for Ξ4.0601:
https://twitter.com/0xprobot/status/1705969382592074111?s=46
@toadswiback's project "Beef Brothko" already done 112 ETH of volume after a 0.0369 ETH mint yesterday:
https://twitter.com/punk9059/status/1706105606191579457?s=46
Quick Stats:
Blur ETH Daily Volume: 2,060 ETH (▲ 20.05%)
OpenSea ETH Daily Volume: 1,320 ETH (▲ 21.21%)
BTC: $26,133.25 (▼ 1.78%)
ETH: $1,577.89 (▼ 1.11%)
Solana: $19.45 (▼ 0.91%)
Polygon: $0.51 (▼ 1.2%)
NFT Daily Winners:
🐈⬛ VeeFriends: 1.62 ETH (▲ 5.86%)
🏴☠️ Captainz: 3.05 ETH (▲ 1.56%)
🧬 Clone X: 1.35 ETH (▲ 1.25%)
🏳️🌈 Chromie Squiggles: 9.95 ETH (▲ 1.01%)
NFT Daily Losers:
🦉 Moonbirds: 1.32 ETH (▼ 0.05%)
🚬 CryptoPunks: 45.46 ETH (▼ 0.09%)
⛩️ Azuki: 3.83 ETH (▼ 0.10%)
🌈 Doodles: 1.26 ETH (▼ 0.12%)
🦧 Bored Ape Yacht Club: 23.65 ETH (▼ 0.21%)
🧟 Mutant Ape Yacht Club: 4.80 ETH (▼ 0.91%)
🐧 Pudgy Penguins: 4.58 ETH (▼ 1.72%)
👩🏻 Milady Maker: 2.26 ETH (▼ 1.75%)
⛰️ Otherdeeds: 0.42 ETH (▼ 2.58%)
Notes:
If you find quick daily NFT updates helpful, please feel free to subscribe:
The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Managed by @AxuETH, @NPapaellinas, @SpeedyGonzale87, @SSPxLEO and @xhuewa