Nifty Analysis
Much has been said about the potential for Coinbase NFT and Instagram NFT to onboard new people into the world of NFTs. Very few people, however, predicted Reddit to become the dominant force introducing NFTs to the masses. Nonetheless, that is exactly what happened. Reddit has 3 million wallets into the NFT world since July. Reddit’s approach to digital avatars is novel with them existing on Polygon rather than layer 1 ETH and with a focus on individual traits and editions from popular Reddit artists. Although the long term viability of these NFTs remains to be seen, it is undeniably a positive for Reddit to be bringing so many new people into the wild word of web3.
Project News
Azuki Golden Skateboard auction concludes with 8 skateboards selling for more than 1900 ETH:
TRLab begins Nonspace mint with the Calder Foundation to celebrate legendary American sculptor Alexander Calder:
Warner Bros NFT Lord of the Rings NFTs in partnership with Eluvio:
Community News
Reddit NFTs dominate NFT twitter as their floor price quickly rises and their total wallet count flips the total wallet count of OpenSea:
🚨Breaking News🚨 Reddit the social platform has quietly onboarded millions of users to web3 and NFTs This is how crypto mass adaption feels like. Lets make a quick deep dive 👇🧵 QUICK FACTS / INTRO / HISTORY / TAKEAWAYS / ACTION / ADDITIONAL RESSOURCES 1/20Jiho.eth, the co-founder of Axie Infinity, joins Prez and Axu to discuss NFTs and crypto-gaming:
NYDoorman rumored as potential acquirer for Starcatchers NFT project:
Quick Stats:
OpenSea USD Daily Volume: $7.17M (▼ 3.91%)
OpenSea ETH Daily Volume: 5,419 ETH (▼ 5.49%)
BTC: $19,355.46 (▲ 0.99%)
ETH: $1,345.54 (▲ 2.91%)
Solana: $28.81 (▲ 2.90%)
NFT Daily Winners:
Chromie Squiggles: 12.50 ETH (▲ 6.38%)
Mutant Ape Yacht Club: 13.07 ETH(▲ 0.51%)
VeeFriends: 6.50 ETH (► 0.00%)
DigiDaigaku: 11.20 ETH (► 0.00%)
Proof Collective: 40.50 ETH (► 0.00%)
Azuki: 11.49 ETH (► 0.00%)
NFT Daily Losers:
Moonbirds: 8.99 ETH (▼ 0.66%)
CryptoPunks: 66.45 ETH (▼ 0.75%)
Bored Ape Yacht Club: 71.40 ETH (▼ 1.77%)
Clone X: 8.15 ETH (▼ 1.81%)
Doodles: 7.19 ETH (▼ 3.36%)
Notes:
If you find bite-sized daily NFT updates helpful, please feel free to subscribe:
Created by @AxuETH, @jpegprez, @SSPxLEO, and @SpeedyGonzale87