NFT Market Plummets as Certain Collections Suffer 90% Pullbacks
The NFT market is experiencing a significant decline in key metrics such as users, volumes, and liquidity velocity, with some collections experiencing pullbacks of 90% or more. The Nansen analytics platform reports that total NFT trading volume has decreased by 49% in the past month to 223,000 ether, or approximately $367 million. While the overall market is struggling, certain collections, such as CryptoPunks, are still performing well and maintaining their position as the preeminent NFT collection.
Trump NFT price rises to 0.13ETH, or just over $215
According to Jinse Finance, after an interview with media celebrity Tucker Carlson on X platform (formerly known as Twitter) went viral online on Thursday, the price of Donald Trump's NFT collection rose sharply, and the video received 110 million views within hours of its broadcast. The price of the Trump digital trading card based on Polygon exceeded 0.13 Ethereum (ETH), slightly higher than $215, higher than last week's 0.1 Ethereum (ETH), or $150. According to data from the NFT market OpenSea, the trading volume of the collection has exceeded 17 Ethereum.
Nansen: The main NFT series has double-digit monthly losses as the reserve price drops
According to Nansen data, the bottom prices of some of the most famous "blue chip" NFTs have dropped by more than 25% last month. The Bored Ape Yacht Club series has dropped by 27%, DeGods has dropped by 55%, and Azuki has dropped by 36%.
At the same time, the Nansen NFT-500 index has fallen 40% year-to-date, while the Blue Chip 10 index has fallen 33%. Although the value of NFTs is usually determined by the price of Ether, the decline in the NFT market has exceeded the decline in Ether, which has fallen 9.6% on a month-on-month basis.
Tabi: About 900,000 NFTs have been minted on the cold start activity chain
GameFi gaming service platform Tabi has attracted over 800,000 participants to join Discord and expanded its Discord user community to 1 million. As of now, Tabi's cold-start activity chain has completed the casting of about 900,000 NFTs and has reached the top 1% of the Reddit community rankings. Currently, Tabi's mermaid activity is still ongoing, and users can obtain a free NFT casting qualification on zkSync Era through a simple process. In May, Tabi completed a $10 million angel round of financing, with investment from venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital, and individual investors Feng Bo from Dragonfly Capital, Riyad AD from Saudi Arabia, and Suji Yan from Mask Network.
BAYC #4088 Traded at Its Highest Ever Price of 99 ETH
On August 22nd, according to OpenSea transaction data, BAYC #4088 was sold for a record high price of 99 ETH, worth about $164,600.
This NFT was previously sold for 21 ETH in July 2021, equivalent to about $40,000 at the time, and for 10 ETH in June 2021, equivalent to about $25,000.
7 NFTs on Blur have been stolen by EOA address Fake_Phishing182232
According to PeckShieldAlert monitoring, 7 NFTs on Blur, including Mutant Ape Yacht Club #8853, have been stolen through phishing by the EOA address Fake_Phishing182232.
27 BAYCs Are Facing Liquidation in BendDAO
On August 21st, according to information from NFT lending protocol BendDAO, 27 BAYC tokens on the platform are facing liquidation. Currently, 6 BAYC tokens have a health score of less than 1.05 and 21 BAYC tokens have a health score of less than 1.10. At the time of writing, the floor price of BAYC NFTs in the BendDAO series is 25.22 ETH, which is 1.76 ETH higher than the floor price of BAYC NFTs in the Blur NFT trading platform's series.
The NFT Project Milady Rose 21.13% in a Single Day, and the Floor Price Reached 4.42 ETH
On August 21st, according to Blur market data, NFT project Milady rose by 21.13% in a single day, with a floor price of 4.42 ETH, approaching a monthly high.
NFT Music Royalty Market MasterExchange Completes $2.7 Million in Financing
MasterExchange, an NFT music royalty investment market, has completed a $2.7 million financing round with participation from Vectr Fintech, Claes-Henrik Julander, and Rob Small, as reported by Music Business Worldwide. MasterExchange has launched its first "Initial Music Offering (IMO)" product, "Sofia," and has sold out.
