April Crypto Narrative Outlook: Shapella, Layer 2, NFTs, and Gate.io Web3 Platforms
April is here, BTC has been trading somewhat sideways, and Ethereum’s Shapella upgrade is just cresting over the horizon. But there’s still much more going on, and new narratives are finding attention as we enter the second quarter of 2023.
Argentinian Carrier Flybondi Leads the Way with NFT Tickets
Flybondi Airlines has entered a new era in the travel industry by expanding its partnership with NFT ticketing company TravelX. The integration is called Ticket 3.0 and leverages NFTs on the Algorand blockchain.
Wolf Of Wall Street Makers On Path To Change NFT Market Forever
The producers of the 2013 film "The Wolf of Wall Street" are planning to release non-fungible tokens (NFTs) to capitalize on the movie's continued popularity. Red Granite Pictures, the company behind the film, hopes to gain revenue and intellectual property rights through the sale of NFTs based on iconic scenes and dialogues from the movie. This move could potentially serve as a blueprint for other producers of movies and OTT content to explore NFT-based business opportunities. Alongside the NFT release, Red Granite Pictures is also planning Wolf of Wall Street-themed parties and other NFT-based initiatives. The Wolf of Wall Street is widely acknowledged as one of the most impactful Wall Street-based films, with Leonardo DiCaprio's character's dialogue on stock trading being a popular reference point online.
Loopring Slides 20% In 5 Days Despite NFT Red Packet 2.0 Launch
The price of Loopring's LRC token has dropped around 20% in the days following the announcement of the launch of non-fungible token (NFT) Red Packet 2.0. The feature allows users to transfer ERC-20 tokens and NFTs adapted to the ERC-1155 standard, offering more flexibility than the popular ERC-721 standard. Loopring's platform allows for decentralized exchange using zkRollups on Ethereum, providing lower fees than transacting on the Ethereum mainnet. Despite positive reception from the Loopring community, LRC prices have continued to decline, trading at $0.338, down 20% from April highs. However, the token has more than doubled from December 2022 and is up 30% from March 2023 lows. (newsbtc)
NFT Sales Increase Nearly 8% Despite Crypto Market Volatility, Bored Ape Yacht Club Emerges as Top-Performing Collection
Despite the recent volatility in the crypto market, non-fungible token (NFT) sales have increased by nearly 8% over the past week, totaling $181.82 million. Ethereum-based NFT sales saw a slight drop of 1.75%, while Solana-based NFT sales surged by 88.19%.
Non-Fungible Token Sales Spiked This Week Despite Crypto Market Volatility
Non-fungible token (NFT) sales have shown resilience amidst a turbulent week for the crypto market, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. There has also been an increase of 41% in NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week. The Ethereum blockchain contributed a significant portion of the total sales, amounting to $124.7 million, while $22.66 million came from the Solana blockchain. Bored Ape Yacht Club emerged as the top-performing NFT collection this week, with sales reaching $16.38 million. Cryptopunk continues to dominate the NFT market, with the highest floor value followed closely by Bored Ape Yacht Club. Notable NFT collections that have experienced a double-digit floor rise include BAYC, Mutant Ape Yacht Club, Autoglyphs, and the Captainz.
Blockchain for Esports: Monetizing a Digital-Native Community
By leveraging blockchain technology and NFTs, esports teams can create unique and engaging experiences for their fans, deepening loyalty and strengthening their communities. As the esports and Web3 industries continue to evolve, organizations that embrace these new technologies and apply them innovatively will likely be at the forefront of shaping the future of digital entertainment and community engagement.
A Whale Purchased 46 MAYC NFTs for 527 ETH, Raising the Floor Price by 1 ETH in the Past Hour
April 23 (Cointime) - Renowned NFT trader Cirrus posted on social media that a whale had purchased 46 Mutant Ape Yacht Club (MAYC) NFTs for 527 ETH (approximately $975,000), causing the floor price to rise by 1 ETH in the past hour. The same address also purchased over 60 Doodles NFTs at an average price of 2.3 ETH, raised the bid to 2.61 ETH, and then sold them for a profit of 12 ETH.
NFTs in Music: Exploring the New Frontier of Fan Engagement and Revenue Streams
As the music industry continues to undergo digital transformation, NFTs have emerged as a game-changer with the potential to revolutionize the way music is created, distributed, and consumed.
BAYC Creator Yuga Labs Emerges Victorious In Copyright Case
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has won a pre-trial summary judgment in its trademark infringement case against Ryder Ripps and Jeremy Cahen. The RR/BAYC NFT collection contained identical copies of Bored Apes and used marketing material similar to that of BAYC. The court found that the duo utilized BAYC trademarks without Yuga Labs' consent, potentially causing confusion amongst buyers. The court ruled that Yuga Labs was entitled to an injunction and damages, which will be determined during a trial. Yuga Labs had initially asked for $200,000 in statutory damages, but this claim was dismissed. The BAYC creators described the judgment as a win for the entire Web3 industry.
