Latest NFTs News This Week

Last updated:04/21/2022
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Here’s a rundown of some top NFT events over the past week—from NASA astronaut launching NFTs to support Ukraine to Coinbase producing animated short films featuring Bored Apes.

NASA Astronaut Releases NFTs to Support War-torn Ukraine

Retired NASA astronaut and crypto enthusiast, Scott Kelly, has become the latest public figure to jump on the NFT bandwagon. Kelly, who spent nearly a year at the International Space Station from 2015 to 2016, has released a series of NFTs to support relief efforts in war-torn Ukraine.

 

Titled “Dreams Out of This World,” the collection was launched on Monday to mark the International Day of Human Space Flight. The 3,333 digital collectible artworks are also available to purchase on OpenSea, with each piece depicting an image of the astronaut in different locations and with several visual attributes. Speaking to reporters, Kelly said:

“I’m a big believer in technology. I was really interested in cryptocurrencies and the blockchain—not early enough, but at least the last few years […] I just look at this form of technology as another way to explore. In this case, it’s exploring the metaverse and virtual worlds.”

 

Describing his NFT collection, Kelly said that “they’re digital representations of the dreams and the thoughts I’ve had when I was in space.” Meanwhile, all net proceeds from the sale will go to the Global Empowerment Mission, a nonprofit that is currently providing aid in Ukraine amid its ongoing crisis with Russia.

 

Apart from the standard NFT drop of 3,333 collectibles, Kelly will also hold three auctions for single-edition pieces that will be accompanied by real-life space gear and memorabilia. One of the items paired with one of Kelly’s worn spacesuits will start at 3 ETH (about $9,150), another with space globes will start at 2 ETH ($6,100), and the third which has his command cap will start at 1 ETH ($3,050).

 

Taking a look at Nansen’s dashboards, we see that volume peaked when the collection launched, hitting highs of 125 ETH as 1-hour volume, with over 2,000 transactions and ~850 unique buyers.

 

There are over 1,600 unique addresses holding the NFTs where 68% of them are only holding 1 NFT.  While it’s still too early to form any conclusive statements, these are interesting metrics to keep an eye on to get a sense of how optimistic/pessimistic the holders are in time to come.

 

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Coinbase Produces Animated Short Films Featuring Bored Apes

Bored Ape Yacht Club, currently the most valuable NFT collection to date, is expanding into the entertainment world with a series of animated short films, courtesy of cryptocurrency exchange Coinbase.

 

According to the exchange, the first installment of the three-part series titled “The Degen Trilogy” will premiere in June at NFT.NYC. The remaining two entries will hit the screens over the next year.

 

The plot of The Degen Trilogy will reportedly be set in a chaotic Midtown Manhattan, with the prologue explaining that:

“As the old system crumbles, whole new realms spring forth from the ashes. […] Enter the Degens. A new class of social adept, versed in the constantly re-invented tools of an ever-accelerating economy.”

 

The trilogy will feature characters from the Bored Ape Yacht Club (BAYC), a collection of 10,000 ape NFTs. It will also include plot contributions from both ape and non-ape members of the NFT community. Particularly, owners of Bored Apes are encouraged to submit their apes for consideration to feature in the trilogy, along with personal fictional character descriptions for their Apes.

 

“We’ve been inspired by the Bored Ape Yacht Club community and excited to invite them to co-create this film with us,” said Coinbase’s Entertainment & Culture Marketing Director, William Swann, in a release.

 

It is worth mentioning that although the creators of BAYC (Yuga Labs) will have a say on the film’s approval, it is not directly involved in the production. Consequently, the films will be “wallet-gated” on the Coinbase website and potential viewers will need to create a Coinbase wallet before they can watch the movie.

 

This is not the first time that Bored Apes will feature outside the BAYC ecosystem. Last week, a California-based restaurant inspired by the popular collection made its debut. Similarly, Universal Music Group (UMG) recently purchased an Ape for $360,000 for its NFT band Kingship.

 

NFT-500 Index Fell 3% Over the Past 7 Days

The top 500 NFTs on Ethereum are seemingly tracking the broader crypto markets in recent weeks. The two markets had nice moves upwards in March but have since slowed down and lost momentum. Most collections in the top 10 are down the last 7 days, with two outliers (MAYC and CloneX) seeing a 4% increase in their floor price.

 

Despite the cooling, one trend is clear: Social NFTs are by far the largest segment and have made the strongest progress over the past month.

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