Welcome to the weekly summary of hot events in the Non-Fungible Token (NFT) ecosystem, brought to you by NFTScan, the NFT infrastructure.
Period: November 18, 2024 - November 24, 2024
NFT Hot News
01/ Magic Eden Announces ME Token Economic Model: Total Supply of 1 Billion, 12.5% for Initial Airdrop at TGE
On November 18, the NFT marketplace Magic Eden Foundation announced the token economic model for the ME token. The total supply of ME is 1 billion, with over half allocated to the community. At the time of the Token Generation Event (TGE), 12.5% of ME will be used for the initial airdrop (fully unlocked at TGE); 37.7% will be allocated to the community and ecosystem; 26.2% will be allocated to contributors; and 23.6% will be allocated to strategic participants.
02/ McDonald's Official Twitter Updates Background to Doodles Theme
On November 19, McDonald's updated its official Twitter background to a Doodles theme. Foresight News previously reported that the fast-food giant McDonald's and the NFT brand Doodles have partnered to launch a co-branded coffee and collectibles.
03/ Lumoz Launches OG NFT Claim and NFT Trading Function
On November 19, the modular computing layer & RaaS platform Lumoz announced that its OG NFT claim was officially open to eligible users at 4:00 PM on November 19. After claiming the NFT, users can freely list and trade it on NFT trading platforms like AlienSwap. Through the Lumoz OG NFT, users can directly exchange esMOZ 1:1 for MOZ on the mainnet launch, without any lock-up period. Lumoz OG NFT comes in three different rarity levels, each corresponding to a different exchange amount.
04/ Shaquille O'Neal Signs $11 Million Settlement for Astral NFT and Galaxy Token Lawsuit
On November 19, according to DLNews, former NBA star Shaquille O'Neal signed an $11 million settlement agreement for the Astral NFT and Galaxy token lawsuit, covering the plaintiffs' legal fees and cash payments to NFT and token purchasers. The settlement is currently pending court approval.
05/ Zereborn NFT Collection Floor Price Surges 71x in a Week, Reaching 7.155 SOL
On November 19, the Zereborn NFT collection, an AI-generated series launched on Solana a week ago, saw its floor price surge to 7.155 SOL, a 71x increase from the 0.1 SOL mint price. To date, the total trading volume of Zereborn has reached 19,928 SOL, and the ZEREBRO token market cap has exceeded $400 million.
06/ Vitalik Bridges 32 ETH to Base Chain and Mints 400 PatronNFT
On November 19, according to Peckshield monitoring, the vitalik.eth address has bridged 32 ETH from the Ethereum mainnet to the Base network and minted 400 Oracle Patron NFTs.
07/ Truemarkets Raises Over $4 Million Through Public NFT Sale, Vitalik Spends 32 ETH on Minting
On November 22, according to The Block, the decentralized prediction market Truemarkets raised over $4 million through a public NFT sale, collecting $4.03 million from the sale of 15,071 NFTs at a minting cost of 0.08 ETH (around $250) per NFT. Ethereum co-founder Vitalik Buterin purchased 400 of these NFTs, spending a total of 32 ETH (around $107,000). Truemarkets has two types of NFTs: Oracle Patron NFT and Truth Seeker NFT. NFT holders are eligible to claim the upcoming TRUE token in the platform's token generation events.
08/ Wifdog NFT Collection Floor Price Surges 273.9% to 0.258 SOL
On November 22, the Solana NFT collection Wifdog saw its floor price rise to 0.258 SOL, a 273.9% increase from the 0.069 SOL mint price. The project also stated that 50% of the minting revenue will be used to help animals find homes through the Best Friends program, 30% will be used to buy back WIF tokens and redistribute them to holders, and the remaining SOL will be used to cover platform fees.
09/ Mint Blockchain Launches "Mint Big Bang" Mainnet Event with 1 Million $MINT Prize Pool
On November 22, Mint Blockchain has launched a new large-scale mainnet event called "Mint Big Bang", running from November 18, 2024, to January 18, 2025, with a total prize pool of 1 million $MINT. Participation methods include inviting friends to join Mint Forest 3.0, cross-chaining ETH to the Mint mainnet, and completing designated social tasks. Participants can earn rewards ranging from 200 to 10,000 $MINT, depending on their contribution level. Mint Blockchain hopes this event will strengthen community consensus and inject more vitality into the ecosystem, marking a new chapter in the development of Mint Blockchain.
10/ NFT Trading Volume Reaches $161.47 Million in the Past 7 Days, Down 9.3% Week-over-Week
On November 24, according to News.bitcoin, the NFT trading volume in the past seven days reached $161.47 million, down 9.3% from the previous week. Ethereum-based NFTs dominated with $51.81 million, followed by Bitcoin NFTs at $44.48 million. However, Ethereum-based NFT sales declined by 22.27%, and Bitcoin NFTs followed with a 26.07% drop. Solana NFTs bucked the trend, increasing by 6.79% to $25.88 million.
NFT on-chain data
01\ Overview of Multi-Chain NFT Data
As of November 25, 2024, NFTScan currently supports 25 mainstream blockchain networks, including Bitcoin, Ethereum, BNB Chain, Polygon, Solana, Mint, Avalanche, Arbitrum, Optimism, zkSync, Sei, Starknet, Aptos, Mantle, Linea, Base, TON, Blast, Gravity, Scroll, Viction, Fantom, Moonbeam, PlatON, and Cronos, generating:
NFT Contract Quantity: 5,195,969
NFT Asset Quantity: 2,294,391,147
NFT On-Chain Record Quantity: 7,694,267,698
NFT Total Market Value: $29,815,885,243
NFT Total Historical Trading Volume: $107,345,412,362
02\NFT Trading Market Trends
This week: OpenSea dominates the market, with the overall trading volume reaching its peak on November 22 at 8.861 million USD at 0:00. NFTScan has recorded 233 trading markets, with a 7-day total trading volume of $102.9M. This week, OpenSea ranked first in trading volume, with a stable market distribution. The top six trading markets and their respective shares are:
OpenSea: $33,219,619 (32.28%)
Blur: $25,567,284 (24.85%)
Element: $14,707,263 (14.29%)
CryptoPunks: $9,580,458 (9.31%)
Tensor: $5,686,979 (5.53%)
MagicEden: $5,236,754 (5.09%)
03\Top Blue-Chip NFT Trends
Currently, the total market value of 19 blue-chip contracts is 799,240 ETH, accounting for 20.84% of the total NFT market value.
This week: The total trading volume of blue-chip NFTs was 10.33k ETH, while the total market trading volume was 19.82k ETH, reaching a peak of around 2,587.78 ETH on November 22 at 00:00.
04\Top 10 Wallets
NFTScan has analyzed the top 1,000 NFT holding value wallet addresses, and the current top 10 are as follows:
Top1 Wallet:
0xab14624691d0d1b62f9797368104ef1f8c20df83
This wallet address holds 4,815 NFTs (including 3 NFT Collections), with a current asset value of 64,785 ETH ($219,134,628.18) and 7,459 interactions.
05\Top 10 Non-Fungible Token Projects Ranking
The top 10 most popular and highest-trading Non-Fungible Token projects on the Ethereum network are as follows:
This week, CryptoPunks ranked first, with the floor price remaining stable at around 37.69e last week, and a 7-day trading volume of 2,834e; Pudgy Penguins ranked second with a trading volume of 2,460e, and the current floor price is 11.6e; BAYC ranked third with a trading volume of 1,975e, and the current floor price is 12.1e; the trading volume and floor prices of most blue-chip Non-Fungible Tokens have shown a downward trend overall.
06\Hot Non-Fungible Token Updates
The hot Non-Fungible Token this week is the CryptoPunks series:
Data shows that the current floor price is stable at 37.69 ETH, the highest transaction price is 124,457.07 ETH, and the total trading volume on Ethereum has exceeded 1.3M ETH. Over the past 7 days, the trading distribution is mainly CryptoPunks: 2.83K(100%) ETH units, with 67 transactions.
