Welcome to the weekly summary of the hottest Non-Fungible Token (NFT) ecosystem events brought to you by NFTScan, the NFT infrastructure.
Period: October 14, 2024 - October 20, 2024
NFT Hot News
01/ NFT artist DeeKay responds to wallet hacking incident: "The thief" is someone very close to him, and he can recover the lost assets
On October 14, NFT artist DeeKay stated that he has identified the identity of the thief who breached his wallet and stole all his assets except the NFTs. DeeKay pointed out that the person is someone very close to him, who had access to his handwritten seed phrase, so this was not a hacking attack involving Google Drive, malware, or similar. However, he cannot disclose all the details. Previously, it was reported that NFT artist DeeKay's wallet was hacked, and all his assets except the NFTs were stolen.
02/ PancakeSwap burns approximately 8.89 million CAKE, worth around $16 million
On October 14, PancakeSwap announced that it had just burned 8,889,897 $CAKE, worth approximately $16 million. This includes 900 CAKE (around $1,700, up 715%) from the NFT marketplace.
03/ Mint Blockchain receives a strategic investment of 750,000 OP (worth $1.35 million) from the Optimism Foundation to develop the NFT ecosystem
On October 15, according to the official announcement, Mint Blockchain has achieved another important breakthrough. In the latest Cycle 28 of the Optimism Grant, Mint Blockchain became the only Superchain approved by the OP Grant Committee and successfully received a funding support of 750,000 OP (worth $1.35 million). Recently, Mint has passed the Optimism Superchain governance plan and become the first Superchain network to participate in the OP ecosystem governance through the Chain Delegation Program.
The 750k OP funding will be used for Mint ecosystem developer incentives and the introduction of new users, further promoting the NFT innovation and application popularization of the Mint Blockchain and Superchain ecosystem, and building a more enriched NFT ecosystem. The specific incentive plan will be announced soon, aiming to provide more support for developers and guide them to deploy new assets and develop featured applications on Mint.
04/ LINE NEXT's NFT project DOSI faces controversy for allegedly ignoring wash trading activities
On October 16, according to News1, the NFT project DOSI of Line Next, the NFT subsidiary of the Japanese communication giant Line, is facing controversy for allegedly ignoring wash trading activities. On October 10, during a DOSI AMA session, a participant raised a question, accusing the project of ignoring the wash trading behavior of some large-scale traders in an activity aimed at rewarding trading volume. Although DOSI's reward for high-volume traders seems reasonable, the community has criticized the lack of response to these growing concerns about wash trading. Some investors have posted about detecting signs of wash trading, and such reports have been increasing since last month. In response, LINE NEXT stated that it has established a system to detect and prevent suspicious transactions.
05/ Solana-based memecoin project Wukong launches a Telegram mini-game, allowing players to win NFT whitelists and token rewards
On October 16, according to the official announcement, the Solana-based memecoin project Wukong has officially launched a Telegram mini-game. Players can win NFT whitelists by inviting 5 friends, and also increase their computing power. After the NFT Mint is completed, mining will be initiated. Wukong NFT whitelists enjoy the highest NFT discounts and receive 1,500 Wukong tokens. The Telegram mini-game channel will release a maximum of 1,500 whitelists, on a first-come, first-served basis.
06/ The latest round of PTR testing for the Web3 game Seraph will start today at 11:00 (UTC+8)
On October 17, the latest round of PTR testing for the large-scale Web3 game Seraph will officially start at 11:00 (UTC+8) today. Players can obtain the PC or Android download links through the Seraph official website to experience the game. During this PTR test, Seraph will also launch an event called 'RUSH Season1', where players can complete tasks to obtain "Starry Grace Feathers" and mint them as NFTs. These NFTs can be used for trading or future token airdrop rewards. All participation in the activities and minting of Grace Feathers require the use of the ActPass wallet.
07/ Solana-based Wukong opens whitelist verification and token points redemption, and will take snapshots of well-known Solana-based MEME coins and NFT communities
On October 18, according to the official announcement, the Solana-based Wukong has opened the functions of whitelist verification and token points redemption. The official reminds that the users who won the whitelist lottery and the players who won the whitelist in the Telegram game need to go to the official website to verify the whitelist and claim the token points as soon as possible. Before the token launch, the token points will support a 1:1 withdrawal to Solana-based tokens. It is reported that the KOL and community lottery whitelist will receive 5,000 tokens, and the Telegram game whitelist will receive 1,500 tokens. Wukong NFT will be minted at 22:00 (Singapore time) on October 23, with a total of 10K.
08/ EthOS launches the dGEN1 hardware device for Ethereum on-chain interaction
On October 18, according to The Block, the Ethereum-based operating system ethOS has launched dGEN1, a hardware device for interacting with on-chain dApps and running light clients. The dGEN1 device can be pre-ordered by minting an NFT on the Layer 2 network Base, priced at 0.2 ETH ($520). The company expects to ship these devices in the second quarter of 2025. So far, about 630 users have minted the NFT. Device owners will receive airdrop rewards upon delivery of the dGEN1, with each owner entitled to an equal share of the airdrop pool.
09/ Data: Ethereum's NFT sales volume exceeded $33 million this week, up 31.7% from the previous week
On October 19, data shows that Ethereum was the blockchain with the highest NFT sales volume this week, reaching $33.61 million, up 31.7% from the previous week; Bitcoin ranked second in NFT sales volume this week, reaching $21.41 million, up 35.6% from the previous week; Solana ranked third in NFT sales volume, with $16.69 million, up 40.87%.
Additionally, the highest-priced NFT sold this week was an Uncategorized Ordinal, which sold for $4.55 million; the second-highest-priced NFT was the Tokenvestingplans NFT based on Ethereum, which sold for $913,526.
10/ Yuga Labs' NFT series sees a rebound, with BAKC floor price up over 24% in 24 hours
On October 20, according to market data, the floor prices of Yuga Labs' NFT series have rebounded, with BAYC floor price currently at 12.38 ETH, up 9.37% in 24 hours; MAYC floor price at 2.14 ETH, up 18.4% in 24 hours; BAKC floor price at 0.38 ETH, up 24.35% in 24 hours; and Otherside Koda floor price at 0.99 ETH, up 23.91% in 24 hours.
NFT on-chain data
01\ Overview of NFT multi-chain data
As of October 21, 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 count: 4,901,472
NFT asset count: 2,209,976,802
NFT on-chain record count: 7,305,836,179
NFT total market value: $22,243,668,235
NFT total trading volume: $106,800,871,349
02\NFT trading market trends
This week: OpenSea dominates the market, with the overall trading volume reaching its peak on October 18, with OpenSea's market volume peaking at $21.822 million at 0:00. NFTScan has recorded 233 trading markets with a 7-day total trading volume of $131.5 million. This week, OpenSea ranked first in trading volume, and the market trading volume distribution was relatively stable. The top six trading markets and their market share distribution are:
OpenSea: $84,214,917 (64.06%)
Blur: $20,626,800 (15.69%)
Element: $7,230,819 (5.49%)
MagicEden: $5,899,882 (4.44%)
Tensor: $3,218,720 (2.45%)
Fragment: $2,322,367 (1.76%)
03\Top NFT Blue Chip Trends
The current total market value of 19 blue-chip contracts is 685,274 ETH, accounting for 21.25% of the total NFT market value.
This week: The total trading volume of blue-chip NFTs was 5.69k ETH, and the total market trading volume was 14.44k ETH, reaching a high of around 1977 ETH as of 00:00 on October 20.
04\TOP 10 Wallets
NFTScan analyzed the top 1000 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 current assets of 64,785 ETH ($171,824,080.39) and 7,459 interactions.
05\NFT Project Ranking
The top 10 most popular and highest-trading Non-Fungible Token (NFT) projects on the Ethereum network are as follows:
This week, BoredApeYachtClub ranked first, with the floor price rising to around 13.3e last week, and a 7-day trading volume of 2,057e; PudgyPenguins ranked second with a trading volume of 1,356e, and the current floor price is 9.75e; Milady ranked fourth with a trading volume of 1,127e, and the current floor price is 5.115e; the overall market trading volume and floor prices of most blue-chip NFTs are showing a warming trend.
06\Hot NFT Express
This week's hot NFT is the BAYC series:
According to the data, the floor price of the Yuga Labs series NFTs has rebounded, and the current floor price is stable at 12.85 ETH, with the highest transaction price of 1080.69 ETH. The total trading volume on Ethereum has already exceeded 1.9M ETH, and the trading distribution in the past 7 days is mainly Blur: 1.59K (80.93%); OpenSea: 339.61 (17.30%); X2Y2: 34.65 (1.77%) in ETH, with a total of 175 transactions in 7 days.
