Welcome to the weekly summary of hot events in the Non-Fungible Token (NFT) ecosystem, brought to you by NFTScan, the NFT infrastructure.
Period: 2024.10.28~ 2024.11.3
NFT Hot News
01/ Decentralized AI data platform Codatta to release Codatta Genesis Pass on Mint mainnet
On October 28, according to official information, the Web3 project Codatta will release the Codatta Genesis Pass on the Mint Blockchain at 6 pm Beijing time on October 28. The Pass is an SBT NFT asset, with an initial limited edition of 1,000 pieces, targeting the true contributors who drive the development of the Codatta ecosystem. According to the official description, holding the Codatta Genesis Pass can unlock airdrops and benefits on the Codatta data platform, as well as participate in the Mint mainnet airdrop activities. Codatta is a decentralized data platform that connects AI developers with data creators to jointly train AGI.
02/ Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale, raising $67.7 million
On October 28, billionaire and top Silicon Valley investor Peter Thiel's Founders Fund announced that it has become an investor in Infinex's new "sponsorship" funding model. Infinex said the funding model will sell Patron NFTs to venture capitalists, angel investors, and the community, raising a total of $67.7 million. Other venture capital firms participating in the sale include Wintermute Ventures, Framework Ventures, and Solana Ventures, as well as angel investors such as Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov.
03/ Crypto artist Beeple: NFT speculators have left, only a core group of enthusiasts remain
On October 28, according to Decrypt, crypto artist Beeple (Mike Winkelmann) recently said in an interview that NFT speculators have left the market, leaving only a core group of enthusiasts "who understand the technology". "Looking back on that era, I think it's crazy because NFTs were hated for much longer than they were loved. We lost a lot of users, but those people were never there for the art, and I could see that from a mile away. The speculators have moved on, but people are still passionate about this stuff."
04/ MLS partners with Sweet to launch NFT platform MLS QUEST on Sui network
On October 29, Major League Soccer (MLS) in the US partnered with crypto collectibles company Sweet to launch a new NFT collectibles platform MLS QUEST on the Sui network. MLS fans and collectors will be able to mint video-based sports memorabilia on Sui, with these digital assets containing officially licensed broadcast clips from MLS and the MLS Players Association. Fans can trade, sell, gift, and use their badges to complete match tasks, upgrade, and unlock rewards.
05/ Magic Eden to support Abstract mainnet
On October 29, Magic Eden announced that it will support the Abstract mainnet after its launch, providing an issuance platform and trading market for the consumer-centric blockchain.
06/ Suilend to allocate SEND airdrop to Rootlets NFT series
On October 29, Sui ecosystem lending platform Suilend announced that it will provide grants to selected ecosystem projects and communities as the SEND TGE approaches. Rootlets will be the first project to receive the SEND airdrop allocation. Previously, Rootlets is an NFT series launched by the founder of Suilend, Rooter.
07/ NFT project Age of Zen operator My Road declared bankrupt
On October 31, according to BlockMedia, the operator of the NFT project Age of Zen (Aozen), which was suspected of being a rug pull, My Road, was declared bankrupt by the Seoul Bankruptcy Court on the 29th. The court stated that "the final dividend has been paid after the bankruptcy proceedings" and "the creditors have approved, and the bankruptcy is official".
08/ OpenSea integrates with base gaming ecosystem B3 Chain
On November 1, OpenSea announced that it has integrated with the base gaming ecosystem B3 Chain. B3 will provide a new venue for game developers and studios to deploy NFT collections and in-game assets within OpenSea. OpenSea CEO Devin Finzer said, "Adding B3 to OpenSea will fundamentally improve our users' Web3 gaming experience, allowing them to mint game items faster and more cheaply."
09/ Decentralized reputation network CreditOnChain has launched on Mint mainnet
On November 1, according to official information, the decentralized reputation network CreditOnChain, developed based on the Mint Blockchain, has gone live. CreditOnChain aims to build an on-chain reputation value system for Web3 consumers and provide decentralized reputation data services for developers. Currently, users can check their NFT asset on-chain reputation value through CreditOnChain, and the roadmap includes supporting the calculation of more types of crypto assets, with a focus on improving coverage for the RWA sector.
10/ Sui ecosystem MEME token HIPPO has airdropped to Rootlets NFT holders
On November 1, the Sui ecosystem MEME token HIPPO announced that it has airdropped 7 million HIPPO tokens to the holders of 3,333 Rootlets NFTs, with each NFT receiving approximately 2,000 HIPPO.
11/ NFT sales volume reached about $356 million in October, breaking the seven-month downward trend
On November 2, data showed that in October 2024, the NFT trading volume reached $356 million, up 18% month-on-month, breaking the seven-month downward trend. In addition, the total NFT trading volume also increased, with 7.2 million NFT transactions in October, up 42% from 5 million in September. The number of NFT transactions also increased, with 7.2 million NFT transactions in October, up 42% from 5 million in September. In addition to the monthly trading volume increase, the weekly NFT trading volume also hit a new high in October.
NFT on-chain data
01\ Overview of NFT multi-chain data
As of November 4, 2024, NFTScan currently supports 25 mainstream blockchain networks, including Bitcoin, Ethereum, BNBChain, Polygon, Solana, Mint, Avalanche, Arbitrum, Optimism, zkSync, Sei, Starknet, Aptos, Mantle, Linea, Base, TON, Blast, Gravity, Scroll, Viction, Fantom, Moonbeam, PlatON, and Cronos, generating:
Number of NFT contracts: 5,022,918
Number of NFT assets: 2,248,576,612
Number of on-chain NFT records: 7,438,617,137
Total market value of NFTs: $18,053,225,112
Total historical NFT trading volume: $106,949,815,394
02\NFT trading market trends
This week: OpenSea dominates the market, with the overall trading volume reaching its peak on November 2, with OpenSea's market reaching a high of $8.811 million at 0:00. NFTScan has recorded 233 trading markets with a 7-day total trading volume of $69.7 million. This week, OpenSea ranked first in trading volume, with a relatively stable market distribution, and the top six trading markets and their respective shares are:
OpenSea: $35,881,107 (51.45%)
Blur: $13,189,818 (18.91%)
Element: $5,510,900 (7.91%)
Tensor: $3,812,698 (5.47%)
MagicEden: $3,045,986 (4.37%)
Fragment: $2,824,651 (4.05%)
03\Trends of top NFT blue-chips
The current total market value of 19 blue-chip contracts is 626,081 ETH, accounting for 20.80% of the total NFT market value.
This week: The total trading volume of blue-chip NFTs was 2.93k ETH, and the total market trading volume was 9.79k ETH, reaching a peak of around 662.3 ETH on October 29 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 Non-Fungible Tokens (including 3 NFT Collections), with current assets of 64,785 ETH ($159,596,556.73) and 7,459 interactions.
05\NFT Project Ranking
The top 10 most popular and highest trading volume Non-Fungible Token projects on the Ethereum mainnet are as follows:
This week, Pudgy Penguins ranks first, with a floor price of around 8.87e and a 7-day trading volume of 840e; Bored Ape Yacht Club ranks second with a trading volume of 735e and a current floor price of 10.8e; Milady ranks third with a trading volume of 550e and a current floor price of 4.475e; most blue-chip Non-Fungible Tokens have seen a downward trend in overall market trading volume and floor price.
06\Hot Non-Fungible Token Express
The hot Non-Fungible Token this week is the Pudgy Penguins series:
According to Gamesbeats, Pudgy Penguins will partner with Mythical Games to launch a Web3 mobile (iOS & Android) game called Pudgy Party next year.
Data shows that the current floor price is stable at 8.84 ETH, the highest transaction price is 420 ETH, and the total trading volume on Ethereum has exceeded 418.7k ETH. Over the past 7 days, the trading distribution is mainly Blur: 768.27 (95.59%); OpenSea: 35.47 (4.41%) in ETH, with a total of 105 transactions.
