CoinMarketCap and Nansen looks at some of the most exciting events in the NFT space — from GameStop's NFT marketplace with Loopring, to UMG purchasing a Bored Ape for its virtual band.
Finally, keep an eye on the links that you click because there may be a hacker lurking around to steal your NFTs.
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NFT Market Rebounds 24% in 2 Weeks
However, taking a deeper look at the individual categories, it’s clear that this bounce is a market wide occurrence and is being led by “Social” and “Metaverse” NFTs. Examples of “Social” NFTs include BAYC, Azuki, CryptoPunks and examples of “Metaverse” NFTs include NFT worlds, and Meebits.
Floor prices of the largest collections have mostly seen nice moves up in the last 7 and 30 days.
BAYC Goes to Hollywood, Signs With WME Talent Agency
While the Milky Pirates are setting a record as the first NFT band to perform on national television, another NFT project is breaking into Hollywood.
On Monday, WME along with CAA and others signed the NFT group, whose pseudonymous identities are represented by Bored Apes #309 and #4321 also known as zETH and ETHan, respectively. Following the partnership, Escapeplan will be working with the agency across bookings, endorsements and other projects using their IP.
The signing trails earlier news that electronic musician Dillon Francis would be accepting Bored Ape #378 as partial payment in a deal with Big Night Entertainment, the brand that manages Escapeplan.
“I had to have an Ape so that I could be in the music videos with Escapeplan […] Things change so quickly in Web3 that I think that in six months from now, the world is going to be completely different.”
DeFiance Capital Founder Loses $1.7M in NFTs to Phishing Scam
As malicious actors continue to target high-value NFTs, Arthur Cheong, the founder of DeFiance Capital, is one of the latest to fall victim. $1.7 million worth of NFTs was reportedly stolen from his crypto wallet on Tuesday morning.
Surprisingly, Cheong is no stranger to the crypto space. He has been quite active in the industry in the past 5 years. His private key was compromised after he clicked on a malicious link masquerading as an email from one of DeFiance Capital’s portfolio companies. Cheong tweeted:
The hackers behind this sophisticated social engineering attack used a malicious PDF document that seemingly targets the general crypto industry.
NeoNexus NFT Project Pulls the Plug After Raising Around $4 Million
“It is with a heavy heart that we must inform you that we can no longer continue healthy development of the NEONEXUS project. We would like to hand over the project to our community, or a community-selected party for takeover if that's feasible/possible.”
A few months ago, NeoNexus, which made a promise of planned utility and a governance token to users, raised around 25,000 SOL from selling over 4,000 “property NFTs.” Even though the value of SOL has dropped by over 50%, at the time of mint, the project generated between $3.5 and $4.5 million.
In a Discord post, Shi claimed that the funds from mint were used to pay business fees, wages, and taxes, adding that 20 staff members from the parent company, Unlock Defi, had already been laid off.
“It has been incredibly difficult trying to grow and continue our project in this ecosystem and market conditions where the price of SOL has dropped so much and the activity, volume, and interest in the entirety of the Solana NFT space has decreased.”
In the case of Pixelmon, the team tried to calm investors by saying it will spend a meager $2 million out of the $70 million raised to remodel its designs. However, this may not also happen as there have been accusations that the team had spent the capital on personal NFT purchases.
Universal Music Group Buys Bored Ape for Nearly $365K
A new member has been added to the Kingship NFT band following a $365k Bored Ape purchase by Universal Music Group (UMG). 10:22PM, the Web3 label of UMG, had in November announced its plans to turn Bored Apes into a virtual band called Kingship. The firm has now purchased its own Bored Ape to push that initiative.
The Bored Ape in question is wearing a blue dress and a pilot’s hat and has white fur. It will be used to create a character nicknamed “Manager Noët All,” who will be leading 10:22PM’s Kingship NFT band as its manager. This brings the total number of apes in the band to five.
GameStop Launches NFT Marketplace With Loopring
“We’re thrilled to announce the GameStop NFT Marketplace has taken its first steps to welcome users. And it is built atop Loopring!”
Dubbed “Power to the Players,” GameStop will tap on Loopring’s L2 non-custodial decentralized exchange to facilitate transactions. The auto money maker is based on the and can process up to 2,000 transactions per second.
GameStop is hoping that its new NFT marketplace will become the “destination for new global digital economies.” As per the blog post, users will be able to mint new NFTs directly on Loopring for less than a dollar.
In the meantime, users can enjoy early access to the beta site, set up their profiles, and make deposits while waiting for the full launch of the official marketplace.