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GM. Let's get right into it.
Today we cover:
🍇 Market Update: The Grapes launches
🇺🇸 Daily alpha: We summarize PROOF’s NFT countdown
✈️ ANA the airline soars into NFTs
🎙️ Big debate over Play-to-Earn.. is it the future of games? (or NOT)
Market Update
The five top traded NFT collections of the past day are:
Bored Ape Yacht Club (4022 ETH vol)
Azuki (2356 ETH vol)
Mutant Ape Yacht Club (1168 ETH vol)
Opepen Edition (662 ETH vol)
The Captainz (497 ETH vol)
Azuki, Opepen and The Captainz floor prices have been rising steadily on the back of real organic volumes, while BAYC/MAYC have been stagnant (volumes likely related to Blur points farming)
Two new collections shot onto the market with decent volume:
FF6000 (launched by Ben.eth, a known grifter. We would avoid this)
The Grapes (launched by VIKER, a cross-media, family-friendly entertainment IP that transcends Web3 with gaming, TV). Sounds grape, doesn’t it?
Daily Summary: PROOF’s NFT Countdown
We’re huge fans of PROOF’s daily NFT countdown show. But we know that many people don’t have time to watch the full 10-minute show on YouTube every single day. So here we breakdown the essentials for you so you don’t miss any alpha:
1 June 2023:
SpiritDAO Launches DAO Comic: SpiritDAO successfully launched their DAO Comic NFT, which sold out quickly. The holders of the NFT will receive a 40-page comic book that brings Azuki to life. The NFT also doubles as an equippable trait in the Azuki collector's profile.
Fewocious PFP: Fewocious, a well-known digital artist, revealed their upcoming drop of 20,000 unique characters in August, known as "Fewos". These characters are part of the Paint project and are created through a cosmic explosion of paint. It’s also using the new ERC-6551 “backpack” token standard The characters can redeem for flowers, which will mint into fashion objects or digital collectibles.
Notable Sales: A 1-of-1 piece from the Visualized Value collection by Opepen sold for 30 ETH, marking the highest value trade ever for Opepen. There’s been a decline in Art Blocks volumes lately
All Nippon Airways Soars Into NFTs
All Nippon Airways (ANA), that big-time Japanese airline, has just done something no other airline has done before. They've launched their very own NFT marketplace, the "ANA Granwhale NFT Marketplace." Talk about flying high in the digital world!
The first items up for grabs? From 30 May: NFTs by Luke Ozawa, an aviation photographer who snaps stunning shots of ANA planes and beautiful Japanese landscapes. Buyers can pay with both MetaMask wallets and credit cards.
While ANA might not be the first airline to dip its toes into the NFT world, they're the first to create a full-blown NFT marketplace with aviation-themed content and a matching metaverse experience. It's like they're serving up first-class digital experiences!
The second collection is coming in on June 7. It'll feature NFTs of two digital 3D airplanes, including the specially painted Boeing 787, which ANA introduced as a global launch customer in 2011.
Hard to say if these NFTs will take off in the current market sentiment, but props to ANA for venturing out here.
Today's News & Coolest Tweets
News
Sotheby’s to auction more 3AC NFTs, including the highly-sought after “The Goose” (Previously sold for $5M+)
Nike’s .SWOOSH partners with EA sports for its digital sneakers
Gaming
🐥 Play to Earn as the standard for future video games?
Within the next 5 years, the majority of gamers won't play games unless they are being properly valued for that time.
The model is called "play-to-earn" and it will become standard for video games in the future.
Let’s talk about why ↓
— Alexis Ohanian 🧠 (@alexisohanian)
3:00 PM • May 31, 2023
🐥 BUT… a spicy counter take against Play-to-Earn
I fundamentally don't understand the premise of play-to-earn and the presumption that gamers want to get compensated for their time.
I want to compensate YOU, the gamemaker.
I want to pay you $500 for:
- a console
- two copies of Zelda
- the right to paraglide down from a… twitter.com/i/web/status/1…— jonwu.eth (@jonwu_)
4:55 PM • Jun 1, 2023
Others
🐥 The bull case for Bitcoin Ordinals
1. The value of all ERC-721 NFTs is 66x higher than the value of all Ordinal Inscriptions.
2. The liquidity on Bitcoin is 2.3x of Ethereum.
3. The NFT market is at a local bottom.
We are early.
— Leonidas.og (@LeonidasNFT)
6:15 PM • Jun 1, 2023
🐥 Creative way to do private sales on Blur
Pink drainer has learned how to hack his way into enabling private sales on Blur.
Normally, Blur doesn't offer private listings. Any listing you create is open to be fulfilled by anybody.
But lately, Pink has been buying items for 0 eth on Blur. How?
1/🧵— quit (@0xQuit)
8:48 PM • Jun 1, 2023
Upcoming Mints
🍿 Mercedes-Benz NFT will launch NFT collection on 7 June
1/ After months of work, we’re happy to be able to offer some insight into the first three core collections of Mercedes-Benz NXT 🧵
— Mercedes-Benz NXT (@MercedesBenzNXT)
3:53 PM • May 24, 2023
🍿 Peter Schiff (!!) is doing an NFT project, auction begins on 2 June
I'm pleased to announce an art project with one of my favorite artists, Market Price. This collaboration features the original painting “Golden Triumph” as well as a series of prints and Ordinals inscribed on the #Bitcoin blockchain. For information go to 1marketprice.com/golden
— Peter Schiff (@PeterSchiff)
9:34 PM • May 26, 2023
🍿 A collection weekly NFT newsletter. Launches 2 Jun
📱 Introducing @floor DRiP.
A new collectibles channel on @drip_haus.
📈 Every week, Floor will be sharing the latest NFT trends and content, directly to your wallet.
⏰ Genesis sign-ups open for only 24 hours TOMORROW:
June 2 at 10am PT.
More 👇
— DRiP 💧 (@drip_haus)
11:01 PM • Jun 1, 2023
That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). If you found this newsletter helpful, imagine how much your friends will love you if you forwarded it to them. 🥹
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Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.