NFT
After the sales stats of the major non-fungible token (NFT) hit yearly lows last month, there is some recovery in the market. In this article, we will shed some light on recent developments in the NFT space.
While the wider community focused on meme coins and airdrops, the NFT space remained relatively quiet. But is the market trying to initiate a recovery?
Recovery in key stats
Last month, BeInCrypto reported that key NFT metrics such as trading volume and sales were at annual lows. While there isn’t much of a significant improvement yet, the stats indicate that the streak of new daily lows has been broken.
The screenshot below shows that the number of sales hit a new low on a daily basis. However, on Wednesday, the sales count was finally higher than the previous day’s count. Currently, there are more than 14,000, which still cannot be considered high in a broader time frame.
Source: Dune
Similarly, NFT trading volume has also stopped making lower lows daily. On Wednesday, the trading volume on various marketplaces was 13,150 Ethereum (ETH).
Source: Dune
DeGod records a sale of $130,000
While the main NFT metrics are recovering, the DeGod collection recorded the highest trade. According to data from NFTGO.io, DeGod #5996 sold for 70 ETH (approximately $130,000) on the Blur marketplace yesterday.
The latest data from Dune says that the average sale size on the Blur marketplace is 6,309 ETH. Therefore, the sales of DeGod #5996 are about 11 times more than the average sales size.
Jeremy Cowart’s AURAS NFT Collection
On Tuesday, photographer Jeremy Cowart created the AURAS NFT collection. He performed in front of a live audience in Nashville to create 10,000 unique NFTs in 20 minutes.
According to the official website, the photographer created the collection without the use of generative code or artificial intelligence. Cowart has not yet announced the price of the NFTs, and the collection will go live on OpenSea on May 9.
adidas Gold Ticket
Adidas, the sneaker brand that dives deep into the Web3 industry, has launched a Golden Ticket NFT. The NFT will be broadcast to the winners of a lottery competition hosted in the Adidas CONFIRMED app.
The Indigo Herz Twitter account has announced that the Adidas Golden Ticket holder can use it to get a guaranteed allocation on every hype drop in the coming year.
AlienSwap Raises $12 Million Despite NFT Crypto Winter
The NFT marketplace and aggregator AlienSwap announced that they have raised $12 million in a strategic round led by NEXT Leader Capital and C² Ventures.
The project aims to use the fund to “expand its engineering team, develop innovative NFT liquidity tools and trading products, and increase investments in NFT infrastructure.”