NFT
In this roundup, BeInCrypto takes a look at some of the most exciting NFT news items of the week.
In the past seven days, a Parisian gallery has held a major NFT exhibition, Moonbirds and Doodles have launched new products, and a Bored Ape Yacht Club NFT has been sold for 60 ETH.
Gallery Paris Showcases NFT Art
Earlier this week, the Pompidou Center began exhibiting its first collection of NFTs. In an exhibition that runs until February 2024, the Parisian Museum of Modern Art has dedicated two rooms to its collection of 18 digital works.
The exhibit includes examples of genre-defining NFT collectibles such as CryptoPunks and Bored Apes. These will be showcased alongside the work of trailblazing blockchain artists and emerging French and international NFT creators.
CryptoPunk #110 on display in Paris (Source: LarvaLabs)
The show aims to put NFTs on the same platform as institutional visual arts. It also attempts to contextualize the contemporary popularity of NFTs within a broader conversation about art and digital media.
As curator Philippe Bettinelli explained:
“The recent media frenzy that accompanied the NFT craze may have given the impression that digital art was just being born, when it has existed since the 1960s in highly experimental forms that were much less widespread at the time.”
Moonbirds X MONA
Like similar generative NFT projects, the 10,000 Moonbirds NFTs take the form of tokenized avatars. In this case in the guise of colorful owl-like creatures.
Collectors can personalize the appearance of their Moonbird based on their portfolio holdings or performance within the PROOF ecosystem.
In the project’s latest development, the NFT collective revealed this week that it is teaming up with Mona to build “Moonbirds Monaverse,” a new virtual world for the Moonbirds community.
Web3 entrepreneur and Moonbirds founder Kevin Rose shared a teaser video on Twitter saying the new metaverse would be a place to:
“Organize events, connect, discover art, have conversations, and leave Discord for some fun.”
Exciting news for Doodles NFT fans
In other NFT news, ahead of the upcoming Doodles 2 Beta launch, the popular project launched the Doodles 2 Character Builder.
Doodles Character Builder (Source: Twitter)
The Character Builder allows Doodles NFT holders to change their clothing and attributes for a full-body avatar. Doodles also announced an upcoming airdrop for a “Pharrell Pack”, in partnership with brand ambassador Pharrell Williams.
Each package contains digital clothing from brands such as Adidas. A token that can be exchanged for an exclusive physical item of clothing is also included.
Bored Ape Yacht Club NFT sells for 212 ETH
In the past week, four Bored Apes have made headlines for hitting or surpassing the critical 70 ETH milestone. This is a remarkable achievement in a market where individual NFTs have seen a price drop in recent weeks. The average selling price of a Bored Ape Yach Club (BAYC) NFT is currently 49.3 ETH, equivalent to $93,000.
The week started with Bored Ape #7403 selling for a whopping 212 ETH.
Source: OpenSea
With a highly converted “trippy” coat trait shared by only 0.77% of all Bored Ape Yacht Club NFTs, #7403 changed hands for over $400,000. That makes it one of the most expensive Bored Apes ever sold. Currently, BAYC #7403 has an open offer at $250,000 USDC.
As a key indicator of overall NFT sales, collectors often track the price of Bored Apes. As such, news of high-value trades is closely followed by anyone trying to understand the volatile NFT market.
To be sure, last week’s flurry of activity contrasts with news earlier this month that NFT sales had reached their lowest level in nearly a year.