Welcome to the weekly summary of hot NFT ecosystem events produced by NFT infrastructure NFTScan.
Period: 2024.10.28~2024.11.3
NFT Hot News
01/ Decentralized AI data platform Codatta will release Codatta Genesis Pass on Mint chain
On October 28, according to official news, Web3 project Codatta will release Codatta Genesis Pass on Mint Blockchain at 6 pm Beijing time on October 28. The Pass is an SBT NFT asset, with a limited first batch of 1,000 pieces, for real contributors who promote the development of the Codatta ecosystem. According to the official description, holding Codatta Genesis Pass can unlock airdrops and benefits of the Codatta data platform, and can also participate in the Mint mainnet airdrop event. 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 a total of $67.7 million
On October 28, billionaire and top Silicon Valley investor Peter Thiel's Founder Fund announced on Monday that it had become an investor in Infinex's new "sponsorship" financing model. Infinex said that the financing model sold 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, leaving only some core enthusiasts
On October 28, according to Decrypt, crypto artist Beeple (Mike Winkelmann) said in a recent interview that NFT speculators have left the market, leaving only some core enthusiasts who "understand the technology." "Looking back on that era, I find it crazy because NFTs were hated for much longer than they were loved. We lost a lot of users, but those people were never for art, I could see it at a glance. Speculators have moved on, but people are still passionate about this kind of thing."
04/ The American Professional Soccer League MLS cooperates with Sweet to launch the NFT platform MLS QUEST on Sui Network
On October 29, the Major League Soccer (MLS) teamed up with crypto digital collection company Sweet to launch a new NFT collection platform MLS QUEST on the Sui network. MLS fans and collectors will mint video-based sports souvenirs on Sui. These digital assets contain broadcast clips officially authorized by MLS and the MLS Players Association. Fans can trade, sell, give away and use their medals to complete game missions, upgrade and unlock rewards.
05/ Magic Eden will support Abstract mainnet
On October 29, Magic Eden announced that it will support the Abstract network after the mainnet of the consumer-centric blockchain Abstract is launched, providing it with an issuance platform and trading market.
06/ Suilend will distribute SEND airdrops to NFT series Rootlets
On October 29, Sui Ecological Lending Platform Suilend published a statement that as the SEND TGE approaches, grants will be provided to selected ecosystem projects and communities. Rootlets will be the first project to receive SEND airdrop allocation. According to previous news, Rootlets is an NFT series launched by Rooter, the founder of Suilend.
07/ My Road, the operator of NFT project Age of Zen, declared bankruptcy
On October 31, BlockMedia reported that My Road, the operator of the NFT project Age of Zen (Aozen) suspected of being involved in Rug, was declared bankrupt by the Seoul Bankruptcy Court on the 29th. The court stated that "after the bankruptcy proceedings were completed, the final dividend was paid" and "creditors approved and officially went bankrupt."
08/ OpenSea integrates basic game ecosystem B3 Chain
On November 1, OpenSea announced that it has integrated the basic game ecosystem B3 Chain. B3 will provide game developers and studios with a new place to deploy NFT collections and in-game assets within OpenSea. OpenSea CEO Devin Finzer said, "Adding B3 to OpenSea will fundamentally improve the Web3 gaming experience for our users, allowing them to mint in-game items faster and cheaper."
09/ Decentralized reputation network CreditOnChain is now live on Mint Blockchain
On November 1, according to official news, the decentralized reputation network CreditOnChain developed based on Mint Blockchain has been launched. CreditOnChain aims to build an on-chain reputation value system for the majority of Web3 consumers and provide decentralized reputation data services for developers. Currently, users can view their NFT asset on-chain reputation value through CreditOnChain. In the roadmap, the COC network will support the calculation of more types of encrypted assets in the next stage, focusing on improving support and coverage for the RWA track.
10/ Sui Ecological Meme Coin HIPPO has issued airdrops to Rootlets NFT holders
On November 1, Sui Ecological Meme Coin HIPPO announced that it had airdropped 7 million HIPPO tokens to holders of 3,333 Rootlets NFTs, with each NFT receiving approximately 2,000 HIPPOs.
11/ NFT sales in October reached approximately $356 million, breaking a seven-month decline
On November 2, data showed that in October 2024, NFT transaction volume reached 356 million US dollars, an increase of 18% month-on-month, breaking the seven-month decline. In addition, the total number of NFT transactions has also increased. In October, the total number of NFT transactions was 7.2 million, an increase of 42% from 5 million in September. In addition, the number of NFT transactions has also increased. In October, the number of NFT transactions was 7.2 million, an increase of 42% from 5 million in September. In addition to the increase in monthly transaction volume, NFT's weekly transaction volume also hit a new high in October.
NFT on-chain data
01\ NFT multi-chain data overview
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 a total of:
Number of NFT contracts: 5,022,918
Number of NFT assets: 2,248,576,612
Number of NFT on-chain records: 7,438,617,137
Total NFT asset market value: $18,053,225,112
NFT historical total transaction volume: $106,949,815,394
02\NFT Trading Market Trends
This week: OpenSea dominated the market, with the overall transaction volume reaching its highest on November 2, with the highest volume of OpenSea reaching $8.811 million at 0:00. NFTScan recorded 233 trading markets with a total transaction volume of $69.7m in 7 days. This week, OpenSea ranked first in transaction volume, and the market transaction volume distribution was relatively stable. The top six trading markets and their distribution ratios are as follows:
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\Top NFT Blue Chip Trends
The current total market value of the 19 blue-chip contracts is 626,081 ETH, accounting for 20.80% of the total NFT market value.
This week: The total transaction volume of blue-chip NFT was 2.93k ETH, the total market transaction volume was 9.79k ETH, and as of 00:00 on October 29, the transaction volume reached a maximum of about 662.3 ETH.
04\TOP 10 Wallets
NFTScan analyzed the top 1,000 NFT holding value wallet addresses, and the current top 10 holding value are shown in the figure below:
Top1 Wallet:
0xab14624691d0d1b62f9797368104ef1f8c20df83
This wallet address holds 4,815 NFTs (including 3 NFT Collections), currently holds 64,785 ETH ($159,596,556.73), and has 7,459 interactions.
05\NFT Project Ranking List
The top 10 NFT projects with the highest transaction volume on the Ethereum network are shown in the figure below:
This week, Pudgy Penguins ranked first, with the floor price stable at around 8.87e last week, and a 7d transaction volume of 840e; Bored Ape Yacht Club ranked second with a transaction volume of 735e, and the current floor price is 10.8e; Milady ranked third with a transaction volume of 550e, and the current floor price is 4.475e; the overall market transaction volume and floor price of most blue-chip NFTs showed a downward trend.
06\Popular NFT Express
This week’s popular NFTs are the Pudgy Penguins series:
According to Gamesbeats, Pudgy Penguins and Mythical Games will launch the Web3 mobile (IOS & Android) game 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 transaction volume on Ethereum has exceeded 418.7k ETH. The transaction distribution in the past 7 days was mainly Blur: 768.27 (95.59%); OpenSea: 35.47 (4.41%) units of ETH, and the number of transactions in 7 days reached 105 times.
