News

1. Discord has let go of 40 employees, 4% of its staff, as part of its restructuring efforts.
2. Monthly NFT sales fell for the fifth consecutive month in July to $495m, its lowest level since April 2021.
3. CryptoPunk #3307, one of 8 zero trait punks, sold for 500 ETH ($916k).
4. The Sandbox has announced that officially licensed Elvis Presley NFTs are coming to its platform.
5. The co-founders of metaverse start-up Futureverse have launched a $50m venture fund that will invest in early-stage Web3 projects.
6. NFT minting platform Zora has updated its revenue split model which will increase creator earnings.
7. LinksDAO, which purchased a Scottish Golf Course earlier this year funded through the sale of NFTs, is taking on new members through the launch of several membership packages.
8. nWay Games, a subsidiary of Animoca Brands, is launching a new Web3 fighting game called “Wreck League” which features Yuga Labs’ NFTs as part of its storyline.

Data

1. The Top 5 NFT Sales over the past week were CryptoPunk #3307 for 500 ETH ($917k), Bored Ape Yacht Club #2651 for 275 ETH ($516k), CryptoPunk #6634 for 235 ETH ($433k), Autoglyph #346 for 199 ETH ($374), and CryptoPunk #4593 for 114 ETH ($208k).
2. The Top 5 NFT Collections over the past week were Bored Ape Yacht Club with $23.7m (-23%), Mutant Ape Yacht Club with $9.3m (-26%), Azuki with $5.7m (-51%), Gods Unchained with $4.7m (-18%), and DeGods with $4.4m (-46%).
3. The Top 5 NFT Marketplaces by Volume over the past week were Blur with $57.5m (-29%), OpenSea with $18.6m (-15%), Immutable X Marketplace with $5.1m (-16%), X2Y2 with $2.9m (+13%), and JPG Store with $1.1m (-14%).
4. The Total Crypto Market Capitalisaion is $1.22t, a 1% decrease over the past week.