NFT Update: Gucci x Yuga Labs; Sotheby's auction controversy; plus Top Sales

1 min read  ·  27 Mar 2023

Gucci x Yuga Labs, courtesy of Gucci.

Gucci x Yuga Labs, courtesy of Gucci.

News

  1. Gucci has signed a multi-year partnership with Yuga Labs and said it will have an “active role” in Yuga’s Otherside metaverse.
  2. Sotheby’s “Oddly Satisfying” NFT auction saw over 60% of its lots sell for below estimate.
  3. Sotheby’s has paused its “Glitch-ism” NFT auction after artist Patrick Amadon withdrew his piece due to a lack of female representation.
  4. An NFT holder accidently sent a CryptoPunk NFT they purchased for 77 ETH ($135k) to a burn address, permanently removing it from circulation.
  5. A collection of 12 digital artworks created in 1987 by the late artist Lee Mullican were released as NFTs on Tezos.

Data

  • The Top 3 NFT Sales over the past 24 hours were Renga #3295 for 100 ETH ($178k), CryptoPunk #6487 for 90 ETH ($158k), and Bored Ape Yacht Club #7923 for 76 ETH ($135k).
  • The Top 3 NFT Collections by Volume over the past 24 hours were CryptoPunks with $14.1m (-45%), Otherdeed with $2.9m (-17%), and Mutant Ape Yacht Club with $2.5m (-66%).
  • The Top 3 NFT Marketplaces by Volume over the past 24 hours were Blur with $32.1m (-39%), OpenSea with $8.6m (-36%), and X2Y2 with $951k (-41%).
  • The Total Crypto Market Capitalisation is $1.17t, a 2.7% decrease over the past 24 hours.