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NFT Update: NFT volume reaches $4.7b in Q1; Yuga Labs' new CEO; plus $100m+ funding rounds

1 min read  ·  04 Apr 2023

Gucci Koda Pendant, courtesy of Gucci.


  1. Gucci has announced it is releasing a collection of physical and digital products in collaboration with Yuga Labs, starting with a Koda-inspired pendant.
  2. Daniel Alegre, former President and COO of gaming giant Activision Blizzard, joined Yuga Labs as CEO on April 1.
  3. Art Blocks has launched its own secondary marketplace which enforces creator royalties.
  4. Hardware wallet maker Ledger has raised $109m in a Series C extension round at a $1.4b valuation.
  5. Crypto interoperability protocol LayerZero Labs has raised $120m in a Series B funding round at a $3b valuation.
  6. NFT platform OneOf has acquired crypto rewards company Tap Network.
  7. NFT trading volume hit $4.7b in Q1 2023, more than doubling from the previous quarter, according to data from DappRadar.
  8. Mason Rothschild, the artist behind the controversial ‘MetaBirkins’ NFT collection, has launched a new project called ‘This Artwork is Subject to Change’.


  1. The Top 3 NFT Sales over the past 24 hours were Bored Ape Yacht Club #6795 for 74 ETH ($137k), Bored Ape Yacht Club #1723 for 74 ETH ($136k), and CryptoPunk #3968 for 65 ETH ($121k).
  2. The Top 3 NFT Collections by Volume over the past 24 hours were CryptoPunks with $15.7m (+19%), Nakamigos with $7.4m (+53%), and Otherdeed with $4.2m (+94%).
  3. The Top 3 NFT Marketplaces by Volume over the past 24 hours were Blur with $45.3m (+21%), OpenSea with $12.9m (+12%), and X2Y2 with $798k (-10%).
  4. The Total Crypto Market Capitalisation is $1.23t, a 1.1% increase over the past 24 hours.