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NFT Update: OpenSea value drops 76%; Phantom adds Ethereum support; plus 200 ETH CryptoPunk

1 min read  ·  26 Apr 2023

DJ duo 'Punx', courtesy of Royal.

News

  1. Investment firm Tiger Global has marked down its OpenSea equity 76% from $127m to $30m, implying a market valuation of $3b down from $13b for the NFT marketplace.
  2. Metaverse platform The Sandbox has partnered with hardware wallet Ledger on multiple initiatives, including having its corporate NFT collection custodied by Ledger’s enterprise wallet.
  3. Mythical Games’ officially-licensed NFT fantasy football game NFL Rivals has launched on mobile and will use the Polkadot blockchain over Ethereum.
  4. DJ’s Steve Aoki and 3LAU have revealed their first single as ‘Punx’, their CryptoPunks-inspired duo, on Web3 music platform Royal.
  5. Solana wallet Phantom has added support for Ethereum and Polygon.

Data

  1. The Top 3 NFT Sales over the past 24 hours were CryptoPunk #2356 for 200 ETH ($372k), Bored Ape Yacht Club #1447 for 100 ETH ($187k), and Otherdeed #68058 for 88 ETH ($160k).
  2. The Top 3 NFT Collections over the past 24 hours were Mutant Ape Yacht Club with $5.9m (+100%), CryptoPunks with $2.3m (+192%), and Azuki with $2.1m (-3%).
  3. The Top 3 NFT Marketplaces over the past 24 hours were Blur with $17.6m (+5%), OpenSea with $6.5m (-14%), and X2Y2 with $1.5m (+53%).
  4. The Total Crypto Market Capitalisation is $1.28t, a 7.3% increase over the past 24 hours.