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NFT Update: Pudgy Penguins raise $9m; Tessera shutting down; plus new collection from Jack Butcher

1 min read  ·  15 May 2023

Jack Butcher, 'Checks Elements' (2023), courtesy of the artist.


  1. NFT project Pudgy Penguins has raised $9m in a seed funding round led by 1kx.
  2. Fractionalised NFT platform Tessera, formerly known as Fractional, is shutting down its operations.
  3. Binance’s NFT marketplace is adding support for Bitcoin NFTs.
  4. Artifact Labs, an NFT spinoff from the South China Morning Post, has raised $3.25m in funding.
  5. LG Electronics has filed a patent for a smart TV with NFT trading capabilities.
  6. The floor price and trading volume of Milady Maker NFTs soared last week after Elon Musk posted a meme featuring a picture from the collection.
  7. Jack Butcher has released a new 152-piece NFT collection, “Checks Elements”, that is paired with physical prints.
  8. NFT crowdfunding platform Artizen Fund has raised $2.2m in funding.
  9. Fractionalised fine art collecting app Freeport is selling tokenised shares of four Andy Warhol prints.
  10. Yuga Labs CEO Daniel Alegre purchased Bored Ape Yacht Club #3575 for 50 ETH ($90k).


  1. The Top 5 NFT Sales over the past week were Bored Ape Yacht Club #6805 for 200 ETH ($354k), Otherdeed #85720 for 170 ETH ($307k), Otherdeed #8 for 125 ETH ($228k), CryptoPunks #1630 for 109 ETH ($201k), And DeGod #3251 for 99 ETH ($181k).
  2. The Top 5 NFT Collections over the past week were Mutant Ape Yacht Club with $24m (-12%), Milady Maker with $23.8m (+128%), Azuki with $16.4m (-45%), Bored Ape Yacht Club with $15.3m (-12%), and CryptoPunks with $11.9m (-32%).
  3. The Top 5 NFT Marketplaces over the past week were Blur with $111.9m (-15%), OpenSea with $47.2m (-8%), Immutable X Marketplace with $6.1m (-11%), X2Y2 with $5.8m (-22%), and JPG Store with $1.3m (+34%).
  4. The Total Crypto Market Capitalisation is $1.19t, a 4.1% decrease over the past week.