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NFT Update: Recur closing down; Yuga Labs hits out at OpenSea; plus Bored Ape sold at $777k loss

1 min read  · 21 Aug 2023


Bored Ape #8585 sold at a 624 ETH loss.

News

  1. NFT platform Recur has announced it is closing down less than two years after raising a $50m Series A funding round.

  2. Yuga Labs has announced it is ending support for OpenSea’s SeaPort protocol after the NFT marketplace revealed it is no longer enforcing royalties.

  3. OpenSea has announced it no longer supports trading for NFTs on BNB Smart Chain.

  4. Crypto start-ups raised a combined $158m in venture funding last week.

  5. Bored Ape Yacht Club #8585 was sold for 153 ETH, with the seller suffering a 624 ETH ($777k) loss on the NFT which was purchased 10 months ago.

Data

  1. The Top 3 NFT Sales over the past 24 hours were Fidenza #879 for 45 ETH ($75k), Bored Ape Yacht Club #4265 for 36 ETH ($60k), and Bored Ape Yach Club #9256 for 30 ETH ($51k).

  2. The Top 3 NFT Collections by Volume over the past 24 hours were Bored Ape Yacht Club with $2.3m (-36%), Mutant Ape Yacht Club with $924k (-51%), and DeGods with $640k (-43%).

  3. The Top 3 NFT Marketplaces by Volume over the past 24 hours were Blur with $5.9m (-30%), OpenSea with $3.1m (+7%), and X2Y2 with $515k (-3%).

  4. The Total Crypto Market Capitalisation is $1.1t, a 0% change over the past 24 hours.


Market

Yuga Labs