NFT Update: Sotheby's makes amends; Bored Ape selling pressure; plus weekly sales

1 min read  ·  14 Apr 2023

Sotheby's 'Glitch: Beyond Binary' auction, courtesy of Sotheby's.

Sotheby's 'Glitch: Beyond Binary' auction, courtesy of Sotheby's.

News

  1. Sotheby’s has announced it will re-launch its glitch digital art auction later this month, after pausing it last month following criticism over a lack of female representation in the sale.
  2. NFT whale @franklinisbored sold 27 Bored Ape NFTs for a total of 1439 ETH (~$3m) after revealing he was rug-pulled for 2000 ETH.
  3. Following the selling, the floor price of Bored Ape Yacht Club NFTs fell to a five-month low of 53 ETH.
  4. Solana NFT DAO MonkeDAO is planning to buy the rights to the Solana Monkey Business NFT collection from its current owner for $2m.
  5. Truth Labs, creator of the Goblintown NFT collection, has changed the artwork for all the NFTs to an illustrated middle finger and disabled trading in a stand for creator royalties.
  6. Camera and imaging giant Canon has announced its plans to launch its own Ethereum-based photography NFT marketplace, Cadabra, later this year.

Data

  1. The Top 5 NFT Sales over the past week were Azuki #3628 for 330 ETH ($630k), Azuki #5172 for 245 ETH ($459k), Otherdeed #11260 for 213 ETH ($409k), CryptoPunk #6940 for 215 ETH ($402k), and CryptoPunk #1839 for 180 ETH ($379k).
  2. The Top 5 NFT Collections by Volume over the past week were CryptoPunks with $76.3m (-2%), Bored Ape Yacht Club with $31.1m (+66%), Azuki with $26.5m (+102%), Mutant Ape Yacht Club with $18m (13%), and Nakamigos with $9m (-64%).
  3. The Top 5 NFT Marketplaces by Volume over the past week were Blur with $230m (-4%), OpenSea with $70.8m (+100%), X2Y2 with $10.1m (+52%), Immutable X Marketplace with $5.6m (-38%), and LooksRare with $2.4m (+503%).
  4. The Total Crypto Market Capitalisation is $1.33t, a 2.2% increase over the past week.