Introduction: NFT Insider is jointly produced by the WHALE community, BeepCrypto, and CryptoArt.Ai. It condenses weekly NFT news and brings you the most comprehensive, fresh and valuable information about NFT. Each issue of the weekly report will analyze the current situation of the NFT market from five perspectives: NFT market data, art news, game news, virtual worlds, and other dynamic categories. To understand NFT, read the NFT Insider weekly report.
NFT market data
OpenSea’s total transaction volume in February reached 93.9 million US dollars, and the total number of users exceeded 50,000
OpenSea’s total transaction volume in February reached 93.9 million US dollars, a record high, about 11.68 times the total transaction volume in January! Moreover, the total number of OpenSea users has exceeded the 50,000 mark!
SuperRare’s total transaction volume in February exceeded 10 million US dollars
SuperRare’s total transaction volume in February exceeded 10 million U.S. dollars, a record high, about 5.7 times the total transaction volume in January! Among them, the primary market transaction volume reached US$7.4282 million, and the secondary market transaction volume reached US$2.9371 million!
Crypto Art’s total transaction volume in February reached 90,155,800 US dollars
The total transaction volume of Crypto Art in February reached 90,155,800 US dollars, a record high!
Art News
The world’s first music album NFT created by 3LAU sold for US$11.68 million
The world’s first music album NFT “Ultraviolet Vinyl NFT Collection” created by 3LAU was sold on Origin Protocol’s e-commerce platform Dshop for US$1.6841 million!
New sneaker brand Artifact Studios collaborates with encryption artist FEWOCiOUS
The cutting-edge sneaker brand Artifact Studios has collaborated with encryption artist FEWOCiOUS to sell NFT collections at Nifty Gateway!
Among them, the limited edition NFT “FEWO DRIP” sold out, with a total transaction volume of 450,000 US dollars; the auction version of the NFT “FEWO CHARM” sold for 88,800 US dollars;
The open NFT “FEWO SHOE RARE” sold 279 pieces with a total transaction value of 837,000 US dollars; “FEWO SHOE EPIC” sold 207 pieces with a total transaction value of 1.035 million US dollars; “FEWO SHOE LEGENDARY” sold 121 pieces with a total transaction value 1.21 million US dollars.
Artifact Studios and FEWOCiOUS have jointly sold NFTs with a total turnover of US$3.6209 million.
Beeple sells $1 special crypto art NFT at MakersPlace
The famous encryption artist Beeple sells a $1 special price encryption art NFT “THE 5000 DAY SELECTS” on the encryption art platform MakersPlace, a limited edition of 105 pieces! However, due to the network collapse due to the large number of rush buyers, the method of sale was also changed to a lottery.
New works of famous British artist Damien Hirst are on sale and support payment with BTC and ETH
New works sold by famous British artist Damien Hirst will accept BTC and ETH payment!
CryptoPunk No. 2140 was sold for 750ETH, which is approximately US$1.184 million
CryptoPunk No. 2140 was sold for 750ETH, which is approximately US$1.184 million! And this CryptoPunk was sold for 400ETH 7 days ago, which is about 773,600 US dollars!
Musk’s wife and famous musician Grimes sells NFT at Nifty Gateway, with a total transaction volume of US$6.3406 million
Musk’s wife and famous musician Grimes also sold NFT collections at Nifty Gateway, with a total transaction volume of US$6.3406 million!
The encrypted artwork created by Pak was sold at SuperRare for 111ETH
The encrypted artwork “Ego Object” created by Pak was sold at SuperRare for 111 ETH, which is approximately US$170,400!
Banksy’s work “Mornos” was burned and will be cast as NFT
The famous street artist Banksy’s work “Mornos” was burned down. Before being burned, this work passed the appraisal by the appraisal agency Pest Control established by Banksy. The value of the work is about 70,000 US dollars. The content of the work is expensive art for collectors. The ridicule of the product, the burning process was carried out in Brooklyn, New York and was broadcast live worldwide! After the work is burnt, it will be cast as an NFT and auctioned on the NFT trading platform SuperFarm. The winning bidder will get the NFT version of “Mornos” and Pest Control’s identification certificate, and part of the auction revenue will be donated to charity!
The Associated Press auctions NFTs at OpenSea to commemorate the Associated Press’s blockchain release of 2020 election data
The Associated Press (AP) and Everipedia collaborated with the famous digital artist Marko Stanojevic to create an NFT artwork “A View from Outer Space” to commemorate the first U.S. election on the blockchain! The works will be auctioned on OpenSea, starting on March 3 (Wednesday) for a period of 7 days. All bids will be priced in Ethereum!
Ben Mauro’s NFT collection on VIV3 sold out within 7 minutes, with a total transaction volume of 2 million US dollars
The NFT collection sold by the famous artist Ben Mauro on VIV3 was sold out within 7 minutes, and the total transaction volume reached 2 million US dollars! Ben Mauro has been a senior designer and art director in the game and film industry for the past 12 years. His representative works include “Call of Duty”, “The Hobbit”, “The Amazing Spider-Man”, “Halo” and more!
Game news
Polygon has reached a partnership with game company Atari, which will bridge its NFT and tokens to Layer 2
Polygon (formerly Matic Network) and game company Atari have reached a partnership! The latter is integrating Polygon to bridge its NFT and Atari Token (ATRI) to Layer 2. Polygon’s Layer 2 solution will improve the scalability of Atari Token and enhance the experience for NFT and blockchain products in the Atari ecosystem!
Aavegotchi is officially launched, and the portal is sold out within 1 minute
The highly anticipated NFT game Aavegotchi is officially launched! The first batch of 10,000 Aavegotchi portals were sold on Aavegotchi.com, and they were all sold out in less than a minute! Other major features that have been launched include the Aavegotchi store-users can directly purchase unique in-game items and power bonuses for their Gotchi, and the bazaar-a secondary NFT market for trading Aavegotchi and wearable devices.
Enjin will launch JumpNet and Efinity chain
Enjin will launch JumpNet and Efinity chains to solve the problem of Ethereum’s high gas fees! Among them, JumpNet is an interoperable bridge network that will run under the PoA consensus mechanism. First, users need to transfer their Enjin tokens (ENJ) from the Ethereum network to JumpNet. By transferring tokens to JumpNet’s bridging smart contract, users will be able to lock their tokens on Ethereum and then unlock the corresponding number of tokens on the other side. After that, users will be able to use the ERC-1155 standard developed by Enjin to cast NFT without gas fees. Then, users can send and receive these tokens through Enjin’s wallet, or trade on the NFT market.
Efinity is still under development and is expected to become Enjin’s public chain, which can create multi-chain tokens and transfer them to other compatible blockchains. According to Enjin, JumpNet will launch on April 6, and Efinity is expected to launch later this year.
Virtual World News
The Sandbox completes a new round of land sales
The Sandbox has completed a new round of land sales! In this round of land sales, the total transaction volume in the first round was 7,458,765 $SAND, valued at approximately US$2 million; the total transaction volume in the second round was 4,466,269 $SAND, valued at approximately US$1 million! In February, the total transaction value of The Sandbox land sales was as high as $3 million, which is higher than the total transaction value from 2019 to 2020!
Other news
WhaleShark donated 1 million WHALE tokens to charitable trusts
WhaleShark, the founder of the WHALE community and a well-known NFT collector, announced the donation of WHALE tokens worth about $16.5 million to an unnamed charitable trust! According to WhaleShark, the donated 1 million WHALE tokens account for 10% of the WHALE tokens it holds, and are currently worth about $16.5 million.
Terra Virtua (TVK) will be launched in Binance Innovation Zone
The Binance Innovation Zone will launch Terra Virtua (TVK) at 17:00 on February 26, 2021, and open the TVK/BTC, TVK/BUSD trading pairs! Terra Virtua is a cross-platform NFT ecosystem for the mass market. The project provides a select market and NFT platform where NFT creators, entertainment brands and collectors can interact. The platform covers Web, PC and mobile AR/VR environments.
NFT lending platform NFTfi completes $890,000 in financing
NFT lending platform NFTfi has completed $890,000 in financing! Investors include Coinfund, 1KX, Collab+Currency, Maven 11 and The LAO, and strategic investor Animoca Brands. This round of financing also includes a series of NFT and DeFi developers and collectors, including Roham Gharegozlou (CEO of Dapper Labs, creator of NBA Top Shot and CryptoKitties), Sebastien Borget (COO of The Sandbox), Johnathan Gabler (founding partner of Outlier Ventures), Andrew Steinwald (Zima Red, founder of Sfermion), Snowfro (founder of Artbocks) and Roberto Ceresia (founder of ark.gallery and Wrapped Punks), etc.
NFTX will launch NFT Swap function to support NFT asset conversion
The NFT Index Fund stated in the weekly report that a new development team has been formed, which will be responsible for developing the NFT Swap function to support NFT asset conversion! Users can use this function to convert NFT assets supported by the NFTX fund into another NFT asset supported by the NFTX fund, and the excess value will be paid to the user in the form of tokens such as DAI, ETH, NFTX!
Mintable receives investment from Mark Cuban
The NFT trading platform Mintable has obtained the investment of Mark Cuban, the specific amount has not been disclosed! Mintable stated that it will update more seed round investment details in the next few weeks!
Yield Guild Games completes $1.325 million in financing
Yield Guild Games (YGG), a decentralized autonomous organization focused on NFT, announced the completion of a seed round of USD 1.325 million! The lead investment institution is Delphi Digital, and the participating institutions include Scalar Capital, BlockTower Capital, gumi Cryptos Capital, Ascensive Assets and Youbi Capital. Strategic partners include Animoca Brands and Polygon!