In this week’s newsletter, learn about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts NFT market growth in 2030 and actor Bill Murray’s NFT biography project.
Additionally, you can learn about the successful tech demo of Otherside Metaverse. And don’t forget this week’s Nifty News roundup featuring a Bored Ape Yacht Club (BAYC) NFT at clothing retailer Old Navy and a bottle of whiskey being auctioned off as NFT.
CryptoPunk Sells for $2.6M as Floor Prices for Major NFT Brands Rise
A CryptoPunk NFT was purchased for 2,500 Ether (ETH), worth $2.6 million at the time of purchase. Despite a decline in the overall NFT market, the transaction involving CryptoPunk4464 – a monkey-themed CryptoPunk became the largest NFT sale in 30 days.
The sale is also the fourth largest CryptoPunk Collections sale of all time in ETH, but only the 15th largest transaction in US dollars due to the recent drop in the price of ETH.
An NFT market worth $231 billion by 2030? The report predicts strong growth for the sector
A report by consulting firm Verified Market Research predicted that the NFT market could become a $230 billion industry by 2030. As researchers dove into the space, the team pegged the NFT space at $11.3 billion in 2021 and noted that the market will grow at a rate of 33.7% in the next few years.
Looking at the key drivers in the space, the researchers identified the gaming industry as one of the areas driving the adoption of NFTs. Noting projects like Enjin and Axie Infinity, the research acknowledged that gaming has contributed significantly to NFT adoption.
Bill Murray’s Biography NFT Project Set To Premiere By Coinbase
American actor and comedian Bill Murray has teamed up with crypto exchange NFT platform Coinbase to release a 1000-coin NFT collection and pointed out that it shows tips, memories, and “Murray-isms. “.
According to Coinbase, the actor and his son carefully checked, edited, and approved each story in the collection. The duo worked with author John Resig to create context with the stories.
Otherside Metaverse Demo Kicks Off With 4,500 Participants: Highlights
The July 16 Otherside Metaverse demo opened to Otherdeed NFT landowners dubbed “Voyagers”. The event was reportedly a success as many attendees took to Twitter to express their joy at the experience.
During the demo, the Voyagers entered a virtual lobby, then followed a massive Bored Ape into a colorful portal to the Otherside Metaverse. Once the Travelers reached the biogenic swamp, they proceeded to a central stage, allowing participants to explore the features of their avatars.
Nifty News: Old Navy BAYC Shirts, Expensive Whiskey NFTs, Sandbox Edition
Clothing company Old Navy has released a new t-shirt with BAYC #7285, which retails for $19.95. While some questioned this decision, others were happy to see their favorite NFT collection become more popular. Meanwhile, a 52-year-old bottle of whiskey made in Japan is being auctioned off as NFT, with a starting price of 62 ETH, or $75,000.
Thanks for reading this roundup of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and information on this evolving space.