A Bored Ape Fetches $1.2M

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This Week's Low-Down:

• 🚀 Bored Ape #1734 Signals NFT Market Rebound with $1.2M Sale

• 🏈 Patrick Mahomes, Super Bowl MVP, Unveils His Own NFT Platform

• 🎧 PUMA, Roc Nation, and Legitimate Celebrate Hip-Hop via a Sneaker NFT Drop

• Google Opens Doors to NFTs in Android Apps and Games (NFT Lately)

• Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck (CoinDesk)

• The Story of Bright Star Studios and P2E Game Ember Sword (NFT Lately)

• Indosuez Wealth Management Takes Loyalty to the Next Level with Le Clu3 NFT Program (NFT Evening)

• Hip-Hop Collab Teams PUMA, Roc Nation and Legitimate for Sneaker Release (CoinDesk)

• Rick and Morty’s Blockchain TV Series ‘Krapopolis’ to Take Off (NFT Lately)

• Galaxy Fight Club; Where Bulls, Apes, Cool Cats, and Cryptopunks Collide in Epic Fights (NFT Evening)

• A Trio of Top Studios Join Cool Cats for Game Developments (NFT Lately)

• Digital Toy Company Cryptoys Integrating Kid-Friendly AI Chatbot Into NFTs (CoinDesk)

• Own a Piece of UFC History with UFC Strike, The Next-Level Collectible Platform (NFT Evening)

Trending Collections on OpenSea:

• Ether [Floor Price - 0.27 ETH]

• Misfits by Pluto [Floor Price - 0.06 ETH]

• 0xTama [Floor Price - 0.03 ETH]

Bored Ape #1734 Signals NFT Market Rebound with $1.2M Sale

Despite around 1.2k NFTs facing liquidation just weeks ago, Bored Ape #1734 just achieved a staggering $1.2 million sale, signaling a remarkable turnaround in the market.

• After a slump, the floor price of the BAYC collection on OpenSea increased by 8% in a week, reaching around 35 ETH.

• Volume and sales of Bored Ape Yacht Club plummeted by 91% and 92%, respectively, raising concerns about the market’s future despite the surge in floor price.

• DappRadar data shows BAYC leading NFT collections, with an 80% increase in average price, nearly 5% rise in market capitalization, and over 82% growth in transaction volume.

• The record-breaking sale of Bored Ape #1734 in the last 30 days sparks hope for a positive trend and boosts the collection’s position.

Patrick Mahomes, Super Bowl MVP, Unveils His Own NFT Platform

Super Bowl MVP Patrick Mahomes shoots into the blockchain arena with his own exclusive NFT platform, ‘Museum of Mahomes’.

• Mahomes’ NFT platform will debut its first collection of NFTs in September, featuring digital collectibles tied to real-world perks like game-worn items, autographed jerseys, and more.

• The ‘Museum of Mahomes II’ drop will consist of 15,000 NFTs, showcasing artwork inspired by his NFL career.

• Mahomes released his own NFTs in March 2021, generating $3.7 million in sales and offering owners physical versions of the collectibles.

• A portion of the proceeds from NFT sales on the Museum of Mahomes will support Mahomes’ foundation, benefiting children in underserved communities.

PUMA, Roc Nation, and Legitimate Celebrate Hip-Hop via a Sneaker NFT Drop

Legitimate, PUMA, and Roc Nation are kickstarting an NFT drop dubbed ‘Evolution of the Mixtape’, which opens a limited edition sneaker collection to amplify the 50th anniversary of hip-hop.

• Legitimate, PUMA, and Roc Nation’s collaboration aims to honor the cultural movement of mixtapes while exploring the evolution of hip-hop culture with the integration of technology.

• The Evolution of the Mixtape drop features three sneaker models named ‘Cassette Tape’, ‘Playlist’ and ‘Disc’, each embedded with Legitimate's NFC chip ‘LGT Tag’ in the tongue of the shoe.

• Owners of the sneakers can scan the NFC chip to access an exclusive digital portal curated by Roc Nation, offering weekly mixtapes, behind-the-scenes artist content, and unreleased tracks from Roc Nation artists.

• The NFC chip enhances customer engagement and fosters brand loyalty by providing buyers with new music as a reward for their purchase, creating a valuable and immersive experience for consumers.

Today's edition was written by Leah Alger.

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