CryptoPunks Sales Jump 89%

This Week's Low-Down:

• 🚀 CryptoPunks' Sales Surge 89% Amid Rising Crypto Market Optimism

• 💰 Shaquille O'Neal Settles $11M Lawsuit Over Astral NFTs and Galaxy Tokens

• 🎈 Pac-Man Turns 45, Celebrates with an NFT Scavenger Hunt in Tokyo

• EverValue Provides an Easy Gateway to Capitalize on Bitcoin Hitting ATH After ATH (Bitcolumnist)

• YGG Launches Onchain Guilds on Coinbase’s Base Network (NFT Plazas)

• Mistake or Money Laundering? User Pays $1.6M for CrypToadz NFT (Cointelegraph)

• Ethereum Address “vitalik.eth” Mints 400 Patron NFTs Amid Market Revival Hopes (BeInCrypto)

• YGG Unveils Onchain Guilds on Coinbase’s Base, Expands Blockchain Ecosystem in the Philippines (Decrypt)

• Illuvium Beyond Wave 3 Set to Launch on November 21 (NFT Plazas)

• Ethereum Game Series 'Super Champs' Reveals Base Token Launch Date (Decrypt)

• Xsolla to Gear Up Its Own ZK Chain to Interconnect & Enhance Web3 Gaming (Bitcolumnist)

• Project Dragon Season 2 Returns, Introducing Key Updates (NFT Plazas)

• Dogecoin Brawler Launches, ‘Major’ Token Date, and ‘Off the Grid’ Cash Prizes (Decrypt)

• Remilia Founder Claims Hack After Ether, NFTs Transferred (Cointelegraph)

Trending Collections on OpenSea:

• Courtyard.io [Floor Price - 35 $ETH]

• tubby cats [Floor Price - 0.09 $ETH]

• Lil Pudgys [Floor Price - 1.09 $ETH]

CryptoPunks' Sales Surge 89% Amid Rising Crypto Market Optimism

Blue chip NFTs are experiencing a resurgence, with CryptoPunks’ sales volume up by 89% this week.

• With the cheapest CryptoPunks now priced at around $112K, interest in OG NFTs remains strong despite past market downturns.

• Other NFTs, like Pudgy Penguins and Milady Maker, are also experiencing notable gains.

• In the NFT market, limited supply and increasing demand contribute to price fluctuations, echoing past trends where small shifts in demand led to significant price movements.

Shaquille O'Neal Settles $11M Lawsuit Over Astral NFTs and Galaxy Tokens

Shaquille O'Neal has settled a class action lawsuit for $11M. The course case alleged that the basketball legend promoted unregistered securities via Astral NFTs and Galaxy tokens.

• Florida federal judge rules that Astrals NFTs might be considered unregistered securities, prompting a significant settlement.

• Other celebrities (including Kim Kardashian and Tom Brady) have also faced legal challenges associated with blockchain assets, similar to O'Neal.

• The lawsuit and its resolution emphasize ongoing regulatory scrutiny and potential legal risks of celebrity-endorsed crypto projects.

• O'Neal's $11M settlement includes compensation for NFT and token purchasers and attorney fees.

Pac-Man Turns 45, Celebrates with an NFT Scavenger Hunt in Tokyo

NFT platform Flickplay has teamed up with Bandai Namco to celebrate the 45th anniversary of Pac-Man with an NFT scavenger hunt in Tokyo’s Shibuya (where the game was first released).

• Two exclusive Pac-Man NFT collections will be launched, with one series available only in Shibuya during the DIG Shibuya Festival and another for a global audience through the Flickplay store.

• The scavenger hunt will occur from February 8-11 across 40 locations in Shibuya City. It will offer a limited supply of collectibles that require quick completion to secure them.

• Players can use Flickplay’s in-app currency, Diamonds, to acquire Pac-Man digital collectibles by visiting specific locations during the event.

• Flickplay aims to enhance the utility of NFT characters by integrating them into other games.

• It’s also exploring partnerships with additional Ethereum L2 networks to expand project interoperability.

Today's edition was written by Leah Alger

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