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Major Q4 movements
Leah Alger & Ty Smith
October 04, 2022
gm.
Q4 is off to a great start with multiple 7-figure sales coming through the past few days. Some signs of hope on the horizon.
In today's edition:
🚀 Solana NFT Trading Volume Rivals Ethereum
👍 David Bowie NFT Sells for $127,000
🔥 Sega Creates a Blockchain Game
Trending collections:
Linagee Name Registrar (LNR) [Floor - 0.01 ETH]
Kitaro World Official [Floor - 0.35 ETH]
poobsnft [Floor - 0.07 ETH]
Solana Rivals Ethereum With NFT Trading Volume
Despite recurring network outages, NFT trading volume skyrocketed on Solana in September, rivaling Ethereum.
Over the last six weeks, Solana's total NFT trading volume market share expanded from 7% to 24%.
Solana posted higher daily trade volumes than Ethereum the previous month.
According to Dune Analytics, the number of buyers increased by 34% month over month.
What we think:
Solana is the new hotbed for trading new collections and for creators to access the global market. However, despite Ethereum's NFT volume decreasing, it is still the top dog due to hosting the most blue-chip collections - CryptoPunks, Bored Ape Yacht Club, Azuki, etc. - and thanks to the recent merge to proof-of-stake.
We are still waiting for a Solana-based blue chip to emerge.
David Bowie NFT Sells for $127,000
An NFT in The Bowie Estate's exclusive collection with OpenSea recently sold for $127,000 (965 ETH).
Here's what we know:
The entire NFT collection called "Bowie on the Blockchain" highlights areas of his career, created by the 19-year-old artist dubbed FEWOCiOUS.
The NFT that sold for $127,000 showcased an animated video clip of one of Bowie's custom suits.
Other NFTs from the collection have sold for around $4,000 (3 ETH) to $9,800 (7.5 ETH).
What we think:
FINALLY, it looks like the NFT market is back on track. Throughout the last few weeks, we saw Tyler Hobbs' NFT collection selling for $17 million and a CryptoPunk going for a whopping $4.5 million. Now, thanks to the sale of this Bowie NFT, it looks like celebrity NFTs are becoming desirable yet again.
Let's keep rolling!
Sega Is Creating a Blockchain Game
Sega has joined forces with 'Double Jump Tokyo' to create its first-ever blockchain game. The gaming company will base the new game on its most-famous game to date, 'Sangokushi Taisen', which was released in March 2005.
Here's what we know:
Sega wants its fans to have an enjoyable blockchain gaming experience based on NFTs, rather than traditional cards like Sangokushi Taisen.
Few details regarding the game and launch date are to be revealed.
Although, it will function on the Oasys blockchain.
What we think:
It is no wonder why Sega would want to base its new blockchain game on its most famous game to date, Sangokushi Taisen. We look forward to seeing how the famous gaming company best uses blockchain utility and NFTs.
Today's Edition Is Brought To You By Suku
Suku aims to accelerate the adoption of Web3 through interconnecting Web3 communities, powering novel experiences, and providing simple-to-use tools to better onboard users. By creating an ecosystem with shared incentives and economy for all Web3 communities, Suku aims to foster the much-needed collaboration and interoperability that the space needs to grow fast.
WHAT ELSE IS HAPPENING
Reminder: During October, we are giving away hundreds of dollars in ETH and NFTs. All you have to do is refer your friends. The top three subscribers with the most referrals win.
The current leadership board:
1st Place: h********[email protected] (9 referrals)
2nd Place: t********m@*******nd.io (6 referrals)
3rd Place: t********[email protected] (4 referrals)
What did you think of today's edition? |
Today's edition was written by Leah Alger & Ty Smith