What's Driving CryptoPunks Jump?

• 🏀 Sotheby's Brings NBA Top Shot NFTs to Auction

• 🚀 CryptoPunks NFT Prices Jump Amid Speculation of IP Sale

• 🎁 Telegram Introduces Feature to Convert Gifts into NFTs

• Pixels CEO Teases Staking for $PIXEL, More Details Coming Soon (NFT Plazas)

• Art Gallery Argues NFT Holders Can’t Sue It Due to ‘Market Decline’ (Cointelegraph)

• Sony Debuts Soneium Mainnet, A New Ethereum Layer 2 (NFT Insider)

• CryptoPunks NFT Floor Price Spikes 13% on Rumors of IP Sale (Cointelegraph)

• MMORPG RavenQuest to Launch on Mobile, Coming January 16 (NFT Plazas)

• 'Forgotten Runiverse' Game Wants You to Crash Its Servers—And Earn Towards the Airdrop (Decrypt)

• Sony Group’s Soneium Blockchain Mainnet Now Live (NFT Plazas)

• Get Identity Right to Get Interoperability Right in Web3 Gaming (Cointelegraph)

• ChronoForge To Migrate From Immutable To Abstract (NFT Insider)

• 'Farm Frens' Telegram Game Snapshot Dated Ahead of Ethereum Airdrop (Decrypt)

• The Machines Arena to Launch Crypto-Free Versions for Steam and PS5 (NFT Insider)

• Today’s Metaverse and the Dream of Digital Ownership (Cointelegraph)

Trending Collections on OpenSea:

• Courtyard.io [Floor Price - 17.47 $POL]

• DYNX [Floor Price - 0.24 $ETH]

• HYRO: The liquid Hero Collection [Floor Price - 0.05 $ETH]

Sotheby's Brings NBA Top Shot NFTs to Auction

Sotheby's is auctioning NBA Top Shot NFTs, with collectibles valued between $500 and $3K.

• The auction features debut NBA game highlights from players like Jaylen Wells, Bub Carrington, Pacôme Dadiet, and Kyshawn George.

• Bidding for the NFTs is open through January 21, 2025.

• Launched in 2020, NBA Top Shot has generated over $1.25B in sales, though its market has cooled since 2021's peak.

• Sotheby's embraces the NFT space, previously selling millions in digital art and launching its own marketplace for on-chain NFT sales.

CryptoPunks NFT Prices Jump Amid Speculation of IP Sale

CryptoPunks floor price spiked 13% after rumors emerged that Yuga Labs might sell its IP rights.

• Such speculation came from an anonymous crypto fanatic, Wale.moca, who claimed the buyer is not a Web2 brand or another NFT company.

• Yuga Labs has not confirmed or denied the rumor, leading to increased market speculation.

• Within three hours, CryptoPunks' floor price jumped from 36.6 ETH to 41 ETH (worth over $130K).

• Selling CryptoPunks' IP would mark a significant shift, as the collection holds a market cap of 414,700 ETH ($1.3B).

Telegram Introduces Feature to Convert Gifts Into NFTs

Users can now convert Telegram gifts into tradable NFTs on The Open Network (TON) using Telegram Stars, its in-app currency linked to Toncoin ($TON).

• More than 20 existing gifts (including Jelly Bunny and Santa Hat) can be upgraded into collectible NFTs for a small fee covering blockchain costs.

• Upgraded NFTs can be transferred or auctioned on secondary TON marketplaces like Getgems.

• This feature is part of Telegram's broader Web3 strategy, which includes its self-custody wallet and integration with TON.

• It highlights Telegram's deeper involvement with TON, which has seen significant growth, currently ranking 18th by market cap.

Today's edition was written by Leah Waters

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