Galactic Buzz #24: The Latest Buzz in the NFT Galaxy
A spectrum of NFT news stories that span regulatory landscapes, market dynamics, leadership transitions, community growth, and much more.
Hola Degen!
Welcome to another thrilling episode of Galactic Buzz, your gateway to the most electrifying developments in the NFT universe.
In this edition, we've curated a spectrum of news stories that span regulatory landscapes, market dynamics, leadership transitions, community growth, and much more.
As the NFT world continues to evolve at warp speed, we're here to keep you informed, engaged, and captivated by the ever-unfolding narrative. So, let's dive into this week's captivating stories… 😉
Top NFT Sales Analytics 📊
- The Global NFT marketplaces’ sales volume for the 7-day period is over $104.40M+.
- Top 5 NFT Sales with their values for the previous 7 days:
Regulatory Concerns: Axie at risk? 🤔
The Philippine National Police Anti-Cybercrime Group warns Filipino citizens about potential risks and scams associated with crypto gaming.
Axie Infinity's play-to-earn metaverse game got highlighted, bringing the top performer at risk.
Wonder where the regulators target on redirecting the crypto space?
Huh! First SEC’s actions and now the others….
More step-ups and safe proofs are required: Step-up Enthusiasts!
Leadership and Strategy Moves across the NFT Ecosystem 💫
- Cool Cats' CEO Stephen Teglas steps down, with Clon taking over as the creative director and strategist.
Cool Cats Leadership Announcement
— Cool Cats (@coolcats) August 18, 2023
We’re thrilled to share that @cloncast is stepping into an expanded leadership role starting today.
Going forward, Clon will be leading both the overarching strategy and the daily operations for Cool Cats, in addition to guiding our creative… pic.twitter.com/1wwecFhuoF
- Opensea is making creator royalties optional.
We launched our Operator Filter so creators could restrict secondary sales to web3 marketplaces that enforce creator fees.
— OpenSea (@opensea) August 17, 2023
But we relied on opt-in by the entire ecosystem, which didn't happen. So we’re making a few changes to our approach to creator fees. 🧵⬇️
- Speculation also grows about Yuga Labs' potential ApeCoin-powered NFT marketplace after phasing out Opensea's Seaport contract, with the latter’s above-mentioned move!
On @opensea's decision to sunset their Operator Filter. pic.twitter.com/ahc155WWkX
— Yuga Labs (@yugalabs) August 18, 2023
- And lastly, Finn DeGods, a key figure behind Ethereum NFT projects DeGods and y00ts, announces their departure from DeLabs, in pursuit of new opportunities.
After co-founding DeGods almost 2 years ago in a small apartment with a few friends, it’s finally time for me to move on to the next chapter.
— FINN (@finnydegods) August 16, 2023
I’m forever grateful for this community, all the memories, lessons, and the amazing friends and teammates I've had the privilege to work…
The Sandbox's Bold Token Unlock 🚀
The Sandbox unveiled a release of 332 million tokens on August 14th, 2023. However, this move wasn't without its hiccups!
With the release accounting for 16% of the total supply, questions rose up about its impact on value & allocations.
Unfortunately, the pressure buzzed up, leading to a 2% daily & 2.2% weekly drop.
Having faced a continuous drop of 95% for $SAND from 2021 till date, metaverse’s future stands in uncertainty, with rival Decentraland’s MANA facing a similar decline.
Revelations and Teases 👀
- Friend Tech, the new decentralized social media platform, gains momentum, surpassing $7.5 million in TVL over this weekend.
- At Doodles X CAMP Physical activation’s grand opening, Doodles introduced Hap & Melo, two characters set to drive the narrative in their upcoming content.
At the @doodles x CAMP grand opening @jholguin and @burnttoast officially revealed Hap & Mello. We can expect to see a ton of content created around these two in the coming months/years. pic.twitter.com/eFdeeTxOyg
— Steve 🤙 (@NFTbark) August 17, 2023
- Sugartown, Zynga's Web3-native game, surprises the community by announcing that its upcoming mint will be completely free, emphasizing player empowerment and collaboration!
We will always be community first, that is why we’ve decided to make our mint…
— Sugartown (@visitsugartown) August 17, 2023
FREE
Sugartown is about creating fun and meaningful experiences. We are focused on learning and building with our community.
Our approach (1/6) 👇 pic.twitter.com/D7MNDHLenA
- NFT Inspect teased its upcoming support for a fourth blockchain and the impending launch of its token, $INSP.
Our goal is to become the go-to platform for all things Web3.
— Inspect (@nftinspect) August 15, 2023
We’re excited to announce another step towards this goal with the addition of a new blockchain.
Can you guess which? 👀 pic.twitter.com/vsVHmwOJe8
- DeGods introduced Points Parlor, a feature allowing holders to earn rewards from staked tokens, offering prizes ranging from digital assets to valuable physical rewards.
The doors to Points Parlor are now open.
— DeGods (@DeGodsNFT) August 14, 2023
Here's how it works:
1. Stake your DeGods to earn Points
2. Use your Points to open Packs
3. Every Pack contains a Prize
Only Season III DeGods can enter for now. pic.twitter.com/tK9iY8bEgA
Top 10 Blockchains by NFT sales volume for the last 7 days 🏆
And now’s the time for some analysis!
Connect with Us!
Join the conversation on Twitter | Explore our Website | Stay tuned for more cosmic revelations in the next Galactic Buzz episode!
Disclaimer: The information provided in this newsletter is for informational purposes only. Galactic Buzz does not provide investment advice, and readers are advised to conduct their research before making any financial decisions.