Yuga Labs to Collect 5% Royalty On Meebits
Unstoppable Domains $65M Funding Round and Augmented Reality Hoodie Feature This Week
By: yyctraderNFT Roundup
It was bound to happen eventually.
On July 28, Yuga Labs said that it would immediately start collecting a 5% royalty on all secondary sales of Meebits.
Following the move, CryptoPunks is now the only major NFT collection that doesn’t charge royalties on secondary sales, though perhaps not for long.
Unstoppable Domains Raises $65M
Similar to ENS domains, Unstoppable allows users to purchase NFT-based domain names for their blockchain wallets.
According to the website, more than 2.4M domains have been registered through the platform.
RTFKT Augmented Reality Hoodie
On July 28, RTFKT teased the next forging event for CloneX holders.
Potatoz Top OpenSea Charts
9gag, once the Internet’s go-to for memes, is planning a foray into Web3 with Memeland, its own metaverse complete with a $MEME token.
The Potatoz is a collection of 9,999 “utility-enabled” NFTs that was released as a free mint on July 21. The NFTs are expected to serve as access passes to future Memeland drops and have generated over 6,400 ETH ($10.8M) in secondary sales on OpenSea, taking the top spot this week.
Not too shabby for a free mint.
The company behind the popular hardware wallet launched its NFT marketplace and curation platform, Ledger Market, on July 26. 10,000 Genesis Passes were sold at 0.3 ETH ($500) apiece and the collection minted out in less than a day.
Passes “will allow owners to redeem a limited edition Ledger Black-on-Black Nano X and have access to future drops.”
The cheapest pass is currently listed for 0.45 ETH ($750) and the collection has seen 2,700 ETH ($4.6M) in secondary sales in the two days since it launched.
State Of The Market
Sales volume ticked up to $208M in the week ending July 25.
Though volume in dollar terms was $12M higher than in the prior week, Ether’s 40% rally during the week makes the numbers look better than they really are.
Indeed, the number of transactions dropped 23% to 353,771.
The floor prices of most collections were down this week as Ether surged.
- Bored Ape Yacht Club – Down 8% this week to 85.7 ETH
- CryptoPunks – Down 11% to 70.7 ETH
- Otherdeeds – Down 10% to 2.17 ETH
- Moonbirds – Down 9% to 21 ETH
- Doodles – Flat at 11 ETH
- Clone X – Down 20% to 7.5 ETH
- Chromie Squiggles – Down 15% to 9.6 ETH