NFT market updates by 2/11/2022

Top 5 NFTs ($ Sales Rev):

1.Bored Ape Yacht Club #480: 423K
2.Bored Ape Yacht Club #6766: 285.43K
3.CryptoPunk #6227: 277.29K
4.CryptoPunk #3406: 275.31K
5.CryptoPunk #1677: 259.11K

Top 5 Marketplaces ($ Sales Volume):

1.LooksRare: 160.3M
2.OpenSea: 14.88M
3.Axie Infinity: 3.44M
4.CryptoPunks: 2.11M
5.Mobox: 1.92M

UN approves NFT standards initiative led by Tencent

Chinese entertainment conglomerate Tencent has been approved by the United Nations to lead a project exploring the creation of a standard technical and security framework for non-fungible tokens (NFTs).

Tencent will be collaborating on the project with a number of others, including Alibaba subsidiary Ant Group.

The project, dubbed a “technical framework for DLT-based digital collection services” will be the world’s first U.N.-approved standards initiative for NFTs, according to state-owned local media.

YouTube includes NFTs in new creator tools

Creators will be able to monetize short-form videos and sell content as NFTs.

The company didn't make it clear whether NFT ownership would conflict with copyright law. Buying an NFT establishes ownership of a specific digital asset and provides a public record of each transaction involving the asset. It doesn't transfer copyright from the original owner to the buyer.

It will monetize Shorts, the short-form video platform similar to TikTok and Instagram Reels. Creators will be able to reply to comments with short videos, a feature widely used on TikTok to directly engage with viewers.

FlamingoDAO’s NFT Portfolio Is Now Worth $1B

The exclusive DAO’s membership buy-in has increased over 350-fold to 3,000 ETH, or a hefty $8 million.

FlamingoDAO’s massive NFT portfolio, which boasts 215 CryptoPunks and 22 Bored Apes, is now worth an estimated $1 billion according to CoinDesk’s conversations with FlamingoDAO members and reporting from Forbes.

At inception in October 2020, Flamingo collected 60 ETH from each member (approximately $23,000 at the time).

”The whales are all together,” said Wright, who describes Flamingo’s members as a mix of traders, developers, artists and builders. “That’s what makes these things so powerful. They’re horizontally organized.”

A Florida home to be auctioned as an NFT has attracted more than 7,000 potential bidders

The Gulfport, Fla. house will be auctioned on Thursday, with a starting price of $650,000, through a partnership between real estate companies Propy and Heckler Realty. The winning bidder will get an NFT, a digital token that, in this case, will record that person’s ownership of a limited liability company on an online ledger. The LLC’s only asset is the house.

Leslie Alessandra, the founder of a Tampa area–based blockchain company who is the home’s seller, told the Tampa Bay Times that she wanted to sell the house as an NFT to demonstrate the technology’s capabilities.

After meetings with lawyers and representatives from Propy, which is managing the auction, Heckler and Alessandra decided to move forward with the plan.

About us by ProjectX is a launchpad for NFT issuers, Celebrities, KOLs, and other key figures who would like to set up pools of NFTs and raise funds for it via a public sale (IDO style). Project X works to provide the most secure and simplified way to gain exposure to the NFT market with the use of pools and Indexes. The aim is to create different themed pools of NFTs which include Music, Digital Art, Sports Cards, and KOL issued NFTs to name a few. They have also signed partnerships with Polygon, Terra Virtua, LOCG, Glimpse and more than 10 other blockchain companies.

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