NFT FTW

...for others who might not have been convinced, this past week featured evermore convincing activity that’d make it pretty tough for anyone to deny! While it might not be apparent to mainstream observers who have yet to become active participants, devoted NFT projects across the market continue to build out , improving their communities, and having a great time doing it!

The Sotheby's Tim Berners-Lee WWW NFT auction we recently covered concluded this week. With so much going on one could almost lose track! Big congratulations are in order for Tim Berners-Lee and Sothebys for this historic auction. Naturally there was loads of great mainstream coverage for this high-profile NFT auction, and no shortage of interested bidders.

Though big auction houses hosting captivating new NFTs has resulted in some great entertainment, some of the most exciting recent community NFT action has been going on in Art Blocks! If you don’t already know, there is always an awesome time to be had in the Art Blocks Discord, and #SquiggleSummer has officially arrived! I highly recommend you pay a visit, and not just for the amazing bot action either! The community is truly as friendly, engaging, and bright as I’ve ever experienced.

Basically every Chromie Squiggle type has been trending up over the past several weeks but if you weren’t watching closely you could have missed it. Things have accelerated recently to say the least!

Squiggles aren’t the only Art Blocks project showing such impressive traction lately. Just about every individual AB series has seen a significant jump in purchases over the past few weeks. Ever since the completion of the Sothebys Natively Digital auction, featuring 19 individual Art Blocks works, many have been working towards the completion of their own ‘Sotheby’s Set’. As a result, several well known fan favorite projects have understandably reached new all time highs in demand. Floor prices for many of these well recognized projects have increased substantially!

In addition to the Curated Art Blocks projects recently featured at Sothebys making waves, select Art Blocks Playground projects have also been garnering much more attention and appreciation. Understandably so, as some of these AB Playground projects feature all of the potential and allure that the Curated selection does. They also feature some of the same incredible artists! 

While Art Blocks carries onward and upward, CryptoPunks have also continued to steadily creep upward in ETH price as well, not surprising to a growing number of ‘Fat Punk Thesis’ believers. With large gains being realized on so many new profile picture NFT projects it’s hard to imagine that at least some of those profits won’t find their way back to CryptoPunks…

In fact, last week actually surpassed 100 unique CryptoPunk buyers, and 9 of the 10 top overall NFT purchases were CryptoPunks! This could be a simple coincidence, it could also be a noteworthy trend. All of these NFT enthusiasts reallocate newly available funds into a much older and more established project...

The top of the CryptoSlam charts provide nice snapshots, but you really might want to join the Larva Labs Discord to stay up to speed with the latest market activity and additional Punk happenings. Like the recent Sotheby's hosted ‘Sealed CryptoPunks’ auction which concluded this week with a handful of nice sales.

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Might want to hide your Punks!