Daily News - March 15, 2022
TLDR:
Retail sentiment, measured by OpenSea trading volume and search engine trends, may be declining, however, venture firms and large investors are capitalizing during this quiet period. MagicEden and Battefly have raised ~30M USD today!
Treasure:
Battlefly, the P2E game on TreasureDAO, secures 1,405,000 $MAGIC and 1/1 Genesis Legion ‘Fallen’ for their Treasury. The funding for the Treasury was provided by Lean Lars - currently worth $3.63M USD. (Source)
Alerts:
In regards to yesterday’s OpenSea exploit, the attack occurred due to WizardPass’s Discord being compromised. This enabled the attacker to present a transaction that appeared to mint a WizardPass but instead approved access to transfer valuable NFTs into the attacker’s wallet. (Source)
The SocialDAO airdrop will commence on Tuesday, March 15th! The allocation of $SOCIAL tokens is based on your Twitter activity (e.g. tweets, followers, verified checkmark). (Source)
OpenSea Volume:
Ethereum continues it’s sideways move - currently $2505.62 USD (-0.9%). OpenSea trading volume trends down to $52.2M USD (-23.87%).
News:
MagicEden, the premier NFT marketplace on Solana, secures $27M USD in funding from Paradigm, Sequoia Capital, and Solana Ventures. To date, the marketplace has secured $29.5M USD in funding - much of which was used to bootstrap their presence within the gaming sector. (Source)
DeathRow, a hip-hop-focused record label, has purchased Gutter Dog #341 for 3.5 ETH ($8,877.40)! The label, under the leadership of Snoop Dogg, has recently purchased NFTs from Invisible Friends, CloneX, and World of Women. (Source)
Play & Kollect, the P2E game from CyberKongz, is live! Players have the opportunity to go on adventures with their CyberKongz/CyberKongz VX to earn loot. (Source)
Mr. Iger said he was attracted to Genies because he believes the ability for anyone to easily create and sell virtual goods will change the entertainment industry and be a key component of the metaverse
Bob Iger, the former CEO of Disney, joins aboard Genies - a company focused on digital avatars backed by NFTs. More interestingly, Genies offers an NFT marketplace and has partnerships with Universal Music Group and Warner Music Group. (Source)
Notable Sales:
Phunk #8348 receives a bid for 75 ETH ($190,561.50 USD) from beautifulnfts.eth! The bidder has purchased 5 Phunks earlier today and has a grand total of 106 Phunks. Interestingly, there have been a few whales sweeping the Phunks collection (the current floor is 0.3 ETH). (Source)