Daily News - September 7, 2022
TLDR:
Y00t minters experience difficulties
Franklin clashes with the Solana community
PixelVault launches a native marketplace with zero fees
ZachXBT voices concerns about burnout
ProjectPXN paid 5,000 ETH ($7.5M USD) to the team despite struggling
ENS flips BAYC for weekly sales
OpenSea Trading Volume:
Ethereum: $1,533.63 (-7.7%)
OpenSea Daily Trading Volume: $11.74M USD (-6.3%)
Top NFT Collection: ENS ($1.32M USD daily trading volume)
News:
y00ts launched their allow list mint, however, many users experienced significant difficulties.
Franklin rubs the Solana community wrong after publicizing his sale of y00ts! (Source)
Emmark.eth alongside other crypto Twitter influencers takes over the y00ts Twitter account. (Source)
Gabriel Leydon explains the AdventureERC721 smart contract standard used for the DigiDaigaku Spirits airdrop! (Source)
PixelVault collaborates with Rarible to launch a native marketplace with zero fees! (Source)
ZachXBT voices concerns regarding burnout! The anonymous investigator has been invaluable in uncovering thefts and rug pulls within the Web3 ecosystem. (Source)
Ethereum is one step closer to the Merge after successfully updating to the Bellatrix fork today. The Merge is scheduled for September 13 - September 15. (Source)
Ramen Research deep dives ProjectPXN’s financial history to discover the team paid themselves roughly 5,000 ETH ($7.5M USD) while the project struggled. (Source)
When NFT projects have a fungible token, the communities holding the NFT and the token tend to diverge over time. We created a mechanism to disincentivize this divergence, and to repair it when it happens anyway.
Gradual Ownership Optimization (GOO) is a mechanism developed by Paradigm to better align NFT and token holders within a community. (Source)
Yin Yang Gang open up PreMint registrations! (Source)
Realms, a LOOT-expansion MMO built on StarkNet, launches a brand new website. (Source)
ENS domains continue to dominate secondary trading volume and surpass BAYC to become the most traded project of the week. (Source)
Bitfloorghost publishes his 100th edition of Proof of Update - a newsletter devoted to the latest news in the PROOF ecosystem. (Source)
Tech Times publishes a piece on Evinco Winery DAO! The project was launched by Wizard of Soho as a means of reducing the friction associated with collecting wine through the use of NFTs. (Source)
For those confused about ENS, Ledger Academy publishes an approachable explainer piece on ENS. (Source)
Notable Sales:
073.eth is purchased by 430.eth for 47.3 ETH ($74,607.23 USD)! The buyer has accumulated a sizable holding of ENS domains including 240.eth, 277.eth, 430.eth, 568.eth, and 811.eth! (Source)
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT