#033: Lots of News from NFTs in March
Welcome to the 33rd edition of the NFT Drops Newsletter! It has been three weeks since our last publication, so there is a lot to break down from the NFT world - including Yuga Labs buying the rights to CryptoPunks and Meebits! Read below for a recap of everything NFTs so far in March.
Here we go!💧
NFT Drops Recap
The Starcatchers are 10,000 NFTs that dropped in late February and led the NFT landscape in sales volume in the days following their release. Since then, the collection has cooled off a little bit, but the team is still working to build utility into each NFT. For example, they are throwing a party in LA for all holders!
A few days after the Starcatchers drop, the WonderPals took their collection live with much success. After selling out, activity quickly shifted to OpenSea where high demand drove the floor price close to 1 ETH. The collection offers similar utility to many we have seen before, most notably there are plans to produce more NFTs in the future with priority given to holders.
Snoop Dogg, an active celebrity proponent of NFTs, dropped “The Doggies” collection in February. The Doggies are 10,000 NFT avatars that leverage the Sandbox to enable metaverse access, with promises of added metaverse features in the future. The floor on OpenSea is 0.25 ETH.
The Cyber Brokers are 10,001 entirely on-chain NFTs created by the crypto artist Josie Bellini. Access to mint was gated exclusively using an allow-list, and those not on the list paid significant secondary prices (current floor of 2.5 ETH). In the future, Cyber Brokers plan to incorporate a variety of metaversal experiences for holders.
Yuga Labs bought the IP of both the CryptoPunks and the Meebits collections, previously created and owned by Larva Labs, in the most historic NFT acquisition to date.
This purchase means that Yuga Labs, the creators of Bored Ape Yacht Club, now own the two most famous NFT collections, and 4 of the top 10 NFTs by market cap (MAYC, BAYC, Meebits, Punks). Some concerns are spreading about their growing monopoly power, and about web3 similarities to early web2 acquisitions that led to a few companies owning everything!
Speaking of Yuga, they launched $APE coin last week, claimable by all BAYC and MAYC holders. There are 1 billion permanent $APE tokens to be used both within and outside of the Bored Ape Ecosystem. One cool example of $APE utility is access to Snoop Dogg’s music:
My Pet Hooligan is a collection of NFTs turned playable characters in a new “Hooligram V1” game. The NFTs dropped in December 2021, quickly gaining the attention of many in the crypto space as a set of NFTs with interesting levels of utility. The project features an ever-expanding metaverse called “The Rabbit Hole” and will drop more NFTs for use in the Hooligan universe!
Dour Darcels are 10,000 pfp NFTs that dropped on March 5 and subsequently ascended NFT rankings to land around the top ten for sales volume. Today (March 20), they are dropping 25 1/1 NFTs in collaboration with coletteparis, and they will host more artist collabs in the future.
The Mint Pass is a membership-based NFT collection that grants its holders access to unlimited free crypto art drops. They support upandcoming artists who have novel ideas by teaming up and introducing them to the Mint Pass community of collectors. The floor for a Mint Pass NFT is .043 ETH, and a slew of projects are set to drop with them soon.
The Martian Premier League is a collection of 10,000 NFTs that dropped one week ago and will reveal today. Holders of these NFTs get access to the “Mars Universe”, as well as a virtual football game. There is a pretty cool story behind the collection, and it seems like the team is dedicated to making these NFTs stand out. The Martians dropped at .088 ETH and now cost .22 ETH on the secondary market.
That’s It!
Thank you all for reading, see you in two weeks💧