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Has the NFT bubble finally burst? From apes to zero: what’s next? 📉🐒
Remember when a picture of an ape cost as much as a Miami mansion? Those days are gone. The NFT market is facing a brutal reality check, and many projects that promised to "revolutionize art" are now trading for pennies.
Was it a genius marketing hype, or just a stress test for a technology that turned out to be empty?
My stance:
99% of NFTs were and still are speculative garbage. Just digital versions of trading cards with zero real utility.The technology (on-chain ownership) is brilliant. Most "art collections" were just exit liquidity traps.The future belongs to NFTs with real-world application: concert tickets, fractional real estate, and gaming assets that actually function across platforms.
The market is flushing out the noise. This is a good thing. Only projects that provide real value—not just "rarity scores"—will survive.
Are you still holding your "Apes" hoping for a comeback, or have you already moved your capital into real assets? 👇
#NFTBubble #CryptoArt #UtilityNFTs #BinanceSquare #BAYC
Remember when a picture of an ape cost as much as a Miami mansion? Those days are gone. The NFT market is facing a brutal reality check, and many projects that promised to "revolutionize art" are now trading for pennies.
Was it a genius marketing hype, or just a stress test for a technology that turned out to be empty?
My stance:
99% of NFTs were and still are speculative garbage. Just digital versions of trading cards with zero real utility.The technology (on-chain ownership) is brilliant. Most "art collections" were just exit liquidity traps.The future belongs to NFTs with real-world application: concert tickets, fractional real estate, and gaming assets that actually function across platforms.
The market is flushing out the noise. This is a good thing. Only projects that provide real value—not just "rarity scores"—will survive.
Are you still holding your "Apes" hoping for a comeback, or have you already moved your capital into real assets? 👇
#NFTBubble #CryptoArt #UtilityNFTs #BinanceSquare #BAYC
Explore ApeCoin The Web3 Culture Token
ApeCoin ($APE ) isn’t just a meme—it’s the backbone of BAYC, powering NFT drops, metaverse play, and exclusive DAO governance.
Linked to the Bored Ape Yacht Club, APE fuels the hottest clubs and online events, giving owners a backstage pass to evolving digital culture.
With trading on Binance, global access to APE is instant, and its utility is growing: metaverse integrations, Web3 games, artist collabs, and unique digital collectibles.
The ApeCoin DAO lets holders suggest and vote on new product launches, ecosystem grants, and community directions—all with real power in the hands of users.
APE’s surge in adoption makes it a unique bridge between crypto, art, and community, where owning a token means joining the future of entertainment.
Is APE the gateway to next-gen online tribes and virtual economies?
Subscribe for more cutting-edge projects and smash that like!
#ApeCoin #BAYC #Web3Culture #NFTCommunity
ApeCoin ($APE ) isn’t just a meme—it’s the backbone of BAYC, powering NFT drops, metaverse play, and exclusive DAO governance.
Linked to the Bored Ape Yacht Club, APE fuels the hottest clubs and online events, giving owners a backstage pass to evolving digital culture.
With trading on Binance, global access to APE is instant, and its utility is growing: metaverse integrations, Web3 games, artist collabs, and unique digital collectibles.
The ApeCoin DAO lets holders suggest and vote on new product launches, ecosystem grants, and community directions—all with real power in the hands of users.
APE’s surge in adoption makes it a unique bridge between crypto, art, and community, where owning a token means joining the future of entertainment.
Is APE the gateway to next-gen online tribes and virtual economies?
Subscribe for more cutting-edge projects and smash that like!
#ApeCoin #BAYC #Web3Culture #NFTCommunity
NFT 2024 Annual Report (1): Ecological Overview and Market Performance
The full text is relatively long and is divided into three parts. This article is the first part.
Chapter 1 NFT Ecology
NFT Overview
As we move into 2024, the NFT space will continue to grow, and we can see most of the application layers surrounding NFTs converging on the following points.
Metaverse Interoperability - In 2023, many brands and creators launched proprietary virtual worlds and NFTs, but they remained decentralized. By 2024, cross-platform ecosystems can enable unified digital identities and assets across different A metaverse that will drive virtual experiences that are transferable between worlds.
Chapter 1 NFT Ecology
NFT Overview
As we move into 2024, the NFT space will continue to grow, and we can see most of the application layers surrounding NFTs converging on the following points.
Metaverse Interoperability - In 2023, many brands and creators launched proprietary virtual worlds and NFTs, but they remained decentralized. By 2024, cross-platform ecosystems can enable unified digital identities and assets across different A metaverse that will drive virtual experiences that are transferable between worlds.
🤯 Machi Big Brother's $44M Profit Swings to $9M Loss on Hyperliquid 📉
Talk about a rollercoaster! Taiwanese music celebrity and major crypto investor Jeffrey Huang, famously known as "Machi Big Brother," is facing a nearly $9 million floating loss on his Hyperliquid position.
His account, which is linked to a popular Bored Ape Yacht Club collector, has seen a massive reversal from what was a significant profit. The article states that the account is approaching this floating loss on the decentralized exchange (DEX).
Despite the huge loss, that Machi Big Brother and other large investors are still betting on the price of the XPL token recovering.
It's a stark reminder of the high-stakes, volatile nature of crypto trading, even for the biggest players!
👇
#CryptoNews #MachiBigBrother #JeffreyHuang #Hyperliquid #XPL #CryptoLoss #DeFi #BAYC
Talk about a rollercoaster! Taiwanese music celebrity and major crypto investor Jeffrey Huang, famously known as "Machi Big Brother," is facing a nearly $9 million floating loss on his Hyperliquid position.
His account, which is linked to a popular Bored Ape Yacht Club collector, has seen a massive reversal from what was a significant profit. The article states that the account is approaching this floating loss on the decentralized exchange (DEX).
Despite the huge loss, that Machi Big Brother and other large investors are still betting on the price of the XPL token recovering.
It's a stark reminder of the high-stakes, volatile nature of crypto trading, even for the biggest players!
👇
#CryptoNews #MachiBigBrother #JeffreyHuang #Hyperliquid #XPL #CryptoLoss #DeFi #BAYC
This Week in Web3 and NFTs
Welcome to the OpenSea Digest, where we review the biggest NFT and web3 news of the week.
Jack Butcher Debuts Opepen-themed “Oviators” Sunglasses
In the latest fusion of fashion and digital art, Florentine eyewear designer Salvino Armati and Checks founder Jack Butcher have teamed up to launch a collection of Oviators eyewear that pays homage to Butcher’s famous Openen line.
The eyewear collection debuted during Art Basel Miami in an exhibition space in Miami’s iconic Wynwood neighborhood.
Each pair of Oviators — black rimless lenses designed in the now-famous Opepepen silhouette shape — can be redeemed by purchasing a special-edition NFT.
Jack Butcher Debuts Opepen-themed “Oviators” Sunglasses
In the latest fusion of fashion and digital art, Florentine eyewear designer Salvino Armati and Checks founder Jack Butcher have teamed up to launch a collection of Oviators eyewear that pays homage to Butcher’s famous Openen line.
The eyewear collection debuted during Art Basel Miami in an exhibition space in Miami’s iconic Wynwood neighborhood.
Each pair of Oviators — black rimless lenses designed in the now-famous Opepepen silhouette shape — can be redeemed by purchasing a special-edition NFT.
🔶😇
Twitter CEO Yugalabs Daniel Alegre has been suspended. Yuga announced this through their Twitter account and warned users not to click on any links to stay safe ✅
https://twitter.com/yugalabs/status/1653524253411627009?s=20
#nftcommunity #bayc #NFT #nftcommunity
Twitter CEO Yugalabs Daniel Alegre has been suspended. Yuga announced this through their Twitter account and warned users not to click on any links to stay safe ✅
https://twitter.com/yugalabs/status/1653524253411627009?s=20
#nftcommunity #bayc #NFT #nftcommunity
This Week in Web3 and NFTs (35)
Welcome to the OpenSea Digest, where we review the biggest NFT and web3 news of the week.
Azuki announces anime series
Chiru Labs, creators of hit PFP projects Azuki and Beanz, are teaming up with famed Japanese animation director Goro Taniguchi to create an anthology series.
Taniguchi, known for his iconic projects Code Geass and One Piece: The Movie: Red, reportedly sees the collaboration as an opportunity to bring animation to new audiences and open doors for Japanese creators.
Azuki has also partnered with advertising giant Dentsu and plans to release three stories under the partnership, each with a unique director and character artist. The series is part of Azuki's strategy to deliver diverse content to bring Azuki's universe to life. Integrated with innovative web3-driven storytelling.
Azuki announces anime series
Chiru Labs, creators of hit PFP projects Azuki and Beanz, are teaming up with famed Japanese animation director Goro Taniguchi to create an anthology series.
Taniguchi, known for his iconic projects Code Geass and One Piece: The Movie: Red, reportedly sees the collaboration as an opportunity to bring animation to new audiences and open doors for Japanese creators.
Azuki has also partnered with advertising giant Dentsu and plans to release three stories under the partnership, each with a unique director and character artist. The series is part of Azuki's strategy to deliver diverse content to bring Azuki's universe to life. Integrated with innovative web3-driven storytelling.
NFT: The Magical Realism of the Digital World, Your Avatar Might Be More Expensive Than Your House!
From a cat to a house, how is NFT driving the world crazy?
Do you remember the 'CryptoKitties' that sold for millions of dollars in 2017? Yes, it's that pixelated cat that looks like it was drawn with Windows 95. At the time, everyone thought the world was crazy - a virtual cat was actually more expensive than a real cat! But who would have thought this was just the beginning of the magical realism of NFTs (non-fungible tokens).
Now, NFTs have evolved from 'CryptoKitties' to 'crypto art', 'crypto real estate', and even 'crypto socks'. Yes, you heard it right, socks can also be NFT-ed, and the price might be more expensive than all the socks in your wardrobe combined. Today, let's talk about this NFT world that has driven countless people crazy and puzzled many others.
Do you remember the 'CryptoKitties' that sold for millions of dollars in 2017? Yes, it's that pixelated cat that looks like it was drawn with Windows 95. At the time, everyone thought the world was crazy - a virtual cat was actually more expensive than a real cat! But who would have thought this was just the beginning of the magical realism of NFTs (non-fungible tokens).
Now, NFTs have evolved from 'CryptoKitties' to 'crypto art', 'crypto real estate', and even 'crypto socks'. Yes, you heard it right, socks can also be NFT-ed, and the price might be more expensive than all the socks in your wardrobe combined. Today, let's talk about this NFT world that has driven countless people crazy and puzzled many others.
Who benefits most from NFT adoption?
NFT hype peaked in 2021, with record sales and celebrity promotion, however, market and global attention declined throughout 2022 as trading volumes and floor prices fell, a downturn that led some to question the applicability of NFT technology itself.
However, NFTs are far from dead, and their development continues, albeit in a less speculative direction than provocative digital art. Now, more functional types of NFTs are emerging, with some industries using them for gaming, virtual real estate, tokenization of physical assets, and more. In this article, we’ll look at some of the applications of NFTs and why they are far from dead.
However, NFTs are far from dead, and their development continues, albeit in a less speculative direction than provocative digital art. Now, more functional types of NFTs are emerging, with some industries using them for gaming, virtual real estate, tokenization of physical assets, and more. In this article, we’ll look at some of the applications of NFTs and why they are far from dead.
Despite increased trading activity, the global NFT market value plummets by 45%
In the past 30 days, the global non-fungible token (NFT) market value has shrunk by nearly half, from $6.6 billion to $3.5 billion.
According to Cointelegraph, although trading activity increased in October, the sharp decline of 45% indicates that investor confidence remains fragile.
Data from CryptoSlam shows that NFT sales for the month reached $631 million, up 13% from September, mainly due to the market's renewed interest in Bitcoin and Base NFTs, which grew by 9% and 24%, respectively.
Meanwhile, the performance of other blockchains has been much worse - BNB Chain and Polygon fell by 82% and 86%, respectively, while the largest NFT ecosystem, Ethereum, also dropped by 25.5%.
According to Cointelegraph, although trading activity increased in October, the sharp decline of 45% indicates that investor confidence remains fragile.
Data from CryptoSlam shows that NFT sales for the month reached $631 million, up 13% from September, mainly due to the market's renewed interest in Bitcoin and Base NFTs, which grew by 9% and 24%, respectively.
Meanwhile, the performance of other blockchains has been much worse - BNB Chain and Polygon fell by 82% and 86%, respectively, while the largest NFT ecosystem, Ethereum, also dropped by 25.5%.
$APE
Apechain's launch completely activated the NFT market, and the floor price of Yuga Labs' NFT series rebounded, including: BAYC floor price is now 12.38 ETH, a 24-hour increase of 9.37%; MAYC floor price is now 2.14 ETH, a 24-hour increase of 18.4%, BAKC floor price is now 0.38 ETH, a 24-hour increase of 24.35%; Otherside Koda floor price is now 0.99 ETH, a 24-hour increase of 23.91%.
#APEUSDT #apechain #nft #bayc #meme板块关注热点
Apechain's launch completely activated the NFT market, and the floor price of Yuga Labs' NFT series rebounded, including: BAYC floor price is now 12.38 ETH, a 24-hour increase of 9.37%; MAYC floor price is now 2.14 ETH, a 24-hour increase of 18.4%, BAKC floor price is now 0.38 ETH, a 24-hour increase of 24.35%; Otherside Koda floor price is now 0.99 ETH, a 24-hour increase of 23.91%.
#APEUSDT #apechain #nft #bayc #meme板块关注热点
#PudgyPenguins floor price hits above 20 #ETH , now trading higher than #BAYC . Read through my thoughts on the upcoming #pengu token airdrop here: Pudgy Penguins Background Story
$ETH
$ETH
This Week's Web3 and NFT Highlights (108)
Welcome to the OpenSea Digest, where we recap this week's major news in NFTs and Web3.
MMO shooter BloodLoop will launch on the Epic Games Store on June 23.
Swiss game studio Ragnarok Games will launch BloodLoop, a free dystopian hero shooter with NFT-driven items, in early access on the Epic Games Store on June 23.
The game is set in the year 2191, where three factions battle in a virtual arena, utilizing gravity manipulation abilities and skill-based tactics. Players can participate in team deathmatches, energy battles, or free-for-all modes, earning and trading on-chain equipment during combat.
MMO shooter BloodLoop will launch on the Epic Games Store on June 23.
Swiss game studio Ragnarok Games will launch BloodLoop, a free dystopian hero shooter with NFT-driven items, in early access on the Epic Games Store on June 23.
The game is set in the year 2191, where three factions battle in a virtual arena, utilizing gravity manipulation abilities and skill-based tactics. Players can participate in team deathmatches, energy battles, or free-for-all modes, earning and trading on-chain equipment during combat.
🔥 $APE x BinanceUS = Power Move!
ApeCoin’s Boost campaign is now live on BinanceUS — giving holders a chance to earn, trade, and collect massive rewards while enjoying ultra-low fees. 🦍💰
This collab brings new utility and incentives for the $APE community — but hurry, these boosted rewards won’t last forever! ⚡
#ApeCoin #BinanceUS #BAYC #ape #BinanceSquareFamily
ApeCoin’s Boost campaign is now live on BinanceUS — giving holders a chance to earn, trade, and collect massive rewards while enjoying ultra-low fees. 🦍💰
This collab brings new utility and incentives for the $APE community — but hurry, these boosted rewards won’t last forever! ⚡
#ApeCoin #BinanceUS #BAYC #ape #BinanceSquareFamily
My Assets Distribution
APE
DOLO
Others
63.11%
21.73%
15.16%
This Week in Web3 and NFT (83)
Welcome to the OpenSea Digest, let’s recap the biggest NFT and web3 news of the week.
Amber Vittoria launches 'Auras'
On December 12, abstract artist Amber Vittoria released her latest series 'Auras' on Coinbase Layer 2 (L2) Base, consisting of colorful, dreamlike NFTs. After a three-phase sale for VIPs and the public, this collection of 550 abstract pixelated artworks sold out before noon.
As described in the series, each Aura represents an emotional snapshot of the human experience. Vittoria avoids coding rarity into the artwork or adding utility to reinforce the idea that each piece is a celebration of complex emotions, unique in its own right.
Amber Vittoria launches 'Auras'
On December 12, abstract artist Amber Vittoria released her latest series 'Auras' on Coinbase Layer 2 (L2) Base, consisting of colorful, dreamlike NFTs. After a three-phase sale for VIPs and the public, this collection of 550 abstract pixelated artworks sold out before noon.
As described in the series, each Aura represents an emotional snapshot of the human experience. Vittoria avoids coding rarity into the artwork or adding utility to reinforce the idea that each piece is a celebration of complex emotions, unique in its own right.
The loss of Yuga Labs behind becoming the "LVMH of NFT"
When Yuga Labs announced the acquisition of PROOF, the development team of Moonbirds, there was almost no doubt about Yuga Labs’ “LVMH of NFT” label.
Now, Yuga Labs owns top NFT IP/projects such as CryptoPunks, BAYC, MAYC, BAKC, "Monkeyland" Otherdeed, Meebits, Moonbirds, etc. These projects occupy 8 of the top 15 projects with the largest transaction volume in OpenSea history.
But at the same time, Yuga Labs also encountered the most powerful challenger in history. On February 17, the floor price of Pudgy Penguins surpassed BAYC for the first time. Contrary to Yuga Labs’ continuous progress in acquisitions in recent years, “Boring” The charm of "ape" is constantly fading.
Now, Yuga Labs owns top NFT IP/projects such as CryptoPunks, BAYC, MAYC, BAKC, "Monkeyland" Otherdeed, Meebits, Moonbirds, etc. These projects occupy 8 of the top 15 projects with the largest transaction volume in OpenSea history.
But at the same time, Yuga Labs also encountered the most powerful challenger in history. On February 17, the floor price of Pudgy Penguins surpassed BAYC for the first time. Contrary to Yuga Labs’ continuous progress in acquisitions in recent years, “Boring” The charm of "ape" is constantly fading.
🔶️😇
Gucci is ✨️🚀
Continuing to explore the #Metaverse the House comes together with #yugalabs
Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital #nftcommunity #bayc #NFT
Gucci is ✨️🚀
Continuing to explore the #Metaverse the House comes together with #yugalabs
Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital #nftcommunity #bayc #NFT
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