Dipping Into The Deep Dive
Good morning, everyone! We’re back from vacation, so you know what that means…the Daily Deep Dive is back! It seemed like a lot happened while I was gone as well. Crypto Prices soared to yearly highs, leaving us with a Crypto Market Cap above 110 Trillion. NFT projects are also experimenting with BTC, with DeGods releasing their latest project with extreme success. Doodles also took some heat over the past week, and VeeCon released their speaker's panel. Super exciting, and I could not wait to return, so without further adieu, let’s dive right in!
https://twitter.com/JosshFos1
Daily Deep Dive
By: JoshuaLovesEth
Diving Into Crypto Prices
Crypto Market Cap: $1.17 Trillion with 2.02% decrease in the past 24hrs
ETH $1,756.60 (ATH this week: $1,846.77 ATL: $1,613.70) -3.58%
BTC $27,666.39 (ATH this week: $28,578.63 ATL: $23,912.00) -1.60%
APE $4.12 (ATH this week: $4.86 ATL: $4.00) -6.29%
SOL $23.03 (ATH this week: $23.99 ATL: $18.76) +2.46%
Diving Into The Top NFT’s
Mutant Ape Yacht Club 13.1 ETH FP, 3.40k ETH in daily volume
Azuki 13.50 ETH FP, 1.72k ETH in daily volume
Cool Cats NFT 1.45 ETH FP, 478 ETH in daily volume
Pudgy Rods 0.75 ETH FP, 649 ETH in daily volume
Otherdeed for Otherside 1.67 ETH FP, 917 ETH in daily volume
Diving Into The Highest NFT Volume of The Week
Mutant Ape Yacht Club 15.31 ETH FP, 25k ETH in daily volume (+73%)
HV-MTL 1.92 ETH FP, 9.42k ETH in weekly volume (---)
Bored Ape Yacht Club 63.25 ETH FP, 9.09k ETH in weekly volume (-26%)
Azuki 13.50 ETH FP, 9.02k ETH in weekly volume (-26%)
MG Land 0.04 ETH FP, 8.36k ETH in weekly volume (+2%)
Diving Into The Highest NFT Volume
Mutant Ape Yacht Club 13.1 ETH FP, 3.50k ETH in daily volume (+195%)
Azuki 13.1 ETH FP, 1.59k ETH in daily volume (+39%)
Bored Ape Yacht Club 63.25 ETH FP, 1.02k ETH in daily volume (+108%)
Doodles 3.76 ETH FP, 887 ETH in daily volume (-28%)
Otherdeed for Otherside 1.65 ETH FP, 866 ETH in daily volume (+29%)
Digging Deep Into The News of The Day
In recent times, a lot of popular NFT projects are hopping on the BTC chain. Some of these projects have done exceptionally well and could pave the path for a new wave of NFTs. OnChainMonkeys and TwelveFold executed their BTC drops at a high level. DeGods may have just set a new bar, though. The project managed to mint their collection in a single block of BTC, which means it sold extremely fast.
This is not the only part of their success story. They are building a trading platform specifically for their NFTs, creating exclusive clothing for holders to flex, and refunding all those who had issues or mishaps with the project.
Many people are wondering why the project decided to release a BTC collection. There isn’t a direct utility. It is just an essential history collection on BTC. Well, I talked to some people, and the answer seems obvious. Project funding. During dark times like these, projects need to reevaluate how they pay and produce income for the team, and this could’ve been their route. With fewer and fewer VC funds coming into the market, projects are forced to get crafty to stay afloat. Props to you and the team, Frank for coming up with this and executing it at a high level.
Drama and Events in The Space
RTFKT Forge Date
Who are the VeeCon Speakers?
Doodles Under Fire After ‘No Longer an NFT Project’ Comment:
Microsoft Edge Reciving Built-In Wallets
TwelveFold Artist Shares Details On The Future