Top NFT News of the Week | January 17th.

Another week has passed, and it's time for a new recap of the land of Jpegs! The NFT market has been trending up in the past three weeks, starting the year with a healthy performance. This is also a result of the recent pump of Bitcoin and Ethereum, as well as some meaningful NFT releases and news that have been announced in the last couple of weeks. Let's dive

In this report:

• Dookey Dash: The latest release by Yuga Labs
• Limit Break announces its open-source software for NFTs
• Azuki announces their virtual world
• Logan Paul attempts to recover his CryptoZoo NFT collection
• National Geographic NFT collection
• NFT Charts and Market Statistics

Top NFT News of the Week

• Limit Break, the company behind the NFT collection DigidaiGaku, is pushing the NFT sector forward with its open-source tool for NFTs. The announcement came in from a 28-part tweet thread. In short, here are the highlights of the recent announcement regarding their open-source tool:
  • New NFT Royalty Sharing: Creators will have the ability to share royalties with token holders. Usually, the marketplace and the creator take the royalties. But this time, the holders can generate royalties in perpetuity. This way, everyone is incentivized to increase trading volume.
  • Non-token holders of NFT collections will be able to receive royalties. How? Similar to an affiliate program. People promoting specific NFTs can be compensated for promoting a project and will get a royalty from the sales generated.
  • The Minimum Floor Operator contract will allow creators to define a minimum sale price for NFTs on individual tokens or the entire collection. This means NFTs will have a controlled minimum price across all marketplaces to protect projects from crashing.
  • Additionally, they announced their plans to launch a Super Bowl commercial promoting DigidayGaku, which will take place four months from now.
  • Read all about the recent announcement in this medium article. After these news, DigidaiGaku has gone up from 9E to 12E.

• To celebrate their 1st anniversary, Azuki recently announced Hilumia. A virtual world where token holders can interact with each other. Hilumia teases what's coming in the future for the NFT collection. Here's what you need to know.
  • Hilumia is a metaverse built by the Axuki Team. It features multiple events and locations, each becoming a unique experience.
  • Hilumia is a virtual world where NFT holders can showcase and sell their digital assets, as well as interact with other members of the community.
  • Hilumia will also feature virtual stores, galleries, and other interactive experiences for NFT holders.
  • Since the announcement, the floor price of the collection has appreciated 25% in value, currently trading at 15.5E (~USD $24.550).
  • The specific release date is yet to be announced.

• Yuga Labs will release the highly anticipated Dookey Dash Game on January 20, and here are the highlights:
  • BAYC and MAYC owners can claim a free Sewer Pass (game pass).
  • Non-token holders will be able to buy the game pass in secondary markets.
  • You will need to accumulate points in the game. The higher the score, the better the reward you get.
  • Once you have your pass, with a score, you will be able to participate in the upcoming mint. They gave hints on keeping this past as it evolves in the future. All available information is presented on the official YugaLabs news page.
  • The game will be available to play until February 8.

• Logan Paul launched CryptoZoo a while ago, and there were lots of drama surrounding this project after it was accused of being a scam by cryptozilla. But Logan Paul has devised a plan to support the purple who purchased his NFTs. Here's how the plan looks:
  • Logan Paul and Jeff Levin (his manager) will burn their Zoo tokens so they have no financial upside in the game.
  • Logan will offer a rewards program for players disappointed in the game, who can burn an NFT for the mint price 0.1 ETH_ or equivalent in BNB, Logan is committing $13 million for players who want to get out.
  • Finish and deliver the game as outlined in the whitepaper.

• National Geographic launched its first NFT collection on Polygon, but the launch didn't go as planned. It had some technical difficulties while launching the collection on OpenSea. Additionally, NatGeo faced criticism from the community, with some individuals taking issue with the environmental impact of minting NFTs and others questioning the relevance of National Geographic's involvement in the NFT space. For example, they posted an image of a Bored Ape on Instagram, and other social media accounts, only to receive negative comments, calling NFTs a “scam” and a “bubble that already popped.” Despite the technical issues and backlash, the NFTs have sold reasonably well, and the proceeds will be used to support National Geographic's non-profit mission. The collection features work from different recognized photographers.

NFT Charts & Statistics

The NFT market appears to be experiencing a slight price decline while trading volumes have remained stable. The “Memes by 6529” collection has recently gained much attention, with substantial sales in the last couple of weeks. Mutant Hounds continue to experience high volume in trades. This week we see lots of collections with red numbers. This may be due to the recent increase in the price of Ethereum vs. USD. Naturally, the floor price of collections experiences a correction in value as they are also linked to the USD.

At the start of 2023, the NFT market has been performing well, with a steady volume of transactions. However, the market has slowed down this week compared to the previous two weeks. Among the various NFT marketplaces, Blur.io continues to lead with the highest volume.

That's all for this week's update! Make sure you subscribe to our new's letter! We'll see you again next week with another recap! Stay safe! Stay bullish!

About Flagship

Flagship is an easy-to-use DeFi platform. We provide you access to early investment opportunities across emerging crypto sectors through our cross-chain ecosystem of decentralized funds and a network of experts.

• Join our Discord to be part of our active community and discover new assets and opportunities
• Check out our website and whitepaper here
• Get in touch with the team

We’d love to have you onboard!