[NFT Weekly] OpenSea Proxy Contract, Bitcoin DeGods, Claynosaurz & More!

Translated by elcreto

Top NFT Floor Price

Market News

OpenSea Introduces Proxy Contract for Lower Gas Fees - Link

• OpenSea has introduced proxy contracts to cut gas costs for creators.
• Creators can choose either standard or proxy contracts. Proxy contracts cover fewer offerings than standard contracts but allow creators to save up to 90% on gas fees.

Yuga Labs Debuts TwelveFold on generative.xyz - Link

• Yuga Labs’ TwelveFold, a collection of its first Bitcoin ordinal inscriptions, is now available on Bitcoin NFT marketplace generative.xyz.
• TwelveFold can be bought and sold from MetaMask with 0% marketplace fees.

Microsoft Tests Crypto Wallet in Edge Browser - Link

• Microsoft is reportedly testing integration of Web3 wallets into its web browser, Edge.
• Along with the support for crypto swap, transfer, and purchase, the wallet will be embedded in the web browser, making it unnecessary to install any extension.
• This is viewed as an attempt to upgrade Edge. Microsoft has recently integrated ChatGPT into its Bing search engine.

Most Hyped

Bitcoin DeGods

• FP: 0.55-0.65 BTC
• It is a collection of the 535 burned DeGods coming back to life as ordinals.
• DeGods ordinals can be purchased using an OTC spreadsheet available in the DeDAO Discord.
• Currently, DeGods is the most traded collection among ordinals.

Claynosaurz - MagicEden

• FP: 78 SOL (vs Mint Price: 10 SOL)
• Claynosaurz topped the list of most traded NFTs in Magic Eden over a one-week period.
• Claynosaurz is a collection of 3D animated dinosaur NFTs created by animators who have worked on Hollywood films, such as Minions, Jurassic Park, The Avengers, and Avatar 2.
• While the NFTs lack utility, the general consensus is that they are both cute and of high quality.

On-chain Analysis

Week-on-Week Changes: Ethereum NFTs

• Total volume of NFTs traded: 18.3% WoW
• Total value of NFTs traded: 2.4% WoW

Top 10 Projects by 7D Trading Volume

7D Trading Volume by Segment (Based on Ethereum)

• PFP (66.1%) has cemented its lead, leaving the second and third most traded sectors—utility (11.2%) and art (5.4%)—further behind.

7D Trading Volume by Blockchain

• The dominance of Ethereum edged down 2.3%, shrinking from 78.0% to 75.7% over the past week.

Previous NFT Weekly Reports

• [NFT Weekly] Yuga Labs’ Otherside 2nd Trip, Gitcoin Presents’ Parabolic Surge & More
• [NFT Weekly] Yuga Labs TwelveFold, Polygon-Daehong Partnership & Owls 9000% Moonshot
• [NFT Weekly] $BLUR Listing & DigiDaigaku’s Super Bowl Ad
• [NFT Weekly] MetaKongz Price Surge, Hype for Checks & On-chain Analysis!

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