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

PonyoResearch Analyst / Xangle

Mar 21, 2023

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

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