NFT Library Issue - #37

Welcome to Turkey's First, Only & Most Read NFT Newsletter!

Mar 30, 2022

Weekly NFT News

- Two people who went missing after releasing an NFT collection called 'Frosties' and collecting 1.1 million dollars in the past months, were arrested in the USA. The youngsters, who started their projects and closed their Twitter and Discord accounts after selling them all, were stopped months later by law enforcement while preparing a new project, due to accusations of 'Rugpull' and 'Electronic Fraud'.

- The distraction of a seller in the Bored Ape Yacht Club collection cost hundreds of thousands of dollars again. It is estimated that the owner of BAYC NFT #835 accepted the 115 DAI ($115) offer, assuming it was 115 $ETH. The buyer who sold the work put NFT up for sale for 106 $ETH.

- Not a day goes by that another celebrity doesn't buy BAYC. World-famous star Madonna tweeted, "I finally entered the Metaverse." While Madonna paid 180 $ETH to the NFT in question, Madonna's move was widely covered in the world press.

- Ukraine announced in the past weeks that it will cancel the airdrop it will hold for those who donate to the country and the army, and release an NFT collection. The expected collection has arrived, Ukraine has opened an online NFT museum in order not to forget the war. The collection consists of 54 works depicting events between February 24 and 26. The proceeds of the collection, which will be available from March 30, will be used to support the Ukrainian army and civilians affected by the war.

- Metaverse fashion week took place in Decentraland from March 24-27. Estée Lauder, Dolce & Gabbana, Forever 21, Tommy Hilfiger and more than 70 brands attended virtual fashion events. In the event, which hosted many important speakers, the opening of the Luxury Fashion District in Decentraland was also held.

- The world-renowned cosmetics brand based in New York, MAC Cosmetics will launch their NFT on the Polygon network to help young people affected by HIV/AIDS. Partnering with ConsenSys for the project, MAC Cosmetics' NFT collection consists of 5275 pieces with different price ranges and rarities.

- OpenSea announced that, they are going to start supporting Solana in April 2022.

Collection Corner

World of Women is a collection that was started with the aim of increasing women's involvement in the NFT field and creating diversity. With the support of famous names in the NFT community such as Artchick and Pranksy, they achieved a success with the sale of the entire collection in as little as 10 hours. In addition, they signed with Universal Music Group and uprising artist Kendra Jae and partnered with Coinbase.

Stating that they want to increase their team's visibility and help emerging artists over time, the Wow team draws attention as the NFT collection in which women are at the forefront.

We observe that they donate more than $250,000 to charities such as She's the First, Code to Inspire, Too Young To Wed, and La Maison des Femmes and that they value women.

Not wanting to be limited to just the NFT universe, the WoW team aims to create an iconic global brand. Sales of $79 million were made in the first day.

You can click here to view the collection pieces.

Unique NFT Dictionary

Roadmap:

Roadmap is an NFT project's description of its future products and work, in a way that is accessible to everyone, by specifying the date. In this way, the investor can follow the work of the team and see whether they fulfill their promises. The term roadmap is also frequently used in cryptocurrency projects.

Platform Review: BAYC & Apecoin

One of the most popular NFT projects, Bored Ape Yacht Club is a digital artwork collection of 10,000 different unique tokens (NFTs). In each image, a caricatured monkey is depicted with a unique facial expression, equipped with various colors and features. Since the collection was released in April 2021, many celebrities have shown intense interest in the collection itself and in purchasing the collection. The value of the collection has increased rapidly since its first day on the market.

ApeCoin, which was previously signaled by the BAYC team, was officially announced on March 16 and started trading on many exchanges on March 17.

Yuga Labs, the creator of BAYC, which offers APE Coin, received an investment of 450 million dollars. With the participation of Animaco Brands, Coinbase and MoonPay in the investment tour led by Andressen Horowitz, the valuation of Yuga Labs rose to $ 4 billion.

In addition to being a token, ApeCoin is also a DAO project. People holding ApeCoin will have voting rights within the DAO. However, the fact that the sale of BAYC commercial products will only take place with ApeCoin has raised questions about the decentralization of the DAO.

You can click here to learn more about BAYC and ApeCoin.