CryptoPunks hit a three-year low, the era of Ethereum NFT ends｜Rune + NFT Observation 0612

Welcome to today's rhythm BlockBeats "Rune + NFT Observation". At the beginning of today, I want to discuss the topic:

 

Is the Ethereum NFT era over?

 

I believe that you who will continue to watch the articles in this column are players who love NFT like me. Owning a CryptoPunks is the ultimate dream of many NFT players, including you and me, when they first come into contact with NFT.

 

And now, the floor price of CryptoPunks has fallen below 30 ETH, which is the first time since August 2021.

 

 

Another thing that makes me feel sad is that the full set of gold skin BAYC + 2 MAYC + BAKC, a total of four Yuga Labs NFTs, which Three Arrows Capital purchased for a total of about 140 ETH in August 2021 and March 2022, will be auctioned at Sotheby's on June 18. At the peak of NFT, the price of this asset should have exceeded 1,000 ETH. Now, the floor price of BAYC is less than 12 ETH.

 

 

According to cryptoslam.io, in the past 30 days, the top four networks in terms of real transaction volume are Bitcoin, Ethereum, Solana and Polygon. In the past 30 days, the total transaction volume of Ethereum NFT is less than 160 million US dollars. The total transaction volume of Solana and Polygon ranked 3rd and 4th is more than 148 million US dollars, almost close to Ethereum, which was completely unimaginable in the past. Although Bitcoin NFT, which ranks first in transaction volume, only maintains a slight advantage of more than 10 million US dollars, the monthly real transaction volume of Bitcoin NFT has been greater than that of Ethereum since March.

 

Although cryptoslam.io also counts the transaction volume of BRC-20 as an inscription on the chain, the transaction volume of Bitcoin NFT ecology is not so "pure". But in my opinion, Bitcoin NFT players themselves are a group that cannot be separated from pictures, runes, and BRC-20, which is why I still think Bitcoin NFT wins at this stage.

 

I never thought that the golden age of NFT is gone forever. We will see the results of continued construction eventually reflected in market performance, just like this NFT value curve chart by Pizza Ninjas founder @TO , we will come back, just like we never left.

 

 

But everything will pass, and maybe the golden age of Ethereum as the absolute center of NFT has come to an end.

 

After the discussion, let's continue to observe the project.

 

 

Observation of New NFT Projects

 

Writ of Passage by The Beacon

 

 

The Beacon @The_Beacon_GG was once a phenomenal chain game on Arbitrum. It became popular at the end of 2022. At that time, we also gave a detailed introduction to the project as soon as possible (related reading: The Beacon: A "dungeon" game on Arbitrum and TreasureDAO ).

 

A year and a half has passed in the blink of an eye. The Beacon recently updated the new event "The New Frontiers". By completing a series of game and social tasks, you can get points to open the treasure chest, from which you can get future The Beacon, $ARB and game props rewards. One of the rewards is the new NFT series "Writ of Passage" whitelist that will be released soon.

 

Writ of Passage is a bit like the "battle pass" of The Beacon ecosystem. In the future, you can complete tasks to upgrade it to get more The Beacon Token airdrops, enter the second and third phases of the "The New Frontiers" event, and enjoy the priority experience of future new versions of The Beacon and even new games.

 

At present, we don’t know the total supply and casting price. What is known is that the series is scheduled to be cast in early July. The way to get the whitelist is to participate in "The New Frontiers". The more points you have, the greater the chance of getting the whitelist. Interested friends should act quickly.

 

Qio

 

 

Qio @QioLabs is the first blockchain social application made on Apple Vision Pro. The angle is a bit pioneering, so I put it in... The investor lineup of this project includes Folius Ventures, Merit Circle, The Spartan Group, Animoca Brands and Galaxy, which is quite strong.

 

No more known information at present.

 

The Sports Meta

 

 

The Sports Meta @TheSportsMeta is an Ordinals PFP series with a total supply of 3000, and the minting price and time are unknown. The project is actually to build a Web3 sports community, based on which to build a gamified social platform "Dot Game" and a fashion brand "DXNK".

 

Their advisory team includes well-known figures in the NFT and even Crypto circles such as @andr3w and DeGods co-founder artist @jonnydegods .

 

Scribbles

 

 

Scribbles @Scribblesby0xVM is an NFT project of @0xVM_BTC . 0xVM is a "modular Bitcoin execution layer". The partners mentioned so far include Razer, Jump Crypto, Huobi and Zentry.

 

From some of the art previews that the project has released, I am not sure if this is a PFP series... But from the perspective of empowerment, 0xVM's future token airdrops, pre-sale priority, and ecological partner benefits are mentioned, so the series is classified as a Pass card first.

 

The total supply is 888, Free Mint.

 

Bitcoin Keys

 

 

Bitcoin Keys @keysbitcoin What we want to do is to create an Ordinals staking platform that does not require the transfer of NFT assets. Through the snapshot method, Bitcoin NFT holders can also stake with their own small pictures.

 

Initially, the platform is only open to Bitcoin Keys holders, with a total supply of 1,000 and a minting price to be determined.

 

Rune Observation

 

In the previous observation column, we mentioned REX. Meme is definitely the most important part of the rune ecosystem, but in addition to meme, I also hope to see some more interesting gameplay. So, this issue we mention 2 more interesting runes. But first, we must pay attention to a free rune airdrop that will take place in about 13 hours.

FOR•THE•CHILDREN

 

Earlier this month, rap legend and Wu-Tang Clan member Ghostface Killah exchanged his PFP for Bitcoin Puppets. Apparently, he likes Ordinals very much, so he promoted this rune FOR•THE•CHILDREN.

 

 

The story of this rune ticker dates back to the 40th Grammy Awards in 1998. Wu-Tang Clan missed the Best Hip-Hop Album Award that year. When Shawn Colvin went on stage to accept the Best Song of the Year Award, the late Wu-Tang Clan member Ol' Dirty Bastard walked onto the stage and talked about the Best Hip-Hop Album Award, saying that Wu-Tang Clan was the best, and left the classic phrase "Wu-Tang is for the children", creating a historic classic scene at the Grammy Awards and even various music award ceremonies.

If you have the top Ordinals project, don't forget to check whether you can claim the airdrop of this rune in about 13 hours. ( Portal )

 

NO•ORDINARY•KIND

 

This is the 120th rune deployed by Seize CTRL @SeizeCTRL . Borrowing Dr. Golden Dog's introduction, "CTRL's self-positioning is the native cultural brand of Bitcoin in the post-fiat currency era." CTRL is definitely an OG in playing art on rare satoshis, such as the following series, which is all engraved on Uncommon satoshis, with a total of 404, and the floor price is now 0.075 Bitcoin.

 

 

Last week, Seize CTRL released a new parkour game "Stack Sats", and players have a chance to get a guaranteed white from the new series "n0k" and an airdrop bonus coefficient for the NO•ORDINARY•KIND rune. It’s worth a try.

 

THE•INFINITE•MONEY•GLITCH

 

Their @TheInfiniteXYZ meme is really good, so much so that I spent some time to confirm whether they are really going to make a Degen game on Bitcoin... In the end, my conclusion is that they will do it, because the official pinned tweet video mentioned "Game Item Mint" at the end.

 

This is a Pre-Runes, that is, a project with "mining machines" pre-mining. I won’t introduce the specific corresponding project here. Interested viewers can find out for themselves. I keep an eye on the specific gameplay of their game, but I haven’t seen what kind of game it will be yet.