NFT Updates Weekly

What are NFTs Weekly Update (Week 5, 02/01/2022-02/08/2022)

 

 

NFT-based money laundering exploded in 2021, experts concerned with 2022.

What are NFTs

 February 11, 2022

Key Takeaways

  • Lupe Fiasco will release NFTs announced last year ahead of his album. He’ll also make Hustlaz available on all streaming platforms. The rapper has also announced many other NFT ventures to come in the future.
  • Nike has sued StockX over sneaker NFTs being used without their permission. Nike accuses StockX of minting NFTs that use Nike’s trademarks and marketing them as their goodwill with heavily inflated prices.
  • Crossroad NFT sells for $6.6 million on Nifty Gateway. This animated NFT features former US President Donald Trump laying on a field while being ignored by bystanders.

Top Artists

The following table shows top artists (by primary sales volume on each platform) and their art samples.

Azuki. 7-Day Sales Volume: ETH 10,005.52 on OpenSea.

Azuki gives you access to The Garden: a corner of the internet where artists, builders, and web3 enthusiasts meet to create a decentralized future.

by Hapebeast. 7-Day Sales Volume ETH 14,491.03 on OpenSea.

Unique, fully 3D and built to unite the ape multiverse.

Cool Pets by CoolPetsDeployer. 7-day Sales Volume ETH 9,521.83 on OpenSea.

Cool Pets is a collection of 19,999 NFTs that are procedurally generated based on item interaction.


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