The NFTea Times

News

Welcome to issue 1 of The NFTea Times

Welcome to the first edition of The NFTea Times, your daily dose of all things NFT and Web3. In this edition, we bring you a curated selection of news and highlights from the world of NFTs, including upcoming drops, Twitter highlights, and links to videos and events.

Highlights of this edition include a NFT music charts, an ordinal drop by Yuga, and more highlights from this week. We've also included links to some must-see videos and events in the NFT space, so you can stay up-to-date on the latest trends and developments.

At The NFTea Times, our goal is to bring you the most relevant and exciting news and information about NFTs and Web3, all in one convenient place. So if you're a fan of NFTs, or just curious about this exciting new space, be sure to subscribe and share with your friends. And if there's anything you'd like to see in future editions, don't hesitate to let us know. Thanks for joining us, and we'll see you in the next edition of The NFTea Times!

Game Engine Unity Expands to Blockchain

Unity, a cross-platform game engine, is now supporting decentralization in gaming, per a press release from today.

What It Means

The "Decentralization" category page on the Unity Asset Store now has 13 compatible solutions. Developers can use software development kits (SDKs) to integrate NFTs, tokens, and on-chain programs into Unity-based games. They'll also be able to integrate marketplaces and facilitate interaction with wallets.

Biggest Music NFTs in February: Violetta Zironi, Rihanna, Snoop Dogg, Tycho, KINGSHIP – Billboard

February was a big month for music and NFTs. Spotify plugged into Web3 with a token-gated playlist experiment, while Def Jam Records signed a virtual band. Snoop Dogg returned with a fresh NFT drop and Rihanna fans got the chance to own streaming royalties in “Bitch Better Have My Money,” right in time for her Super Bowl halftime show — although the NFT drop was not without controversy.

Overall, crypto prices crept higher in February, with Ethereum now up 46% from the start of the year. Based on analysis of sales data from 19 different NFT platforms, independent releases combined with secondary sales volume on OpenSea, here are the 10 biggest-selling music NFTs and collections in February 2023.

Galaxy predicts Bitcoin NFT Market to reach $4.5 billion by 2025

According to a report by Galaxy Digital analysts, Bitcoin Ordinals’ rapid growth during the last month is just the beginning. The prediction is based on Bitcoin-based non-fungible tokens, currency market facilities and chances of taking away market share from Ethereum. Galaxy Digital has predicted its market might hit over $10 billion if it competes with Ethereum NFTs along with offering unique cases.

Danny Cole's “Crowd” Collection Just Sold 38K NFTs

The latest addition to the NFT open edition trend is Danny Cole’s “Crowd” via his Creature World NFT project – selling upwards of 38,045 editions. The Crowd collection is hosted on OpenSea and is currently the most talked about the project in the space. At 0.29 ETH per NFT, the digital collectible open edition mints amassed over 1,103 ETH (~ $1.7 million)!

Upcoming Mints

Yuga Labs' TwelveFold Auction Starts Tomorrow

Yuga Labs announced that the TwelveFold auction starts tomorrow, March 5th, 2023, at 3pm PT. It will end 24 hours later, shortly before 3pm PT on March 6, 2023.

AMA with Susan Cummings of Petaverse

In this twitter space, we have the pleasure of speaking with Susan Cummings, the co-founder and CEO of Petaverse Network. Petaverse is an innovative Web3 platform that allows users to create, collect, and trade unique NFT pets. With its engaging gameplay and robust community, Petaverse has quickly become one of the most exciting projects in the NFT space. In this interview, Susan will share her insights into the world of NFTs and Web3, and give us a behind-the-scenes look at the development of Petaverse. So sit back, relax, and get ready to learn all about this exciting new project!

Easy Eats Bodega - NEXT 100x UPCOMING NFTS!? | March 2023 - YouTube

Each month an ARMY of new NFT and Crypto projects hit the Web 3 ecosystem. Now there is NO BETTER TIME to break them all down from a first time perspective.

Each month THE GANG gets a list of ALL the potential top projects that are launching across ETH, SOL, POLYGON, and give our unfiltered takes on everything and more each of these.

So swing by, leave a comment about what we missed, and listen to @DaBunyOfficial, @0xFrisk, and @EasyEatsBodega as they break down what it is they are looking at across the upcoming NFT space!

Project Updates

All You Need to Know: The Checks NFT Collection - NFT Plazas

Whenever the NFT landscape experiences a sharp market downtrend, a savior project will often emerge that re-awakens and revitalizes the niche. NFT aficionados have experienced the debut and aftermath of reputable projects like the BAYC, Cool Cats, CryptoPunks, Meebits, Doodles, and Moonbirds, and how they reshaped the entire landscape at their respective debuts. As the wheels of time rolled over into 2023, another fantastic project took its place among these blockchain heavyweights, the Checks NFT Collection.

Twitter Highlights

(2) Yell 😮 on Twitter: "Pretty amazing to do this overview of @OnChainMonkey with Goodthings

Pretty amazing to do this overview of @OnChainMonkey with Goodthings yesterday.

(1) S◎L Big Brain on Twitter: "0/ Been a bit quiet lately, as have a lot of mixed feelings on this SMB acquisition by HadesDAO. I love my SOL cap monke. It has been ME for 19 months. Unchanged & unbothered. It's my brand." / Twitter

If you live on Solana you will be aware of some of the controversy around Solana Monkey Business. Here is a thread from Sol Big Brain about the issues.

YouTube Highlights

The Nifty - The Next NFT Bull Market w/ Giancarlo - YouTube

Giancarlo discusses the future of NFTs

Regulation News

The Future of NFTs? Legal Experts Respond to the Hermès Lawsuit

In 2023, new rules and regulations are entering the NFT space at an unprecedented pace. The collapse of FTX kicked Web3 regulation into overdrive, and prominent NFT projects are being investigated for fraud. Yet, perhaps the best evidence of this turning of the tide is the recent resolution of Hermès v. Rothschild trademark lawsuit.