NFT Weekly Recap: Blue-chip NFTs Trade in a Range, hiBEANZ Onboards KuCoin

2023/03/03 12:56:55

In this week’s NFT Weekly Recap, the NFT market had been really volatile, whales unloaded a bunch of NFTs on Blur, but overall the blue-chip NFTs have just been trading in a wider range. NFT is all about attention, and attention shifts quickly! There are tons of updates and excitement to share with you all on theNFT Market Recap for the week of February 24 to March 2, 2023. We hope you enjoy :)

📈Market Overview

Key Takeaways

While the total NFT volume remained steady, it is concerning to note that the volume on ArtBlocks just hit a 1-year low this week. This is likely due to the rise of open edition NFTs, which both traded and rose a lot this week.
The floor price of BAYC has been quite volatile, as followed by last week, Machibigbrother ended up selling most of the Apes he bidded on Blur.
Moonbirds floor prices finally stopped tanking as a major ecosystem update was given from the team this week, while the floor price of Valhalla plummeted the most; however, it was the biggest gainer last week.

Major NFT Headlines

Yuga Labs is entering the Bitcoin Ordinal movement and launching a 300-supply experimental collection on the Bitcoin blockchain
Decentraland to Host Second Metaverse Fashion Week.
Unity Introduces New Asset Store Category for Decentralized Technologies in Gaming
Base, Coinbase's Ethereum L2, announced it will be "evolving the artwork" displayed on its Base, Introduced NFTs every day for the next week
Snoop Dogg Partners with Vital Toys on BAYC Figurine
Binance released an AI product, Bicasso, that allows users to generate and mint NFTs utilizing AI
PROOF Gives Intensive Ecosystem Update.

🎉Project in Spotlight: BEANZ

This week, KuCoin in partnership with Fracton Protocol launched a fractional NFT token called hiBEANZ for BEANZ, providing investors with a low-risk, high-reward investment opportunity in a curated selection of high-quality NFT assets.

Our Recommendations:

BEANZ is a crucial component of the AZUKI metaverse, and it should not be regarded as merely a free airdrop. BEANZ can add significant value to one's NFT portfolio for several reasons. Firstly, BEANZ is poised to play an important role in Azuki's expansion. BEANZ could be outperforming Azuki as Chiru Labs has hinted that they will serve as web 2 outreach characters. This means that BEANZ is likely to have greater appeal to individuals from traditional backgrounds who may have a more favorable perception of them than Azuki. While we can't predict the future, BEANZ is the "minions" in the Azuki metaverse, therefore a valuable addition to any NFT portfolio.

What are BEANZ NFTs?

BEANZ are sidekicks for Azuki. It is a collection of 20,000 little beans-like characters. While they have a certain desire to help, some Beanz want to carve their own path in this world to find success.

Who created BEANZ?

BEANZ is the brainchild of Chiru Labs, the founder behind one of the most successful NFT PFP projects - Azuki.

Why BEANZ?

Successful Team & Exclusive Community

Chiru Labs, the creative force behind Azuki and BEANZ, has emerged as one of the most impressive success stories in the world of NFTs. The value of Azuki and BEANZ has remained steadily ranked at the top. The holders will also receive the merchandise and collectible drops being announced in the future.

Bright Future

The team has accomplished a remarkable feat by expanding the project. Their roadmap is well-defined and their commitment to adding value for token holders is unwavering.