Welcome to NFT Watch presented by Algopulse, a weekly series covering all the latest news in the Algorand NFT space. We’ll be looking into the biggest drops, sales, and platforms on the market so that you can keep tabs on this rapidly growing area. For more from Algopulse visit https://www.algopulse.io/.
Mostly Frens Series Enjoys Successful Launch Week
The Mostly Frens series launched this week and has so far been hugely successful. It has amassed more than 275,000 ALGO in sales volume making it the best-selling series this week. The series has caught the eye of users because of its unique dynamic NFTs that change traits and appearance over time. This has been made possible by NFDomains newly invented ARC19 technology which allows NFTs to change overtime through smart contract programming.
Algorand NFTs hit a New All Time High in Weekly Sales Volume Growth
The Algorand NFT ecosystem experienced an all-time high in 24-hour NFT sales volume growth earlier this week making a 175% jump in overall volume. The eye-catching jump earned the attention of popular outlets that cover the NFT markets including Stockwits. Much of this growth has been attributed to the exciting integration of NFDomains open source ARC19 technology which enables dynamic NFTs that can be coded to change overtime. The technology has been snapped up and implemented by several projects that are performing extremely well.
Al Goanna Reveal Details About Upcoming V2 Launch
The Al Goanna project has released more highly sought-after details about their upcoming V2 launch. In a thread on Twitter the project explained that, “what we are trying to do is BIG. We are looking to raise the bar. We wanna produce art and utility to rival any pfp collection out there on any chain.” The thread goes onto to outline the details of how eggs, mutant fruit, and zombie bites can be utilized. Read the full thread here for all of the details.
NFT Explorer Add ARC19 Tracking Feature
In and amongst the excitement of the ARC19 utility popular NFT tracking app NFTexplorer have also added a mechanism to track the growth of an ARC19 NFT. The feature shows of the full evolution history of any ARC19 NFT allowing users to track its progress historically.
NFT Explorer Add Artist Ranking Feature
In addition to the new ARC19 NFT evolution tracking NFT Explorer have also added a new Artist ranking feature. Much like their popular collection ranking, the new feature allows users to see individual NFT artists ranked based on total sales volume in either the last day, week, or all time. The two biggest creators in the ecosystem are Al Goanna and Stich who have historically massed $3.89m ALGO and $3.05m ALGO respectively.
Algorand Weekly NFT Stats
Top 10 Algorand NFT Projects in All-Time Sales Volume on NFT Explorer
Top 5 Algorand NFT Projects in Sales Volume Last Week on NFT Explorer
Top 5 Algorand NFT Artists in All-Time Sales Volume on NFT Explorer
Thank you for reading the latest edition of NFT Watch presented by Algopulse. We look forward to bringing more of this content to the Algorand Community. If you think there is something we should have covered, or if you see some exciting Algorand NFT news for our next installment, please let us know on Twitter, Discord, or Telegram. For more from Algopulse visit https://www.algopulse.io/.