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šŸ“ Crypto is rocketing. Will NFTs follow?

PLUS: Fractional NFTs take off, huge inscription airdrop inbound & more!

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Nifty Notes Team
March 08, 2024

GM. This is Nifty Notes, the weekly newsletter from NFT Plazas that means when NFTs, web3 and the metaverse rise, you do too.

Hereā€™s what weā€™ve got for you today:

  • CryptoPunk #3100 sells for $16M šŸ”„

  • Doge leads Fractional NFT return šŸ¶

  • Runestone prepare for huge airdrop šŸŖ‚

INSIGHTS: Elman Mansimovā€™s alignDRAW shot up as their historic nature gained traction, Schizo-Posters grew as the cryptic collection found renewed popularity, and Milady rise as the $LADYS token joined the Binance Futures NEXT project. The Buns collapsed as more details were revealed, DeadFellaz fell as news of an upcoming free-to-claim collection from DFZ Labs emerged, and DeGods willed a decline into life through an amusing shirt release.

Most Read ā¬†ļø

CryptoPunk #3100 sells for $16M šŸ”„

In the biggest NFT trade of 2024 so far, CryptoPunk #3100 has sold for 4,500 ETH - around $16 million.

#3100 is one of nine so-called ā€œAlienā€ Punks which feature blue skin, the rarest trait available.

This follows our report last week that NFT sales are on the rise, with 43% more wallets trading NFTs, and a 25% increase in market volume.

Doge leads Fractional NFT return šŸ¶

Fractional NFT ownership has rocketed in popularity, led by The Doge NFT.

Minted in summer 2021 for 1,695 ETH, The Doge NFT was one of the first of its kind, blending NFT ownership with crypto elements.

Other fractional NFTs have also grown this past week, including Wen, Harambe and Feisty Doge.

Runestone prepare for huge airdrop šŸŖ‚

Bitcoin Ordinals project Runestone has announced an upcoming airdrop, on the back of mining the largest inscription to date.

Qualifying wallets must hold three inscriptions beyond block 826,600.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.