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- 📝 As crypto soars, NFTs follow
📝 As crypto soars, NFTs follow
PLUS: Pudgy Penguins vs. BAYC, ERC-404, Yuga x Layer-2's and more!
Nifty Notes Team
February 16, 2024
GM. This is Nifty Notes, the weekly newsletter from NFT Plazas that means when NFTs, web3 and the metaverse rise, you rise too.
Here’s what we’ve got for you today:
Will Pudgy Penguins flip BAYC? 💥
ERC-404 makes $PANDORA rocket 🚀
Could Yuga Labs ditch Ethereum? 🧭
INSIGHTS: MetalCore Infantry grew as pre-registrations for the MMOFPS hit 40,000. Chameleon Travel Club rose as they revealed more about their first gathering, and Farm Land by Pixels shot up as $PIXEL debuted on Binance Launchpool. Edenhorde corrected after their ERC-404 announcement, Citizen Conflict is down following the $QORPO airdrop launch, and Nobody continued to slide, having now fallen 40% in the past month.
Most Read ⬆️
Will Pudgy Penguins flip BAYC? 💥
Pudgy Penguins came within 1 ETH of flipping Bored Ape Yacht Club earlier this week.
Over the past 7 days, the Penguins rose almost 12% in floor price, whilst the Apes slid by almost 6% - BAYC having now lost 4 ETH in value over the past 3 weeks.
If these trends continue, Pudgy Penguins ascent to become the second most valuable NFT collection will be a matter of ‘when’, not ‘if’.
ERC-404 makes $PANDORA rocket 🚀
Following the debut of ERC-404 on February 5, its flagship token $PANDORA has exploded in value.
ERC-404 allows multiple wallets to own fractions of an NFT. This enables a range of possibilities:
Simplified NFT-backed loans 💸
Collaborative staking 👥
The removal of transaction middlemen ❌
Could Yuga Labs ditch Ethereum? 🧭
The gas fees associated with Yuga Labs latest Otherside NFT collection, Loot, has led to calls for the company to switch blockchains.
Despite co-founder Greg Solano agreeing to refund these fees, ApeCoin DAO has proposed the creation of its own blockchain, ApeChain.
Although Yuga Labs has suggested that ApeChain could be a solution, it is yet to commit to using it for Otherside.
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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.