ZenCaps: Edition #34
Your weekly NFT recap to cut through the noise
The NFT space can feel like information overload at times, so we’ve cut through the noise to deliver you a curated dose of what matters most. Your all-in-one weekly companion.
Headline News - New mints see large volumes and Magic Eden does a u-turn on its royalties stance
This week saw multiple new mints successfully storming the 24hr volume charts, including Primitives by Aranda/Lasch (an Art Blocks collection), Degenheim, Mothz (WenLamp), Splat and Down Market Ducks. It felt somewhat encouraging to see this and provided an air of positivity amongst the backdrop of the bear.
When looking at the weekly volume, it’s a more familiar bunch, with CryptoPunks in top spot, BAYC in second, Azuki in third, Otherdeed in fourth and Nyolings (a new collection) in fifth spot.
There was scandal surrounding Dodoor NFT, with it losing its verified collection status on OpenSea, and being removed from the rankings charts. Akuki saw huge volume on the back of an announcement regarding their Physical Backed Token (PSB), BLUR, a new NFT marketplace, launched with an airdrop for holders and Magic Eden did a u-turn on their royalties stance as the NFT space struggles to come to an agreement on best practices. Fidenza creator Tyler Hobbs offered his opinion on the topic in an interview with Decrypt.
For full articles on all the above stories and much more, check out the sections below.
Curated News - the biggest stories of the past week
BIGGEST NFT Sale: CryptoPunk #9476 sold for 370ETH
Educational: What are CC0 NFTs, and why are they important?
Project news & things we’re keeping an eye on
Talking Point - Selling physical items as NFTs
NFTs have many use cases, but one which often leads to confusion is the idea of them being linked to real, physical items.
This week we saw a house in South Carolina, USA, exchange hands for $175,000USD. The transfer of ownership took place via an NFT sale. It occurred on an NFT marketplace geared towards real estate, set up by Roofstock in partnership with Origin Protocol. They claim one of several benefits of transacting this way is a 50% saving on sellers fees. You can read the full story here: NFT Tied To Real House In South Carolina Sells For $175K.
With this recent story in mind, and the fact that many other brands and NFT collections have physical offerings too, I thought i’d share some articles on the topic for anyone who wanted to better understand it.
This article by the team at Cointelegraph provides a simple and short overview: Selling physical items as NFTs, explained.
If you’re interested in looking at a few different examples of how NFTs are being used in connection to physical items, check out this article which highlights 5 brands making moves in the space: 5 brands using NFTs to sell physical products
And for another take on use-cases, more closely tied to the art and collectibles space, check out this piece out by the team at nftnow: Physical NFTs? One Potential Mainstream Use-Case Explained
In the last bull-run there was a lot of hype around crypto start-ups who planned to tokenize real estate and allow for a percentage ownership of properties by buying into pooled funds. These ideas have largely fallen by the wayside for now, but NFTs seem to have a real, valid use-case in the real estate industry, as well as many others. It’s an area I think has legs and I look forward to seeing how it plays out.
Tip Of The Week - 30 Days Of NFTs
This is a new education based initiative from the ZenAcademy team. It’s completely free, and offers everyone and anyone an excellent opportunity to gain a solid understanding of NFTs from the ground up.
We all have that friend or family member who’s kind of interested in NFTs, but who finds the whole space daunting. They probably don’t use Discord or Twitter, and feel that the technical side of things is “beyond them”. This beginners course is to show them it’s not.
The entire course is delivered via email, using simple language and relatable content. All they need to do is visit this website, and enter their email address: https://30daysofnfts.com/. They will then receive one email a day, for 30 days, teaching them the foundations of NFTs.
There’s no catches, and anyone who takes the course can reply to the emails with any follow up questions or feedback. The goal is that after a month of reading these emails, a person can go from zero to having a decent understanding of this space. So please share the course with anyone you think might benefit from it and enjoy it.
Making the space more accessible to more people in the most simplistic way possible is what this initiative is all about.
If you’ve got any questions about the course, please feel free to jump into the ZenAcademy Discord where the team will be happy to help you.
ZenAcademy and 333 Club Noticeboard
Regular Event Reminders
Don’t miss the 333 Club’s weekly ‘This Week in NFTs’ Twitter Spaces, each and every Sunday. Follow the 333 Club Twitter page here for more info.
Don’t forget to keep across the Giveaways Discord channel, with plenty of allowlist spots up for grabs on a regular basis.
Join poker nights via our Discord. Events held weekly, with prizes to be won.
Weekly Movie Nights are going strong. Click here for the latest info.
There’s a new ‘global-events’ forum in the ZA Discord to help facilitate IRL meet-ups amongst the community. Find more details here.
Irregular Events and Community News
Education-based initiative ‘30 Days Of NFTs’ was released 4 days ago, acting as a free and easily digestible gateway into the world of NFTs. For a full rundown on how it works, please see the ‘Tip Of The Week’ section above.
ZenAcademy is ramping up its efforts to engage with community members, and to that end, announced a busy schedule of upcoming events for members to join over the last week. They covered a range of topics and some will become weekly fixtures. For more information on upcoming events, please refer to the Announcements channel in Discord.
All ZenAcademy holders who applied for the Heymint Launchpad AL can now claim their free Soulbound Token (SBT). This SBT will grant you lifetime access to Heymint's premium features. Token claim: https://s.heymint.xyz/GDwhC.
A huge thanks once again to the whole team over at Curious Addy's for being such a wonderful sister community and always thinking of ways to add value and utility to the ZenAcademy community.
Zeneca recently announced an upcoming Town Hall event he’ll be hosting on Nov 1st to share more about what we're doing, why we're doing it, who we're doing it for, and a lot more. The town hall is open to all and will be uploaded to YouTube + shared with everyone after too, in order to allow those who can't attend (work, sleep, time zone stuff) to get an inside look as well. Full details can be found here.
ZenAcademy is already gearing up and preparing for Zenmas #3 to go out at the end of the year. Zenmas is an initiative which aims to support new artists and creators, especially those struggling to get noticed and find an audience. If you’re an artist who might be interested in taking part, please fill out this form: Zenmas #3 Artist Application Form.
Additional ZA Content
YouTube Video: Welcome to ZenAcademy! and why to join
Zeneca’s latest Newsletter is now out, entitled ‘How We Onboard Billions to Web3’. Click here to read the full article.
YouTube Video: Best NFT Marketing Strategy That Works In 2022
YouTube Video: Episode #57 of Two Bored Apes is now available, featuring SEC vs. Yuga Labs, Blur Airdrop, DeFi and some Random Stuff
YouTube Video: Watch ZenChats #43 where Zeneca talks to Derek Edws - Time-based Royalties, FlamingoDAO, Art Blocks Curation Board Explained
YouTube Shorts: The SECRET of successful NFT projects
YouTube Shorts: Don’t Sleep On Twitter
The ZenAcademy GITBOOK is now live! It’s a repository for everything ZA (values, the team, partners, perks & plenty of helpful resources). Visit by clicking here.
Nothing in this or any other ZenCaps publication should be construed as financial or investment advice. The views and opinions expressed in ZenCaps publications do not reflect those of Zeneca_33 or the ZenAcademy.
Always exercise caution within the NFT space and adhere to best practices when it comes to making any investments. There is plenty of potential, but this comes with inherent risks.
Stay safe, and as always, good luck.