Headline News - NFT Floor Prices Tumble, Crypto Market Continues Green Streak & The Shanghai Upgrade Is Complete
Wrapped CryptoPunks top the 7-day volume charts, clocking in at over 44K ETH. Bored Ape Yacht Club sits in second, Azuki is in third, Mutant Ape Yacht Club is in fourth and Nakamigos is in fifth, with BEANZ Official hot on its heels, in sixth spot.
The crypto market has been pumping, both in the lead up to, and after, the Shanghai Upgrade, which is the latest Ethereum protocol update. This pump, as is often the case, has led to a very red week in terms of NFT floor prices. With the exception of Azuki and BEANZ Official, it’s pretty much a clean sweep of reduced floor prices across all of the most notable NFT collections, as shown in the image below.
CloneX has been one of the most heavily affected, losing almost 21%, whilst Yuga Labs’ Bored Ape Yacht Club and Meebits collections both dropped by around 10% in terms of ETH value. It’s worth noting that since ETH is up around 12% across the same timeframe, in FIAT terms, there’s been little change in value of the underlying assets.
Blur has continued to dominate the marketplaces, often accounting for over 50% of the total amount traded across all platforms. Daily volumes across the board have been fluctuating between $35 and $50 million, with the latter being yesterdays close.
Ethereum concluded its 2 year transition to proof of stake (POS) with the launch of the Shanghai Upgrade on April 12th. The move implemented a number of technical improvements to the network, but most Ethereum traders were concerned about one thing: staking withdrawals.
Prior to the update, there was the equivalent of roughly $34 billion locked up on the Ethereum network, which became available to validators on the 12th April. Investors were uneasy about what this “unlock” would mean for the price of the second-largest cryptocurrency by market cap. As it turns out, the price impact was a positive one, and in the days that followed, Ethereum broke above $2,100 for the first in 11 months. You can read more on this story here.
Blocky Doge’s 10k collection was one of the most hyped mints over the past week. It’s a project from the co-founder of $DOGE, Billy Markus, and was launched via the Magic Eden launchpad. It sold out fast once it reached its public phase, whilst also dominating volume at the same time.
In other news, Magic Eden announced a Bitcoin Launchpad, the Goblintown creator caused a stir, NFTNYC is in full swing, Mastercard dropped a music NFT pass, Canon announced a photo NFT marketplace, Akuzi provided details of their Web3 expansion, Cool Cats teased their upcoming plans & announced a partnership, and…..ZenAcademy launched its Consulting arm.
For full articles on all the above and much, much more, head into the sections below and click on the relevant links.
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Curated News - the biggest stories of the past week
BIGGEST NFT Sale: Azuki #3628 - 329.69ETH
The U.S. Is Losing Its Edge in Crypto, Says Andreessen Horowitz
NFT Warranties Can Help Mass Adoption Of The Technology, Says Web3 Exec
OpenSea Pro & Gemesis Collection Stir Up NFT Marketplaces War
Goblintown Creator Trashes NFT Artwork, Disables Trading in Royalties Stand
Mastercard Drops Free Music Pass NFTs With Perks for Holders
Roblox Adds Rare, Resellable Digital Items—But They’re Not NFTs
20 Caribbean Creators Sharing Their Cultural Traditions on the Blockchain
Borrowing Against NFTs Is Now a $1 Billion Industry—What’s Next?
Utility & Long-term Profits Top Reasons For NFT Purchases: CoinGecko Study
More Bitcoin Than Ever Is Now ‘Dormant’—Here’s What That Means
Arbitrum Community Mulls Reversing Foundation Move, Returning DAO Funds
Sotheby's Relaunches Glitch Digital Art Sale After Representation Backlash
Educational: ZenAcademy’s 30 Days Of NFTs - Entry Level NFT Course
Educational: Copyright for Digital Artists Vol 1 (FREE eBook)
A word from our Founder: Welcome to ZenAcademy! and why to join
Project news & things we’re keeping an eye on
Cool Cats Release Teaser For Their New Ecosystem Expansion, Shadow Wolves, and Fractures will reveal next Thursday, April 20th revealing a full Shadow Wolf.
Proof Launches Exclusive NFT Collection for Moonbirds Holders
Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection
Pussy Riot Pitches Metaverse ‘Utopia’ With Virtual Social Network IMVU
Shira Lazar & Deepak Chopra Launch NFT Collection w/ Focus on Mental Health
MonkeDAO Plans to Buy Rights to Popular Solana Monkey Business NFT Collection for $2M
Companies Behind Azuki NFTs and Line Friends Characters Join Forces for Web3 Expansion
If you enjoy ZenCaps, don’t miss out on ZenDaily. It’s published Monday to Friday and provides a short recap of the past 24hrs in the NFT space. Subscribe for free here.
Talking Point - Introducing ‘ZenAcademy Consulting’
Introducing Our Revolutionary Web3 Consultancy Offering: Unlock Your Web3 Potential with ZenAcademy Consulting.
Are you ready to harness the limitless potential of the Web3 revolution? Look no further! Our cutting-edge Web3 consultancy is here to guide you on your journey towards building the decentralized project of your dreams. With our unparalleled experience and deep knowledge of the Web3 landscape, we are your ultimate partners in success.
Our team comprises four highly diverse and experienced individuals, each possessing unique skill sets that blend seamlessly to offer you a comprehensive suite of services. Our expertise spans business strategy, branding, community building, brand development, mint strategies, social media tactics, and much much. This powerful combination ensures that you have all the tools you need to excel in the rapidly evolving world of Web3.
We pride ourselves on our ability to not just meet, but exceed our clients' expectations. Our past and existing customers can attest to the exceptional value we bring to the table. With us by your side, you can rest assured that your brand will stand out in the ever-growing Web3 ecosystem.
Don't miss out on this opportunity to transform your vision into a thriving reality. Partner with our Web3 consultancy today and experience firsthand the difference that in-depth knowledge, vast experience, and a dedicated team can make. Let us help you unlock the full potential of decentralization and soar to new heights in the Web3 space.
What can you find on our new ZenAcademy Consulting website?
Our Consultants - Get to know the experienced and passionate consultants we have available to support you in your personal or professional growth journey. Each consultant's profile showcases their unique skills, areas of expertise, and background. We will be expanding our roster of consultants to meet demand as we continue to scale.
Our Services - Browse the wide range of services we offer, from personal development to business strategy and everything in between. With our diverse team of experts, we're confident we can meet your needs and help you unlock your full potential.
Inquiry Form - Interested in engaging our services? Just fill out our easy-to-use inquiry form, and a member of our team will get in touch with you to discuss your specific requirements and how we can best assist you. Visit the website now:
Our consultancy offering is one of the many ways we are establishing revenue streams for the company, to ensure our longevity in a way that is ethical and in line with our culture and values. The more revenue we can bring in through external means, the less we need to rely on royalties or selling additional NFTs to the community.
We appreciate the support and enthusiasm of our amazing community, and we look forward to expanding our services and continuing to empower you to reach new heights. Feel free to share your thoughts and feedback about the website with us on Discord - we're always looking to improve.
Thank you for being a part of our journey. You are appreciated. Zeneca & The Whole ZenAcademy Team
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ZenAcademy & 333 Club Noticeboard
ZenAcademy Community News
The ZenAcademy Consulting website was officially launched on 11th April, and we’re extremely excited to be able to offer our services to those looking for a helping hand in Web3, and beyond. For a full rundown, please see the Talking Point section above.
Our Little Atlas community endeavour has been going exceptionally well, with over 1,000 members now signed up. It’s been so rewarding to see how truly diverse our community is, and it’s clear from the map, that there’s significant ZA strongholds in Singapore, London, Tokyo and New York. It’s also amazing to see that one event has already happened, in Tokyo, with 3 more happening today, in New York, Kathamandu and Amasya, and another 9 events in the calendar. Keep up the good work. There’s few things more important than human connection.
Creating an Event on Little Atlas is simple. If you're wondering how to organise such a Meetup, the Little Atlas team has put together an amazing resource called the champions handbook, which is a step-by-step guide for anyone who wants to organise an event. The steps mentioned there serve as a general outline. Please reach out to us if you have additional ideas or improvements. The handbook is available here.
ZenAcademy NFTNYC Meetup - DancingEddie and Praetor will be hosting a ZA event today at NFTNYC, the details of which you can find here. If you’re in the area, go along and connect with your fellow zenners. Enjoy!
The 333 Club Casual Chats were reintroduced a few weeks back, are hosted by Zeneca, and are still going strong. We have so many bright minds among us, being able to connect to one another is a real treat, and often invaluable to all involved. 333ers, come and join, you won’t be disappointed. More details here.
The ZA Artist's Corner was back after having been postponed last week! Every two weeks, we host an artist in our twitter spaces to chat all things art. Last week we were blessed to have Phraze (known around web2 world as '@TEKSTartist') joining us, who’s been slinging designs from his southern California studio since 2011. His techniques often combine digital and traditional mediums to create visual representations of powerful quotes. Keep across this Discord channel for more updates.
ZenAcademy - Latest Content Releases
YouTube Video: The Importance Of Asking Questions In Web3 - MET AMS
YouTube Video: Two Bored Apes Ep. 73: OpenSea Pro, Yuga Labs' New Game, AI and Generative Art
Zeneca Newsletter: Letter 36: All about ERC-4337
Zeneca Newsletter: Letter 37: SVB & USDC
YouTube Shorts: The Future of NFTs: Embracing Subscription Models
YouTube Shorts: Building Real Communities vs Ponzi Schemes
ZenAcademy Regular Events
The ZenDaily Show hosted by Zeneca and Emileevee, every Mon-Fri (at 10:30am EST). This space is all about education, information and entertainment. It has a focus on Web3 education, topical perspectives, and being a forum for the ZA community and beyond to join in and discuss what’s going on in the web3 world. Additionally, Zeneca will be doing what he does best: distilling complicated information into easily digestible bites.
Wellness Wednesdays - Hosted by @Kit777 every other Wednesday. Kit talks with one of our highly esteemed members in a Twitter spaces where we pause, take a break and discuss all things related to mental health/wellness and our shared human journey in life.
Artists Corner - Every other Wednesday, hosted by KingInTheCastle, this event takes place in our Discord for our members. Artists take to the mic and share their journey, experiences and knowledge with our community. Hop in the call to learn and have fun.
333 Club’s weekly ‘This Week in NFTs’ Twitter Spaces, each and every Sunday. Follow the 333 Club Twitter page here for more info.
Join Poker Nights via our Discord. Events held weekly, with prizes to be won.
There’s a ‘global-events’ forum in the ZA Discord to help facilitate IRL meet-ups amongst the community. Find more details here.
Don’t forget to keep across the Giveaways Discord channel, with plenty of allowlist spots up for grabs on a regular basis.
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 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.