Top News
Nansen’s new NFT features
- Coinbase NFT marketplace integration through 0x Protocol
- The release of Coinbase NFT is one of the biggest events to occur in the NFT space.
- With the beta officially going live yesterday and its potential to onboard millions of new users, tracking Coinbase NFT data will become even more important as the user base grows.
- What does that mean for you? You can now track the volume, transactions and recent users coming through 0x, and see this directly on our public NFT Trends dashboard or by selecting 0x (incl. Coinbase) from the Marketplace dropdown menu in NFT Paradise.
- Price Prediction feature
- It can be used (with caution) to spot potential bargain NFTs listed at lower the expected price.
- Data support for X2Y2 marketplace
- “Listings” tab for NFT God Mode
- This lets you see the historic or granular floor prices for any NFT project, as well as who's most-often selling at floor and dropping prices.
General NFT News
- Yuga Lab Founder Teases Upcoming Utility for Meebits, leading to a subsequent rise in floor price in the Meebits collection
- Gem gets acquired by OpenSea
- The company will now have access to OS’s infrastructure and resources.
- Terms of the transaction were not disclosed.
- Gem will continue to operate as a standalone product and brand, although OpenSea plans to integrate some of Gem’s features with its own platform.
- PROOF’s COO, Ryan Carson, departs
- Ryan Carson announced the launch of an NFT Investment Fund, 121G.
- View his statement here (addresses plenty of speculations and controversies regarding him stepping down as COO and his new investment fund)
- PROOF raises $10M in funding led by Alexis Ohanian and Seven Seven Six
- Link here
NFT Market Overview
The volume for the week is the highest since the end of February. This could be a potential spillover effect from Moonbird’s successful launch and their incredible secondary sales volume - one that certainly tops off the charts in the history of NFTs.
As seen in the chart above, Nansen’s dashboard currently covers Opensea, LooksRare, X2Y2, and 0x (incl. Coinbase) marketplaces. Total volume per week is still garnered by sales from OpenSea, with a substantial increase in the volumes on LooksRare compared to the previous weeks.
Despite high volumes, the total transactions this week are much lower in comparison to the last two weeks. Based on the data below, we can draw conclusions that the inflated volume is carried by specific collections that have generated substantial volumes from secondary trades in the marketplaces over the last week.
OpenSea vs. LookRare
LooksRare is showing major signs of consolidation, especially with a substantial increase in daily active users over the past week. The team recently launched their listing rewards incentive, where users can list their NFTs and earn $LOOKS. The caveat is that users will need to list their NFTs from the top 25 collections featuring the listing rewards icon, and can earn points every 10 minutes as long as the NFTs and collection meet certain criteria here.
This Week's Highlights
Yuga Lab’s Highly Anticipated Land Sale
Based on the leaked deck from Yuga Labs here, we’ve gathered that the MetaRPG will launch with a land sale. The plots will correspond to real land in the game.
Total land plots: 200k; all launched through Animoca; Genesis drop will be 100k plots
- 30% will go to BAYC/ MAYC, leaving ~70k for public sale (and another 100k in a follow-up drop)
- “The conservative estimate for land price is 1 ETH each plot, which will account for $200M in primary sales for the genesis drop alone”
- Considering how users can only mint if KYC-ed before the snapshot was taken, we can anticipate high secondary sales during and post drop.
- The deck also mentioned that “there will be 10k unique Kodas randomly distributed amongst the land”. If you’re lucky, you might get your hands on one.

Moonbirds
Moonbird tops the charts this week with 39,239 ETH in volume, although their floor price dipped from an all-time-high of 39 ETH to 26 ETH at the time of writing.
Nansen also currently shows the historical floor price listings of each NFT collection and the amount of NFTs listed. This is a good way to track the number of NFTs listed at the floor price in relation to the total collection size. This provides users with an accurate sense of what holders are doing with their NFTs. In the case of Moonbirds, there are currently only 31 Moonbirds listed at floor price at the time of writing, which is around 15% of the total collection size. The total number of listings is 753. With this data, we can conclude that most holders are either holding or nesting their Moonbirds, which is usually a positive sign for projects with a higher unique distribution of holders.
RTFKT - MNLTH
Nike and RTFKT finally unveil what lies within their MNLTH box: a pair of digital Nike dunk sneakers with various skins of varying rarity. The box essentially contains a pair of Nike sneakers (which can be customized using different looks and designs), and another MNLTH that hints at a potential airdrop in the future.
They’ve been teasing a metaverse expansion and this might just be a first insight as to the product they are building.
We’ve been seeing more Web2 x Web3 partnerships surface in the space, and it is clear that these partnerships allow Web2 brands to translate their vision into the virtual space - providing more room for brands to explore more creative mediums in the Web3 space. It will be interesting to see how these brands would potentially synergize with one another, considering how Adidas also secured a partnership with Ready Player Me avatar creation platform, which is set to launch on April 28, 2022.
Other honorary mentions:
- IO: Imaginary Ones
- Akutars
- EightBit
Upcoming Projects Highlights
Trait Sniper
This project was mentioned by one of our Alpha members during a War Room Call. There are only 3.3k passes (a mix of alpha + genesis passes).
Trait Sniper NFTs give you access to our Ultimate rarity trading platform, with many functions to make your life easier, whether trading or sniping. Gain an edge over other users in the market.
- Genesis Pass: 2 ETH Presale | 3 ETH Public Sale.
- Alpha Pass: 0.2 ETH Presale | 0.3 ETH Public Sale.
The NFT presale is on April 29, 2022 4:00 PM UTC. Public sale is April 30, 2022 4:00 AM UTC.
Ninja Turtles NFT:
NFA, we have yet to do DD on this project but it is on our radar. This was mentioned by The Block:
“Driven by the growing recognition for NFTs as a legitimate vehicle for innovation among established IPs, the iconic Teenage Mutant Ninja Turtle (TMNT) franchise is taking the plunge and is launching its own NFT collection. While the global TMNT IP rights are currently in the possession of media conglomerate Viacom, Squemme Productions, which is rolling out this project, owns the rights of the first 130 episodes of the 1987 animated series. With this NFT collection, the company aims to reincarnate the world-renowned TMNT brand and strike a chord with ardent fans. As of this writing, the launch date is vaguely slated for May this year."
Tools for further research
NFT aggregators
- Gem
- Gem recently launched on January 20.
- Gem allows users to explore and collect NFTs across all the marketplaces on a single interface, giving you a birds-eye view of the market - ensuring you never miss out on a good deal.
- Genie
- Batch buy & list NFTs across all major marketplaces in a single transaction. Save time & gas.
- Genie was technically the first NFT aggregator in the NFT space.
- Gem
Due diligence for minting
- Nansen’s guide here
- Wallet management + tracking
- NFTBank.ai
- This platform is a leading platform for tracking your NFT inventory
- Zapper
- Zapper is a good tool for tracking an overview of your NFT portfolio
- NFTBank.ai
- NFT Marketplaces