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NFT Collections Soar As Art Basel Kicks Off +Megadeth NFTs

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Gannon Breslin
December 07, 2023

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Not going to lie, it already feels like the weekend.

Here is the breakdown of today's newsletter:

🌴 NFT Market Data + Art Basel List
🤘 Megadeth is following Avenged Sevenfold’s footsteps with thrasher metal inspired NFT collection filled with physical and digital perks

Is The NFT Market Really BACK?! 🌴

This weekend we had an explosion of sales we haven’t seen in months. Project twitter accounts are firing on all cylinders and projects are gearing up to launch. If you don’t believe us, the data doesn’t lie …

Below you can see that in the past week we have hit record volume in sales across the NFT market that we haven’t seen since June this year. For instance on December 4th we had $37,800,00+ USD in volume!

Source: Dune

This is great timing considering this week (technically tomorrow) Art Basel in Miami kicks off which is one of (if not the biggest) art gatherings in the year. Hundreds of thousands of enthusiasts flock to Florida to attend this event alongside artists, celebrities, and musicians. It has also become an extremely popular gathering of web3/NFT enthusiasts and many projects put on their own parties, events, and even mini conferences.

To name a few are Pudgy Penguins’ Event, PizzaDAO, Rug Radio Event, CRYPTOADZ party, NFT Now The Gateway Event, and many more …

🚨 If you want to see a curated list of the Web3 events happening this week/weekend in Miami check out this link HERE.

  • How the turn tables - Blur officially commands an 80% market share of the NFT trading market. Trailing far behind is OpenSea with 18%. (CP)

  • After the successful launch of 15,000 free G-Shock NFTs back in September, Casio is back at it again with an exclusive 2,000 G-Shock collection set to release on December 15th. More details here. 

  • Web3 influencers (many would say infamous) @eth_ben, @threador, @AnoNakamoto, and @welcometoblitz have all had their accounts suspended (@3orovik)

  • ParaSpace has rebranded to Parallel Finance and under the guidance of CEO Yubo Ruan they look to expand their lending services farther than just NFTs with diversified liquidity pools, dynamic loan-to-value ratios, and price-discovery partnerships to reduce risks caused by high volatility and lack of bidders. (CT)

  • The Sandbox metaverse on Monday announced a Notorious B.I.G. experience. This collab happened with Warner Music Group (the label of the late rapper), and his estate. (DC)

  • Yikes - Cristiano Ronaldo looking at a $1 Billion lawsuit for promoting Binance NFTs. (BC)

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Source: Billboard

🤘 Megadeth Announces NFT

Avenged Sevenfold paved the way for metal bands earlier this year with their Deathbatsclub NFTs and now it’s Megadeth’s turn!

💡 Who is Megadeth?

The American thrash metal band “Megadeth” has been making hits since 1983 with its lead singer Dave Mustaine - in the process, it has garnered millions of worldwide fans. Along with Metallica, Slayer, and others, Megadeth has been pivotal in paving the entire genre of thrash metal.

💡 Here are the details:

  • 5,000 piece generative collection featuring the band’s digital mascot “Vic Rattlehead”

  • Artwork done by talented artist @TheHaddy

  • Mint is December 22nd

  • Holding a Megadeth Digital Vic Rattlehead NFT will give you physical and digital perks such as access to exclusive unreleased tracks, rare concert footage, VIP experiences with the band, and more

  • Bitcoin’s market cap (~ $820B) momentarily flipped Meta, Berkshire Hathaway, and Tesla.

  • Coinbase has no plans to launch a BASE token. (D)

  • Bitcoin breaks $42K for first time in 20 months (and got up to 44k recently as well). (P)

  • Bitcoin breaks $42K for first time in 20 months. (P)

  • Cristiano Ronaldo faces up to $1B in class action lawsuit over Binance endorsement. (CD)

  • Giant Whale has accumulated 42K ETH ($76M) since September. (DH)

  • MicroStrategy’s unrealized profit from Bitcoin now amasses $2.3B. (@WatcherGuru)

  • Bloomberg has predicted $500k per BTC in the next bull run. (FNB)

Sales are truly popping off for multiple collections… this is just one of the many examples

Sponsored Content: This newsletter was sponsored by RYZE. 

That's all for today's issue! Thanks for reading this far and also make sure to give our Twitter a follow daily for breaking web3 news! (@TheDropNFT)

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Written by: Gannon Breslin

Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses. TuWe