The Biggest NFT Purchase Ever...almost

Welcome to The Drop NFT Newsletter. Subscribe and join the discord for breaking NFT news, project breakdowns, & artist spotlights. Thank you for following along on this journey!

What's Dropping ⚡️

• Discord continues to be the weakest link in the NFT stack (well, aside from poorly coded contracts) - maybe it's time to move to a more secure option?

• BYOPills announced October 31st as the minting date for Apostles

• Royal Society of Players announced the launch of $PLAY, a social/utility token

• MekaVerse announced an updated roadmap and the MekaVerse floor - as predicted by Adam Hollander - is now under 1 ETH

• We might have to do a version of this newsletter that's read to you by the Island Boys

• Rug Pull Frens whitelist 4 is about 80% full. Wave 1 Whitelist minting starts Saturday

• A lesson in how not to NFT, by Beanie (MUST READ)

• MutantCats is dropping Mutant Gorillas. Bidding is live now and they've already swept the MAYC floor and picked up 30 Mutant Apes for their DAO

• 0xHunters from 0xVampire are now minting

• A short lesson in Flash Loan attacks by AZF

• Wall St Bulls dropped yesterday and sold out in less than 30 minutes with a sitting volume of 354 ETH

• Ethereum breaks all-time highs and while writing this it sits at 4,368.39 USD for 1 ETH

Biggest NFT Sale Ever?

Yesterday CryptoPunk #9998 sold for 124,457.0675 ETH or roughly 543.6 million which is officially the largest NFT sale in the history of NFTs.

*record scratch*

Not so fast. It wasn't really a sale per se.

Larva Labs which is the company behind the monolith CryptoPunks project came out with a statement in which the owner of the Punk bought it from their own wallet using a different wallet with loaned money - to then pay back the loan immediately. In other words, this was not a peer-to-peer transaction - simply a move within one's own wallets.

Larva Labs says they are on the move to make sure these types of transactions won't come up as notifications to holders within the community in an effort to cut down on this type of activity spreading.

PASSIVE YIELD NFT RANKINGS 📈

Facebook Enters The Metaverse

Zuck did a keynote yesterday announcing that the Facebook corporation has officially gone over a full rebrand into the name "Meta". For some, this comes to little surprise because in 2014 Facebook acquired Oculus for $2 Billion and in June 2019 Facebook announced Libra, a cryptocurrency that has been on hold. Zuck has been making a massive push into wanting to create the main platform for the Metaverse and in turn is making strides in all things virtual that we hold so dear.

The natural question becomes if Facebook will dive headfirst into creating an NFT marketplace even in the midst of Coinbase announcing theirs. The NFT marketplace wars are heating up dramatically and OpenSea is starting to feel the heat. 

For Your Safety 🚨

We are posting this AGAIN because there have been more and more discord hacks that everyone needs to be aware of. Please take your time to read the linked post below 👇

A must-read thread from @cryptofather0 goes over the BearX hack that occurred last night and how you can not fall victim to these attacks. 

Meme Drop 

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.

Follow the team:

Gannon Breslin, Kayla Kilbride, Mike Scarp, CryptoVonDoom, Nathan Roth

Join the Discord + follow the links below 👇