Yuga Labs Bitcoin Ordinals Collection

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It's Tuesday! We hope everyone has a great start to their week!

Here is the breakdown of today's newsletter:

👀 Yuga Labs Ordinals Collection Announced💰 Dookey Dash Key Sells For Millions

• Blur surpasses Open Sea in almost every way, converting a huge chunk of traders onto their platform for the time being. (CR)

• A huge NFT whale purged more than 1,000 NFTs over the last weekend for millions in ETH. (@jpegjohny)

• Land trading NFT game Metroverse is shutting down development after a year and a half of progress. (@themetroverse)

• Coinbase extended their open mint until further notice as the edition surpasses nearly 350k minted. (DC)

Yuyga Labs Bitcoin Ordinals Collection 👀

If you haven't heard enough about Bitcoin Ordinals in the past couple of weeks buckle up because the party has just started. If you don't know what a Bitcoin Ordinal is we gave an entire explainer in this newsletter here. TL, DR: it's an image inscribed on a satoshi which essentially makes the ability for Bitcoin to have NFTs.

💡 What is TwelveFold?

Yugal Labs announced their own Bitcoin Ordinal collection named "TwelveFold" which will be a 300-piece generative art collection. It could be just us but it looks heavily inspired by Jack Butcher's Checks collection.

From the Yuga Labs blog:

You can read the full press release on the Ordinals collection here.

Dookey Dash Key Sells For $1.6 million 💰

A popular Fortnight streamer that goes by the gamertag "Mongraal" sold the winning Dookey Dash key on Monday for 1,0000 ETH or just around $1.6 Million USD!

💡 What is Dookey Dash?

Yuga Labs (the creators of the Bored Ape Yacht Club) created a skill-based NFT game in which sewer pass holders could use their pass to compete in the video game. The high-ranking scores were awarded a key that winners don't truly know the full value of quite yet. For those wondering what the gameplay was like: think of Temple Run style.

You can see the winning run below:

🐦 Tweet of the Day

There's no question that cryptopunk holders tend to be the movers and shakers of web3. This graphic puts into perspective how many founders in this space have a Punk.

Sponsored Content: There is no sponsored content in this newsletter.

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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.

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