Daily Drop News 1/12/23
YUGA is back baby
First up, we have the long-awaited details for The Trial of Jimmy the Monkey mint from BAYC. The project has announced that the monkey butthole, Sewer Pass will be available starting January 17th, with the skill-based mint beginning on January 18th. This new power source NFT will be available to all BAYC and MAYC owners who have Sewer Passes, which can be earned through gameplay. BAKC can also be used for in-game boosters.
However, this news had a major impact on the market, with the floor for BAYC falling 10%, MAYC falling 13.5%, and BAKC falling 28%. This was a bigger fallout than most expected.
Other Market Indicators
In other NFT market news, trading volume has ticked up to ~23,500 ETH on Tuesday. The Yuga ecosystem is getting another 30,000 NFTs and this has had an impact on the Yuga trio and the Yuga-adjacent project, the Mutant Hounds.
We also have other notable movers like The Memes by 6529, DigiDaigakus, and The Bright Moments NFT Crypto Citizens.
Will Azuki Soar or Fall?
Another key event to note, today is the 1-year anniversary of the popular project Azuki, and we’re expecting some fireworks based on the hints they’ve provided. As a result, both Azuki and Beanz are seeing massive movement. Azuki’s jumped 20 percent overnight to 15.8 ETH after a $500,000+ sweep by the whale Rewkang. We’re keeping an eye on these projects as they may see some big announcements and developments today.
And lastly, it’s worth mentioning that the Friendship NFTs are re-entering relevancy as the Bracelets rebounded 20% from local lows at 0.5 ETH back to 0.62 ETH on solid volume.
That’s all for today’s NFT Market Update. Be sure to tune in tomorrow for more updates and the latest developments in the NFT space. Thank you for watching.
Bill Gates is grumpy
Bill Gates recently expressed skepticism about the growth potential of web3 and the metaverse during a Reddit Ask Me Anything (AMA) session. He stated that he believes that Artificial Intelligence (AI) has more potential for growth than web3 and the metaverse. It’s worth noting that Bill Gates has been critical of cryptocurrency in the past and is known to have a negative opinion of it. This is somewhat ironic, given that he was an early pioneer in the development of the internet, which forms the foundation for many blockchain and cryptocurrency technologies.
