A resurgence in NFTs?
NFTs have been one of the only pockets of risk which has not participated all too much during this bull cycle but we might be beginning to see signs of life...
A lot of the largest collections from last cycle have begun to perk up a little, with some clear odd ones out:
That’s right, Pudgy Penguins and Milady Maker are the two clear odd ones out here. What do these two have in common I wonder? Both have announced that they will be launching a token. The most recent announcement being $PENGU by Pudgy Penguins which was announced today:
As for the proposed Milady coin $CULT, we are still pending updates after the team raised over $20 million in a pre-sale five months ago!
Unsurprisingly Pudgies have been dominating NFT volume since the announcement with Blur continuing to be the venue of choice:
Despite the dominance in trading volume, Crypto Punks continue to drive the majority of high value trades with almost all $150k+ trades in the past 24 hours being punk trades:
Whether we are seeing the first signs of an NFT resurgence, or just airdrop farmers positioning for Pudgy and Milady token launches is unclear. What ever happens, we’ll be tracking the latest on parsec.fi!
I like NFTs