NFTs Attempt Another Comeback as Blue Chips Surge – Crypto News – Crypto News
Connect with us
NFTs Attempt Another Comeback as Blue Chips Surge NFTs Attempt Another Comeback as Blue Chips Surge

De-fi

NFTs Attempt Another Comeback as Blue Chips Surge – Crypto News

Published

10 hours ago

on

Bored Apes, Mutant Apes, Pudgy Penguins, Azuki and Doodles are all up double digits on the month.

The NFT sector has posted its strongest 30-day performance in months, with Yuga Labs’ flagship collections soaring and Azuki, Doodles, and Meebits catching bids.

The global NFT market cap sits at $1.87 billion after topping $2 billion over the weekend for the first time in three months, according to CoinGecko.

Yuga Ecosystem Leads

Bored Ape Yacht Club’s floor is 9.49 ETH, or roughly $21,715, up 15% on the week and 79% over the past 30 days. Meanwhile, Mutant Ape Yacht Club is up 26% on the week and 112% on the month. Otherdeed Expanded and Otherdeed for Otherside, the metaverse land tied to the Yuga ecosystem, are up 66.2% and 37.4% over 30 days, respectively.

While there is no clear catalyst for the move, Yuga Labs recently settled its long-running trademark suit against artist Ryder Ripps and partner Jeremy Cahen.

Other Ethereum blue chips are also participating. Azuki is at 1.09 ETH, up 28% on the week and 61% on the month, while Doodles is up 30% and Clone X is up 28% over 30 days. Meebits, the pixel-art collection that Yuga acquired from Larva Labs and subsequently sold, is up 28% on the month.

CryptoPunks Maintain Top Spot

CryptoPunks remain the largest collection by market cap, with the floor at 30.94 ETH, or about $70,805, up 16% on the week and 7.6% on the month. The relatively muted 30-day performance likely reflects the collection’s much higher starting base.

Pudgy Penguins, the third-largest collection, has rallied harder, with the floor at 5.05 ETH, up 15% on the week and 25% on the month. The collection has been a focal point for crypto-native consumer IP this cycle, with parent Igloo Inc. launching its browser-based Pudgy World metaverse in March and a mobile racing title that briefly topped Apple’s App Store rankings last year.

Canary Capital’s proposed spot PENGU ETF, which would also hold up to 15% of assets in Pudgy Penguins NFTs, remains pending at the SEC.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Related Topics:
Continue Reading

Trending