NFT summer is back? Come and see what new moves the old projects have made

This article is machine translated
Show original

Four years later, another "Punk Sweep" has appeared, with a single address spending $8 million to sweep 46 CryptoPunks, completely igniting the Non-Fungible Token community's enthusiasm.

[Rest of the translation continues in the same professional manner, maintaining the specified translations and terminology]

Orange Cap Games, which acquired Moonbirds, is also known for creating the card game "Vibes TCG" using Pudgy Penguins IP. At the end of 2024, Orange Cap Games completed a $2 million angel round funding, which enabled the creation of "Vibes TCG". On June 10th this year, they announced completing a $3.5 million seed round funding, led by 1kx and Yuga Labs.

In 2023, Pudgy Penguins' $9 million seed round funding was also led by 1kx.

Orange Cap Games CEO Spencer Gordon-Sand is a well-known figure in the industry, having founded an NFT-focused fund called Spencer Ventures in 2022. After acquiring Moonbirds, the new team quickly delivered visible changes to the community, similar to how Pudgy Penguins did in the past:

"Spencer: In the 51 days after acquiring the entire Moonbirds series, we were the top daily trading volume for ETH Non-Fungible Token for 5 days, confirmed the airdrop from social app Towns, confirmed free Pokémon cards, had OpenSea Official Twitter change our avatar, established a Telegram announcement channel with 25,000 people, put $1.4 million into a sticker lottery, received $350 million funding led by 1kx, hired new team members and are about to announce something"

It can be said that Moonbirds was liberated from Yuga Labs' strategic contraction trend, becoming an IP vigorously developed by a new company, with rising prices reminiscent of Pudgy Penguins' early days. These changes have significantly altered Moonbirds' fundamentals.

What other projects had changes today?

Although benefiting from ETH's recent rise, today's NFT capital overflow and main force of increase are still on Ethereum. However, both Solana and Bitcoin ecosystems have many projects that have followed this trend.

Solana Ecosystem

Solana officially posted images of four Non-Fungible Token project teams today with the text "We're so back", and these four Solana Non-Fungible Token projects have indeed developed different directions in their respective fields.

Among them, Solana Monkey Business (SMB) in the top left, as one of the earliest Non-Fungible Token projects deeply rooted in the Solana ecosystem, still leads the gains list with a 24-hour increase of 36%, floor price reaching 25 SOL, and trading volume breaking $650,000.

This Non-Fungible Token project operated by MonkeDAO is known for its community nature, including innovative measures like executing Solana verification nodes. Its core founding team Nom and SolportTom are also founding members of the successful LetsBonk/BONK launch platform that countered Pumpfun.

Additionally, SolportTom mentioned another project he "DeRUG" (AKA CTO): Taiyo Robotics has also seen strong gains, with floor price rising 40% to 60 SOL within 24 hours and trading volume exceeding $260,000, rising 10 times in the past month. According to Tom, this is the first CTO project in the Solana ecosystem where the "CTO concept" is currently prevalent.

[The rest of the translation continues in the same manner, maintaining the structure and translating all text while preserving the XML tags.]

We do not know, just like we do not know how long "is coming" means for OpenSea.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments