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  • 📝 Bitcoin breaks $100k. Will NFTs continue to soar?

📝 Bitcoin breaks $100k. Will NFTs continue to soar?

PLUS: Nike announce RTFKT closure, Animoca backs Pudgy Penguins and more!

GM. This is Nifty Notes, the weekly newsletter that keeps you on top of the biggest stories across NFTs, web3 and the metaverse.

Here’s what we’ve got for you today:

  • Bitcoin hits $100k, NFTs continue to rise 📈

  • Nike announce closure of RTFKT 👀

  • Animoca Brands backs Pudgy Penguins 🐧

INSIGHTS: Bored Ape Kennel Club flew as Bored Ape interest rose sharply, Sappy Seals grew as their 3D avatars were released, and Cool Cats rose as The Milk Chug rolls on. VeeFriends fell despite news of an incoming comic, CloneX declined with the news of RTFKT’s impending closure, and Mocaverse slowed despite news of a partnership with Pudgy Penguins.

Most Read ⬆️

Bitcoin hits $100k, NFTs continue to rise 📈

Bitcoin has surpassed the $100,000 milestone for the first time, with interest in crypto assets sending NFT prices soaring.

Prices for NFTs have risen across the board, with many of the top NFT collections seeing their highest prices since 2021. Over the past 30 days, CryptoPunks has risen by 67% to a 40+ ETH floor, and Bored Apes by 85% to a 20+ ETH floor.

Meanwhile, Pudgy Penguins has seen a massive 123.84% rise to a 17+ ETH floor, spurned on by news of their upcoming $PUDGY token.

Nike announce closure of RTFKT 👀

RTFKT, the blockchain-based sneaker brand owned by Nike, has announced they will wind down their web3 services “by the end of January 2025”.

In an announcement posted to X, RTFKT thank both their creators and collectors, and have pledged to launch an updated website that documents their journey, as well as one final MNLTH X drop to be held in December.

This has plunged the future of their NFT collections – including the popular Takashi Murakami collaboration CloneX – into doubt, with multiple influencers posting public offers to acquire ownership of these collections from Nike.

Animoca Brands backs Pudgy Penguins 🐧

Animoca Brands has made a strategic investment into Igloo Inc., the parent company behind popular NFT collection Pudgy Penguins.

The funding aims to accelerate the development of Pudgy Penguins’ ecosystem, and to expose Animoca's existing Mocaverse NFT collection to the rapidly-growing Pudgy brand.

Part of the deal will see Igloo's Ethereum Layer-2 blockchain Abstract be integrated into the Mocaverse platform, assisting with growth between the communities of both entities.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.