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- 📝 Was Magic Eden's $ME token launch a success?
📝 Was Magic Eden's $ME token launch a success?
PLUS: Adidas reveal ALTS NFTs, Drunken Monkey open luxury concierge NFT mints and more!
Nifty Notes Team
December 13, 2024
GM. This is Nifty Notes, the weekly newsletter that’s your reliable companion for all things NFTs, web3 and the metaverse.
Here’s what we’ve got for you today:
Magic Eden’s $ME sees mixed launch ⚖️
Adidas finally reveal their ALTS NFTs 🎁
Drunken Monkey open luxury concierge NFT mints 🏝️
INSIGHTS: V on Vana exploded as Vana revealed its $VANA tokenomics, Wonky Stonks rocketed as their fully generative nature drew fresh attention, and Pudgy Present flew ahead of the launch of $PENGU. Bored Ape Kennel Club fell as interest decreased, InfiniGods declined after their God Vaults mint, and World Of Women corrected after their recent rises.
Most Read ⬆️
Magic Eden’s $ME sees mixed launch ⚖️
Magic Eden launched their long-awaited $ME token on December 10 - though it didn’t go as smoothly as anticipated.
The airdrop required users to claim their tokens via the Magic Eden mobile app - which quickly buckled under the traffic. Reports of app freezes, endless loading screens and error messages flooded social media, with many encounting issues many hours after the token went live.
Despite the difficulties, the $ME token sits at a price of $4.21 as of writing, giving the token a market cap of $800m USD and a fully-diluted value of $4.2B, making it one of the highest-value token launches of 2024.
Adidas finally reveal their ALTS NFTs 🎁
Exactly one week after rivals Nike announced the closure of their RTFKT brand, Adidas revealed the art for their ALTS by Adidas NFTs after a three-year wait - and they bear somewhat of a resemblance to RTFKT’s CloneX NFT collection.
This collection of 20,666 avatar NFTs was initially minted during the NFT boom of 2021, with the art reveal marking a lean into the blockchain industry for Adidas at a time when Nike are scaling back.
Reaction to the art reveal has been mixed, with some praising the high level of definition and refinement, and others questioning the originality of the pieces and possible use of AI in the creative process.
Drunken Monkey open luxury concierge NFT mints 🏝️
Luxury concierge service Drunken Monkey Members Club has opened up its latest sales round, allowing holders to access opulent, lavish and exclusive opportunities around the world.
Priced at the exclusive discount of 1 ETH each, these NFT memberships – from a limited collection of 5,995 pieces – give holders access to hard-to-get opportunities they can’t obtain elsewhere, from world-class food & drink to concerts, parties, events and more.
In 2024 alone, Drunken Monkey members had access to hard-to-get tickets for the Oasis reunion tour, Anthony Joshua’s fights, and VIP access to both the Monaco Grand Prix and the Wimbledon Finals.
A limited number of NFTs remain available in the current round, with the price set to triple to 3 ETH for future rounds.
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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.