In this roundup, BeInCrypto takes a look at some of the most exciting NFT news of the week.
In the past seven days, a major NFT fair has been held in Paris, Moonbirds and Doodles has launched new products, and Bored Ape Yacht Club NFT has been sold for 60 ETH.
Paris Gallery presents NFT Art
Earlier in the week, the Center Pompidou started showcasing its first set of NFTs. In an exhibition that will run until February 2024, the Parisian Museum of Modern Art has dedicated two rooms to a collection of 18 digital works.
The gallery includes examples of genre-defining NFT collectibles such as CryptoPunks and Bored Apes. These works are displayed alongside those of leading blockchain artists and emerging French and international NFT creators.
The show aims to put NFTs on the same platform as institutional fine arts. It also seeks to contextualize the contemporary popularity of NFTs within a broader conversation about art and digital media.
As curator Philippe Bettinelli to explain:
“The recent media hype surrounding the NFT craze may have given the impression that digital art was just being born, while it has been around since the 1960s in highly experimental forms that were not widely disseminated at the time.”
Moonbirds X MONA
Like similar generative NFT projects, 10,000 Moonbirds NFTs take the form of token avatars. In this case, in the guise of colorful owl-like creatures.
Collectors can personalize their Moonbird’s look based on their own portfolio holdings or achievements within the PROOF ecosystem.
In the project’s latest development, the NFT Group revealed this week that it’s working with Mona to build “Moonbirds Monaverse,” a new virtual world for the Moonbirds community.
Sharing a video teaser on Twitter, Web3 pioneer and Moonbirds founder Kevin Rose He said The new metaverse will be a place for:
“Host events, network, explore art, have conversations, and hang out on Discord to have some fun.”
Exciting news for Doodles NFT fans
In other NFT news, ahead of the upcoming Doodles 2 Beta launch, the popular project launched Doodles 2 Character Builder.
Character Builder allows Doodles NFT holders to change their clothes and attributes for a full body avatar. Doodles also announced an upcoming airdrop of the “Pharrell Pack” in partnership with brand ambassador Pharrell Williams.
Each pack includes digital apparel from brands including Adidas. A code that can be exchanged for an exclusive physical piece of clothing is also included.
The Yacht Club Monkey Promo NFT is being sold for 212 ETH
Last week, four bored monkeys made the news for passing or surpassing the all-important 70 ETH points. This is a noteworthy feat in a market where individual NFT teams have seen prices drop in recent weeks. The average selling price of the Bored Ape Yach Club (BAYC) NFT is currently 49.3 ETH, which equals $93,000.
The week started with Bored Ape #7403 selling for 212 ETH.
With the highly converted “trippy” fur property, shared by just 0.77% of all Bored Ape Yacht Club NFTs, #7403 has changed hands for over $400,000 USD. This makes it one of the most expensive boring monkeys ever sold. Currently, BAYC #7403 has an open bid of $250,000.
As an important indicator of overall NFT sales, the price of Bored Apes is often tracked by collectors. As such, news of high-value transactions is closely followed by anyone trying to understand the volatile NFT market.
Last week’s flurry of activity certainly stands in contrast to news earlier this month that NFT sales hit their lowest level in nearly a year.
Adhering to the Trust Project’s guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently check the facts and consult with a professional before making any decisions based on this content.