🦉 Moonbirds creator Kevin Rose loses $1.1M+, Through A Scam

Good morning: GM Frens!

• NFT Market - Some interesting projects breaking into Top Trending this week. Amongst those are the Sieze The Meebs! Project. It has had a trading volume of over 390 ETH in the past 24 hours.

• Trending Collections

  • PORSHE 911 [Floor Price - 2 ETH]

  • The Memes by 6529 [Floor Price - 0.50 ETH]

  • Seize The Meebs! [Floor Price - 0.17 ETH]

Today's edition:

• ☀️ Doodles Reveal 2023 Letter

• 🦉 Moonbirds creator Kevin Rose loses $1.1M+, Through A Scam

• 🎮 Axie Infinity Soars more 22%

• 🤑 NFT Sales hit $101 Million in 2022

• 📉 Porshe NFT Collection, Called "Cash Grab"

• 📈 Donald Trump NFT's Soar 90% in 7 Days (Benzinga)

• 🏎️ Porsche NFT Collection Fails to Gain Traction (Finance.Yahoo)

• 💵 Floor Acquires WGMI.io to "Exapnd NFT Portfolio" (Decrypt)

• 🕹️ Gaming With NFT Characters; Are NFTs A Buy Now? (Investors)

• 🔨 Introducing Fragsy: The Revolutionary Platform for Upgradable NFTs (PRNewswire)

• 🏎️ Porshe NFT Floor Price Races Up Following Bumpy Mint (CoinDesk)

• 🦝 Kevin Rose Just Has Over $1M Worth of NFTs Stolen (Decrypt)

Doodles Unveils 2023 Letter

One of the best NFT projects out there, Doodles, has recently shared a letter that unveils all its plans for 2023!

Let's unpack it together. 

Here are the quick facts:

• Doodles recently unvieled via Twitter, a letter that reveals its plans for 2023.

• In the letter, it is revealed that Doodles 2 will be on the Flow blockchain due to nonexistent gas fees.

• Collectors of Doodles 2 will be able to personalize their attributes, which sounds like loads of fun.

• In addition to that, you will be able to share the NFTs through social media platforms like Twitter.

There were more things covered in the letter including Doodles, Space Doodles, DoodleBank, and much more. Read the full letter down below 👇

Moonbirds creator Kevin Rose loses $1.1M+, Through A Scam

Moonbirds made the headlines once again, but this time for the wrong reasons. 

Famed Moonbirds creator Kevin Rose made one costly move. The co-founder of the NFT collection moonbirds fell victim to a phishing scam leading to more than $1.1 million worth of his personal NFTs stolen. 

Here are the quick facts:

• Moonbirds co-founder Kevin Rose fell victim to a phishing scam that lead to more than $1.1 million worth of NFTs stolen.

• The NFT creator shared the news with his 1.6 million Twitter followers on January 25th asking them to avoid buying Squiggles NFTs.

• He was phished when he approved a malicious signature that transferred a significant proportion of his NFT assets to the explorer.

• Among those NFTs he lost are Autoglyph, which has a floor price 345 ETH, 25 Art Blocks that are worth a combined 332.5 ETH, and 9 OnChainMonkey itmes, worth 7.2 ETH.

Just another example that anyone out there can get scammed. Be careful and always make sure to avoid any suspicious links. 

Axie Infinity Soars more than 22% Amid AXS Token Unlock

The price of the Axie Infinity (AXS) is up 21% over the past 23 hours, currently trading at $12.15. This comes amidst its 80% rally that started two weeks ago. 

Here are the quick facts:

• Axie Infinity is a Play 2 Earn (P2E) game that allows gamers to use their NFTs to fight other players' NFTs.

• The circulating supply of AXS, the governance token behind the NFT collectible game Axie Infinity, recently increased.

• Holders of this token will be able to vote on the game's development and how to deploy their treasury fund.

• Axie Infinity unlocked tokens will be distributed to those who earn staking rewards.

• This is part of their vesting schedule, which unlocks the tokens periodically.

Check this graphic showing AXS token distribution and vesting schedule. 

NFT Sales Hit $101 Million in 2022

I know, I know, new year, new stuff. However, before we move on from last year, there is still one more mind-boggling statistic. According to DappRaddar, NFT sales topped a whopping $101 million in 2022! Remember this is the very same year people thought NFTs were dead due to the market. 

Here are the quick facts:

• Despite the bear market, NFTs still generated more than $100 million in sales in 2022.

• Ethereum comes out on top as the platform fo choice. It holds a 21% market share, followed by Wax then Polygon.

• Many of the NFTs sold had some form of utility, either offering adidtional rewards or future airdrops.

• This shift is good as we move away from hyped PFP to more utility-focused projects.

Despite this statistic, there is stil a long way before mainstream adoption. Nevertheless, this is a great sign for the space.  

Porshe NFT Collection, Called "Cash Grab"

Porshe's announcement to enter the metaverse were met with incredibly cheers and support. Finally, another huge company entering the space. However, it did not go as planned. And when we say it didn't go as planned, let's just say it ran out of steam before it ever launched. 

Here are the quick facts: 

• Porshe, the famed automaker, announced its intention to enter the metaverse through its NFT Collection.

• However, it came with many flaws.

• For one its high mint price and lack of communication resulted in only 16% of the supply to sell out on launch date.

• This resulted in many taking it to Twitter to bash the collection, calling it a "Cash Grab."

• This was due to the high mint price at the time, which was 0.911 ETH ($1,420).

• At one point in time Porshe had to stop the minting only to post an hour later that the minting was still ongoing.

• Nonetheless, the floor price in secondary marketplaces like Opensea sits at 2.75 ETH.

Despite all this commotion they were still able to sell thier collection. As of now, all we can say is wlecome Porshe to the NFT scene. 

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