🆕 Prada releases new NFT collection

Good morning: We are fast approaching the end of the year. Let go out with a bang!

• NFT Market - NFT market seems to be doing just fine despite the winter that struck the crypto market as a whole. Clone X takes the top NFT spot by volume traded.

• Trending Collections

  • RTFKT Animus Egg [Floor Price - 718 ETH]

  • 3D Invisible Friends [Floor Price - 534 ETH]

  • Abstraction by anon [Floor Price - 143 ETH]

Today's edition:

• 🆕 Prada releases new NFT collection

• ⛵ Opensea to add support for BNB Chain NFTs

• 🏎️ Porsche Launches its 911s NFT Collection

• 🤑 Leaked Yuga Labs' Financials Show Mind-Boggling Profits

• 💰 Free NFT Mint for December

• 🕊️ Why NFTs Had to Be Invented (Decrypt)

• 😶‍🌫️ Why NFTs will Upgrade Everything (Blockworks)

• 💵 Yam Karkai's Illustration made her an NFT sensation, now waht? (NewYorker)

• 🕹️ Play Casual Games, Win NFTs (Decrypt)

• 🔨 How Web3 solves a fundamental issue with Web2 (Cointelegraph)

• 📃 Telgram to Launch DEX & Wallet Following FTX Failure (NFTLately)

Prada's New NFT Collection Is Out, And There Is A Holiday Theme To It

 On December 1st, Prada launched an exlusive holiday-inspired gender neutral sweater along with a free NFT. Their first Timecapsule NFT collection came out in December of 2019. The latest collection will be the 36th drop of Prada's series of NFT collections. It will also be the 2nd Timecapsule collection. This time, there will be 50 NFTs, and it includes physical Prada sweaters made of Merino Wood.

Here are the quick facts:

• After two years, Prada will launch another Timecapsule NFT collection.

• The new collection will launch on the Ethereum blockchain.

• This NFT collection will also feature Prada's physical clothing collection.

• Binance signed a non-binding agreement to buy FTX on Tuesday.

• This month-long event will allow customers to buy limited edition items that will include NFTs.

OpenSea Adds Support for BNB Chain NFTs

OpenSea will soon allow BNB Chain NFTs to be traded on its platform. The largest NFT marketplace annnounced it is working on a protocol that will allow BNB Chain NFT holders to trade their NFTs on the platform.

Here are the quick facts:

• BNB Chain will integrate NFTs onto Opensea by the end of the year.

• This will allow multiple BNB Chain creators to earn from their NFTs on OpenSea.

• This integration is good since it will bring a wide number of creators from BNB Chain into the NFT ecosystem.

• BNB ecosystem consists of over 1,300 dapps across multiple categories including the metavers, DeFi, blockchain gaming, and NFTs.

• Currently OpenSea supports NFTs from Ethereum, Polygon, Klaytn, Solana, Arbitrum, Avalanche and Optimism.

Porsche Makes Web3 Debut With Its NFT Collection

Popular luxury sports car manufacturer, Porsche, recently announced its entry into the Web3 space with its announcement of its NFT Collection. The automaker introduces the collection of digital images featuring the 911 sports car. 

Here are the quick facts:

• Porsche has announeced its new NFT collection featuring the Porsche 911.

• There will be 7,500 NFTs ready to be minted.

• This is Porsches first NFT collection and official entry into the Web3 space.

• Owners of this NFT will have exlusive access to real world events as well as their virtual world.

• The NFTs are slated to be released in January 2023.

Leaked Yuga Labs' Financials Show Mind-Boggling Profits

Recently leaked financial documents form Yuga Labs shows that they have sold more than $300 million worth of metaverse land, which cost the OG NFT developers $4.6 million to build and sell. 

Here are the quick facts:

• Leaked data shows that the famous NFT company has made more than $137 million from NFT intiatives.

• They have profit margins of 95.5% and have net revenues of 84%.

• According to the documents, their revenue share comes from virtual land sales "The Otherside".

To date, Yuga Labs has been the most successful NFT company given that they are the curators of some of the most popular NFT projects out there like BAYC, Crypto Punks, and Otherdeed among others. Further, Otherdeed, YugaLabs' metaverse, has been a huge hit for the NFT and crypto collectors. The recently leaked financials show how "The Otherside" metaverse account for a vast percentage of their profits. 

FREE NFT Mint December Edition

FTB Cup

FTB Cup is an NFT project the contains 2,300 unique 3D football boot NFTs. This is an Ethereum based project.

**Check the project's website for details on how to be whitelisted. 

Blockchain: Ethereum

Mint Date: Currently Minting

Website: FTB Cup

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