Parsec’s weekly report discusses the recent trends in the NFT market. The report highlights the increase in NFT volume and active traders, with Pudgy’s gaining attention due to their $9m seed round and toy line announcements. Jack Butcher’s Opepen’s have had a significant run, with most still ‘unrevealed’. Milady’s have experienced a sizeable retrace, attributed to Elon Musk’s tweet and excessive leverage. Blur has continuously added new collections to their Blend platform, reflecting in the volume of new activity.
Actionable Insights
- Monitor Pudgy’s Developments: Pudgy’s has been gaining attention due to their $9m seed round and toy line announcements. Keeping track of their progress could provide insights into the potential growth and investment opportunities in the NFT space.
- Follow Jack Butcher’s Opepen’s: Jack Butcher’s Opepen’s have had a significant run recently. Monitoring these could provide insights into the trends and potential investment opportunities in the NFT market.
- Observe Milady’s Performance: Milady’s have experienced a sizeable retrace recently. Monitoring their performance could provide insights into the impact of external factors like tweets from influential figures on the NFT market.
