nft

September 17th's NF3 Recap: Christie's No Time Like Present, The Worm and More

As we begin to emerge from the recent bear market, a few key events in the last few days have sparked big movement in the world of NFTs. The Christie's auction, entitled No Time Like Present, began last night and features works from three NFT projects: CryptoPunks, Meebits and Bored Ape Yacht Club—among other pieces of contemporary art and fashion. There have been a couple big floor battles between rivaling projects this week as well, another strong signal that we're emerging from the hibernation of last week's bear market.

If you're just tuning in, this is NF3, ONE37pm's NFT recap that explores the latest and greatest moves in the world of non-fungible tokens. Welcome.

1. Christie's No Time Like Present is Underway

Christie's long-awaited No Time Like Present auction finally began yesterday, capturing the attention of NFT aficionados and the art old guard alike. The collection includes NFTs from Larva Labs' two projects, Meebits and CryptoPunks, in addition to a couple of entries from Yuga Labs' BAYC.

NFTs aside, the lot also includes a couple of Rolex watches and other iconic pieces blurring the world of fashion and art. In celebration of the auction, tons of NFT enthusiasts either suited up IRL or let their digital avatars don a two-piece.

This response to the auction has been really wonderful, encapsulating the NFT community's ethos: WGMI. A rising tide lifts all boats, so even those involved in projects other than those included in the Christie's auction are showing their support by getting dressed up.

I saw avatars from smaller NFT projects in Discords far and wide manipulated to reflect the momentous occasion. It might not seem like much, but this community-response demonstrates the malleability of people's digital avatars. I even saw developers of certain projects formally issuing suited up versions of their collections.

The auction will be live for 10 days, you can browse the whole lot here.

2. The Worm has Breached

I'm going to leave the technical explanation of what happened to the folks behind the project itself, but the Worm finally escaped its NFT. If you haven't been following the saga, "The Worm is an NFT on a mission to visit every wallet on the Ethereum blockchain. It recently got stuck in a scammer’s wallet for 30 days." Today, after 30 long days of imprisonment, the Worm disappeared out of its NFT.

Since the Worm got stuck, the developers have been working hard to transport the on chain artwork of the worm out of the wallet it has been stuck in. Today, the developers successfully breached the worm from the wallet; they will be resurrecting the Worm so it can continue its journey on September 20th.

Read more here.

3. The CryptoPunks / CyberKongz Battle Wages On

Throughout the week, both projects have seen immense growth in their floor prices, with genesis CyberKongz reaching a landmark 100 ETH floor yesterday. This isn't a specific piece of news, per se, but demonstrates that the market seems to be returning to a state of normalcy, with majorly-hyped projects exploding.

Any time a project approaches CryptoPunks, it's good news overall for the market, demonstrating that a moon might be possible for any collection.

Other cool stuff:

The Art Blocks curated project we discussed in an NF3 earlier this week, entitled Fragments of an Infinite Field, has eclipsed 20 ETH on OpenSea. Truly insane.

They haven't confirmed anything yet, but the folks over at the Hundreds (the streetwear brand behind the Adam Bomb Squad) released another Medium article on Wednesday that suggested that the metadata reveal will be sooner than we think. Again, nothing is confirmed, but with overall sentiment up in the NFT community, this might just be the weekend we finally get that coveted metadata.

Here's to having a big weekend. See you on the other side.

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