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Bitcoin NFTs Pump
The floor prices of seemingly all the biggest NFT collections are up on the week, but the most eye-popping gains have come via Bitcoin NFTs.
For example, over the past 7 days, 
CryptoPunks are up 6.5% and Bored Apes are up 8% on Ethereum. Not bad!
Yet these climbs pale in comparison to the weekly runs that the top Bitcoin Ordinals collections just had. In that span, NodeMonkes are up 57%, Bitcoin Puppets are up 76%, and Runestones are up 73%.
These are pretty incredible short-term surges. So what's behind the positive price action?
There's no fine science to answering this question. My hunch, though, is that the top Bitcoin NFTs were oversold this summer, and momentum is rebounding now that sentiments are getting sunnier in crypto again.
Another factor I suspect may be involved is a rotation from 
Solana NFTs to Ordinals.
While most of the top 
Ethereum NFTs are up on the 7-day charts, the biggest Solana NFTs have seen sell pressure in kind. Mad Lads, Claynosaurz, and DeGods are down 10%, 8%, and 26% respectively this week.
Of course, an ecosystem rotation doesn't paint the full picture for why 
Ordinals projects are up bigly in recent days. Still, the recent downswing around Solana NFTs makes me think some of this action is from NFT traders swinging to the hot hand, Bitcoin.
Gains come and go, so things might look much different here a few weeks from now. Maybe Solana NFTs will be up and Bitcoin NFTs will be down then. But there's no question that the current spotlight is on Ordinals, and they’re capturing the attention of traders looking for the next big opportunity...
📰 General news
- Arianee, a digital product passports protocol, integrated
ENS for its identity management system
🎨 Cryptoart & music
- Botto will be one of the featured artists in the upcoming Lumen x Sotheby's auction
- Frame #7 of Robbie Barrat's legendary AI Generated Nude Portrait series resold for 200 ETH
- jalil.eth released Mint, a protocol for creating onchain collections on Ethereum
- Material Protocol Arts introduced Cycles, a new fully onchain kinetic sculpture on Ethereum
🏆 Digital collectibles
- Devil x Detail unveiled mounTONE by Alex Mack, a sweatshirt + digital collectible mint
- Pudgy Penguins joined the DRiP platform
🎮 Decentralized gaming
- Diamond Pit, a new fully onchain game on Starknet, launched
- Dojo, the
Starknet gaming engine, hosted its Demo Day event - Fren Pet is preparing to launch a Telegram mini app
- Treasure DAO approved the migration of the Treasure L2 to
ZKsync infra - Yield Guild Games announced a $100k prize pool Parallel tournament planned for YGG Play Summit
📱 Onchain social
- Orb, the
Lens app, introduced a revamped wallet experience - Paragraph released a
Farcaster mini app for in-feed articles
🪙 NFTfi
- rug.fun introduced a Dotto NFT mint that will unlock advantages in the platform's upcoming V3
Zora Network arrived on DEX Screener
🌐 Virtual Worlds
- Decentraland unveiled the winners of its Music Festival Emote contest
- Wassieverse released Canvas v1.0, a 3D avatar builder
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- ✨ NFT Sector Update - Our Network
- ⛩️ Anime Is Eating the World - a16z Games
- 😠 The Regulators Won't Let Us Cook - Cheryl Douglass
- 🌐 Toward a More Connected Internet - Alana Levin
- 🔵 Onchain Gaming With a Focus on Fun - David Tso
- 📱 How to Create a Farcaster Frame Without Coding - Success Frens and Tim
