OrdinalsSponsor: 
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This week, bluechip ETH NFTs struggled – with Punks seeing their first sale in the 20s (ETH) in nearly three years. Meanwhile, Bitcoin-based Ordinals and 
Runes surged in popularity.
The total market cap of the top 10 Bitcoin-based NFTs, including Ordinals and Runes, climbed to $1.03B after a daily average trading volume of $2.25M in May.
Popular collections like NodeMonkes, 
Bitcoin Puppets, and Runestones had all jumped, up 5%, 8%, and 15%, respectively. Additionally, popular runes like PUPS, a Rune memecoin inspired by Bitcoin Puppets, and WZRD, a Rune token based on Taproot Wizards, are also up ~25% and ~40%.
Despite lagging behind Ethereum and other chains in sales volume, Bitcoin NFTs have continued to gain global interest. A surge in Google searches, a common metric for measuring sentiment, for "Ordinals" and "Bitcoin NFTs" suggests they still hold strong potential for future growth, something which could be further accelerated by OP_CAT’s upgrade if the proposal passes.
This serves as a good lesson: whenever Crypto Twitter deems something dead and buried, it’s probably not a bad time to buy.
📰 General news
- Fashion brands Jil Sander, Maison Margiela, and Marni implement Onchain Authentication
- CryptoPunks sale in the 20s for the first time in almost 3 years
🎨 Cryptoart & music
- World of Women integrating with Tezos to launch a new platform
- BAYC and other Yuga NFTs will be on auction at Sotheby's on June 18
- Emily Xie launches COMBAT MODE OE for Onchain Summer 2
- Prohibition Art launches new ‘pixel blobs’ drop by @numo_0
- Catalog writes a two-part investigation into the ongoing use of the music industry's perpetuity (life-of-copyright) deals
🏆 Digital collectibles
- OKX and McLaren F1 launch a “Race Rewind” NFT series
- Dapper Labs settles with customers for $4M over securities allegations
📱 Onchain social
- Friend Tech now has 177 users
- Enjoy, Zora’s memecoin, finishes its first season
🌐 Virtual worlds
- The Sandbox raises new round at $1B Valuation
- Decentraland has a Campaign update coming June 10
Stake your ETH with Puffer on Ethereum and unlock enhanced rewards with native Liquid Restaking Tokens (nLRTs) in Chapter 4 of the Crunchy Carrot Quest. Enjoy boosted Puffer & EigenLayer points, exclusive partner project airdrops, staking yield, and boosted DeFi integrations. Empower your ETH staking now!
- 🦾 How We’re Thinking About AI - Variant Fund
- 💰 The Incremental NFT Buyer - Hive Mind
- 🤝 Life Frameworks & Investing Framework - 0x_Kun
- 🎨 Checking in on Digital Art - Hive Mind
- 🌐 Challenges with BYOA and social networks - Dan Romero
- ✨ Boost.xyz: Revolutionizing Onchain Activity with Incentives and Rewards - Cryptosapiens
