After a long, cold winter where not much was happening, the world of Ethereum NFTs (those unique digital collectibles you can buy and sell) is getting exciting again in 2024. It’s like the market is waking up from a deep sleep, and we’re seeing some pretty cool things happening.
So, what’s the big news? Well, two collections of NFTs, Pudgy Penguins and Bored Ape Yacht Club (BAYC), are making headlines. Imagine this: Pudgy Penguins, which is a bunch of cute cartoon penguins, saw its lowest-selling price jump up by a whopping 300% in just three months. For a brief moment, these penguins were even more in demand than the super popular BAYC, which is all about apes living it up on a yacht.
Did you know? Recently Dymension airdropped tokens to Pudgy Penguins holders. And there are hints Zksync may also airdrop Zksync tokens to Pudgy Penguin holders, at the time of the mainnet launch.
But why does this matter? It’s a big deal because it shows that people are getting interested in NFTs again, spending money and bringing energy back to this space. For a while, things were pretty quiet, but now, there’s a buzz, and it’s like everyone’s talking about NFTs once more.
One of the big players, Yuga Labs (they’re kind of like the Disney of the NFT world), is making moves, too. They just bought another collection called Moonbirds, which is all about these cool pixelated owls. Yuga Labs has big plans, like making these NFTs part of their online gaming world. This deal happened super fast, showing that when the right pieces fit together, things can move quickly in the NFT world.
Moonbirds floor price also jumped by more than 50% in the last 7 days. At the time of writing this article, Moonbirds are trading at 1.78 ETH NFT floor. Pudgy Penguins are trading at 20.69ETH NFT floor.
But it’s not been all sunshine and rainbows. The NFT market took a big hit, with a lot of people losing interest and sales going down. Even some big, expensive NFT sales from the past are now worth a lot less. Yet, with Yuga Labs buying Moonbirds and other positive signs, it feels like there’s hope and excitement again.
What’s interesting is how Yuga Labs is dreaming big, wanting to be like Disney but for the crypto and NFT world. They’re planning to make a virtual universe where all these different NFT characters can come together. But it’s not been easy; they’ve had to make some tough choices and focus on what they think will work best.
Read this: Want to learn about SEI NFTs?
In short, the story of ETH NFTs in 2024 is about bouncing back, finding new energy, and getting excited about digital collectibles again. It’s a world where cute penguins and pixelated owls are leading the charge, showing us that, even in the digital realm, a new spring can always follow the coldest winter.
