Last 7 days the NFT market saw a 3.56% decrease in total sales volume with the total number of NFT transactions tanking by 13.39%. CMC says NFTs are still too expensive. For the price of a jpeg, huh?

Although $AXS rallied to $13.8, a 60% spike from its bear market low, it's unclear when the NFT market will recover.

We believe when NFT's utility will gain better exposure and adoption it can potentially shed new light on the trading volume boost.

CryptoPunk #7641

Sale Price: 272.00 ETH ($418,591.09)

Since its creation in 2017, this CyberPunk has been sold 6 times. He spots two primary attributes - a hoodie and a ginger beard. He is one of 3560 punks with just two attributes, one of 259 punks with a hoodie and one of 292 punks with a normal beard.

Bored Ape Yacht Club #5

Sale Price: 194.20 ETH ($281,903.59)

Minted in 2021, this is its first sale. The Ape spots a bright red T-shirt, X eyes, a BAYC-brimmed hat, and a dumbfounded look. He ranks at 71.39% rarity in the collection and is currently owned by a collector named nobody_vault.

Fidenza #561

Sale Price: 145.00 ETH ($240,959.97)

Fidenza is a generative art collection created by the American artist Tyler Hobbs. Tyler has described this collection as his most versatile algorithm yet. #561 is unique for its properties - Black colour, bold outlines, high density, and med turbulence. It is now owned by  anonymous collector.

Dreadfulz #164

Sale Price: 218 ETH ($352248.76)

#164 is one of the 7,777 PFP from the Dreadfulz collection. In the past 24 hours, this NFT has been sold 6 times. It has a rarity ranking of 34.1% in the collection. Some of its attributes are a straitjacket, galactic eyes, ember background, an unamused mouth, and a stone head.

Doodle, the favourite choice for crypto Twitter's profile pictures, has finally moved sides. The project will complete the move from the Ethereum blockchain by releasing the highly anticipated Doodle 2 on the Flow blockchain on January 31.

Why the move?

Behind all that corporate speak, the Doodle team has its sights set on specific priorities - to grow their user base, community engagement, and above all, revenue. Doodle hopes that by moving to Flow - a gas-fee-free blockchain, they will be on course to onboard ‘millions’ of new customers.

Doodles CEO Julian Holguin said in a statement that as the brand aims to grow across “other verticals like animation and music,” using Flow should help attract consumers unfamiliar with owning digital assets as it is perhaps by some measure more user-friendly.

In other news,

• Together they came, and together they left. NFT’s most famous twins and co-founders of Nifty Gateway, Duncan and Griffin Cock Forster, resigned. Read more.
• Luxury car brand Porsche slams the brakes on their NFT Collections. Read more.

Guess who's gonna build the most yummy-filled Metaverse? Our beloved cookie maker Oreo has taken a splash into the Metaverse with its very own OREOVERSE.  

It is an interactive digital world where cookie lovers can play cookie-themed games and compete in a sweepstake. And the cherry on the cookie pie? The grand prize for the sweepstake gives users the chance to win $50,000 amongst other prizes.

To endorse the Oreo-inspired digital world, the company signed on Snoop Dogg’s bestie and famous TV personality Martha Stewart along with her gardener and friend Ryan McCallister.

In other news,

• The UN has launched a metaverse game for teaching teenagers about the environment and how to protect the Ozone layer. Read more.
• Pet food company Pedigree has created a program called the Fosterverse, to allow Decentraland property owners to “foster” digital versions of real-life rescue dogs. Read more.
• Apple is set to launch its VR on Decentraland. Read more.

Guess who is back? Europe's most influential blockchain event is taking place yet again on 15-17 February at the 5-star hotel Hyatt Regency Barcelona. The event will welcome more than 3,000 attendees - making it the largest edition since the event launch in 2018.

Since inception, the European Blockchain Convention has been the annual meeting point for the crypto and Web3 industry in Europe. It brings together hundreds of startups, investors, developers, industry experts, and global media.

The three-day event will feature more than 200 exceptional industry experts across various panels, keynotes, workshops, and fireside chats. Get your tickets before they are gone!

Yesterday, a hacker took over Robinhood’s Twitter account to shill a fake token and NFT sale on the Binance Smart Chain through the PancakeSwap.

According to a Binance Smart Chain scan shared by internet sleuth ZackXBT, the scammers made off with 26.95 BNB tokens, around $8,200.

Binance’s “CZ” is on top of the situation, saying the account had been locked pending further investigation.

Robinhood has responded to the hack in a statement  saying, "We’re aware of the unauthorized posts from Robinhood Twitter, Instagram, and Facebook profiles, which were all removed within minutes,"

"At this time, based on our ongoing investigation, we believe the source of the incident was via a third-party vendor." - Robinhood.

In other news,

• Kevin Rose, the founder of Moonbirds NFT, has had his wallet hacked. He is estimated to have lost at least $1M in NFTS. Read more.