Adidas Partners With BAYC And Punks Comic
Sunday, November 23, 2021
Adidas enters into web3 with a teased partnership with BAYC, PUNKS Comic, and Gmoney.
ConstitutionDAO’s $PEOPLE token surges to a new ATH of $0.169 despite the DAO’s closure.
Universe.xyz marks the first NFT marketplace to launch on Optimism.
Zapper Finance surpasses 1 million MAUs and $10 billion in total transaction volume.
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BAYC and PUNKS Comic Teas Adidas Partnership
BAYC, PUNKS Comic, and Gmoney have tweeted teasers of an upcoming partnership with Adidas. The three twitter accounts posted a picture of an ape and punks comic wearing an Adidas sports hoodie. The tease could signal the possible release of a limited edition BAYC NFT or BAYC-inspired Adidas clothing.
Earlier this week, Adidas announced a partnership with Coinbase, teasing their play into the “AdiVerse.” Adidas also owns virtual land in The Sandbox, a virtual metaverse game developed by Animoca Brands. PUNKS Comic is an NFT series drawn by Marvel and DC Comics artist Chris Wahl. Gmoney is an NFT collector and a general partner at Delphi digital's INFINFT token minting platform.
ConstitutionDAO’s $PEOPLE Token Reaches ATH
ConstitutionDAO’s $PEOPLE token has surged to a new ATH of nearly $0.17 despite the closure of the DAO. Initially, supporters were given a share of the $PEOPLE governance tokens in proportion to their donation amount. Supporters were then given the option to keep their tokens or return them in exchange for a refund amid the closure of the project.
Tokens that are returned to the DAO are burned, which then reduces the token supply. According to a Dune Analytics tracker, more than 55% of $PEOPLE tokens have been burned. $PEOPLE is currently trading for about $0.09 and has a market cap of $600 million. During the week of the auction, $PEOPLE tokens were trading for less than half a cent.
ConstitutionDAO had raised more than $45 million in an effort to purchase an original copy of the U.S. constitution at a Sotheby's auction. The DAO ended up losing the bid to Citadel CEO Ken Griffin who is a vocal skeptic of cryptocurrencies. ConstitutionDAO later announced the closure of the project, however, speculative investors believe it has potential to be the next Shiba Inu. OKEx opened trading for $PEOPLE on November 26th.
Premia Finance Launching On Arbitrum
Premia Finance, a defi protocol focused on options contracts, announced it will launch on Arbitrum on Tuesday, November 30th. Premia uses ERC-1155 tokens for the securitization of covered options contracts where the token collateral is locked up with the smart contract until either expiration, exercise, or early cancellation.
Premia’s Options Minter allows users to write Options for any token denominated in DAI, WETH, or WBTC. The platform enables for multiple contracts to be exercised in a single transaction, saving on gas costs. Users can also earn yield for providing liquidity to Premia options pools, however, the platform is still in a beta phase.
Zapper Finance Reaches 1 Million MAUs
Zapper Finance has reached its first million monthly active users and has surpassed $10 billion in total transaction volume. The platform has grown 10-fold over the past year having reached its first $1 billion in total volume in December 2020. Zapper also reached 100k followers on Twitter this week.
Zapper says they have been focused on building up support for their community on social channels, particularly in Discord. Zapper was created at the beginning of last year with the first versions of the dashboard being released during DeFi Summer. It’s been rumoured that Zapper could have an airdrop for users that have interacted with the platform.
First NFT Marketplace Launches On Optimism
Universe.xyz will mark the first NFT marketplace to launch on Optimism. The integration will support minting, social tools, and media services. NFTs on Optimism offer users with significantly lower transaction and minting fees compared to L1 Ethereum. Universe was added to Optimism’s whitelist early last week. Optimism is currently the 5th largest layer2 solution by TVL with over $465 million in locked assets.