Welcome to the weekly update of all things NFTX, along with a sprinkling of NFT news as well.

Product Development

Rebranding complete with Homepage relaunch

After an incredibly busy couple months the final piece of the redesigned NFTX front-end is complete with relaunching the main NFTX landing page - https://nftx.org

From our new homepage you can now access the main NFTX app, the gallery, and our community links to Discord, Github and Twitter.

www.nftx.org

The team will now be advancing to work on making the interface ready for the upcoming protocol v2 launch, which is planned to launch as soon as it’s passed the testing phase aiming at early June.

If you’re interested in user testing for future product updates, please contact @javery on Discord or email hello@nftx.org.

Note: If you’re looking for the old interface it can still be accessed via https://classic.nftx.org.

V2 Contract Testing

The competition on the Code Arena website completed last week with more than 100 tickets registered into the private repo. There was a mixture of feedback which could be categorized into two tranches.

The first, feedback around the way the protocol worked or personal preferences on how to write particular functions. The majority of this type of feedback will be ignored due to our own developer preferences and the team having a deeper understanding of where the protocol is heading long-term.

The second tranche, with really valuable feedback pointing out clear areas of improvement in the code, exactly what we were looking for from this process.

While Alex and Kiwi make their way through the feedback, the product squad is pressing ahead with the V2 front-end code and we are ambitiously aiming to release the new interface at the end of the month/start of next month.

Vaults Movements

The vaults have had another productive week with plenty of action on the new interface. There were

  • 1,300 unique wallets connected
  • 49 mint events
  • 38 redeem events
  • 1 new vault creation

Along with new vaults, here are the movements on our existing vault holdings over the past 7 days:

  • Punk Basic +5 (5.56%)
  • Punk Female +3 (10.34%)
  • Punk-4 +2 (9.09%)
  • Punk-5 +1 (12.50%)
  • Kitty-0-F +5 (2.42%)
  • Glyph -2 (-15.38%)
  • OxMon +1 (16.67%)
  • Mask -26 (-5.15%)
  • Waifus +3 (1.65%)
  • Alpaca +6 (18.75%)
  • EthCards +4 (16.00%)
  • BAYC +3 (7.89%)

Governance

If you missed out on the NFTX Governance call last week you can catch up with this post from our YouTube channel.

After polling the community it was voted that Governance calls should be moved to a monthly schedule, so our next call will be on 2nd of June at 16:00 UTC, and will continue on the first Wednesday of the month.

NFT News

Carved Tiles

This unique project caught our eye this week. It is not often that you see an NFT related project containing both a digital and physical output. Kings of Leon did this with their limited edition LP release of their latest album, but these Carved Tiles are something else.

Each NFT is a digital representation of a physical piece of wood that has been carved/cut and stained with resin to create a unique tile. The back of the wooden tile is laser engraved with a QR code link to the permanent on chain NFT, along with the token id, artist signature and contract ID.

They mint at 0.3ETH and are certainly worth checking out.

Big NFT Sales

Meebit #10761 sold for 700ETH this week putting it at a little over $2.69 million in USD. This was one of the Dissected Meebits which make up just 0.03% of all Meebits in existence.

Meebit #19729 was another million dollar sale, this time a Visitor (similar to the one picked up last week in the minting exploit) going for a cool 245 ETH.

There have also been some significant XCOPY sales this week with four of his pieces going for between 90 — 100 ETH each.

Numbers check

The 7d price for NFTX is up by 31.5%, and down 7.6% over the past 24 hours, sitting at $142.31 mark as of Sunday evening.

That's all for this week. If you have any questions, come and join in on the Discord channel.