Author: shaofaye123, Foresight News

Recently, the price of Mad Lads flooring has rebounded to above 50 SOL, and Pudgy Penguins flooring The price exceeded 20 ETH. The NFT sector is gradually recovering, and major project parties have also begun to take action. The Pudgy Penguins project issued PENGU tokens, and Milady Cult announced that the pre-sale of Meme project CULT has been TGE. In addition to NFT, what other opportunities are there to participate? This article will give you a quick overview of the recent changes in the NFT sector.

Although NFT sales have rebounded significantly recently, and NFT sales in November increased significantly compared with October, most of them were realized through Ethereum. Compared with the obvious recovery of the ETH NFT sector, the Solana NFT sector still performs mediocrely, and the NFT sector on the Polygon chain has not seen significant fluctuations. This round of NFT recovery may be due to the overflow of Ethereum liquidity. According to CryptoSlam data, the CryptoSlam ETH NFT Composite Index, which measures the performance of the ETH NFT market, has rebounded by more than 50% in the past three months. The Solanan NFT Index has hardly fluctuated in the past three months, with an increase of only about 2% in the past 30 days.

In addition , NFT projects also show serious data differentiation. The bull market for blue-chip projects has seen good gains. After NFT data picks up, blue-chip NFT projects are often in a leading position. After NFT rebounded, CryptoPunks was the first to lead the NFT market, with 30-day sales exceeding $49 million, a month-on-month increase of nearly 400%. Even if blue-chip NFTs are in a bear market, blue-chip projects such as Milady, Pudgy Penguins, and Mad lads will receive airdrops from various popular projects. NFT projects that perform poorly have already lost liquidity in the bear market.

On December 6, Pudgy Penguins announced on Twitter its plan to issue coins this year. Total PENGU supply is 88,888,888,888 pieces, the largest share (25.9%) of the overall distribution was given to the Pudgy community; at the same time, 24.12% was given to other communities, and FTT Holders also reserved a 0.35% share. The size of PENGU’s token airdrop is considerable. In addition, Abstract Chain may also conduct token airdrops for Pudgy Penguins holders. On the day the news was announced, the price of Pudgy Penguins NFT rose in response, with a single-day increase of more than 15%, and the transaction volume increased by 3-5 times. FTT also surged as a result.

Currently, only the counterfeit PENGU tokens issued on the Solana chain have reached the highest value. $12 million. Compared with the 1.8 billion FDV of APE in the same track, the valuation of PENGU tokens still has a lot of room for imagination. Additionally, MFER currently has a market capitalization of $32 million. This airdrop of PENGU tokens may become a big hit again.

On December 9, Milady Cult announced that the pre-sale Meme project CULT released by Milady founder @CharlotteFang77 has undergone TGE. The Milady project announced the pre-sale of Meme token CULT as early as June this year. At that time, the pre-sale lasted for 7 days and raised a total of 5861.8 ETH, worth approximately US$20.53 million.

The total supply of Milady Cult tokens is 100,000,000,000 and will be launched on December 9 Afterwards, the market value hit US$1 billion within 1 minute, quickly fell back to US$500 million after 5 minutes, and is currently stable at around US$700 million.

Compared with ETH's NFT infrastructure, the current Metaplex project on Solana still has a lot of room for growth. Metaplex is Solana’s decentralized NFT infrastructure that creates NFT protocols by providing the NFT community with development tools and open standards for digital asset issuance and on-chain ownership. The protocol consists of four smart contracts that make up the "contract ecosystem". Currently, MeThe types of crypto assets supported by tapplex are not limited to NFT, but also include FT, RWA, game assets, DePIN assets, etc.

The current FDV of MPLX is only 350 million, which is still a lot of room compared to TNSR's 780 million. In addition, the projects currently listed on Binance are concentrated in value coins with low market capitalization, and most of them are infrastructure types. As the Solana NFT infrastructure, MPLX currently not only stays in NFT, but also occupies a certain position in the issuance of various assets. It is in the upstream ecological niche of asset issuance and management and is still relatively undervalued.

Is the recovery of the NFT sector short-lived or can it maintain its popularity? How long can the gimmick of issuing coins alone attract market attention? The NFT project itself has strong memetic properties and communication characteristics, and has strong community cohesion and atmosphere. Perhaps combining innovation with more diverse assets will further open up the imagination for the NFT sector.