1. Bored Ape Yacht Club
Last week’s ranking: No. 1
The streak continues. BAYC is still on top of our power rankings. Despite facing SEC Probe over unregistered offerings, Bored-Ape creator Yuga Labs continue to build and fulfill its plans.
Recently, Yuga Labs is reportedly being investigated over the sale of Bored Ape NFTs and distribution of ApeCoin. Reports citing unnamed sources claim that the agency is examining whether a crypto startup issued NFTs that behaved like stocks and whether the Ethereum-based ApeCoin token distributed earlier this year violated federal law. Reports indicate that Yuga Labs has not yet been accused of any wrongdoing, and the investigation may not result in charges.
Recently, Yuga Labs shared that they have given $1 million to support arts and education programs in Miami, the birthplace of BAYC and most of the leadership team.
Miami is a special place. It’s the birthplace of @BoredApeYC and most of our leadership team. This is a vibrant community with a bright future – we’re thrilled to announce a new $1 million initiative to support arts and education programs there. More at: https://t.co/tUdhLMC1Na
— Yuga Labs (@yugalabs) October 12, 2022
As of October 18, BAYC NFT floor price is at 76.659 ETH.
Last week’s ranking: No. 7
Azuki is on the rise. The web3 anime universe is introducing the Physical Backed Token (PBT), an open-source token standard tying a physical item to a digital token. It will be their first implementation of PBT using the BEAN Chip, a physical cryptographic chip that self-generates an asymmetric key pair. PBT enables the hardware to create a new experience we like to call “scan-to-own”. You can learn more about this update on the Azuki website: https://www.azuki.com/updates/pbt
As of October 18, the floor price stands around 11.72 ETH.
Introducing the Physical Backed Token (PBT): an open source token standard tying a physical item to a digital token on the Ethereum blockchain. pic.twitter.com/iXavmJR5xv
— Azuki (@AzukiOfficial) October 17, 2022
3. Mutant Ape Yacht Club
Last week’s ranking: No. 4
MAYC continues its climb to the top of the rankings. After weeks of losing the second spot, MAYC remains to see consistent transactions and sales over the past weeks. The collection’s floor price stands at around 14.59 ETH.
Last week’s ranking: No. 5
CryptoPunks holders are stoked about the announcement of CryptoPunks.app restoration project. With the guidance of the Punk community, we’re working to secure the legacy of these important works of digital art. The Larva Labs collection has seen a significant volume over the past weeks. As of October 18, the lowest price Punk available is 66.58 ETH.
Work has begun on the https://t.co/HUtumtBD0m Restoration Project. 👇🧵
— CryptoPunks (@cryptopunksnfts) October 11, 2022
5. Clone X
Last week’s ranking: No. 3
Clone X is teasing some big things that are to come for their community. The announcement about Project Animus brought excitement to all holders and the project’s followers in the space. RTFKT released a trailer and revealed the Egg Drop for Clones in November 2022, and it is “coming to life” in 2023.
Get ready for Project Animus 🥚 pic.twitter.com/pYAzy6RX8w
— RTFKT (@RTFKT) October 7, 2022
Besides Project Animus, Clone X has partnered with RIMOWA. They revealed a collaboration together. Clone X remains to prove that they are pushing the boundaries of the digital and physical worlds.
— RIMOWA (@RIMOWA) October 17, 2022
Our top 6 to 10 this week:
6. Cool Cats
Last week’s ranking: No. 10
7. World of Women
Last week’s ranking: No. 9
Last week’s ranking: No. 8
Last week’s ranking: No. 2
Last week’s ranking: No. 6
Who do you think will rise on our Power Rankings next week? Stay connected and follow The Mega Maxi on social media for more web3 news and content.
Editor’s Note: This article by The Mega Maxi is not financial advice.