[Coinlive inventory] Top 5 cryptocurrencies and NFTs with the best performance in the past week

Time: August 1, 2022 to August 8, 2022

• Apart from the US weekly jobless claims and non-farm payrolls, there were no major international economic data releases last week. Additionally, Nancy Pelosi's trip to Taiwan took almost all the eyes last week.

• Pass NFT entered the top 5 list for the second consecutive week. At the same time, the Moonbirds community was in an uproar due to a sudden decision by the founder.

Weekly U.S. jobless claims and non-farm payrolls have topped analysts’ expectations, but the eyes of the world seem to be on the same thing, whether China will do anything about Pelosi and Taiwan. Fortunately, apart from aggressive statements and writings, China did not take any actions that could lead to war. The S&P 500 index rose 32.81 points or 0.80% for the week, closing slightly higher at 4,145.19; Bitcoin fell only 1% to around $23,200, while the price of the weekend market was almost flat.

While Bitcoin’s price action has flattened, altcoins continue to run their own bull run. Instagram, one of the most widely used social media platforms in the world, has added support for Flow blockchain NFTs. The Flow Token (FLOW) is the native token of the Flow blockchain, so its price skyrocketed.

Popular NFT Collections Powered by the Flow Blockchain

Instagram is a product of Meta Platforms (formerly Facebook), which is currently the world's largest social media company. In fact, this is not the first time that Instagram has developed NFT functions in its platform. Back in May, the new NFT feature debuted, though at the time only a few Native American creators were allowed to display their NFTs as digital collectibles. The service has now expanded to more than 100 countries in Africa, Asia Pacific and the Middle East. With the blessing of one of the largest social media platforms in the world, FLOW is undoubtedly attracting market interest.

Pass NFT entered the top 5 list for the second consecutive week. The so-called "NFT pass" is like an entry ticket, which can grant the holder access to certain utilities, communities, airdrops or rewards. At the moment when the holder sells or transfers the NFT, he will also lose the privilege at the same time. Generally speaking, pass-type NFTs need to pay casting fees. Taking the Webaverse Genesis Pass as an example, the minting fee for whitelist and sweepstakes winners is 0.2 ETH. The remaining unclaimed NFTs are auctioned off with a minimum bid of 0.25 ETH. NFT holders will be able to claim a piece of land in an upcoming multiplayer online (MMO) game created by Webaverse. As the author said in last week's article, NFT enthusiasts are always willing to pay for high-quality NFT projects.

Screenshots of the Webaverse game

Moonbirds is back in the top 5 for weekly sales again, but this time it's not good news, and some supporters are slowly leaving the community. So what happened to this blue-chip project known as the "Diamond Hands" community? On August 5, Moonbirds founder Kevin Rose tweeted that the project is moving to a "CC0" public license. CC0 means "no rights reserved" to intellectual property, anyone can use the Moonbirds artwork in any way or for any purpose, including commercial purposes. You can imagine Moonbirds NFT holders losing all copyright rights overnight. Others criticized Kevin for making such a big change without discussing it with the community, which is actually a violation of the spirit of web3. Of course, this also led to Moonbirds' biggest sell-off since the NFT winter in mid-June this year.

Price chart for Moonbirds. Source: https://nftpricefloor.com/

Author: [Coinlive] Nell