Welcome back to the Airdrop! Happy 4th of July to the people who celebrate it and before you start partying and drinking read the articles below so you have something interesting to talk about when you walk up to that girl 9 drinks deep. You're welcome

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Here's what we have for you today:

• 👾 The Story Of The 1st NFT Ever Created

• ⚙ Facebook Adding A Digital Collectables Feature

• 📉 NFT Sales Tank To Lowest Volume in 12 Months

• 📊 Top Sales Of June

The Story Of The First NFT Ever Created

Quantum. A bad ass name if you ask us is claimed to be the first Nft ever created. The story starts with Kevin McCoy, a digital artist who got heavily involved with Btc in 2012.

He understood the power and utility of Bitcoin and wanted to bring that into the digital art space. Thus Quantum was born on May 2nd 2014.

a 1 of 1 animated pulsating octagon. Mccoy states it represents "an ongoing, abstract cycle of birth, death and rebirth"

The Nft was first minted on Namecoin, a decentralized open-source info registration and transfer system forked from bitcoin but then was transferred to the Ethereum blockchain later on

Like anything that is crowned "The first" it had an expensive sale price at a Sotheby's auction (see the art here) on June 10th 2021 for $1.47m. The guy who bought it goes by the name of @sillytuna.

$1.47m is a steal if you ask us, think about it Beeple sold 1 of his pieces for 69 million. Yea yea yea he probably put 5000x more work into that piece than Kevin Mccoy did but still.

Would the first car every created be worth more than a new Buggati? Let us know what you think

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Facebook Adding A Digital Collectables Feature

Are we the only ones who have never seen NFT PFPs on Facebook profiles? Even if there are, we’ve never seen any NFT project with a Facebook account. I mean, imagine a grandmom rocking a Moonbird as her PFP sh*tposting that she's down 80%. There are a few on Instagram, but never a Facebook account.

NFT and crypto communities primarily exist on Twitter and Discord Channels. These are the real Cities of the Degens. And once you get in, there’s no going back; you’ll be forever stuck with hooligans, whales, scammers, and all sorts of degenerates in the streets of these platforms.

But Meta isn’t going to let Twitter and Discord keep all the degens to themselves. They want in on the fun so bad that they’re banging the gates screaming LET ME IN!!

Just kidding, there are no gates to shake here. So to get in on the fun, Meta came up with the… uhmm, brilliant idea to borrow Twitter’s idea and let users display PFPs on their profile.

Navdeep Singh, Meta’s Product Manager, announced the launch on… (wait for it) Twitter! And now, we know that Facebook is debuting a “Digital Collectibles” tab. The new feature will enable users to connect their wallets and showcase their NFTs in their Facebook profiles.

But Facebook added a teensy tiny twist to it by making it easier for users to turn NFTs into Facebook posts. So, you won’t only get to display NFTs as PFPs; you can also share them as ordinary posts for your friends to like, share, and comment hey! Nice PFP you got there!

So basically, Facebook is testing out NFT PFPs on profiles. They initially started with Ethereum and polygon NFTs, but they’ll soon progress to Solana and Flow NFTs.

Interestingly, we’re not the only ones who think Meta aims to let the Hooligans loose on its platforms too. Tech and Media consultant Martin Bryant stated the obvious fact that the new additions are Facebook’s attempt at offering a home to “Web3 Folks.”

🤣 How About A Laugh?

NFT Sales Tank To Lowest Volume In 12 Months

We’re at a Karaoke party, and we have the NFTs singing their remix of Jon Bellon’s “ All-time low.” So, instead of belting out, “I’m at an all-time low low low,” They’re screaming, “I’m at my 12-month lowest low low low…!”

Yes, the lyrics don’t make much sense, but they carry the heartfelt cries of NFTs whose sales volumes keep plunging.

As almost everybody who knows anything about crypto knows, the crypto market this year has been undergoing quite the baptism. The dip just keeps dipping! Prices keep nosediving, and valuations are crashing harder than our PC when it got infected by the Mydoom Virus. It’s a nasty experience. The Crypto market was worth around $3 trillion in November last year; now, it’s worth less than $1 trillion.

And, of course, the NFTs are not left out. Not the Bored Apes from the Yacht Club, the green Gobs in the filthiness of the Goblintown, or the Birds on the Moon. Sales are tanking, and there’s very little anyone can do about it.

NFTs sale volume for June totaled just over $1 billion falling by 75% from the numbers posted in May. And the graph below shows that it’s the lowest since the same time last year when sales totaled $648 million.

The Key Takeaways

• NFT sales peaked at above $15 billion in January, but it has since fallen by close to 90%.

• The demand for Bluechips seems to be holding up better than the rest.

• At this point, everybody knows that the decline in NFT sales is due to two primary things

.

1. People are panicking about the sustainability of crypto and are not willing to invest any more in anything related to it.

2. People are losing funds to the decline and thus don’t have the financial capacity to purchase more assets.

Winter is here, and all we can do is hold on. We Are All Gonna Make It!

Or we might not.

Top Sales Of June

So how did we do?

• ⭐️⭐️⭐️⭐️⭐️ You guys killed it!

• ⭐️⭐️⭐️ Mid

• ⭐️ This actually sucks