NFT Digest 45, March 2025
Doodles introduced DreamNet
DreamNet is a protocol that empowers communities to create interconnected story universes with AI while capturing the value they create.
Doodles' reach into the Web2 world and extensive partnerships will be utilized to attract builders, collaborators and new universes to accelerate DreamNet's growth.
Building Decentralize Creativity
AI will soon be a major media creator, but its results will depend on data owned by large corporations.
Franchises dominate not because of creativity, but because of powerful infrastructure.
For decentralized creativity to compete, you need not only freedom but also coordination within a common canon.
The DreamNet protocol solves these problems by providing:
- A decentralized, composable dataset of characters, worlds, and ideas - an owner community from which AI can draw diverse and rich content outside of corporate control.
- A living WorldState that tracks, evaluates, and links all contributions, enabling cohesive worldbuilding at scale through market intelligence and fan popularity.
- A toolkit that empowers communities to build scalable, interconnected worlds - combining AI tools, common data layers, and financial incentives to evolve fan creations into coherent universes.
- Networked consistency - a structure that allows creators to contribute independently, but still ensuring that all data is integrated into an evolving, interconnected AI-driven universe.
This process dramatically reduces the time it takes to create such an information barrier by crowdsourcing the most valuable resource in the future of AI content: data.
A small intellectual property with an inspired and motivated fan community will be able to compete with the giants.
How works DreamNet
Using a built-in token economy, human participants and agents will create and refine fan-generated content of all types to scale the creation of a coherent world.
Each DreamNet storyworld will have a universe token. This universe token represents the root idea that unites the creator community and the combined value of its living database. As the ecosystem expands, universe tokens can be created by new communities, or pre-existing tokens can adopt the system.
Example: A young George Lucas creates a universe token on DreamNet for his fledgling story universe, which he calls Star Wars. The universe token, $STRWRS, is automatically generated during the universe creation process. He uploads the story and artwork that his budding community has come to love. This serves as the basis for his graphic style and the root principles of his world.
Communities act as guides and guardians of the self-actualizing universe, not composing every detail, but guiding the AI
Example:
Fan A creates a character for the Star Wars universe named Iskar. He attaches art, personality, and story to a new agent in the DreamNet terminal. Iskar is a brave X-wing pilot, and the community as well as other agents in the Star Wars universe begin to respect and enjoy his personality. He can be seen interacting with the community and other agents on social media, often talking about his famous ship.
Fan B creates a new planet in the Star Wars universe called Hypnara, collaborating on its base with a DreamNet agent, uploading drawings and lettering to make it come to life. Other fans compete for a place in this world as new ideas pop into their heads. Soon, artists and fan writers appear on Hypnara, working with Fan B to tell the story of this new place.
Fan A learns about Hypnara and thinks it's perfect for Iskar, so he decides to move him there. Iskar soon interacts with the other agents inhabiting Hypnara, forming an emergent narrative that solidifies him as an important figure in the planet's history.
Tokenized Idea
Each idea created by the community will be tokenized in the form of ERC-20 token liquidity paired with the corresponding universe token. The idea tokens will be weighted by various market metrics to show their popularity and the belief of the community and traders in the future value of each idea.
Example: Hypnara (FAN B location) and Iskar (FAN A character) are represented by the tokens $HYPNARA and $ISKAR respectively, both created by DreamNet when creating these ideas.
$HYPNARA grows as the character's co-authors and agents put their token on the line to participate in telling his story. $ISKAR gains value in the universe as other character agents and community members bet on his growing influence on the story.
At the same time, the Star Wars universe is also growing, and the scenarios for using Lucas' $STRWRS tokens are expanding as a result of these ideas being linked to his creation on the open market.
Vector Worldstate
All valuable ideas and their interconnections will be stored in a vector database that can be easily navigated by AI systems. This structure will incentivize the creation and investment in holistic and connected ideas.
The graphic core stores and processes all visual content created by the universe founder and the community of contributors. The combination of vectorized, textual, story information and a self-driving, market-optimized graphics core creates the foundation for creating every conceivable end-user experience.
This living world can be mapped in an infinite number of ways through generative experiences. Just as blockchain uses its general ledger to validate transactions, the Vector Worldstate serves as the most up-to-date living world history book.
From this shared data source, an infinite number of experiences can be evoked. Games, streaming shows, characters, and full metaverses will be created from this layer. Fees for access to this Vector Worldstate will be used to return value to the ideas referenced in these experiences.
Example: DEVELOPER A has created a visualization engine for creating animated AI content and wants to appeal to the Star Wars fandom by paying for access to its Vector Worldstate. The popular automated channel for this content is called “Defenders of Hypnara” and focuses on Iskar's adventures on his home planet. Both $HYPNARA and $ISKAR are mentioned by the system and are automatically acquired by the DreamNet system through payments to $STRWRS.
DEVELOPER B has a popular space combat AI-game, and utilizes the same Worldstate, allowing users to battle the X-wing fighter, Iskar, as they attempt to take over his home planet of Hypnara. Fan A, Fan B, Lucas and the community that believed in and contributed to this world all see their faith pay off.
USER A, an enthusiastic Defenders of Hypnara fan who watched the channel and played the game in the same setting, is inspired to create a neighboring planet with his friends. They immerse themselves in DreamNet to become part of this world themselves.
News
Lens introduced Onchain-Controlled Storage Grove. Grove now runs in the Lens ecosystem and several EVM chains (Ethereum Mainnet, ZKsync, Abstract, Sophon and Base). Grove (formerly Storage Nodes) provides a scalable, customizable approach to Web3 storage with these key benefits:
- Customizable Onchain access control with easy-to-use templates.
- Web2 Performance, Web3 Value: Grove delivers the speed and cost-effectiveness of leading Web2 solutions like AWS S3 and Cloudflare R2 without sacrificing ownership principles. With global distribution, cached data can be accessed from anywhere in the world with response times as low as 30ms.
- True blockchain-based ownership: Users retain full control over their content, with the ability to modify or delete data based on customizable permissions.
Telegram marketplace Fragment added a section with Telegram gift NFTs
Fungify Pools is the first cross-margin lending and borrowing platform on Berachain designed specifically to unlock the value of your vesting BERA tokens. With Fungify Pools, you can:
- Borrow against your Berachain NFTs
- Access your vested BERA tokens immediately
- Combine various tokens and NFTs into a unified collateral pool
GONDI has finally solidified its place as the leader in the NFT lending market with 58% of the market with $39.1 million in outstanding debt, while Blur is in second place with $14.6 million.
Crypto asset manager Canary Capital has filed for SEC approval to launch an ETF containing both Pudgy Penguins NFTs and the PENGU token. There was a private NFT investment fund called 121G. Here the story about it.
Emblem Vault unveiled personal DeFAI agent.
Story Protocol integrates Claude's Model Context Protocol (MCP) to allow AI agents to retrieve onchain data and perform circuit activities such as IP address registration and revenue sharing.
NFT marketplace X2Y2 will shut down completely on April 30, 2025.
Market
Disclaimer. To date, analytical tools are still evolving and provide only approximate data that do not cover all chains, DAG systems and other types of distributed ledgers, as well as NFTs or less common types, such as utility or financial.
NFT Marketcap is over $1,6 billions.
NFT Sales Volume is over $218 millions.
Total Sales is 1,833,169.
More all users are on Ethereum, and Solana almost halved.
Trading revenue in Bitcoin growed, and on Ethereum almost 5x dropped.
Chain volume almost halved, but grow in Bitcoin.
OpenSea again is the leader this month.
Magic Eden flipped Opensea again. Opense dropped almost 5x.
Magic Eden is a leader by volume.
Cryptopunks was top trading collection last month.
The entire top is made up of DeFi NFTs. Uniswap v4 even leading in 2 chains can't catch up with the leader Aerodrome
New collections are almost 3х more expensive than last month.
Many collections are growing against the market. Note one of the first times DeFi NFT hit the top.
f(x) Protocol is a decentralized perpetual trading platform offering Liquidation Protected Leverage on blue-chip crypto assets and high USD-based real yields to fxUSD stakers.
Blockchains by NFT Sales Volume. Ethereum is a volume driver for NFT market but it's falling with all other networks.
Not to Panini. Let's deep dive.
In March 2025, the sports card NFT market appeared to rebound, as noted in a Yahoo Sports article dated March 28, 2025: The Digital Rebound: Is the Sports Card NFT Market Heating Up Again?.
March 2025 saw several notable releases, though not all were explicitly NFT-focused. A sports card release calendar from Beckett, updated March 25, 2025, listed Panini releases like "2024 Panini Obsidian Football" on March 5 and "2024 Panini Illusions Football" on March 7 (2025 Sports Card Release Dates and Calendar for Upcoming Sets). While these were primarily physical, Panini's NFT platform often mirrors such releases, suggesting digital counterparts may have driven interest.
This was accompanied by a pre-order announcement for a University of Connecticut set, celebrating college basketball stars.
The Yahoo Sports article further detailed top sales, with a LeBron James Gold Prizm /10 selling for $27,750, and three of the top five sales being LeBron cards, totaling nearly $40,000. Other notable sales included a Victor Wembanyama Gold Kaboom /10 for $6,000 and a Jayden Daniels Gold Kaboom /10 for $3,500, indicating high demand for rare, high-value cards.
NFT lending stats
NFT Lending TVL for all chains in March.
Top-10 NFT lending protocols. Gondi closes the gap on leader Blur.
