NFT Digest 46, April 2025

April 3, 2025

News

Jupiter, Solana's top DeFi exchange, has acquired the digital collectibles platform DRiP Haus to expand its NFT capabilities.
DRiP Haus will continue to operate independently, with half of its team integrating NFT features into Jupiter's platform.

Lens Chain mainnet is live. Lens Chain mainnet is designed as an Ethereum-overlay Layer 2. The platform includes composable building blocks like token-gated communities, social graphs, and custom feeds, tailored for dapp creation. Lens Chain includes a dedicated stablecoin for handling gas fees and decentralized data storage to empower scalable social transactions.

Magic Eden buys Slingshot. Slingshot's blockchain abstraction technology allows people to trade millions of tokens on 10+ chains without needing to know how blockchains work (e.g. bridges, gas tokens, approvals). These chains include Solana, Ethereum, Bitcoin (coming soon), and many others.

Aavegotchi game will move from Polygon to Base after a community vote, and the Geist level 3 network will be shut down. All existing NFT assets will be cloned and reminted on Base, and the original Polygon assets will be “frozen and unused” as new versions migrate.

NFT trading infrastructure project Reservoir has announced it will close on October 15, 2025.

Farcaster Snapchain's new social network storage layer has launched and now apps like Warpcast are reading and writing data from the blockchain.

AI Smols can now play Gigaverse on AbstractChain and earn rewards — marking the first-ever tradeable AI agents capable of playing a crypto game.

FIFA plans to launch its own blockchain that supports the Ethereum Virtual Machine (EVM). The new network will host FIFA’s NFT collection initially minted on Algorand and previously expanded to Polygon. The migration will begin no earlier than May 20.

Regulation

SEC has officially closed its investigation into CyberKongz

Development

GnosisGuild proposed for private DeFi protocol RailGun integration with Mechs, the standard for NFT-owned accounts.

Mechs give NFTs smart contract account any on-chain actions, like send tokens, use DeFi and call smart contracts, own a safe multi-sig.

This integration will add these functions to RailGin's 0zk addresses. Currently, 0zk addresses interact with external contracts like this:

Unshield tokens
Call external contract
Reshield the result

With Mechs this is the new transaction flow:

0zk generates ZK proof of ownership of Mech 0x account
Unshield tokens into Mech 0x account
Mech 0x account calls external contract
Contract call results and Mech 0x account NFT is reshielded

The Mech account is untraceable to a 0zk address and the whole process remains private.

Right now, RAILGUN is great at single block DeFi transactions such as swaps or depositing into a vault. But, it is harder to do actions that are non-atomic like an unstake queue or collateral position as 0zk addresses are private.

Because Mech NFT accounts behave just like regular 0x accounts, by shielding a Mech into a 0zk address, non-atomic transactions like Liquid staking, Borrowing, Intent swaps, Signing a safe multi-sig etc.

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.

Global Markets (30D). All the data has decreased.

NFT Marketcap is over $1,2 billions.

NFT marketcap in April 2025