Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter that keeps up with CNFTs. So, let's penguin dive into what's happening in the NFT space this May 9th.

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• Are Cardano NFTs the Next Big Thing?

• Pudgy Penguins Joins the Hollywood NFT club with WME Signing

• Half Moons 🌗 - Daily tidbits

• NFTevening's Shooting Star 🌠 - Our artist of the day

• Dark Side of The Meme 🌚 - your daily dose of NFT laughter

To the Moon index

Are Cardano NFTs the Next Big Thing?

Move aside Ethereum and Solana, Cardano is rapidly dominating the NFT market. In just the first week of May, Cardano's alternative Layer 1 blockchain achieved a staggering $8.9m in NFT volume, setting a new monthly record.

The key drivers behind this Cardano NFT frenzy are its low transaction costs, sustainability, and speed, which make it ideal for a thriving NFT market. Unlike Ethereum, which struggles with scalability and exorbitant gas fees, Cardano provides a viable alternative.

When that shy kid in class really turns out to be the GOAT

Despite initial hurdles due to the absence of functional smart contracts, Cardano has successfully launched various NFT projects like CardanoKidz, SpaceBudz, Clay Nation, and The Ape Society.

Cardano's recent Vasil upgrade, enhancing block latency speed and efficiency, contributed to a surge in Unique Active Wallets and increased activity on the dominant NFT marketplace, JPG Store.

Cardano NFTs stand out with their ability to be created without smart contracts, two-layer separation, and batch asset transfers.

As Cardano continues to grow as a Web3 ecosystem, the future looks promising for its eco-friendly blockchain and the flourishing Cardano NFT community.

Read the full story here

Pudgy Penguins Joins the Hollywood NFT club with WME Signing

Pudgy Penguins has struck a deal with Hollywood talent agency WME. This collaboration aims to bring the adorable penguin characters to a wider audience through movies, TV shows, and video games.

Penguins taking over.

Joining forces with WME is a significant milestone for Pudgy Penguins, as it follows the trend of NFT projects partnering with Hollywood for expanded reach.

WME represents notable figures in the NFT space, such as Dapper Labs' co-founder and other prominent NFT clients. Pudgy Penguins emerged as an early blue-chip NFT collection, attracting attention from influencers and even celebrities.

The project's deal with WME further accelerates their goal of reaching a broader audience and capitalizing on their intellectual property.

This partnership showcases the growing integration of the NFT industry with the entertainment world.

Read the full story here

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Half Moons 🌓

• King Charles’ NFT Ticks Over 20,000 Mints [NFTEvening]

• Cool Cats Alpha! New Details About the Macy’s Parade, Toys, and Game Updates [NFTEvening]

• Renault Debuts Digital Twin NFTs and Custom Racing Shoe5 Sneakers [NFTEvening]

• Haribo, Fico, Fujitsu, and More, File Web3 Patents [NFTEvening]

Shooting Star 🌠

Alyse

Alyse is a digital artist who combines illustration, photography, 3D modeling, and animation to create scenes that come to life. Follow Alyse on Twitter @ang_gallery to learn more

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