Tag: NFT

OpenSea on back-footing as OKX surpasses it in NFT trading volume

According to data from DappRadar, OKX NFT marketplace secured 32% dominance in the NFT sector, surpassing OpenSea in trading volume. In a blog post on Dec. 7, 202, DappRadar gathered top marketplaces for trading digital collectibles, which allocated the most liquidity in November 2023. According to the data, the Blur marketplace was ranked the top platform, controlling a 35% share of the NFT trading volume and generating $345 million in trades in November 2023. Top NFT trading platforms by volume | Source: DappRadar OKX NFT, a digital marketplace powered by…

NFT trading volume nears $1B as markets turn bullish: Report

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As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar.  The report highlighted that the NFT industry maintained upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading. NFT trading volume and sales count data. Source: DappRadar On Nov. 6, analytics firm Nansen reported that NFT sales volumes…

Sotheby’s Makes Historic Leap into Bitcoin NFT Realm through Shroomtoshi’s Ordinals Art Auction

BitcoinShrooms uses pixelated art from the 1980s that is permanently stored on the Bitcoin blockchain through the Ordinals protocol. Venturing into the world of Bitcoin NFT artwork, the renowned auction house Sotheby’s introduces its first-ever sale titled “Bitcoin Ordinals”, featuring pixel art by an anonymous crypto artist known as Shroomtoshi. This one-of-a-kind auction, which runs until December 13th, features three exclusive pieces from Shroomtoshi’s captivating “Bitcoin Shrooms” series. Shroomtoshi blends technical expertise with artistic expression in a manner similar to Bitcoin’s mysterious creator Satoshi Nakamoto. Their collection embodies BTC’s fundamental…

Thrash-metal band Megadeth launches NFT collection and metaverse community

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Legendary American thrash metal band Megadeth announced a new nonfungible token (NFT) collection on Dec. 5, allowing fans exclusive access to content and physical experiences. The band announced the NFTs on social media through a post on X, formerly Twitter, saying the 5,000-piece collection features the band’s digital mascot, ​​Vic Rattlehead. Introducing @MegadethDigital. Our 5000-piece generative collection featuring Vic Rattlehead brought to life in a new way by our talented artist @TheHaddy. Live on December 22nd, you’ll have the opportunity to unlock doors in the real and metaverse world alike,…

ParaSpace to continue NFT lending as it rebrands to Parallel Finance

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Despite rebranding to Parallel Finance for a greater focus on the decentralized finance (DeFi) ecosystem, the nonfungible token (NFT) lending protocol ParaSpace will continue to focus on its core product amid sector woes. In a conversation with Cointelegraph, Yubo Ruan, founder and CEO of ParaSpace (now Parallel Finance), explains that the protocol uses a combination of diversified liquidity pools, dynamic loan-to-value ratios and price-discovery partnerships to mitigate the risks associated with high volatility, which can often result in a lack of bidders on the underlying asset. “Despite the market downturn,…

Pudgy Penguins CEO Luca Netz Led Company to Success, While the NFT Market Crashed

Toys being linked to a digital experience may not be a novel concept (see Webkinz from the 2010s). But Pudgy Toys gives owners real IP for their money. We”took 16 holders of Pudgy Penguin NFTs, 16 licensing arrangements, and made 16 toys. Every time one of those toys sells, they get the license in perpetuity,” Schnetzler said. “IPs have been built around brand and consumption, we want to change that to brand and participants.” Source

Axie Infinity unveils NFT monetization solution, merchandise

Axie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise. This announcement coincides with Sky Mavis, the game’s developer, launching a dedicated merch store for the Axie Infinity intellectual property. According to Sky Mavis, owners of specific Axie NFTs will now have the opportunity to create and sell their products, marking a significant step into user-generated content (UGC) and commercialization. A select group of 4,877 Axie NFT holders, possessing Mystic…