Tag: NFT

OpenSea launches new on-chain tool to enforce NFT royalties

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Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new “on-chain” tool helping creators enforce royalties.  The NFT marketplace, which according to CoinGecko commands 66% of the market share in NFT marketplaces, has been relatively silent on the issue of royalties and enforcement while others in the space have been implementing their own strategies over the last few months.  In a Nov. 6 blog post, OpenSea CEO Devin Finzer noted that in marketplaces where fees are optional, they’ve “watched the voluntary creator fee…

OpenSea launches on-chain tool to enforce NFT royalties

Nonfungible (NFT) marketplace OpenSea appears to have taken a position in the NFT royalties debate — launching a new “on-chain” tool helping creators enforce royalties.  The NFT marketplace, which according to CoinGecko commands 66% of the market share in NFT marketplaces, has been relatively silent on the issue of royalties and enforcement while others in the space have been implementing their own strategies over the last few months.  In a Nov. 6 blog post, OpenSea CEO Devin Finzer noted that in marketplaces where fees are optional, they’ve “watched the voluntary creator fee…

New Digital Collectible Collections Art Gobblers and Keepers Propel NFT Sales 56% Higher This Week – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales increased a great deal during the last seven days as NFT sales jumped 56.73% higher than sales recorded the week prior. Over the last seven days, out of 889,499 NFT transactions, NFT sales volume reached a total of $170.48 million this past week. Art Gobblers and Keepers Collections Give NFT Sales a Push NFT sales have risen during the last seven days as sales volume increased by more than 56% tapping $170.48 million this week. Sales stemmed from 18 different blockchain projects and Ethereum (ETH) captured…

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NFT Creators Are Suffering and So Are Marketplaces

While Magic Eden’s trading volume fell to a low of 56,556 SOL or $1,854,471 on October 14th, the day it said it would go royalty optional, according to data from Dune, it has bucked the downward trend of the other marketplaces abandoning royalties. As of writing, it is at 170,726 SOL or $5,688,590, a surge which can be credited to a new drop from Y00Ts, showing the power of popular collections to drive trading volume. Source

Tattoo industry expands into the NFT space amid digital culture shift

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Tattoos have been a universal phenomenon throughout the world for thousands of years, transcending cultural transformations and technological shifts. As the art continues to evolve, it has now taken steps into the nonfungible token (NFT) space in a bid to maintain relevant in an increasingly digital world. Known as Bang Bang in the tattoo industry, Keith McCurdy is one of the artists who hopes to merge the ethos of tattoo culture with disruptive technologies. He’s using a new type of rewriteable tattoo ink that appears and fades away under different…

US-Based Crypto Exchange Kraken Launches Beta Testing for New NFT Marketplace

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Crypto exchange Kraken’s new non-fungible token (NFT) marketplace is now live for beta testers selected from a waitlist. In a new announcement, Kraken says that beta testers will soon receive an email providing them with exclusive access to the marketplace, which the exchange says will feature gasless internal transactions. “Kraken NFT Beta testers will have exclusive access to explore, trade and secure NFTs from the most popular artists and projects — all while paying zero gas fees. Gas fees will be incurred when transferring NFTs and other crypto assets on…

UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’

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Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and blockchain on the country’s economy. In a Nov. 4 announcement, the DCMS committee said its inquiry was related to the sudden growth of the NFT market, responding to fears the assets may be overvalued and at risk of the bubble bursting. According to the committee, NFT regulation in the U.K. is “largely non-existent,” with the DCMS planning to…

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