Tag: NFT

$1.7 Billion in NFT Sales Fueled by Otherdeed Trades — NFT Volume Jumps 74% Higher Than Last Week – Bitcoin News

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With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion in sales volume among 266,918 traders. 7-Day NFT Sales Volume Jumps 74% to $1.71 Billion, Otherdeed NFT Collection Captures $787 Million in Global Sales NFTs have done well this week as far as sales are concerned, and across 1,075,588 transactions during the last seven days, $1.71 billion in sales volume has been recorded. The sales…

NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already

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Collectors of non-fungible tokens (NFTs) have already sent more than $37 billion in value to NFT marketplaces this year (as of May 1), a figure that nearly exceeds the total amount in all of 2021.  According to a report from Chainalysis, investors sent $40 billion worth of cryptocurrency to smart contracts associated with NFT collections and marketplaces throughout 2021. Source: Chainalysis Since the beginning of last year, NFT transaction volume has grown considerably, but the overall growth of the industry has been inconsistent. The report outlines that NFT transaction volume…

Tumbleweeds blow through Coinbase NFT on its first day: Just $75K in volume

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Coinbase, one of the largest crypto exchanges by volume, opened its beta non-fungible token (NFT) marketplace to the public on May 4 with on-chain data showing a maximum of 150 total transactions on the day and $75,000 in USD volume. The transactions captured by Dune Analytics show the total amount which took place through the 0x Protocol, the infrastructure behind Coinbase’s marketplace. Whilst not all transactions are guaranteed to be from Coinbase, since 0x announced its support for NFTs in January it has yet to announce any other partners apart…

This is the ‘biggest news’ in crypto now; Ran Neuner on the hottest altcoins (Pt. 2/2)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Watch part 1 of this interview on country adoption of Bitcoin: “This is to me, the biggest news in crypto today,” Ran Neuner, host of The Crypto Banter told Michelle Makori, editor-in-chief of Kitco News. Follow Michelle Makori on Twitter: @MichelleMakori ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Ran Neuner on Twitter: @cryptomanran ( 0:00 – Ethereum 2.0 14:45 – Eth vs. Bitcoin 19:00 – ETH price forecast 21:00 – Altcoins #Ethereum #altcoin #Bitcoin __________________________________________________________________ Kitco News is the world’s…

Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint

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In May 2021, OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant nonfungible token (NFT) marketplace closed over $880 million in less than a week partially because of the Yuga Labs’ The Otherside mint.  As a result of this mint, a fresh surge of liquidity was injected into the NFT ecosystem and as it stands the current NFT total market capitalization is over $19.4 billion.  NFT market capitalization and volume. Source: NFTgo For the past two weeks, most of the market had…

A Beginner’s Guide to Buying a Rad Rabbits NFT

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As Rad Rabbits gears up to launch its second series of its NFT collection on OpenSea, one popular question looms: How do you buy an NFT? Here is a step by step guide on how you can go down the rabbit hole and purchase a Rad Rabbits NFT. Step 1 – Setting Up a MetaMask Digital Wallet – (where your NFTs are stored) Here is where you can create your MetaMask wallet https://metamask.io. First download the chrome extension if you want to create a wallet on a desktop or download…

Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

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Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.5 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history. Source: DappRadar Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase. Many new hyped NFT projects also contributed…