Tag: NFT

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior – Bitcoin News

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After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million. NFT Sales Rebound — BAYC, MAYC, Meebits Lead the Pack Non-fungible token (NFT) sales volume has rebounded this week after weeks of sliding sales volumes. According to statistics from cryptoslam.io, out of 15 different blockchain…

Blockchain gamers see playing NFT games as a potential full-time job, says new survey

Despite the fall of nonfungible token (NFT) prices, play-to-earn NFT gaming carries on as more people see it as a potential way to make a living.  In a survey conducted in the Philippines, 32 percent of the respondents said they would quit or consider quitting if NFT games allowed them to go full-time. John Stefanidis, the CEO of NFT gaming platform Balthazar, said that he’s “not surprised by the findings.”  “Many are ready to quit their other jobs to play NFT games instead, as they could potentially be earning the…

Bored Ape NFT holders to receive ApeCoin: ‘The Dogecoin of NFTs’

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Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club.  The developer of the new token is the ApeCoin DAO and is notably separate from Yuga Labs. Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. — ApeCoin (@apecoin) March 16,…

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SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’

Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post appears to have found one in selling Non Fungible Tokens (NFTs) of its front pages from historical events, and has such confidence in the business that its spinning it off into its own division called Artifact Labs. Source

Draftkings Reveals 2022 College Hoops NFT Collection for March Madness – Bitcoin News

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On March 15, the American fantasy sports contest and betting company Draftkings announced the company’s first in-house digital collectibles campaign called the “Primetime NFT Series.” The first Draftkings’ NFT series drop will be the “2022 College Hoops Collection” launched in unison with the single-elimination college basketball tournament known as NCAA’s March Madness. Draftkings to Drop First In-House NFT Collection In July 2021, the fantasy sports firm Draftkings (Nasdaq: DKNG) revealed a strategic partnership with the Super Bowl champion Tom Brady’s Autograph NFT platform and with the entertainment firm Lionsgate. During…

Nansen’s indexes reveal insightful trends in the NFT space

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The research branch of Nansen, a popular blockchain data firm, has published a meticulous twelve-page report quantifying the performance of Ethereum-based nonfungible tokens, or NFTs, since the turn of the year, unveiling a number of compelling indications as to the economic and cultural future of the ecosystem. Citing the profound impact of traditional financial indexes such as the Dow Jones Industrial Average, th S&P 500 and the Nasdaq Composite, the report contemplates the vast potential for comparable models focusing on NFTs, arguing that both education and adoption could be significantly…

Blockchain play-and-earn games focus on building even as NFT prices fall

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Nonfungible tokens (NFTs) were in a strong bull run from Jan. 1 to mid-February. During this time, OpenSea volumes topped $5 billion and then fell to $3.6 billion toward the end of February. This could have been a sign that the overall sentiment of the crypto and NFT market was correcting.  As Q2 approaches, the total volumes and sales for NFTs have been in decline, leading new entrants and investors to wonder whether the sector is dying. According to data from DappRadar, OpenSea trading volumes have dropped nearly 11% in the…