Tag: NFT

NFT sales dip, Bitcoin takes hit but dominates market share

boss

Sales of non-fungible tokens (NFTs) took a hit this past week, dropping by 11.16% compared to the previous week. Data from cryptoslam.io shows that this week’s total sales reached $144.33 million, with Bitcoin-based NFTs contributing more than $49 million to this total. However, despite the impressive figures, the sales of digital collectibles on Bitcoin (BTC) fell by 14.65%. NFTs on Ethereum (ETH) generated $41.55 million in sales, also down by 11.7% from the prior week. Solana (SOL) NFTs, ranking third in sales, earned nearly $26 million, experiencing a modest increase…

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […] Source CryptoX Portal

Magic Eden NFT marketplace surpasses Blur in trading volume

In April, Magic Eden ranked top among NFT marketplaces in trading volume. According to a report from DappRadar, Magic Eden reached $486 million in trading volume last month, with Blur losing the lead for the first time since launch, trailing by $108 million. Experts linked the platform’s performance to the support of Ordinals – trading tokens issued using the protocol accounts for 70% of the market volume. Source: DappRadar Other factors include the new Diamond rewards program and Magic Eden’s ongoing partnership with Yuga Labs, one of the leading NFT…

Trump Attacks Biden’s Crypto Awareness, Says ‘Biden Doesn’t Even Know What It Is’ at NFT Gala

Former U.S. President Donald Trump convened with enthusiasts of his non-fungible tokens (NFT) collection on Wednesday and announced to the audience his decision to accept cryptocurrency for campaign contributions. Trump also shared with the group that President Joe Biden “doesn’t even know” what crypto is. Trump Champions Cryptocurrency at NFT Collection Gala At former U.S. […] Source CryptoX Portal

NFT Market Sees Over 30% Decline in Weekly Sales

From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin and Ether Lead in Volatile NFT Market; Weekly Sales Down 30% […] Source CryptoX Portal

Animoca Brands Japan Teams up With Square Enix to Market ‘Symbiogenesis’ and Its NFT Collection

Animoca Brands Japan, a subsidiary of Animoca Brands, has signed an Memorandum of Understanding with Square Enix to assist in the marketing of the upcoming game Symbiogenesis and its related NFT collection. Square Enix, known for high-profile games like Final Fantasy and Kingdom Hearts, will leverage Animoca’s experience in Web3 to facilitate Symbiogenesis’s overseas expansion, […] Source CryptoX Portal

Melania Trump Unveils Personalized Mother’s Day Jewelry Plus Solana NFT

Former First Lady Melania Trump has announced a customizable $245 necklace, “Her Love & Gratitude,” to celebrate Mother’s Day on May 12, 2024; the necklace comes with a flower pendant, an adjustable chain, and options for personalization with names, initials, or dates. Buyers of the necklace will also receive a limited-edition digital collectible minted on […] Source CryptoX Portal