Tag: NFT

Bitcoin leads charge, weekly NFT sales skyrocket to $423m

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The Bitcoin (BTC) network registered the most non-fungible token (NFT) sales in the past week, as overall transactions totaled a staggering $423,004,860. The sales mark an increase of more than 32% compared to the preceding week and signifies the third consecutive week of robust growth in the NFT market. According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%.  Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a…

Gods Unchained Goes Mobile: Play-to-Earn NFT Game Launches on Google Play and Apple App Store

On Thursday, the creators of the Immutable X-powered non-fungible token (NFT) game Gods Unchained announced that the game is now accessible on mobile devices. The Gods Unchained application has made its debut on both the Google Play Store and Apple’s App Store across the globe. God’s Unchained Launches Mobile Application The popular play-to-earn strategy card […] Source CryptoX Portal

VanEck Starts Digital Asset Management Platform and NFT Marketplace

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Magic Eden introduces creator focused Ethereum platform amidst soaring Bitcoin NFT transactions

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Magic Eden, in collaboration with Yuga Labs, has launched a new Ethereum marketplace today, marking a significant milestone as the industry’s first major Ethereum platform that adheres to creator royalties.  This partnership between Magic Eden, a leading cross-chain NFT platform, and Yuga Labs, a forefront web3 lifestyle and media company known for Bored Ape Yacht Club (BAYC) and others, aims to promote a thriving web3 ecosystem by valuing the contributions of creators. The initiative also sees the introduction of The Magic Eden Creator’s Alliance, a movement designed to support a…

Arbitrum Beats ETH and Solana With 119% Surge In NFT Sales

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Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has been facing a bearish week after failing to establish a new price floor and falling below the $2 level. Additionally, the unlocking event scheduled for March could negatively impact the token’s price. Despite ARB’s recent drop, the blockchain has seen a greater performance in the non-fungible token (NFT) market, surpassing Ethereum and Solana. Arbitrum: Top Gainer In The Last Day Data from Crypto Slam shows that the daily NFT sales volume in the Arbitrum blockchain recovered in the last 24 hours.…

OpenSea faces backlash after delisting NFT Pass from Fractional Uprising

OpenSea, the leading NFT marketplace, recently removed the Ethereum NFT pass associated with the Fractional Uprising project, citing a violation of its policies against securities and options.  According to reports from Decrypt, the team behind Fractional Uprising disputes the claim, asserting that their NFT does not constitute a security offering. In a recent tweet accompanied by a video clip, Fractional Uprising expressed dissatisfaction with OpenSea’s decision to disable their collection, noting that while their project remains visible on the platform, trading and listing functionalities have been suspended. Three weeks after…

South Korea to discuss NFT classification, Bitcoin ETFs with Gary Gensler

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Head of South Korea’s Financial Supervisory Service, Governor Lee Bok-hyun, is scheduled to discuss key regulatory issues with U.S. SEC Chairman Gary Gensler in May. The agenda includes potentially classifying non-fungible tokens (NFTs) as virtual assets and approving spot bitcoin exchange-traded funds (ETFs) in South Korea. Unlike cryptocurrencies, South Korea does not recognize NFTs as virtual assets due to their perceived minimal impact on financial markets. South Korea’s stance may change as speculative activities around NFTs increase, aligning with the rising value of major cryptocurrencies. The reclassification of NFTs as…