Tag: NFT

Global NFT market sees a 22% dip in sales, yet Trump NFTs continue to soar

The global market for NFTs has witnessed a downward trend in trading volumes, marking a consistent decline for the third week of January. According to the latest figures from CryptoSlam.io, a prominent on-chain data aggregator, the trading sales volume in the NFT sector has fallen to $223 million over the last week. This represents a significant 22.5% drop compared to the previous week’s figures. Contrastingly, the NFT market has observed an uptick in the number of active participants. Recent data shows that over 734,000 collectors engaged in NFT purchases across…

Magic Eden debuts ‘Emmy’, a multi-chain wallet for streamlined NFT trading

NFT marketplace Magic Eden has launched its web3 wallet Emmy, featuring multichain compatibility for improved utility. The new wallet broadens the scope of compatibility, functioning seamlessly with Solana, Bitcoin, Polygon, and Ethereum, and is tailored specifically for users active in the NFT marketplace and those engaged in cross-chain collecting. In its official announcement on Jan. 29, Magic Eden conveyed its enthusiasm about the wallet’s public release, underscoring its potential to transform the NFT industry for both collectors and traders. The need for a “singular, unified wallet,” as identified by Magic…

Magic Eden aims to solve NFT fragmentation with new wallet

Magic Eden is gearing up for the launch of its multi-chain wallet launch, designed to address the fragmentation in the non-fungible token (NFT) and crypto markets. The goal is to provide a more seamless experience for users across different blockchain networks. Magic Eden cross-chain interactions In a recent post on the X platform, Magic Eden, an NFT marketplace, shared a teaser video with an accompanying text suggesting the launch of its multi-chain wallet on Jan. 29th. In November 2023, Magic Eden announced the release of a multi-chain compatible crypto wallet…

Solana Dominates Ethereum, Bitcoin In NFT, Activity: What’s Next For SOL?

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According to on-chain data from SolanaFloor, Solana is dominating other blockchains, including Ethereum and Polygon, across various non-fungible token (NFT) activity metrics in the third week of January. Solana Dominates Ethereum, Bitcoin In NFT Activity In a post shared on X on January 23, Solana maintained its NFT dominance among competing blockchains, mainly Ethereum and other high throughput alternatives. Thus far, the blockchain has the highest numbers in unique wallets, transactions, unique buyers, and first-time wallets over the past week.  Solana unique wallets | Source: SolanaFloor via X To illustrate, Solana had…

Mercedes-Benz Unveils In-Car Virtual Assitant with NFT and Generative AI Capabilities

The virtual assistant is designed to offer very natural and empathetic interactions with consumers and features four different emotions. One of the ways that we see blockchain-based assets progressing is the ways in which they are made more accessible in everyday life. This is especially true when they are being pushed by major corporations and we have seen this time and time again. One of the latest examples of this comes from Mercedes-Benz, which unveiled its new MBUX Virtual Assistant at CES 2024. This virtual assistant comes with a horde…

OpenSea NFT Marketplace Prepares to Onboard Millions to Web3 Space

OpenSea NFT marketplace is currently developing a 2.0 upgrade to enable users to seamlessly track digital collectibles from different blockchains. The mainstream adoption of Non-Fungible Tokens (NFTs) will significantly accelerate in the coming quarters fueled by improved infrastructure and heightened demand from institutional investors. Leading NFT marketplace OpenSea, with more than $20 billion in traded volume and over 80 million NFTs, has taken the initiative to ensure its future growth prospects by simplifying the adoption of digital collectibles. Furthermore, more metaverse and gamify-oriented protocols that depend on the NFT industry…

Logan Paul NFT buyback shows celebs can’t ‘play around’ in Web3

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Community members have reacted to YouTuber Logan Paul’s buyback announcement, delivering on his year-old promise to refund the disgruntled investors of his nonfungible token (NFT) project CryptoZoo.  The NFT project was supposed to be a play-to-earn (P2E) game that lets players buy, sell, breed and trade animals with crypto. The YouTuber announced the project in August 2021, but the game was never released. This sparked allegations of fraud and led to a class-action lawsuit against the celebrity.  Community member criticizing the images on Paul’s NFT project. Source: X  Throughout the…

NFT sales on Bitcoin hit record in December 2023

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Sales of non-fungible tokens (NFTs) on the Bitcoin (BTC) network reached $881 million in December 2023. According to the Cryptoslam portal, in December 2023, NFT sales set the highest single-month sales record. Source: Cryptoslam In addition, a record 111,713 buyer addresses participated in NFT transactions on the Bitcoin chain in December. Simultaneously, the number of merchant addresses rose to 98,744, marking the highest number of merchants in a month. Meanwhile according to Cryptoslam, the total sales of NFT Ethereum (ETH) amounted to $364.79 million. Sales of BTC-focused NFTs outpaced ETH…

Trump Sells Off Millions in Ethereum Following Woeful NFT Business

Trump’s recent sell-offs have triggered speculations that he may have lost interest in crypto and may be seeking to cash in on all of his holdings. Former president of the United States of America Donald Trump has sold no less than $2.4 million worth of Ethereum (ETH) over the past three weeks. That is according to a report by blockchain intelligence firm Arkham. The latest report follows after Trump reportedly made the third attempt to recharge his NFT trading card business. However, seeing as the attempt yielded very little success,…

China Ministry of Science and Technology Vows to Clarify Web3, NFT Development Path

The strategy document would handle the issues of inheritance, innovation, security and government obligations, the department, along with the Chinese Academy of Sciences, and the China Association for Science and Technology, said. Plus, the ministry plans to strengthen interaction between relevant departments to promote Web3 innovation, deploy further research and strengthen talent in the industry. Source