Tag: NFT

NFT sales rally 28% with Bitcoin dominating the scene

After recording consecutive declines over the past week, non-fungible token (NFT) sales have gained momentum again, registering impressive gains.  According to data provided by CryptoSlam, the global NFT sales volume surged by 28.1% in the past 24 hours and is currently hovering at $38.2 million. The total number of NFT transactions also increased by 26.2%, reaching 249,125. However, the NFT wash volume declined by 15.2%, currently sitting at $10.6 million, per CryptoSlam. Bitcoin is leading the scene with a 44% increase in its daily NFT trading volume, hovering around $15.9…

Electric Capital to address cross-chain cnalytical data challenges with new NFT venture

Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues. In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles. 1/ Announcing NFT Pulse!https://t.co/rcIdebM3Q2 At @ElectricCapital we kept asking NFT questions but had 2 problems:A. data sources were susB. data was not cross chain We built a v1 on @AlliumLabs data & are opening the…

IRCTC India pioneers NFT tickets for the vibrant Holi festival trains

For the Hindu festival of Holi, the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced nonfungible tokens (NFTs) as tickets.  These NFTs will be issued to passengers on the newly launched semi-high-speed Tejas Express trains 82501 and 82502 traveling to Delhi from March 20th to April 2nd. This initiative aims to offer travelers a unique experience by integrating the traditional aspects of the festival with modern digital technology. In the spirit of Holi, IRCTC unveils a vibrant tapestry of NFT tickets for the Lucknow-New Delhi-Lucknow IRCTC Tejas trains (82501/82502),…

Solana NFT Marketplace Tensor to Issue TNSR Governance Token

Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to “decentralize” their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token. Source

NFT Providers May Need FCA Registration to Comply With UK Money Laundering Rules

The government has been refining its crypto regulation environment, and last year said it planned to bring crypto exchanges and custody providers into the new crypto authorization regime. Currently, the firms must be registered with the FCA, which covers money laundering and terrorism financing safeguards, to be able to operate in the country. Once the new regime is up and running, that won’t be necessary. Source

NFT Market Flourishes With an 11.62% Rise This Week; Largest Ordinal Inscription Fetches Record 8 BTC

Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains. […] Source CryptoX Portal

Robert Alice Made NFT History, Now He’s Writing About It

A part of the project SOURCE [On NFTs] is about looking at ideas of truth through history, specifically in terms of the NFT space. It really is a project that was influenced by the making of this book. We trained an algorithm on a tower of key texts, historical texts — everything from fourth century philosophy, cryptographic white papers, works of science fiction and politics using a form of machine learning. It found a kind of soul in each text, all these keywords. By using machine learning in a completely…