Tag: NFT

NFT sales volume jumps to $129M in November: Data

Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen.  In a tweet, Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices. The sales volume increased weekly until it reached 68,342 ETH, worth over $129 million. Regarding the shares of NFT trading volume, NFT marketplace Blur took the top spot in the last 30 days. According to data aggregator NFTGo, Blur…

NFT sales volume jumps to $129M in November — Nansen data

boss

Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen.  In a post on X (formerly Twitter), Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices. The sales volume increased weekly until it reached 68,342 ETH, worth over $129 million. NFT marketplace Blur had the highest share of NFT trading volume in the last 30 days. According to data aggregator NFTGo,…

Yuga Labs, Magic Eden unveil Ethereum NFT marketplace

Yuga Labs, the creators of Bored Ape Yacht Club and Magic Eden, are collaborating to launch an Ethereum NFT marketplace that will ensure creators receive their right royalties.   In a statement shared on their X platform, Magic Eden expressed enthusiasm for collaborating with Yuga Labs and their joint efforts in building an ETH marketplace. They emphasized the importance of supporting creators, as they believe that without them, web3 cannot thrive.  This partnership aims to prioritize the rights of creators by ensuring they receive their exact royalties from NFT sales. Together,…

Polygon’s NFT Sales Skyrocket By 131% To $20 Million In Q3 2023

boss

Polygon (MATIC), a  Layer 2 (L2) blockchain network, experienced remarkable growth in the third quarter of 2023. According to a report by Messari, the platform witnessed a significant increase in non-fungible token (NFT) sales, successful network upgrades, and the activation of a new token.  Polygon NFT Sales Skyrocket Per the report, in Q3 2023, Polygon witnessed a staggering 131% quarter-on-quarter increase in weekly NFT sales volume, reaching an impressive $20 million. This growth was primarily attributed to the success of DraftKings’ Reignmaker NFT collection, which became the top collection on…

The NFT Market Has Crashed. What Should Artists Do Now?

Such communities are invaluable, providing artists with a stable foundation that shields them from the unpredictable fluctuations of any market. The reality of the current Web3 ecosystem is that traditional NFT promotional and marketing techniques no longer work in a bear market, and that means artists have to be more creative and innovative with how they promote their work and engage collectors. This could involve creating alternative and recurring revenue streams using a variety of tools including free claims, paid mints, memberships, incorporation of physical items and IRL experiences. Source

Phantom unveils new camera NFT feature

Phantom’s Camera Mint feature introduces a tool for creating NFTs directly on mobile devices, presenting both opportunities and challenges in the evolving landscape of digital collectibles. Phantom’s recent introduction of the Camera Mint feature enables mobile users to create NFTs with ease. While the tool democratizes access to blockchain technology, it also introduces a series of challenges and considerations that users must make. One of the feature’s main selling points is its user-friendliness, designed to attract a wide audience to the world of NFTs. Users can quickly transform personal moments…

LooksRare Monthly NFT Trading Volume Flash Crashes 97% In October: What’s Next?

boss

The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million registered in September 2023 to just $2.1 million in October, Token Terminal data shared by Web3 Academy on October 26, via X shows.  LooksRare’s Monthly Volume Tanking, Falls To $2.1 Million In October The unprecedented drop in activity couldn’t be pinned on any particular LooksRare-related event when writing on October 26. This contraction is despite the broader cryptocurrency market recovering, rising as seen by the welcomed expansion of leading…

Singapore court authorizes freeze order attached to wallets as soulbound NFT

boss

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts. A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the wallets in question. The NFTs will not prevent transactions with the wallets but will serve as a warning to counterparties and exchanges that the wallets were involved in a hack. In addition, iSanctuary claimed it has devised a means…