Tag: NFT

Bored Ape Yacht Club NFT collection plummets over 90% from $600k peak

During the weekend, the NFT market witnessed a sharp decline in the floor prices of Yuga Labs’ Bored Ape Yacht Club and Mutant Ape Yacht Club collections, mirroring the ongoing crash in NFT floor prices. The floor price for Bored Ape Yacht Club dropped from 38 ether ($73,000) on Juse 30 to below 28 ether ($53,500) on July 2 as reported by OpenSea data. An ongoing downward trend In a July 2 tweet, Will Clemente, the co-founder of Reflexivity Research, a digital asset research firm, highlights that the decrease in…

Solana surpasses Ethereum in 24h NFT sales

In the past 24 hours, Solana’s NFT daily sales volume increased, surpassing Ethereum’s for the first time since May 2022. During a 24-hour period from June 30, the Solana (SOL) network produced more NFT sales in volume than Ethereum (ETH). This contrasts with the high-value Ethereum NFT market, which has recently declined in trade volume. According to information provided by CryptoSlam, the sales of Solana NFTs on the secondary market generated close to $24.2 million over the previous day, while sales of Ethereum totaled $21.2 million. Blockchain sales by NFT…

Azuki Is Rebuilding After Its Elementals Mint Mishap, Candy Digital and Palm NFT Studio Merge

What: Generative artist Vera Molnár, who is credited by many scholars as the first female digital artist, is releasing her first-and-only on-chain generative art project through art auction house Sotheby’s. Her work, which began integrating computer art in the 1960s, is regularly cited as an influence for modern generative artists such as Dmitri Cherniak and Tyler Hobbs. The 500-edition collection, formulated around three letters that have heavily influenced digital art, is a reflection of her career and how the practice has changed with the integration of NFTs. Source

Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s  – Cointelegraph Magazine

Greg Oakford, a co-founder of NFT Fest Australia, guides you through the Web3 digital art world from a collector’s perspective.  Turning concert merchandise and memories digital  Snoop Dogg’s recent announcement of the Snoop Passport — an evolving concert tour collectible — is a trend I believe we’ll see get more and more traction among musicians and entertainers.  They tap into those fan moments we’ve all had: whether it’s dusting off an old concert T-shirt, rustling through a shoe box full of ticket stubs from sporting events and concerts you’ve attended…

Lacoste expands NFT ecosystem with new rewards and co-creation feature

French fashion brand Lacoste has announced the expansion of its non-fungible token (NFT) ecosystem by introducing a rewards and co-creation feature for its UNDW3 community. Lacoste made its initial foray into the world of web3 in June 2022 with the launch of the UNDW3 Genesis passes NFT collection, consisting of 11,212 unique tokens. These NFTs served as a gateway for community members to access exclusive limited-edition merchandise and in-person community events, providing an immersive and unique experience. With each NFT initially minted at the cost of 0.08 ETH (approximately $95…

Candy Digital and Palm NFT Studio Announce Merger

“We’re thrilled to bring together two teams that have been market leaders in innovation and fan engagement,” Lawin told CoinDesk. “Palm NFT Studio shares Candy’s excitement about the role that digital assets will play as the connective tissue between fans, brands and content in Web3, and we’re looking forward to bringing world-class brands like Warner Bros. Discovery and DC to the Candy platform and community.” Source