Tag: NFT

NFT marketplace LooksRare launches v2, reducing fees from 2% to 0.5%

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Nonfungible token (NFT) marketplace LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other features, according to an April 6 announcement from the company. ! Rolled out rn:– Fee dropped to 0.5%– Gas 50% cheaper than Blur– One-signature bulk listing– Buy 70+ NFTs at once– Sellers get ETH instead of WETH Full deets https://t.co/3XXGeGK2r2 — LooksRare (@LooksRare) April 6, 2023 The LooksRare version 1 platform charged 2% per trade. This has been reduced to 0.5% in version 2. In addition, v2 has more gas-efficient contracts, allowing…

Magic Eden Unveils New Bitcoin NFT Ordinals Launchpad for Creators

The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.  On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to successfully inscribe their Bitcoin-based NFT collections. Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows inscribing of digital assets on Bitcoin. So far in 2023, the Ordinals platform has taken off in a big way…

Unreleased David Bowie Music to Be Released as NFT

The collection features 3,003 NFTs, and is slated to launch on April 14th. An unreleased recording of the late English singer-songwriter, David Bowie, is set to debut as a music NFT. According to a Decrypt report, Gala Music has teamed up with music producer Larry Dvoskin and publisher Warner-Chappell Music to facilitate the launch. Gala Music – a subsidiary of Gala Games – and partners will be releasing an unheard version of Bowie’s 1983 hit song, “Let’s Dance,” via a limited series of non-fungible tokens (NFTs). The collection features 3,003…

David Bowie unreleased record debuts as music NFT

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A previously unreleased version of David Bowie’s “Let’s Dance” has surfaced as part of a limited edition collection of nonfungible tokens (NFTs). Gala Music, a subsidiary of the Web3 startup Gala Games, has joined forces with music producer Larry Dvoskin and publisher Warner Chappell Music to unveil an unreleased version of David Bowie’s 1983 track “Let’s Dance” as part of a limited edition collection of NFTs. The announcement was made on Thursday, March 6. David Bowie created an impressive discography that included 27 studio albums, 11 live albums, four soundtracks…

25% of NFT owners have a collection of 51 or more – CoinGecko Report

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Crypto data website CoinGecko has released survey findings indicating that the majority of nonfungible token (NFT) holders own 51 or more NFTs, while those who only hold a single NFT comprised the smallest group among the respondents. Published on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 in conjunction with Blockchain Research Labs. At least 1 in 4 NFT holders (26.5%) said that they are “avid collectors” with 51 or more NFTs at the time of the survey, with the report noting this group likely…

Reddit positions the contracts for Gen 3 NFT avatars on Polygon

Online chat arena Reddit has announced the deployment of its third-generation NFT avatar agreements on the Polygon network, anticipating the official issue in the coming week. Reddit Gen 3 NFT avatars Reddit’s long-awaited third-generation Non-Fungible Tokens (NFT) avatars are set to come to the market in the coming few days. The online chat forum installed the contracts of its digital assets termed “Reddit Avatars” on the Polygon network on April 5. Reddit has deployed contracts for the third generation of Avatar NFT Gen 3 on Polygon and plans to officially…

Solana NFT minting now cheaper with new technology

The Solana Foundation has revealed that minting 1 million NFTs on Solana now costs much less, owing to a new technology that helps to substantially lower costs by introducing an innovative mechanism to store NFTs on-chain. Solana introduces state compression Despite its comparably low fees, the price of minting NFTs on Solana can still be a barrier for some artists and collectors. A new technology will be helpful in this situation. Recently, there have been advances in the Solana ecosystem that could make NFT minting prices even lower. State compression…

Reddit deploys Gen 3 NFT avatar contracts on Polygon

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Online discussion platform Reddit has deployed the third generation of its blockchain-based digital collectibles dubbed “Reddit Avatars” on the Polygon blockchain, resulting in community members and collectors expressing their thoughts on the much-anticipated drop.  The nonfungible token (NFT) avatars were first introduced in July 2022 to empower artists to create and sell their work. In addition, whenever users purchase a collectible, it can also be set as an avatar on Reddit’s website. The avatars were made available in August 2022, generating thousands of dollars in sales for the artists. On April…

OpenSea collector fat fingers a 100 ETH bid for a free NFT

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A nonfungible token (NFT) trader has seemingly fat-fingered a trade for a free NFT, buying it for 100 Ether (ETH), currently valued at $191,239, representing a 250,000% increase on the floor price of 0.04 ETH. The token was part of NFT marketplace OpenSea’s Gemesis NFT collection — free NFTs intended to commemorate the launch of OpenSea Pro on April 4. OpenSea Pro is a marketplace aggregator tailored to professional users by providing them with what OpenSea calls “a vastly improved” suite of features such as live cross-marketplace data and advanced…