Tag: NFT

Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects – Bitcoin News

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On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and Astar to Co-Host Web3 Incubation Program Sony Network Communications, a subsidiary of Japanese technology giant Sony Group, announced Friday that the company is exploring ways to address industry issues using blockchain and Web3 technology. A…

NFT Sales Surge Over 43% in Past Week, Topping $397 Million – Markets and Prices Bitcoin News

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Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions. NFT Sales Continue to Rise in 2023, Ethereum Dominates NFT Sales with 90% Market Share In the past week, sales of non-fungible tokens (NFTs) have surged, rising more than 43% higher than the previous week, according to statistics from cryptoslam.io. NFT sales totaled $397.86 million…

Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape – Bitcoin News

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The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with a minimum of 0.5% for all collections that do not use onchain enforcement. Opensea Drops Fees While Facing Tough Competition from Rivals Like Blur, Looksrare, and X2Y2 Opensea, the NFT marketplace, announced on Friday that it is dropping fees in response…

OpenSea implements 0% fees to win over NFT userbase lost to Blur

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Major nonfungible token (NFT) marketplace OpenSea announced a massive structuring around lower platform fees and greater creator earnings as competing marketplaces continue to drain away its once dominant user base. On Feb. 18, NFT marketplace Blur surpassed OpenSea in daily Ethereum (ETH) trading volume as users — anticipating greater returns on their NFT investments — are looking for a trading arena that works in their favor, shows Nansen data. Daily trading volume of major NFT marketplaces. Source: Nansen As a reactionary measure, OpenSea announced three major changes to win back…

eBay NFT platform KnownOrigin launches creator smart contract

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According to a new twitter post on Feb. 16, e-commerce platform eBay’s nonfungible tokens (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists will be able to split earnings and earn royalties as co-creators. As told by KnownOrigin, users have been testing its Creator Contract beta release for the past few weeks, with 84 contracts thus far deployed and 250 edition of NFTs minted. From Feb. 24 onwards, all approved creators on KnownOrigin will be able to deploy and mint work on their own…

NFT Marketplace Rarible Expands Aggregation to Tezos

“Tezos is very big among artist communities, among the exact community that Rarible started with,” said Salnikov. “Tezos landed with the most crypto native culture … it’s a carbon neutral chain, it is decentralized, it is more or less one of the chains that achieved scalability and lower transaction costs without compromising decentralization.” Source

GQ Magazine Enters Metaverse with Launch of Its First NFT Collection

GQ joins many other legacy publications that are recently showing an affinity for Web 3.0. Men’s fashion-based GQ magazine is foraying into the metaverse by launching its first-ever collection of 1,661 non-fungible tokens (NFT). Titled “GQ3 Issue 001: Change Is Good,” the collection features special art pieces created by popular artists Chuck Anderson, REO, Kelsey Niziolek and Serwah Attafuah. Each artist created more than 100 unique traits, which have now been algorithmically combined to create the artwork in the series. GQ Magazine to Begin NFT Minting in March The fashion…

GQ Magazine to Launch Its First NFT Collection Linked to Real-World Rewards

Titled “GQ3 Issue 001: Change Is Good,” the collection is made up of 1,661 NFTs linked to one-of-a-kind art pieces created by artists Chuck Anderson, REO, Kelsey Niziolek and Serwah Attafuah. Each token allows holders to claim additional rewards such as a GQ magazine subscription, a curated GQ box of products, exclusive merchandise and a ticket to the inaugural GQ3 party in April. Holders will also have access to a special Discord channel and will receive priority access to future releases. Source