Bitcoin NFTs surpass Ronin in all-time sales
Bitcoin-based NFTs recorded a sales volume of $148 million in the last 30 days, according to CryptoSlam.
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Bitcoin-based NFTs recorded a sales volume of $148 million in the last 30 days, according to CryptoSlam.
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.
Gala Games shuts down The Walking Dead: Empires NFT game by 2025, offering vault boxes as compensation.
Renewed interest in the NFT markets has emerged even as the overall purchasing power weakens. Recent data provided by CryptoSlam indicates that buyers in the non-fungible token sphere grew by more than 24% over the past week. Even with this increase in participation, the total volume of sales for non-fungible tokens declined by almost 8% […]
As Non-Fungible Tokens (NFTs) rapidly proliferate, lending platforms have emerged as vital facilitators of liquidity and investment prospects. According to recent CoinGecko data, Blend has established itself as the unrivaled leader in this niche market, commanding an impressive 92.9% share as of March 2024. Blend’s Rapid Rise: A Leading Force in NFT Lending Blend’s trajectory […]
Polygon NFTs surpassed Ethereum in weekly sales. Polygon captured nearly a quarter of the NFT market with $22.3M in sales.
The slump in the broader crypto market seems to also be affecting the NFT market, as sales volume for NFTs dropped by 4.38% in the last seven days to $93.6 million. Data from leading NFT analytics platform CryptoSlam showed a further decline in NFT sales volume from the previous week’s drop to $102.8 million. Sharp […]
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. [...]
The post NFT Market Flourishes With an 11.62% Rise This Week; Largest Ordinal Inscription Fetches Record 8 BTC appeared first on Crypto Breaking News.
As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in [...]
The post NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally appeared first on Crypto Breaking News.
This article is all about the Ethereum NFT royalty projects. Yuga Labs' collections, including the Bored Ape Yacht Club (BAYC) and Otherdeed, have been particularly lucrative.
In January 2023, Polygon NFT transactions on OpenSea surpassed Ethereum NFT transactions for the second consecutive month, as per a report by NFT Gators on February 1st. Despite a decrease in the average transaction fee, the NFT lending market saw record growth in monthly loan volume, the number of loans, and the number of participating lenders and […]
What Is RENGA NFT? RENGA is storytelling through images (NFTs), with the vision that the holders of the NFT will also contribute to the stories one day. The website describes it as the ‘Art of Storytelling’ with each NFT having its own identity and being part of a larger narrative which is RENGA. As for […]
Cost efficiencies, improved liquidity, 24/7 market access, and the removal of intermediaries were the main advantages' cited which blockchain infrastructure has over current legacy systems.
Do the Cool Cats still have Blue Chip status? The collection fell on hard times lately, but so has any other NFT project out there. We’re in a bear market, after all. A Hollywood agency manages the Cool Cats project, they had the coolest exhibit in NFT NYC, and collaborated with TIME magazine in a weird NFT drop. Still, the collection’s floor price is down to levels not seen since the project’s conception. Related Reading: Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse The Cool Cats started spreading good vibes in July 2021. It’s a PFP collection consisting of 9.999 unique cats assembled from various traits that formed 300K possibilities total. The ecosystem expanded in two major ways lately. They launched their secondary collection, the Cool Pets, and their own token, $MILK. The new coin is the blood of the gamified experience that the collection’s creators have been releasing. pic.twitter.com/GcpXtb5Vt8 — Mike Tyson (@MikeTyson) July 9, 2021 Speaking about those, the core team are: the smart contract programmer Tom Williamson, web developer Rob Mehew, creative director Evan Luza, and illustrator Colin Egan AKA The Cartoonist. The unofficial fifth member of the band is Mike Tyson. The eternal heavyweight champion changed his Twitter profile picture to a Cool Cats and that propelled the collection when it needed it the most. The Relationship Between Cool Cats And CAA The Cool Cats went Hollywood on March 2021. In a move unprecedented at the time, the creators signed with leading talent agency CAA. In a press release from the time, the partners explained the deal in detail: “Leading entertainment and sports agency Creative Artists Agency (CAA) has signed Cool Cats, producers of the widely known Cool Cats and Cool Pets NFT collections. In collaboration with the gamified NFT company, the agency will identify and create opportunities for Cool Cats characters across an array of areas, including licensing and merchandising, animated content, brand partnerships, live events, publishing, and more.” So, there’s serious money and interests behind the cats. Why are they fading away into the background, then? Is it just an effect of the bear market? BTC price chart on Bitbay | Source: BTC/USD on TradingView.com Cool Cats ’ got utility First of all, Cool Cats holders get their NFT’s property rights. That means, they can produce commercial projects with their NFT’s images. Cool Cat owners also get access to the project’s Discord server, and priority for all of the exclusive Cool Cats events and mints. Holders can stack their NFTs and get yield in $MILK. Another benefit is access to Cooltopia, a project they define as “a gamified ecosystem built on interactivity and utility, community rewards and growth, collaboration with brands, and much more.” Another self-definition has Cooltopia as a “place where having a Cool Cats NFT grants you evolving access to games, tokens, community events, collaborations, and more.” Plus, there’s the Cool Pets side project. A reward to NFT holders and a way for newcomers to enter the ecosystem at a lower price point. The Cool Pets collection has 19,999 units. Every holder got a pet for free. The general public bought the other half. The Cool Pets first come as an egg image, that hatches and reveals the final NFT. The pets are divided into four elements: Fire, Water, Air, and Grass. The $MILK token The $MILK is an ERC20 token on the Ethereum and Polygon blockchains. It’s the oil that greases Cooltopia’s gamified economy. According to the documentation: “$MILK is the key to all sorts of functionality and fun in the Cool Cats ecosystem, from buying Battle or Housing chests to going on quests.” “$MILK is also how you’ll enhance and evolve your Cool Pets.” This one describes the NFTs staking-like mechanism: “Your Cool Cat is earning $MILK just by being cool (the $MILK claiming clock begins as soon as the contract is deployed), and that $MILK will accumulate over time.” Controversy And Suspicion There’s something strange going on with this project. Recently, the newly-appointed CEO stepped down after just three months. There was never a credible explanation. The collection just tweeted, “Chris Hassett has stepped down as CEO. We thank him and wish him the best moving forward.” Is there something rotten in the Cool Cats headquarters? Related Reading: Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering And then there’s the price. At its height, in October 2021, the Cool Cats floor price was around 26 ETH. Almost a year later, the floor Cool Cats are trading for 2.9 ETH. That’s not all, the Cool Pets’ floor price is 0.18 ETH. Are those Blue Chip numbers? Even though we’re basically in the middle of a crypto winter, the collection seems to be falling off a cliff… Will the Cool Cats land on their feet? Featured Image: screen shot from the collection's site | Charts by TradingView
Today we get into the project that started the entire NFT craze: CryptoPunks. COVERED: What are CryptoPunks? Who Created Them? How Do They Work? What Makes Them Unique? How To Buy Them? Conclusion WHAT ARE CRYPTOPUNKS? CryptoPunks are one of the first collections of NFTs on the Ethereum blockchain. These are collectible pieces of crypto […]
The post What Are CryptoPunks? appeared first on CryptosRus.
Ethereum NFT project on the remainder of the Queen’s life Since the project’s launch in July, 73 pieces of art
The CyberKongz don’t get the mainstream media headlines, but they’re one of the most solid NFT projects out there. If not the most. They have an active and heavily involved community behind them, and they keep working and innovating while the others sleep. In the NFT world, everyone respects the CyberKongz. Outside, in the real world, nobody has heard of them. And that might be the winning combination. On their website, they describe themselves as “CyberKongz are unique and randomly generated 2D/3D NFT Social Avatars for your online experiences.” On March 3rd, 2021, the CyberKongz hit Ethereum and Opensea without much fanfare. The brainchild of artist Myoo, the project originally consisted of 1000 randomly generated NFTs. Only 989 were available to the public. One became the collection’s official mascot and the 10 deemed “Legendary CyberKongz” were auctioned off. Related Reading: Blue Chip NFTs 101 – Let’s Travel To Space With The Doodles Collection Since the Genesis drop consisted of 34×34 pixel images, they quickly became the profile picture of choice for its not-so-many holders. At that time, PFP collections weren’t a thing. Since the CyberKongz and others revolutionized the space, they are THE thing. On April 17th, the collection migrated to a new smart contract that contained a few surprises. The team created a utility token, $BANANA, and the original CyberKongz Genesis began yielding 10 tokens a day. At one point in time, this was a modest salary, but the $BANANA token price took a heavy hit since the bear market arrived. In any case, the $BANANA token has actual use cases throughout the CyberKongz ecosystem. For example, to create a Baby Kong costs 600 $BANANA. Types Of CyberKongz So far, there are three types of CyberKongz. We already described the Genesis collection. Each of these 1000 NFTs will yield 10 $BANANA every day for the next 10 years. By burning $BANANA, holders can alter their NFTs and give them a name or include a biography. This is the type of innovation we were talking about in the intro. Surely, $BANANA is a nice way to reward the first investors in the project, but it’s not the only one. Two Genesis CyberKongz can breed. For the modest price of 600 $BANANA they can create one of the 4000 randomly generated Baby Kongz. A completely new and different NFT. It’s worth noting that the Baby Kongz don’t inherit the rarity traits of the Genesis CyberKongz, so everyone has the same chance of receiving a rare NFT after breeding. The CyberKongz VX are 3D Voxel monkeys that are ready for the metaverse. This time there are many more, CyberKongz VX consists of 15000 “voxel-based avatars built to be used in online metaverse environments such as The Sandbox.” Holders can download their 3D assets in the .OBJ, advanced .FBX, .VOX, and .GLTF file formats. They are licensed to use them in merch and create their own derivative artworks with them. ETH price chart for 08/23/2022 on Bitfinex | Source: ETH/USD on TradingView.com Quick Cool Facts About The Kongz The 10 “Legendary CyberKongz” auction was a roaring success. The NFTs went for an aggregated amount of over 200 ETH. The project’s charity contributions are unmatched. After the original mint, 60% of the proceeds went to the Cool Earth and Orangutan Outreach organizations. After the CyberKongz VX mint, 10% went to Virunga National Park and COTAP.org. CyberKongz VX is “the first-ever randomly generated NFT collection created using VoxEdit,” the 3D Voxel creation tool by The Sandbox. Inside The Sandbox, the CyberKongz won the auction for “The Shrine Of Thuth” and renamed the building “The Shrine Of Kongz.” Then, they bought a 12×12 estate and announced they were building Neo Kongz City there. After that, they bought a 24×24 estate and announced the construction of Kongz Island. Besides that, the Kongz own propriety in Axie Infinity’s Land of ‘Lunacia’, several plots of Ember Sword land, a Penthouse in Worldwide Webb, and will build a realm in the Gridcraft Network. Related Reading: Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse Conclusion Maintaining the initial supply of only 1000 CyberKongz Genesis was essential for this project to survive. They found a way to increase it without devaluating the original drop, created a utility token that’s actually used, and invested their funds in the collection’s future: the metaverse. All of this underpinned by the hottest Discord in the game, one where CyberKongz holders can get the most precise alpha available about the NFT scene as a whole. Or so we’ve heard. Featured Image: CyberKongz 3d voxel in The Shrine Of Kongz | Charts by TradingView
The airdrop will happen on June 2nd, and everyone who bought a T-Shirt from Prada's Timecapsule collection in 2019 will get an NFT for free.
Continue reading Prada Releases Time Capsule NFT Collection on Ethereum at DailyCoin.com.
NFT Price Floor indicates that most top Ethereum NFT projects have seen an increase of 10-20%.
Continue reading Ethereum NFTs Recover After Crypto Meltdown, Azuki Keeps Falling at DailyCoin.com.
An article by the WSJ suggesting the non-fungible token (NFT) market is “collapsing” doesn’t show the full picture as contrasting analysis reveal a consolidation is instead taking place.
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