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NFTs & DeFi 🗓

Channel address: @nfts_defi
Categories: Cryptocurrencies , DeFi , NFT
Language: English
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The latest Messages 80

2023-04-10 03:14:03
NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk Purchases

Looksrare
, the non-fungible token (NFT) marketplace, has launched version two, also known as v2, which reduces protocol fees by 75%. According to statistics from Dune Analytics, Looksrare was the tenth-largest NFT marketplace in terms of trader count during the past week. NFT marketplace Looksrare announced the launch of version two (v2) on April 6, 2023. One of the significant changes is the reduction of Looksrare’s fees by 75% with v2. According to stats from Dune Analytics, Blur and Opensea traders dominate the market in terms of traders and market share in volume this week. Looksrare is the tenth-largest NFT marketplace in terms of traders and volume this week, according to metrics from Dune Analytics and Dappradar. Looksrare claims that users can save “~50% on gas fees compared to other marketplaces like Blur, and ~30% on gas fees compared to Looksrare version one.” In addition, Looksrare v2 will use ethereum (ETH) instead of wrapped ethereum (WETH). With Looksrare v2, users can make bulk purchases by adding “70+ NFTs to your cart.”

NFTs | DeFi | News
37.3K views00:14
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2023-04-09 21:00:06
Meta Takes the Lead in Digital Collectibles as NFT Adoption Wanes

As of April 11, 2022, Meta announced that it will discontinue its NFT-sharing feature called ‘Digital Collectibles’, marking the end of a project that allowed users to display their NFTs on Instagram and Facebook. The feature was initially launched in May 2022 to better integrate the platforms into the digital collectibles ecosystem. By connecting a crypto wallet and sharing the compatible image- or video-based NFTs as a special type of post. Furthermore, Meta is not the only company that has dialed back its support for NFT integrations. Many other platforms have abandoned third-party support, and many companies that initially jumped on the NFT bandwagon have since curtailed their ambitions in the space. However, it is surprising to see Meta winding down the program less than a year after its launch, especially since the company rolled out integration for Solana wallets as recently as November 2022, suggesting a continued commitment to NFT compatibility. Despite this, that initial enthusiasm seems to have died.

NFTs | DeFi | News
49.4K views18:00
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2023-04-09 16:14:02
75% of Crypto Holders Own NFTs, Survey Says

Over
75% of crypto holders own NFTs, a CoinGecko and Blockchain Research lab survey found. This high adoption rate is likely due to the fact that the audience for NFTs is a lot more mainstream than traditional crypto, according to co-founder of Arcade.XYZ Gabe Frank. Anthony Georgiades, co-founder of Pastel Network, added that while the 75% figure could be inflated, NFTs are starting to get snapped up by more traditional crypto enthusiasts. “NFTs certainly are more accessible and palatable than just general crypto overall. It’s easier to jump into the crypto space and ecosystem and just buy an NFT,” Georgiades said. The survey also suggested that of the people who own NFTs, just over a quarter are “avid collectors” — which according to the study, means they hold over 51 NFTs. FOMO, or fear of missing out, is a huge component behind this number, according to Georgiades. Georgiades agreed, elaborating that “it’s not just holding bitcoin. It might go up, it might go down and that’s it…They are very unique variables and collectibles. So it does become gamified in some way.”

NFTs | DeFi | News
64.2K views13:14
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2023-04-09 10:14:02
The Rolling Stones one-of-one NFTs that aren’t NFTs

Instead
of calling the limited edition NFTs, which accompany vintage, real-life photo slides, the companies handling the drop are calling them Digital Certificates of Authenticity, or DCOAs. The strategy follows recent trend to avoid using NFT terminology when launching a collection of digital collectibles targeting mainstream consumers. The companies managing the drop, OneOf and Globe Entertainment, are using the term Digital Certificate of Authenticity, or DCOA. The trend of companies shying away from calling digital assets or tokens with utility NFTs in favor of more generic terminology like digital collectibles appears to be gaining momentum, especially when geared towards mainstream consumers. A recent promotion for a Nicolas Cage vampire movie, Fox Entertainment using tokens as loyalty passes for fans of its show “Masked Singer,” and Reddit's avatars are all examples of NFTs being issued without using the term itself. NFTs have come to carry a negative connotation for many as scandal and major price deterioration have plagued the digital-assets market, causing some people to sour on the once hot space.

NFTs | DeFi | News
57.5K views07:14
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2023-04-09 04:14:01
OpenSea Pro Hits Remarkable Performance With After Launch

This
week, non-fungible token marketplace OpenSea launched a new platform OpenSea Pro (formerly Gem v2), aimed at professional NFT traders, aiming at top rival Blur. According to Dune Analytics data, after completing the brand upgrade, the active addresses and transaction volume of the NFT aggregator OpenSea Pro have increased significantly in recent days, with daily active addresses exceeding 2,900 and daily transaction volume exceeding $2.7 million. According to the documentation, OpenSea Pro will be the most powerful NFT aggregator, delivering various boats for different persons. OpenSea promises the platform will provide a new degree of optionality, selection, and control to fulfill the demands of professional traders. Importantly, the platform would collect NFT pricing from 170 different marketplaces, as well as provide live cross-marketplace data, rapid sales, advanced orders, and other capabilities. Besides, since the launch, almost 85,000 Gemesis NFTs have already been minted by our community. This is a significant number for the competition of today’s NFT marketplace platforms.

NFTs | DeFi | News
56.7K views01:14
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2023-04-08 21:21:33
NFT Sales Rise 7.28% to $179.64 Million in 7 Days, Nakamigos Takes the Top Collection Spot

Sales
of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days. NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%. Solana’s NFT sales were the second-largest this week, accounting for $20.66 million, or 11.54%, of the week’s total sales. Ethereum-based NFTs increased by 8.68%, while sales of Solana-based NFTs dropped by 20.88%. NFT sales on Ethereum and Solana were followed by sales on the Polygon, Arbitrum, and Cardano blockchains. Two blockchains that saw notable increases over the last seven days include BNB Chain, which was up 19.73%, and Panini, which increased by 29.53%. Theta blockchain NFT sales rose by 232.96%, but the increase only accounted for $2,805 in NFT sales this week. The top-selling NFT collection this week is Nakamigos, with $11.29 million in sales.

NFTs | DeFi | News
53.6K views18:21
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2023-04-08 16:25:10
Decentraland Metaverse Fashion Week attendance plummets 76% amid 'worrisome' trading volume

Decentraland
recently wrapped its four-day virtual fashion week. It would be hard to argue it was a success. While the metaverse platform attracted 108,000 “unique attendees" last year, the company said only 26,000 attended this year, a dramatic decline of 76% for the event that ran from March 28 through March 31. Despite top brands like Dolce & Gabbana, Tommy Hilfiger and Adidas all sponsoring shows. Decentraland has been valued at $1 billion, and its native token, mana, once had a market capitalization of more than $6 billion. Event planners tried to look for a bright side. The crypto winter is real and Decentraland’s struggles are not unique. Exchanges have collapsed, non-fungible token trading is a sliver of what it was during the bull run, and companies have been forced to lay off large numbers of employees. Blockchain-powered games and platforms like Decentraland, The Sandbox, Alien Worlds, and even Axie Infinity — which enjoyed a brief moment in the sun — are all failing to attract and retain mainstream consumers.

NFTs | DeFi | News
54.6K views13:25
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2023-04-08 10:25:07
Solana To Launch State Compression: Store 100 Million NFTs For Only $1193

Solana
’s ecological team launched a state compression function to store any data on the chain, starting with compressing NFTs. Storing 100M compressed NFTs costs only $1193. Solana, a blockchain platform, has announced its ecological team’s release of a state compression function. This innovative technology, which can be used to store any data on the chain, is expected to revolutionize the world of blockchain. Compressed NFTs are just like regular NFTs, only drastically cheaper. The cost of minting 100 million compressed NFTs is only 1193 US dollars, compared to ◎1.2mm for their uncompressed counterpart. In fact, every incremental compressed NFT is solely a modification of an existing tree, which means the cost of an NFT on Solana is now as little as the cost of a single transaction (◎0.000005)! State compression makes elegant use of a well-known data structure and brings it to bear at the speed of Solana, once again proving Solana is the best place to build scalable, user-first web3 products. Although state compression can be used to store any data on-chain.

NFTs | DeFi | News
54.5K views07:25
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2023-04-08 04:25:05
25% of NFT owners have a collection of 51 or more: CoinGecko Report

Crypto
data website CoinGecko has released survey findings indicating that most nonfungible token (NFT) holders own 51 or more NFTs. 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 one in four NFT holders (26.5%) said they were “avid collectors” with 51 or more NFTs at the time of the survey. The report states this group likely represents people who are the most enthusiastic about NFTs. It was closely followed by holders holding between two and five NFTs (17.6%), with those who hold just one NFT accounted for a mere 4.8%. Despite 2022 seeing crypto enter a bear market, it still recorded the second-highest influx of new NFT collectors over the past five years, with just over 25% acquiring their first NFT during the year. Almost four out of every 10 people surveyed (38.8%) acquired their first NFT during the first bull market of 2021.

NFTs | DeFi | News
63.6K views01:25
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2023-04-07 20:25:11
Unreleased David Bowie Recording to Debut as Music NFT

David
Bowie—widely considered one of the most influential musicians of the 20th century—produced a prodigious catalog of 27 studio albums, 11 live albums, 4 soundtracks, and 128 singles. But it appears that the singer-songwriter, who passed away in 2016, still has one song left to sing. On Thursday, Gala Music, an offshoot of Web3 startup Gala Games, announced a partnership with music producer Larry Dvoskin. On April 14th, 40 years to the day after “Let’s Dance” originally debuted, Gala Music will release 3,003 NFTs, each featuring a piece of Bowie-inspired artwork, that will unlock the holder access to the unheard version of “Let’s Dance” that Dvoskin produced with Bowie in 2002. Dvoskin described the track in a statement as a “more dreamy, electronic” version of the smash song, which remains one of Bowie’s most popular tracks ever released. The music producer and songwriter has long wished for the song’s revamp to see the light of day. With the 40th anniversary of the release of “Let’s Dance” approaching.

NFTs | DeFi | News
61.4K views17:25
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