Meta & NFT

2022-10-10 12:00:46 The top ten collections in terms of 30-day sales statistics according to cryptoslam.io.
Ethereum’s sales were followed by Solana’s $114.32 million, Flow’s $20.61 million, and the $18.95 million from Immutable X NFT sales. While Ethereum-based NFT sales dominated, month-over-month stats show ETH sales are down 21.26%. 30-day metrics indicate Solana-based NFT sales are up 109.23% and Flow NFT sales are up 40.58%. NFT sales that derive from the Immutable X network saw a month-over-month increase of around 125.30%.
Coincidently, the top five most expensive NFTs sold during the last 30 days stem from Yuga Labs’ associated NFT collections like the Bored Ape Yacht Club and Otherdeeds. The most expensive NFT sold within the past 30 days was Bored Ape #8585 for $1.03 million and the second most expensive NFT sold was Bored Ape #441 which sold for $350,991 19 days ago.

META & NFT WORLD Open / Comment

2022-10-09 12:00:12 Beverage Company ‘Neuro Brand’ Buys a Bored Ape for $1 Million

This year has seen several NFT collections be leveraged by consumer brands for products like phone cases and beverage cans, signalling yet another real-world application for them. Following this trend, Neuro Brands, a health beverage company, has purchased a piece from the Bored Ape Yacht Club collection.

The piece in question, Bored Ape #8585, was purchased for 777 ETH, which comes to over a million dollars.

The Bored Ape is a five-trait trippy fur ape wearing heart glasses and a crown on its head. While the company has not announced what exactly it plans to do with the Ape, it could very well go down the branding and licensing route, putting its admittedly attractive image on its products.

According to Sanela Diana Jenkins, the CEO of Neuro Brand, the Bored Ape Club is in line with its vision and this is an ideal time to get in on the NFT market.

META & NFT WORLD Open / Comment

2022-10-08 12:00:09 The Cardano Foundation announced its support for the launch of a new non-fungible token (NFT) collection that will bridge the physical world with the digital. Created by Christian Etter and Alexander Brunner, the collection is called Etter Edition 01 NFTs.

The collection will be hosted on the Cardano blockchain, and minted Web3 infrastructure provider based in Switzerland NMKR, according to a press release by the Cardano Foundation. One of the unique features of this collection is the option to trade digital assets for physical pieces.

In that sense, buyers of the Etter Edition 01 will be able to hold the NFT hosted by the Cardano blockchain or the generative motion graphics of the physical piece. Unlike other popular NFT collections, the Etter Edition 01 will be something their collectors can store with traditional pieces of art.

META & NFT WORLD Open / Comment

2022-10-07 12:00:14 Earning NFTs as Rewards Could Coax Gamers Into Crypto, Study Reveals

The prospect of earning non-fungible tokens (NFTs) could draw more gamers into cryptocurrencies, as they are largely driven by earned rewards, a recent study has revealed.
Although gamers were largely skeptical of NFTs, their tune changed markedly when the NFTs were incorporated into the gaming experience, according to research from Coda Labs.

META & NFT WORLD Open / Comment

2022-10-06 12:00:12 NFT and blockchain-related trademarks filed in the US surpass 6,000 in 2022, 3x 2021 figure

Non-fungible tokens (NFTs) and blockchain technology are at the forefront of a trend that is seeing major parts of the cryptocurrency market become increasingly leveraged by companies and individuals seeking to interact with their audience in more ways.

Indeed, NFT and blockchain-related trademarks in the United States surpassed 6,000 from January 1 until September 30, according to the data and chart published by trademark and patent attorney Michael Kondoudis (The Law Office of Michael E. Kondoudis) on October 5.
Interestingly, the 2021 total was 2,142, just under three times less than this year’s nine months. As for 2022, the most productive month was March, when 1,080 new NFT trademarks were registered. Since then, there has been a gradual decline each month, with September recording the lowest number of applications (43%), as per U.S. Patent and Trademark Office (USPTO). Open / Comment

2022-10-05 12:00:15 $1.5 billion Web3 VC firm founder projects NFTs to rebound powered by more use cases

After recording a surge in popularity in 2021, the non-fungible tokens (NFTs) market is now in dire straights in correlation with the general crypto sector. However, a section of the market is projecting a rebound in the NFT space with a possible increase in use cases.

In particular, the founder of Web3-focused venture capital (VC) firm, Haun Ventures, Katie Haun, has suggested that NFTs will make a comeback mainly inspired by the general shift to the digital world, she said during an interview with Bloomberg Crypto on October 4.

META & NFT WORLD Open / Comment

2022-10-04 12:00:01 NFT Monthly Sales Top $947M as Solana Gains Ground on Ethereum

Amid the ongoing crypto market downturn, overall NFT sales volume remained largely flat in September. But while overall volume appears stagnant, individual NFT sales are keeping pace, high value NFTs on Ethereum are still selling, and Solana NFTs are gaining steam.
All in all, $947 million worth of NFT trading volume was recorded in September, according to data from DappRadar—and that figure specifically excludes suspected wash trades. That compares to $927 million in August and nearly $916 million in July. June was the last month to crack the billion-dollar mark at $1.03 billion.
The NFT market remains in significant decline from the frenzy of late 2021 and earlier this year. In January, for example, DappRadar recorded about $5.36 billion worth of organic NFT trading volume. In other words, the NFT market produced 82% less trading volume in September when measured in USD

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2022-10-03 12:00:01 How PucciDAO is selling underwear with Solana NFTs

Prior to today, the majority of consumers probably connected NFTs with collectibles, artwork, and other digital-only things like profile images. But blockchain tokens can also be linked to real-world assets like real estate, art, and other tangible goods.

Pusdao wants to utilize Solana NFTs as redemption coupons to buy items like underwear and streetwear, providing a startling illustration of how NFTs might upend the retail and garment industries.

Decryption was introduced by founder and CEO Izzy Howell, who was formerly Head of Development at Solana Derivatives Protocol Cypher. He had the thought while chatting with some old DeFi coworkers this week at the Chainlink SmartCon conference.

META & NFT WORLD Open / Comment

2022-10-02 12:00:01 Mutant Ape Yacht Club, CryptoPunks Among This Week’s Recording-breaking NFT Sales

The bear market is not stopping generative art and blue chip NFTs sales.
The NFT ecosystem has been waning in terms of monthly trade volumes since May’s crypto market downtown, and especially compared to all-time highs in January of this year.

However, this week in particular saw some significant trading activity, and Wednesday takes the cake for the highest daily volume of NFTs sales, measured in ether (ETH), in September and in the past 30 days.

Sept. 28 saw 12,565 ETH, or $16.6 million, transacted that day. While Sept. 20 recorded a lower volume amount in ETH — 12,549 ETH — the USD amount of $17 million was higher due to the fluctuating price of ether.

This week’s spike can likely be attributed to a $16.75 million generative art sale, a $1.3 million Mutant Ape Yacht Club (MAYC) lending deal and a $4.45 million CryptoPunks sale.

META & NFT WORLD Open / Comment

2022-09-30 12:00:01 NFT Trading Volumes Collapse 97% From January Peak

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT mania is part of a wider, $2 trillion wipeout in the crypto sector as rapidly tightening monetary policy starves speculative assets of investment flows.

META & NFT WORLD Open / Comment