NFT sales on the Bitcoin chain exceeded $100 million in the past seven days
According to the latest data from cryptoslam, the sales of NFTs on the Bitcoin blockchain in the past 7 days have exceeded $100 million, reaching $109,426,965 at the time of writing, surpassing Ethereum, Polygon, and Solana, ranking first in the sales of NFTs on the blockchain for the past 7 days. In addition, the sales of NFTs on the Bitcoin blockchain from January to present have exceeded $200 million, currently around $208 million.
GameStop will shut down its NFT market and cease operations starting February 2
Electronic game and related product retailer GameStop has decided to close its NFT market and will cease operations from February 2nd.
Crypto-Native NFT IP: A New Era For Consumer Brands
The world's most recognizable consumer intellectual property (IP) brands are incredibly valuable. Pokemon has grossed over $77 billion in lifetime revenue, while Winnie the Pooh, Mickey Mouse, Star Wars and Anpanman have all crossed the $50 billion figure.
Twitter Removes NFT Profile Picture Feature for Paid Subscribers
Elon Musk's company, X, has shared its vision for 2024, which includes plans for peer-to-peer payments and AI-powered tools. However, the company has also quietly removed a feature that allowed paid subscribers to set NFTs as their profile pictures. This feature was originally launched in January 2022, but has now been removed from X's Premium support page. While users who had already set NFTs as their profile pictures still have them, it is unclear if X will eventually remove them as well.
Thoughts on Selling Generative Art
Through my work with Bright Moments, I’ve spoken with numerous artists about how to sell long-form generative art collections. I have now put this advice into an essay to share with a wider audience.
BasePaint
“This is the most fun I had onchain in a long time”— creators and users of BasePaint.
Let me tell you a story about building BasePaint, a collaborative pixel art project that is unlike what you typically see in the crypto space.
I’ve been writing this post for the last 100 days and did my best to make sure it’s not too boring. Buckle up and consider minting!
Solana-based community project SOGA will launch NFT Mint at 8pm Beijing time on January 8
According to official sources, the Meme community project SOGA based on Solana will officially launch NFT Mint at 8:00 pm Beijing time on January 8. The NFT is minted based on Solana, and users can hold NFT to enjoy the subsequent SOGA token airdrop benefits. The total issuance of NFT is 2,000. The SOGA project is a community project initiated by the Solana SAGA mobile phone holder community, aiming to spread Meme culture through SOGA NFT and SOGA tokens.
NFT project TinFun has started whitelist sales and public sales, and the current participation amount exceeds 2,000 ETH
On January 7th, NFT project TinFun announced on social media that it has started its whitelist sale and public sale. The sale will run from January 7th at 11:00 Beijing time to January 8th, 2024 at 11:00, lasting for 24 hours. According to Etherscan data, the current amount of participation in the whitelist sale and public sale has exceeded 2000 ETH, reaching 2,179.7 ETH.<br>It is reported that TinFun whitelist users can only send one transaction based on the maximum number of purchases available (i.e. the whitelist quantity); a successful transaction means a successful reservation of TinFun NFT, and TinFun will conduct a unified airdrop after the public sale lottery is completed. Users participating in the public sale can deposit a minimum of 0.1 ETH and a maximum of 0.2 ETH in a single wallet for the lottery. After the public sale ends, TinFun will conduct a lottery and announce the winning results, with each wallet being able to win a maximum of 2 NFTs. If the user wins, TinFun will conduct a unified airdrop of the reserved NFTs from the whitelist sale after the results are announced. If the user does not win, they can receive a refund after the airdrop is completed.
Bitcoin Frogs’ total trading volume on Magic Eden exceeds 1,000 BTC
According to data from the Magic Eden official website, the total transaction volume of the Bitcoin Frogs NFT project on the Bitcoin blockchain has exceeded 1000 BTC, currently at 1049.3 BTC, and the current floor price is 0.1885 BTC.
The transaction volume of NFT on the Ethereum chain in the past 24 hours was US$133 million, an increase of over 20%
According to the latest data from Cryptoslam, the 24-hour trading volume of NFT on the Ethereum blockchain was $13,323,066, an increase of 22.92%. The number of buyer addresses was 11,166, the number of seller addresses was 9,637, and the number of transactions was 32,949.
Affected by the news of "imminent currency release", the floor price and trading volume of Azuki's entire series of NFTs have increased.
On January 6th, according to NFTGo.io data, the floor price and trading volume of Azuki series, Azuki Elementals series, and BEANZ Official series NFTs all saw an increase, including:
The 24-hour trading volume of Azuki series NFT increased by 113.8%, and the floor price increased by 7% in 24 hours.
On January 6th, according to data from NFTGo.io, the trading volume of Azuki series NFT reached 2597.34 ETH within 24 hours, with an increase of 113.8%. The floor price of this NFT series increased by 7% within 24 hours and is currently at 6.52 ETH.
NFT lending platform Arcade: Total loan volume in 2023 will exceed US$165 million, and V4 version will be launched this year
NFT lending platform Arcade released its 2023 platform review, with a record-breaking total platform loan amount of over $165 million (with an average loan size of $42,000) for the entire year of 2022. The active borrowing amount was approximately $15.5 million, with earnings of $2.25 million and a total transaction volume of 60,000 ETH. Arcade also launched major products, new features, and protocol upgrades last year (such as Arcade V3, ArcadeDAO governance system, and ARCD), which were added to the constantly evolving Arcade ecosystem. Arcade stated that the launch of ArcadeDAO and ARCD tokens marks a significant shift towards decentralized governance for the platform, and their plans for 2024 include the launch of the V4 version, support for multi-chain and ARCD transfers, as well as RWA lending services, while promoting more efficient platform functionality.
DeMR receives investment from KuCoin Labs for its decentralized Mixed Reality infrastructure network built on Solana Chain
KuCoin Labs has invested in DeMR, a remote decentralized infrastructure network for Mixed Reality (MR) called MR-DePIN, which is based on the Solana Chain. The exact amount of the investment has not been disclosed. DeMR aims to lead global users into the MR world through its high-precision MR maps, and contributors can participate in its construction and receive DMR token rewards by owning Compass NFT, which will be released in stages on the official website.
In the past seven days, NFT sales on the Polygon chain have increased by over 142%, and NFT sales on the Avalanche chain have increased by over 97%.
According to Cryptoslam data, the Bitcoin blockchain NFT sales volume has increased by 10.47% in the past 7 days, reaching $144,581,502 and ranking first. The Ethereum blockchain NFT sales volume decreased by 3.12% in the past 7 days, reaching $69,083,366 and ranking second. The Solana blockchain NFT sales volume decreased by 33.62% in the past 7 days, reaching $49,950,821 and ranking third. The Polygon blockchain NFT sales volume increased by 142.06% in the past 7 days, reaching $19,381,654 and ranking fourth. The Avalanche blockchain NFT sales volume increased by 97.80% in the past 7 days, reaching $7,877,699 and ranking fifth.
NFTs Have Evolved, NFTs Endure
USV started playing with NFTs in 2017. First when Rare Pepes were starting to gain some niche popularity and then again when cryptokitties launched. Shortly after that exploration, we invested in the team behind cryptokitties and wrote:
We think digital collectibles are one of many amazing things that blockchains enable that literally could not be done before this technology emerged.
2023 NFT Highlights
As we reflect on 2023, it's evident that the NFT space just weathered a tough bear market.
Yet resilience has been our hallmark, with numerous projects not only surviving but thriving here thanks to new advancements and new tailwinds.
Accordingly, today let’s dive into the most prominent NFT trends of this past year, spotlighting the biggest happenings and notable projects that got us to where we are now!
EOS Network Ventures invests $500K in multi-chain NFT DEX protocol EZ Swap during successful fundraising round.
EOS Network Ventures (ENV) has invested $500K in EZ Swap, a multi-chain NFT DEX protocol and inscription marketplace, during its second fundraising round in December 2023, which raised a total of $1 million. The investment, led by ENV with support from major investors like IOBC Capital and Momentum Capital, is expected to significantly enhance EZ Swap's gaming asset and smart inscription protocol landscape. ENV is a venture capital fund that makes strategic equity and token-based investments into Web3 startups deploying on the EOS Network, which is a third-generation blockchain platform powered by the EOS VM.
Recollection and Progression: from 2023 into 2024
As another year wraps up, it's time for that quintessential year-in-review post. For me, 2023 was a year filled with challenges and triumphs, a period of both personal growth and artistic evolution. From exploring new mediums and themes in my art to navigating the ups and downs of a my career, this year has been a challenging journey. Here's a look back at my artistic endeavors in 2023 and a glimpse into the exciting prospects I'm aiming for in 2024.
Privacy Coins At Risk & Onchain Ramps Up As Gas Cools Down| Issue #53
Gambler’s Fallacy has been airdropped to readers that qualified (link if you want to buy on secondary). Thank you all for your support again. As some of you may know, the logo for this newsletter is based on the Aztec god of gambling, Macuilxochitl. This is Rezva’s interpretation of some of the reference material I shared with her as well as in her more recent style. I personally love how smooth the animation is and this will look great on the Tokenframe.
