Ethereum-denominated NFT-500 index down 50% this year
Data released by Nansen shows that the NFT-500 index, which measures the valuation of the top 500 NFTs in terms of Ethereum, has dropped by 50% since the beginning of the year. The index has also decreased by 16% when measured in USD.
Solana surpasses Ronin to become the second largest blockchain in terms of NFT sales
According to CryptoSlam data, the total sales of NFTs on the Solana blockchain have exceeded $4.29 billion, surpassing Ronin (approximately $4.25 billion) to become the second largest blockchain in terms of NFT sales, second only to Ethereum, with the current total NFT sales on the Ethereum blockchain reaching approximately $41.72 billion.
Magic Eden integrates its marketplace into blockchain strategy game Honeyland
Cross-chain NFT platform Magic Eden announced the direct integration of its marketplace into Honeyland, a mobile-first blockchain strategy game that combines traditional web2 game basics with a seamless web3 onboarding experience. The collaboration aims to simplify the adoption of web3 games. Honeyland becomes the first project to enable players to use the Honeyland native currency HXD to purchase, sell, and trade in-game digital assets in NFT form, allowing players to own and host their own digital assets. Additionally, the new marketplace will facilitate player-to-player transactions, promote ecosystem development, and enhance overall gaming experience.
JP Morgan Report: DeFi and NFT markets show initial signs of recovery
JPMorgan stated in a research report on Thursday that in recent months, as the expected approval of the US-listed bitcoin exchange-traded fund (ETF) improved the sentiment of the cryptocurrency market, decentralized finance (DeFi) and non-fungible token (NFT) activities have shown signs of recovery. The report stated that this growth occurred after a slowdown in the past two years, "therefore, people are optimistic that the worst period for DeFi/NFT activities may have passed in terms of the mid-term trajectory." The report also stated that the Ethereum blockchain does not seem to have benefited from the recent recovery of DeFi and NFT activities and faces issues related to "network scalability, slow transaction speed, and high fees," as well as competition from other layer-one chains.
RARI Foundation announces the launch of RARI Chain built on Arbitrum
RARI Foundation announced the launch of RARI Chain, specifically designed for NFT creators, ensuring they permanently receive royalties in every project. RARI Chain is an EVM-compatible chain built on Arbitrum and has opened its public testnet today. The chain is committed to providing a low-cost, high-performance, and developer-friendly environment for Web3 creators and developers, and enforces royalty policies at the node level.
NFTScan: The cumulative number of NFT assets issued on the chain exceeded 1.4 billion
According to NFTScan data, as of the end of November 2023, the cumulative issuance of on-chain NFT assets has exceeded 1.4 billion, which is 1,400,243,709. In addition, the current NFT market value is about $15.8 billion.
NAI starts test address collection
Token launch platform NAI has recently opened a test address collection on its official X platform (@nai_labs). It is reported that Nai Protocol is an NFTfi protocol that aims to bind the minting rights of NFTs with the corresponding project token release rights, allowing users to trade the unlocking rights of project tokens through NFTs in the early stage.
Louis Vuitton Reveals Exclusive €6K 'Mini Trunk' for NFT Owners Only
Louis Vuitton has launched a limited-edition virtual and physical mini trunk for its NFT owners, designed by artistic director Nicolas Ghesquière. The "Via Tile Trunk" is available exclusively to the 200 owners of the "Treasure Trunk" NFT who are willing to pay €6,000 on the official LV website. The trunk features LV's famous checkerboard pattern and won't be available for collection until March 2024. This is the first time Ghesquière has played a key role in one of LV's Web3 projects, as the fashion giant continues to integrate technology with designer wear.
Pudgy Penguins Launches Exclusive "Influencer Box" of Toys and Collectibles on Walmart.com for Cyber Monday
Pudgy Penguins, a successful NFT collection, has launched an exclusive "influencer box" of toys and collectibles available only through Walmart.com for Cyber Monday. The Pudgy Penguins White Celebrity Box includes a 12-inch plush toy, an action figure, a smaller clip-on plush, an igloo toy, and a certificate that lets buyers claim a free NFT for the Pudgy World gaming platform. Walmart will sell the bundle for $25, half off the list price, which may reflect the combined price of the included items. Pudgy Penguins is one of the only NFT projects that has grown substantially in USD value since the NFT market collapsed in May 2022.
Magic Eden launches plug-in wallet, first open to early testers
On November 27th, Magic Eden, an NFT marketplace, announced the launch of a plugin wallet designed specifically for Magic Eden users and cross-chain collectors. The beta version is now online and is only open to a small group of early testers. Users can apply to join the test at a designated link.
Mark Cuban: New American urban housing plans can be delivered with L2 smart contracts and NFTs
Venture capitalist Jason Calacanis posted on X platform stating, "If I were the President of the United States, my first action would be to build 10 new cities in the United States, each with 1 million housing units. These fully planned cities will have excellent affordability, walkability, sustainability, and special amenities, bringing joy to children, the elderly, and the working class. If Saudi Crown Prince MBS can do this in Saudi Arabia, we can do it in the United States. We just need determination."
Japanese gaming Square Enix will launch an NFT auction for the game “Symbiogenesis”
On November 27th, Japanese gaming developer of Final Fantasy, Square Enix, is set to launch an NFT auction for the game "Symbiogenesis". Symbiogenesis is built on the Ethereum and Polygon blockchain networks. The auction will be conducted in three stages, starting from November 27th to November 28th for the first stage, November 30th to December 1st for the second stage, and December 2nd to December 3rd for the third stage. In preparation for the release, the publisher launched whitelist access earlier this month, allowing users to participate in the auction by completing various tasks and challenges on the game's Discord chat server.
LooksRare Sunsets 24-Month Token Emissions Cycle
LooksRare, a Non-Fungible Token (NFT) marketplace, has announced the end of its 24-month token emissions cycle and is transitioning to a new contract with a new emissions pool. The platform's growth, resilience, and adaptation in the NFT space over the past two years have led to this evolution towards a new operational framework. Users who have LOOKS earning WETH or in the Compounder can migrate their LOOKS to the new contract to continue earning rewards, with migration opening on November 27th, 2024. This move demonstrates LooksRare's commitment to upgrading and improving its services to remain relevant and competitive in the NFT market.
Blue-chip NFT floor prices rebounded slightly, and DeGods floor prices rose 18.51% on the 7th
According to Blur market data on November 26th, the blue chip NFT series floor prices have shown varying degrees of recovery, including:<br>BAYC floor price of 30.43 ETH, a 7-day increase of 4.97%;<br>Azuki floor price of 6.39 ETH, a 7-day increase of 10.49%;<br>PudgyPenguins floor price of 6.2 ETH, a 7-day decrease of 6.86%;<br>MAYC floor price of 5.80 ETH, a 7-day increase of 4.6%;<br>DeGods floor price of 3.68 ETH, a 7-day increase of 18.51%.
After PFP-type NFTs are disenchanted, is the narrative abandoned, or is the true value gradually revealed?
Unlike some people who say "NFT is dead", I think NFT will certainly exist in the future. Originating from the field of art, it represents an innovation that gives digital life to content IP. It is a widely applicable tool based on Infrastructure and is u
Axie Infinity Allows Owners of Select NFTs to Create and Sell Merchandise
Axie Infinity, the popular NFT monster-battling game, is releasing official merchandise and allowing select NFT owners to create and sell their own products. Holders of 4,877 Axie NFTs will be able to create and monetize their own merch and businesses using their Mystic and Origin NFTs. The Axie team suggested that owners could start Axie-themed cafes, comics, restaurants, or toy collections thanks to the lifted restrictions. The move towards freer use of its IP echoes previous NFT collections, such as Bored Ape Yacht Club and CryptoPunks, which have similarly offered owners commercial use rights for select NFTs that they own.
LooksRare announces the start of LOOKS token burning
LooksRare officially announced on X platform that the destruction of LOOKS tokens has begun. Previously, on October 2nd, LooksRare repurchased LOOKS worth 10 ETH, with a total repurchase amount of 62.5 ETH. The repurchase funds came from YOLO, LooksRare Raffles, and Community Raffles revenue.
Matr1x Secures $10M Funding Boost for Mobile Gaming and NFTs
Matr1x, a Singaporean NFT gaming company, has secured an additional $10 million in funding, bringing its total capital value to $20 million. The funding round was led by Folius Ventures and SevenX, with participation from ABCDE Capital, Jambo, Initiate Capital, and the creators of the move-to-earn NFT game Stepn. Matr1x's flagship product is a first-person shooter mobile game called Matr1x Fire, which is still in development, and the company has also released two NFT projects with plans for a third collection. With this new funding, Matr1x is poised for a breakthrough in the gaming and NFT industries.
NFT gaming company Matr1x receives $10 million in financing
Singaporean NFT gaming company Matr1x announced on Thursday that it has raised $10 million in funding for its mobile gaming project. Folius Ventures led the latest A-2 round of financing, with cryptocurrency venture capital firm SevenX appointed as a joint lead investor. According to a statement, ABCDE Capital, Jambo, Initiate Capital, and FindSatoshi Lab (the maker of Stepn and the upcoming GasHero game) also invested.
NFT whale dingaling spent 53.14 ETH to purchase 8 Matr1x 2061 and 3 YATC
On November 23rd, according to OpenSea Pro data, NFT whale dingaling purchased 8 Matr1 x2061 for 15.14 ETH 2 hours ago. In addition, dingaling stated on social media that MATR1X FIRE is one of the undervalued GameFi projects and also purchased 3 YATC for 38 ETH.
