NFT Market Report - Q1 2023
Overall, the NFT market has remained in a bear market for an extended period of time, which is reflected by reduced buyers' interests and liquidity.
Gucci to Launch Koda NFT on Otherside
Gucci has launched its first non-fungible token (NFT), KodaPendant, on Otherside, with a limited edition of 3,333 pieces. When purchased, the digital version of KodaPendant will undergo a permanent visual upgrade and can be downloaded as an image. The NFT will come with two cosmetic options for 3D avatars: Branded Chat Handle and Trail VFX. Gucci has partnered with Yuga Labs, the team behind Bored Ape Yacht Club, for the launch of KodaPendant. The NFT is tied to Otherside: Relics by Gucci, and holding KodaPendant will bring perks within the Otherside metaverse. Gucci has also announced that by the end of this year, all NFT holders will receive a piece of jewelry in physical form from Gucci, with a unique number inscribed on the back. The pendant can be purchased with Apecoin, and holders of Koda or Vessel NFT will have access to KodaPendants.
NFT Industry Hit Hard In March With 31% Decline In Revenue
Despite the broader crypto market being bullish in the past few days, the NFT industry has been battered by a sharp decrease in revenue across the board.
Yuga Labs and Gucci Team Up for Limited-Edition NFT-Backed Physical Jewelry Collection
Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has announced a collaboration with luxury fashion house Gucci to release Otherside: Relics by Gucci, a limited-edition series of physical Gucci products and associated NFTs tied into the lore of Otherside, Yuga's long-awaited ape-themed metaverse game.
How to Build a Successful NFT Marketplace: Tips, Tricks, and Strategies for Success
Non-fungible tokens (NFTs) have taken the world by storm, with the market growing at an unprecedented rate. In the first half of 2021, the total sales volume of NFTs reached $2.5 billion, up from $13.7 million in the first half of 2020.
NFT Development Services for Investment: A Comprehensive Guide
Non-fungible tokens (NFTs) are digital assets that represent ownership of unique items or collectibles, such as digital art, music, and sports memorabilia.
NFTs: How Do They Work?
Non-Fungible Tokens, or NFTs, were popularized by the game Cryptokitties built on the Ethereum blockchain. Later, more and more use cases apart from games were explored, and NFTs grew from mere game entities to millions worth of industry.
What Are the Common Security Issues in GameFi?
While GameFi is gaining popularity, it’s facing continuous and significant threats from hacks throughout its life cycle. Some projects may value speed over quality and therefore, lack robust security precautions, putting both the community and creators at risk of significant losses.
X2Y2 Becomes Second-Largest and Fastest-Growing NFT Lending Platform with $65M in Total Loans
This success has made X2Y2 the second-largest and fastest-growing NFT lending platform in the industry.
X2Y2 Achieves Significant Milestone: $65M in Total Loans on its NFT Lending Platform
According to a recent tweet, non-fungible token (NFT) lending platform X2Y2 has facilitated over $65 million in total loans, with approximately $400,000 in loans issued daily.
