Solana: Assessing the State of NFT Prices and Trading Volume
Solana network has seen a steep decline in its count of monthly NFT trades completed since September 2022. With 349,937 NFT trades completed on Solana this month, there has been a 63% drop from the 944,010 total NFT trades completed in January.
NFT Sales Drop 5.4% to $193M, Ethereum Dominates with $107M in Sales: Weekly Recap
Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period.
CryptoPunk 685 Accidentally Destroyed in Failed NFT Transaction
According to transaction data on Etherscan, CryptoPunk 685 was accidentally burnt during a failed encapsulation transaction. The original owner of the NFT was vitalitygrowth.eth, who purchased Punk 685 for 77 ETH about two weeks ago.
Sotheby’s Oddly Satisfying NFT Auction Disappoints, Top Work Lands Paltry $54,600
Sotheby’s, the 279 year-old auction house that began showcasing NFTs in 2021, appears to have brokered what could be its most disappointing digital art showcase yet.
Dubbed “Oddly Satisfying,” a collection inspired by a popular subreddit of the same name, the auction of 58 lots yielded middling results at best. The top-selling piece, “Eternity” by the artist Anyma, nabbed €50,800 ($54,600). That was below Sotheby’s estimated closing price of between €70,000 and €100,000.
Amazon's NFT Plans Teased in a Receipt Mailed Friday Afternoon
On Friday afternoon, CoinDesk's managing editor for global policy and regulation, Nikhilesh De, received an email from an official Amazon account appearing to confirm the existence of digital tokens and a gallery on the e-commerce platform.
Virtual Worlds Achieve Record-Breaking Performance in Q1 of 2023
According to a recent report from DappRadar, the first quarter of 2023 witnessed an impressive surge in trading volume for digital land, with a staggering 277.12% increase of $311 million.
Fractional NFT Marketplace Development — The Future of Digital Asset Trading
In recent years, NFTs have emerged as a revolutionary innovation in the world of blockchain technology.
XLABEL Develops Tarzan NFT Collection on Ethereum Blockchain
Digital fashion studio XLABEL has struck a deal with the estate of Edgar Rice Burroughs, the creator of Tarzan, to develop a multi-year licensing deal on the Ethereum blockchain. The studio will create a 9,999-token NFT collection featuring Tarzan: Lord of the Apes, which will retail for 0.05 ETH ($90) each to an allowlist that will launch on 28 March, with a public sale commencing the following day for 0.06 ETH ($110) each.
Crypto Evening Briefing: Nasdaq Eyes Crypto Custody Launch by End of Second Quarter
Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.
NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters
Non-fungible token (NFT) and gaming investor Animoca Brands has reduced the target for its metaverse fund by 20% to $800 million, Reuters reported on Friday, citing two people familiar with the matter.
