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.
