Rarible will adopt a new sliding fee structure, with the option to eliminate platform fees entirely
NFT market Rarible announced that starting at 9:00 am Eastern Time on October 27th, Rarible.com will adopt a new decreasing fee structure to replace the current fixed commission, and can choose to completely waive platform fees.
The new fee structure is based on the US dollar price of the NFT being traded at the time of sale, as follows: above $4,000: 0.5% for each party (buyer and seller); $2,000-$4,000: 1% for each party; $400-$2,000: 2.5% for each party; $100-$400: 5% for each party; $0-$100: 7.5% for each party.
SBI Holding becomes the official NFT issuer of Expo 2025 Osaka and will launch the commemorative NFT series "Myakuun"
Ripple Vice President Emi Yoshikawa announced on social media that SBI Holdings has been selected as the official NFT issuer for the 2025 Osaka World Expo and will issue a commemorative NFT series called "Myakuun" on the XRP Ledger blockchain. It is reported that the NFT project will be jointly responsible by two subsidiaries of SBI Holdings, SBI VC Trade and SBI NFT, both of which are Asian digital economy giants. It is expected to be launched in May 2024, one year before the opening of the Osaka World Expo. According to XPMarket data, more than 3,300 NFT collections have been built on the XRP Ledger chain, and the total number of NFT issuances on the chain has exceeded 2 million.
Sudoswap Launches Sudoshort, Allowing Users to Short NFT and Increase Profits
NFT trading protocol sudoswap announced the launch of sudoshort, a protocol aimed at increasing LP yield of liquidity pools, allowing users to short NFTs, and reducing reliance on oracles. Sudoshort is an optional protocol built on top of the sudo liquidity pool.
Metaverse Platform HYTOPIA Completed US$3 Million in Financing, Led by Delphi Ventures
October 24th, the metaverse platform HYTOPIA (formerly NFT Worlds) announced the completion of a $3 million financing round, led by Delphi Ventures, with participation from several VCs and angel investors.
It is reported that HYTOPIA integrates social functions and provides developers with a game creation toolkit inspired by Minecraft, with flexible monetization options.
NFT platform Async Art will end operations in the coming months
Golden Finance reported that NFT platform Async Art announced on X platform that it will end operations in the coming months. All Async NFTs will be saved on IPFS and will continue to exist on the chain. By the end of 2023, Async.Market will no longer support purchases, and Async.art will no longer accept new artwork submissions starting today.
PeckShield: Fake_Phishing187019 on Blur stole 5 NFTs
According to PeckShield's monitoring, Fake_Phishing187019 on Blur has stolen 5 NFTs, including 3 Dooplicators.
September Is the Worst Month for NFT Sales Since January 2021
Binance researchers have stated that September was the most severe month of NFT sales decline since January 2021. The bottom prices of major series such as Azuki, Bored Ape Yacht Club, and Mutant Ape Yacht Club have dropped by more than 25% compared to the previous month.
Binance Research: Activity on L1 Generally Declined Across the Board in Q3
Binance Research Institute has released its Q3 cryptocurrency report. The report indicates that Q3 was a challenging quarter, with a total cryptocurrency market value decrease of 8.6% compared to the previous quarter. Despite this, institutions continued to receive attention.
Layer1 and Layer2: Activities on L1 generally decreased across the board. There are signs of a revival in Ethereum L2 as trading activities are driven by the launch of Base;
As of October 12, 2023, the number of DeFi users alone has more than doubled the number of NFT and Layer 2 expansion users.
According to a recent report by Nansen, the number of daily active addresses on Ethereum has significantly increased, surpassing 300,000. Among these active addresses, DeFi entities continue to dominate. As of October 12, 2023, the number of DeFi users alone is more than twice that of NFT and Layer2 scaling users, solidifying the industry's core position in on-chain activities. NFT users once surpassed DeFi users in 2022, but then sharply declined from early 2023. In fact, the daily number of users in this field has plummeted by more than 50% since the beginning of the year. This is in stark contrast to Layer1/scaling users, whose numbers increased significantly in March, coinciding with the public mainnet release of zkSync and the airdrop of Arbitrum, and then fell back to previous levels in May. <br>
Jay Chou's "Fantasy Music Universe" has released 1 million NFTs
Jay Chou's record label, JVR Music, and the Bohe App jointly launched the "Fantasy Music Universe" and have already released 1 million NFTs since its launch a month ago. The "Fantasy Music Universe" is built on the Tron blockchain and developed based on the ERC-6551 protocol. The NFTs can be used for coupons or other forms of small prizes.
