🖼 NFT Market Booms With 35% Sales Increase as Cryptocurrencies Rally

As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period.

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NFTs | OpenSea | News

🖼 Bitcoin leads charge as weekly NFT sales skyrocket to over $423m

The Bitcoin (BTC) network registered the most non-fungible token (NFT) sales in the past week, as overall transactions totaled a staggering $423,004,860. According to data compiled by Cryptoslam.io, Bitcoin emerged as the dominant force in NFT transactions, leading the charge with $160.37 million in sales, representing a remarkable surge of 80.45%. Ethereum (ETH) closely trailed behind, with $159.64 million in transactions, marking a respectable 14.41% uptick in ETH-based NFT sales.

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NFTs | OpenSea | News

🔫 Nokia’s 2030 Strategy Aims for Metaverse Expansion

Nokia, a telecommunications infrastructure company, expects a surge in network usage due to advancements in the metaverse, Web3, and AI, and aims to address this demand by 2030. In their Technology Strategy 2030 report, Nokia emphasizes the need to develop a future network architecture to accommodate the evolving market for emerging technologies.

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NFTs | OpenSea | News

🖼 Reddit NFT Avatars Surge Past $1.5M in Daily Trades on Polygon, Hitting New Highs

Reddit's venture into non-fungible tokens (NFTs) has marked a significant milestone, with trading volumes of its NFT avatar collection surpassing $1.5 million in the last 24 hours, according to recent data from Polygon and Dune Analytics. This surge accounts for over a third of the collection's total trading volume, which has escalated to $4.1 million since its inception. Concurrently, the platform witnessed a record-setting daily sales volume, with 3,780 digital collectibles exchanging hands, showcasing the growing interest and investment in digital art and collectibles.

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🔫 Yuga Labs tests its Bored Apes-themed Otherside Metaverse

Yuga Labs begins testing its Bored Apes-themed Otherside Metaverse, designed for players to choose their own fun, in the sense that players must regulate their own exposures. This was done to the advantage of a few NFT owners. A variety of responses were received from the users. The product is still in its early stages. In their opinion, all portions of the APES COME HOME exposure were positive, and their children enjoyed it as well. Due to the imagery, the effect was surreal.

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🔫 Sony’s “Super-Fungible Token” System Reveals Plan for NFT-Powered Gaming Assets

Sony has filed a patent for a new “super-fungible token” (SFT) system that aims to revolutionize how players own and interact with in-game assets and collectibles. The technology seeks to provide gamers with greater flexibility and control over their virtual items, potentially transforming the way we think about in-game ownership and economies.

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💰 Bitcoin halving will spur ‘surge’ in NFT volume

Bitcoin halving looms closer, professionals working in the nonfungible token (NFT) space anticipate that the crypto milestone will not only affect crypto tokens but may also positively impact the NFT ecosystem. Oscar Franklin Tan, the chief financial officer of Atlas Development, a core contributor to the NFT platform Enjin, believes that NFT prices will “surge after the halving.” The executive argued that this is part of a known cycle where interest in Bitcoin spills over other ecosystems like NFTs.

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🖼 NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter

Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, a source familiar with the matter told TechCrunch. “As we plan for our next stage of growth, Sorare has made the decision to centralize some of our functions at our Paris HQ,” Nicolas Julia, the co-founder and CEO of Sorare, told TechCrunch through email.

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🖼 NFT Platform Lost Worlds Launches Creation Portal to Enable Simplified GeoNFT Minting

Location-based NFT platform Lost Worlds has launched a new Creation Portal, enabling users to create and deploy geographically-linked digital collectibles (geoNFTs) with unprecedented ease. Previously, creating and deploying geoNFTs required direct coordination with the Lost Worlds team. The Creation Portal changes this, opening the doors to anyone – from individual enthusiasts to large-scale projects – interested in crafting and exploring geoNFTs across any supported blockchain.

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📉 Floor Prices Of Top 🖼 NFT Collections Crash As Cryptocurrencies Rally

NFTs are underperforming the broader crypto markets amid the latest leg of bullish momentum posted by ETH and BTC. Token listings on Blur, the leading NFT marketplace, show five of the top six collections by daily volume suffering losses of between 20% and 37% when measured in ETH over the past seven days. The latter three collections also suffered losses of between 15% and 20% against USD over the same period, while BAYC tumbled 5%, according to NFT Price Floor.

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🖼 NFT platform Zora is offering a novel way for AI model makers to earn money

Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said on Chain Reaction. The Zora Network is built on top of the layer-2 blockchain Optimism, which focuses on growing the Ethereum ecosystem. Since it was founded in 2020, Zora has had over $300 million in secondary sales, users have minted, or posted, over 4 million NFTs and it has about 1 million unique collectors, according to its website.

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NFTs | OpenSea | News

🔫 Busta Rhymes Brings Hip-Hop to the Metaverse

TCG World, an online virtual community sandbox, has joined forces with Chooky Records, the music label, to introduce a chart-topping hit to the metaverse. The focal point of this collaboration is the highly anticipated premiere of the official “Chooky” music video within the TCG World metaverse. Featuring the vocal talents of Nigerian artist O.T., Australian/Japanese singer Elesia Iimura, and legendary hip-hop icon Busta Rhymes, the “Chooky” track took the music world by storm in 2023.

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NFTs | OpenSea | News

🖼 NFT Market Flourishes With an 11.62% Rise This Week

Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains.

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NFTs | OpenSea | News

🖼 Musée d’Orsay Breaks New Ground with On-Chain Exhibition and NFT Auction

The Musée d’Orsay, a renowned museum in Paris, is venturing into the world of blockchain and digital art with its first-ever commission of an on-chain NFT exhibition. These five single-edition NFTs (non-fungible tokens), minted on the Tezos blockchain, are a result of a captivating art installation and social experiment currently on display as part of the museum’s digital-themed exhibition, “Le Code d’Orsay.”

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🟠 Binance exit sparks fears and opportunities in Nigeria’s crypto community

According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit. In separate interviews with Cointelegraph, local crypto stakeholders said the delisting of Nigerian naira-related services from Binance will lead to the rise of new crypto exchanges, which will fill the vacuum created by Binance’s exit by complying with local regulations.

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🖼 Crypto Gambinos Focuses on NFT Sales After Successful $MOBCOIN Launch

Crypto Gambinos, a project developed by Phantom Labs Pty Ltd, has successfully launched its native cryptocurrency, $MOBCOIN. With the $MOBCOIN presale complete, the token is now publicly available for trading on Uniswap. The NFT collection, available for minting on the Crypto Gambinos website, features a narrative centered around a character's evolution within a family hierarchy. The collection includes a range of characters, each with varying degrees of rarity, and totals 7,777 NFTs.

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NFTs | OpenSea | News

🖼 Bored Apes and Other Yuga Ethereum NFTs Are Shedding Value

Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price.

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