💰 Polygon MATIC’s Hottest NFT Crypto Games on IQ Protocol
IQ Protocol is active in this space. In case you missed it, here’s a link to our last video about IQ Protocol. Come to think of it, renting NFTs and gaming makes perfect sense. You rent out an NFT for the duration of the game. Once the gamer stops playing, they give back the NFT. You can unlock new revenue streams for your dormant digital assets. They had a big partnership with The Red Village that successfully proved that the NFT rentals concept works and is in demand. IQ recently completed the Red Village ‘New Blood’ competition. At the same time, this was also a case study. The results are very positive. It proves that the NFT rentals concept is working. During the duration of New Blood, there were other milestones. There were around 180-200 DAUs (daily active users). No less than 25 factions competed for the main price of $10,000. Squad Faction 4 won the $10,000 cash prize. There was large social media growth. Twitter welcomed 2,500 new followers. On Discord, there were around 600 followers. Next up is the integration of Crypto Guilds. The concept is like what they did with The Red Village. This will start around now, 17th August. Crypto Guilds introduces a new NFT collection that also has new utility for renters.
IQ Protocol is active in this space. In case you missed it, here’s a link to our last video about IQ Protocol. Come to think of it, renting NFTs and gaming makes perfect sense. You rent out an NFT for the duration of the game. Once the gamer stops playing, they give back the NFT. You can unlock new revenue streams for your dormant digital assets. They had a big partnership with The Red Village that successfully proved that the NFT rentals concept works and is in demand. IQ recently completed the Red Village ‘New Blood’ competition. At the same time, this was also a case study. The results are very positive. It proves that the NFT rentals concept is working. During the duration of New Blood, there were other milestones. There were around 180-200 DAUs (daily active users). No less than 25 factions competed for the main price of $10,000. Squad Faction 4 won the $10,000 cash prize. There was large social media growth. Twitter welcomed 2,500 new followers. On Discord, there were around 600 followers. Next up is the integration of Crypto Guilds. The concept is like what they did with The Red Village. This will start around now, 17th August. Crypto Guilds introduces a new NFT collection that also has new utility for renters.
🖼 Friend.tech founders have controversial ties to failed NFT project Kosetto
Kosetto is a tradeable NFT wearables project launched last December on Ethereum. The project, which consisted of 1,689 items, sparked significant excitement with users flooding social media platforms with posts about it. However, after it had introduced a Chrome extension for its NFTs in January, the project went silent in February after promising that “something big was coming.”. OpenSea’s data shows that the floor price of the collection is currently 0.01 ETH, around $17. The last sale for the NFTs occurred in February, with its total sales volume at only 5 ETH. On X, several crypto community members have pointed out that the struggling NFT project was linked to the Friend.tech founders. Kalland pointed out that a search of 0xRacerAlt’s tweet shows that they have deleted several links to the NFT project and that the Friend.tech founder held an official position on Kosetto Discord. Friend.Tech has gathered much interest from the crypto community since its launch on Aug. 10. The decentralized social platform allows personalities to issue shares, granting access to exclusive content and chat groups. Yearn Finance developer Banteg tweeted that over 100,000 people have been given access to the platform since its launch.
Kosetto is a tradeable NFT wearables project launched last December on Ethereum. The project, which consisted of 1,689 items, sparked significant excitement with users flooding social media platforms with posts about it. However, after it had introduced a Chrome extension for its NFTs in January, the project went silent in February after promising that “something big was coming.”. OpenSea’s data shows that the floor price of the collection is currently 0.01 ETH, around $17. The last sale for the NFTs occurred in February, with its total sales volume at only 5 ETH. On X, several crypto community members have pointed out that the struggling NFT project was linked to the Friend.tech founders. Kalland pointed out that a search of 0xRacerAlt’s tweet shows that they have deleted several links to the NFT project and that the Friend.tech founder held an official position on Kosetto Discord. Friend.Tech has gathered much interest from the crypto community since its launch on Aug. 10. The decentralized social platform allows personalities to issue shares, granting access to exclusive content and chat groups. Yearn Finance developer Banteg tweeted that over 100,000 people have been given access to the platform since its launch.
Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by a significant 34.66%. This week, NFT sales showed a minor dip, declining by 1.18% compared to the previous week. Out of the $107.05 million in NFT transactions, a significant 61% or $65.86 million originated from the Ethereum blockchain.
Furthermore, sales of ETH-based NFTs climbed by 7.41% from the prior week. Solana trailed behind Ethereum, boasting sales of around $9.64 million, marking a 4.8% uptick. Together, these eight blockchains constituted a commanding 96.49% of this week’s total NFT sales.
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by a significant 34.66%. This week, NFT sales showed a minor dip, declining by 1.18% compared to the previous week. Out of the $107.05 million in NFT transactions, a significant 61% or $65.86 million originated from the Ethereum blockchain.
Furthermore, sales of ETH-based NFTs climbed by 7.41% from the prior week. Solana trailed behind Ethereum, boasting sales of around $9.64 million, marking a 4.8% uptick. Together, these eight blockchains constituted a commanding 96.49% of this week’s total NFT sales.
🔫 DatChat Reaches Milestone of Over 75,000 Users on Its AI-Powered Habytat Metaverse
DatChat (Nasdaq: DATS), a private messaging, social media, and metaverse company, announced today that it has reached a milestone of over 75,000 active users in its Habytat metaverse. Habytat is growing at a rate of approximately 1,200 to 2,500 new members daily and the Company's recently released AI-powered HabyPets are already receiving accelerated adoption. As of now, HabyPets has four different popular dog breeds. Coming soon is an interactive dog park. Habytat is the ultimate metaverse experience that offers a unique feature: giving users free NFT-deeded land and a house that users own and are backed by the Company’s proprietary AI and machine learning engine. Habytat’s mobile app is available in the Apple App Store and Google Play store and has been localized for Spanish-speaking countries. The virtual world has realistic art, daily rewards, games, and much more. The official in-world currency of the Habytat Metaverse, earned through participation on the DatChat Social Network+ or through the Habytat, is called Nirad. It can be used to upgrade properties and experiences throughout the Habytat.
DatChat (Nasdaq: DATS), a private messaging, social media, and metaverse company, announced today that it has reached a milestone of over 75,000 active users in its Habytat metaverse. Habytat is growing at a rate of approximately 1,200 to 2,500 new members daily and the Company's recently released AI-powered HabyPets are already receiving accelerated adoption. As of now, HabyPets has four different popular dog breeds. Coming soon is an interactive dog park. Habytat is the ultimate metaverse experience that offers a unique feature: giving users free NFT-deeded land and a house that users own and are backed by the Company’s proprietary AI and machine learning engine. Habytat’s mobile app is available in the Apple App Store and Google Play store and has been localized for Spanish-speaking countries. The virtual world has realistic art, daily rewards, games, and much more. The official in-world currency of the Habytat Metaverse, earned through participation on the DatChat Social Network+ or through the Habytat, is called Nirad. It can be used to upgrade properties and experiences throughout the Habytat.
Tornado Cash founders, Roman Storm and Roman Semenov, were charged today for money laundering and sanctions violations.
According to the indictment, the founders facilitated more than $1 billion in money laundering transactions, and laundered hundreds of millions of dollars for the Lazarus Group, a North Korean cybercrime organization.
According to the indictment, the founders facilitated more than $1 billion in money laundering transactions, and laundered hundreds of millions of dollars for the Lazarus Group, a North Korean cybercrime organization.
🖼 Donald Trump NFTs Surge After Tucker Carlson Interview
Prices and volumes of Donald Trump’s NFT collections surged on Thursday after an interview with media personality Tucker Carlson on X, formerly Twitter, went viral - amassing 110 million views within hours of its airing. As of European afternoon hours, the Polygon-based Trump Digital Trading Cards were selling for over 0.13 ether (ETH), or just over $215, up from 0.1 ETH, or $150, last week. The collection has amassed over 17 ether in trading volume, according to data from NFT marketplace OpenSea. Trump released the collection of 45,000 fantasy cards last December for $99 apiece, featuring images of him in a style similar to collectible baseball cards. The collection has over 13,000 unique holders as of Thursday. Collectors who purchased one of the digital trading cards are automatically entered into a "sweepstakes" to receive "experiences" with Trump, including a Zoom call, a dinner in Miami, or a cocktail hour at Mar-a-Lago, as CoinDesk previously reported. The cards sold out quickly at the time. As of Thursday, data shows a wallet tagged "6D65A7" holds the highest individual Trump NFTs with 602 cards followed by 72F891 at 500 cards. Neither of the two holders has listed his or her NFTs for sale.
Prices and volumes of Donald Trump’s NFT collections surged on Thursday after an interview with media personality Tucker Carlson on X, formerly Twitter, went viral - amassing 110 million views within hours of its airing. As of European afternoon hours, the Polygon-based Trump Digital Trading Cards were selling for over 0.13 ether (ETH), or just over $215, up from 0.1 ETH, or $150, last week. The collection has amassed over 17 ether in trading volume, according to data from NFT marketplace OpenSea. Trump released the collection of 45,000 fantasy cards last December for $99 apiece, featuring images of him in a style similar to collectible baseball cards. The collection has over 13,000 unique holders as of Thursday. Collectors who purchased one of the digital trading cards are automatically entered into a "sweepstakes" to receive "experiences" with Trump, including a Zoom call, a dinner in Miami, or a cocktail hour at Mar-a-Lago, as CoinDesk previously reported. The cards sold out quickly at the time. As of Thursday, data shows a wallet tagged "6D65A7" holds the highest individual Trump NFTs with 602 cards followed by 72F891 at 500 cards. Neither of the two holders has listed his or her NFTs for sale.
The Monument Game sale has officially closed, raising 1,117 ETH ($1.85M)
The Monument Game kicked off August 21 on Nifty Gateway with the sale of more than 256 “Player” tickets that enabled holders to compete for three Skulls of Luci by co-creating stories within Spratt’s new 1/1 artwork, “IX. The Monument Game,” over the course of four days. The Council of Luci will now determine the winners.
Selling out in seconds, the “Player” sale raised 696 ETH ($1.1 million), while the 1/1 artwork auction closed at 420.69 ETH ($698k) today.
The Monument Game kicked off August 21 on Nifty Gateway with the sale of more than 256 “Player” tickets that enabled holders to compete for three Skulls of Luci by co-creating stories within Spratt’s new 1/1 artwork, “IX. The Monument Game,” over the course of four days. The Council of Luci will now determine the winners.
Selling out in seconds, the “Player” sale raised 696 ETH ($1.1 million), while the 1/1 artwork auction closed at 420.69 ETH ($698k) today.
🖼 ZTX Unveils Genesis Home Mint in Collaboration with OpenSea, Revolutionizing NFT Ecosystem
ZTX, a pioneering project dedicated to creating an immersive 3D open world within the NFT ecosystem, has taken a momentous leap by introducing the Genesis Home Mint. In collaboration with the prominent NFT marketplace OpenSea, ZTX is poised to redefine the landscape of virtual experiences. This groundbreaking event is scheduled for August 30 and 31, drawing the vibrant ZTX community and creators into a realm of unprecedented possibilities. Notably, the use of Ethereum (ETH) layer two scaling solution Arbitrum (ARB) will facilitate the minting process for Genesis Home investors. NFT enthusiasts looking to purchase via the Arbitrum L2 network must seamlessly integrate Arbitrum into their wallets and bridge their ETH to Arbi ETH. The partnership between ZTX and OpenSea has garnered praise from Oliver Maroney, Head of Gaming Partnerships at OpenSea, who emphasized the potential of NFT-powered games to introduce blockchain technology to new users and catalyze evolution within the gaming industry. The ZTX Web3 platform has committed substantial resources and meticulous planning to ensure the success of the Genesis Home Mint. The endeavor encompassed two distribution phases: the pre-sale and the main sale. The pre-sale phase concluded on August 23, with all 2,000 available NFT units rapidly claimed by investors.
ZTX, a pioneering project dedicated to creating an immersive 3D open world within the NFT ecosystem, has taken a momentous leap by introducing the Genesis Home Mint. In collaboration with the prominent NFT marketplace OpenSea, ZTX is poised to redefine the landscape of virtual experiences. This groundbreaking event is scheduled for August 30 and 31, drawing the vibrant ZTX community and creators into a realm of unprecedented possibilities. Notably, the use of Ethereum (ETH) layer two scaling solution Arbitrum (ARB) will facilitate the minting process for Genesis Home investors. NFT enthusiasts looking to purchase via the Arbitrum L2 network must seamlessly integrate Arbitrum into their wallets and bridge their ETH to Arbi ETH. The partnership between ZTX and OpenSea has garnered praise from Oliver Maroney, Head of Gaming Partnerships at OpenSea, who emphasized the potential of NFT-powered games to introduce blockchain technology to new users and catalyze evolution within the gaming industry. The ZTX Web3 platform has committed substantial resources and meticulous planning to ensure the success of the Genesis Home Mint. The endeavor encompassed two distribution phases: the pre-sale and the main sale. The pre-sale phase concluded on August 23, with all 2,000 available NFT units rapidly claimed by investors.
Doodles has joined forces with Crocs to merge the physical and digital realms .
Spearheading the collection is a set of exclusive Doodles x Crocs Classic Clogs and accompanying Jibbitz charms crafted by Burnt toast, the co-founder of Doodles.
Each Doodles x Crocs Classic Clog Bundle comes with a redeemable “Crocs Box” digital collectible.
While the collection will be available to buy on August 29, Doodles’ OG holders will be granted exclusive access a day prior, on Monday, August 28.
Doodles holders will get a discounted price of $99 and the price will be $120 for non-holders.
Spearheading the collection is a set of exclusive Doodles x Crocs Classic Clogs and accompanying Jibbitz charms crafted by Burnt toast, the co-founder of Doodles.
Each Doodles x Crocs Classic Clog Bundle comes with a redeemable “Crocs Box” digital collectible.
While the collection will be available to buy on August 29, Doodles’ OG holders will be granted exclusive access a day prior, on Monday, August 28.
Doodles holders will get a discounted price of $99 and the price will be $120 for non-holders.
🖼 IRS Sets Sights On Decentralized Exchanges and NFTs With Proposed Tax Rules
The DeFi community is up in arms over new tax guidance from the U.S. Treasury Department for crypto exchanges, hosted wallet providers, and payment processors. On Aug. 25, The Treasury Department released a nearly 300-page-long document in response to the 2021 Infrastructure Investment and Jobs Act, which outlined crypto token reporting requirements for various ecosystem participants. The proposed changes are slated to take effect for the 2025 tax year. The rules make an effort to provide clarity, with definitions for what businesses constitute crypto brokers as well as a new tax form, 1099-DA, that such brokers will be required to file. Decentralized exchanges (DEXs), NFT trading platforms, and wallet providers that offer services related to the trading of digital assets appear to be deemed brokers, meaning they would be required to comply with the proposed regulations. The proposed rules impose reporting requirements for brokers of all types of digital assets, including stablecoins, cryptocurrencies, and non-fungible tokens (NFTs). These intermediaries would also be required to collect and share information about their customers with the IRS.
The DeFi community is up in arms over new tax guidance from the U.S. Treasury Department for crypto exchanges, hosted wallet providers, and payment processors. On Aug. 25, The Treasury Department released a nearly 300-page-long document in response to the 2021 Infrastructure Investment and Jobs Act, which outlined crypto token reporting requirements for various ecosystem participants. The proposed changes are slated to take effect for the 2025 tax year. The rules make an effort to provide clarity, with definitions for what businesses constitute crypto brokers as well as a new tax form, 1099-DA, that such brokers will be required to file. Decentralized exchanges (DEXs), NFT trading platforms, and wallet providers that offer services related to the trading of digital assets appear to be deemed brokers, meaning they would be required to comply with the proposed regulations. The proposed rules impose reporting requirements for brokers of all types of digital assets, including stablecoins, cryptocurrencies, and non-fungible tokens (NFTs). These intermediaries would also be required to collect and share information about their customers with the IRS.
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A federal judge in Washington D.C. has made a ruling that states copyright cannot be granted to art created solely by AI without human input.
This means only art created by humans can be copyrighted.
The case was brought to court after the U.S. Copyright Office denied Stephan Thaler's copyright requests for his AI-generated image.
The judge's explanation was that AI-generated art does not meet the necessary criteria for copyright protection, as it lacks human creativity.
With AI's growing role in art creation, copyright issues are expected to become more prevalent.
This means only art created by humans can be copyrighted.
The case was brought to court after the U.S. Copyright Office denied Stephan Thaler's copyright requests for his AI-generated image.
The judge's explanation was that AI-generated art does not meet the necessary criteria for copyright protection, as it lacks human creativity.
With AI's growing role in art creation, copyright issues are expected to become more prevalent.
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🖼 Blue-Chip NFTs Struggle, Floor Prices Drop Over 25% in 30 Days: Report
Although the NFT market has recorded significant losses in recent months, the sector has gained adoption in several real-world use cases. Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens (NFTs) are struggling, and their floor prices have plunged significantly. According to the firm, the floor prices of most blue-chip NFTs crashed by more than 25% in the last 30 days. At the same time, the prices of a few collections recorded significant growth. Blue-chip NFTs are collectibles expected to have sustainable long-term value because of their cultural significance, historical trading activity, collector demand, rarity, and strong fundamentals. An NFT floor price is the lowest amount for which an asset within a collection can be bought or sold. It is updated in real-time, recorded in ether (ETH), and gives insight into the activity and health of an NFT. The past month has been unkind to top NFT collections like the Bored Ape Yacht Club (BAYC), DeGods, CryptoPunks, Azuki, Mutant Ape Yacht Club (MAYC), and Moonbirds. DeGods was hit the hardest with a 55% crash, while collections like Azuki Elementals and BAYC followed with 48% and 27% declines, respectively. The floor price of CryptoPunks recorded a minimal plunge of 4.26%. MAYC and Moonbirds also saw declines of 20% and 26%.
Although the NFT market has recorded significant losses in recent months, the sector has gained adoption in several real-world use cases. Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens (NFTs) are struggling, and their floor prices have plunged significantly. According to the firm, the floor prices of most blue-chip NFTs crashed by more than 25% in the last 30 days. At the same time, the prices of a few collections recorded significant growth. Blue-chip NFTs are collectibles expected to have sustainable long-term value because of their cultural significance, historical trading activity, collector demand, rarity, and strong fundamentals. An NFT floor price is the lowest amount for which an asset within a collection can be bought or sold. It is updated in real-time, recorded in ether (ETH), and gives insight into the activity and health of an NFT. The past month has been unkind to top NFT collections like the Bored Ape Yacht Club (BAYC), DeGods, CryptoPunks, Azuki, Mutant Ape Yacht Club (MAYC), and Moonbirds. DeGods was hit the hardest with a 55% crash, while collections like Azuki Elementals and BAYC followed with 48% and 27% declines, respectively. The floor price of CryptoPunks recorded a minimal plunge of 4.26%. MAYC and Moonbirds also saw declines of 20% and 26%.
Sol Network Record $1.3 Million NFT Sales in 24 Hours
The Solana season is upon us as the blockchain records some mad sales volume in the past 24 hours and the seven-day sales. Apparently, more traders are participating in the network and making more sales. This is after the terrible market crash that saw Bitcoin decrease by more than 9%. Let’s jump in and see how Solana achieved these impressive feats. The Solana blockchain is seeing a massive increase in NFT sales.
Over one week, the Solana network recorded a whopping over $10 million in sales in NFTs. Moreover, this represents more than an 8% increase in the weekly sales volume. Apparently, the only place Solana is missing out is the 30-day sales volume in the NFT market. Solana and Polygon continue to battle each other over the 30-day sales volume. But it seems the Solana season is having a huge impact.
The Solana season is upon us as the blockchain records some mad sales volume in the past 24 hours and the seven-day sales. Apparently, more traders are participating in the network and making more sales. This is after the terrible market crash that saw Bitcoin decrease by more than 9%. Let’s jump in and see how Solana achieved these impressive feats. The Solana blockchain is seeing a massive increase in NFT sales.
Over one week, the Solana network recorded a whopping over $10 million in sales in NFTs. Moreover, this represents more than an 8% increase in the weekly sales volume. Apparently, the only place Solana is missing out is the 30-day sales volume in the NFT market. Solana and Polygon continue to battle each other over the 30-day sales volume. But it seems the Solana season is having a huge impact.
🖼 Starknet’s Quantum Leap NFT Drop Sparks Aug 30 Commemorative Frenzy!
Starknet has just unveiled an exciting plan on platform X that is set to captivate enthusiasts and collectors alike. The Starknet community is gearing up to release a special commemorative NFT, heralding the remarkable “quantum leap” achieved by the Starknet mainnet. This commemorative NFT release is poised to mark a significant milestone in the platform’s journey. Scheduled for release on August 30, it holds the promise of being a coveted piece in the world of digital collectibles. The “quantum leap” signifies a monumental achievement for SN’s mainnet, and the decision to celebrate it with an NFT showcases the community’s innovative and creative spirit. NFTs have surged in popularity due to their uniqueness and ability to encapsulate moments in a blockchain-based format, making them highly sought-after among crypto aficionados. Starknet’s move to commemorate their “quantum leap” with an NFT is a testament to the broader trend within the blockchain space. It underscores the technology’s capacity to document achievements and milestones in an innovative and engaging manner. The NFT not only symbolizes technological progress but also serves as a token of the community’s journey and accomplishments.
Starknet has just unveiled an exciting plan on platform X that is set to captivate enthusiasts and collectors alike. The Starknet community is gearing up to release a special commemorative NFT, heralding the remarkable “quantum leap” achieved by the Starknet mainnet. This commemorative NFT release is poised to mark a significant milestone in the platform’s journey. Scheduled for release on August 30, it holds the promise of being a coveted piece in the world of digital collectibles. The “quantum leap” signifies a monumental achievement for SN’s mainnet, and the decision to celebrate it with an NFT showcases the community’s innovative and creative spirit. NFTs have surged in popularity due to their uniqueness and ability to encapsulate moments in a blockchain-based format, making them highly sought-after among crypto aficionados. Starknet’s move to commemorate their “quantum leap” with an NFT is a testament to the broader trend within the blockchain space. It underscores the technology’s capacity to document achievements and milestones in an innovative and engaging manner. The NFT not only symbolizes technological progress but also serves as a token of the community’s journey and accomplishments.
Investors of $PEPE were (understandably) alarmed on August 24th after millions of dollars worth of $PEPE were suddenly transferred to crypto exchanges, including Binance, OKX, and Bybit.
Thursday’s sudden surge of over 16 trillion $PEPE tokens naturally created apprehension among investors, also causing a subsequent drop in its trading price.
This strangely followed what appears to be an even more alarming phenomenon – changing the number of required crypto wallets required to “sign off” on a transaction that authorizes the crypto transaction to go through.
PEPE's multi-sig wallet previously required approval from five out of eight designated wallets (5/8 signatures) to authorize any given transaction. The threshold was reduced to just 2/8 signatures.
On Friday (Aug. 25), the official PEPE Twitter account posted a lengthy explanation, claiming that three ex-team members had stolen the funds.
Thursday’s sudden surge of over 16 trillion $PEPE tokens naturally created apprehension among investors, also causing a subsequent drop in its trading price.
This strangely followed what appears to be an even more alarming phenomenon – changing the number of required crypto wallets required to “sign off” on a transaction that authorizes the crypto transaction to go through.
PEPE's multi-sig wallet previously required approval from five out of eight designated wallets (5/8 signatures) to authorize any given transaction. The threshold was reduced to just 2/8 signatures.
On Friday (Aug. 25), the official PEPE Twitter account posted a lengthy explanation, claiming that three ex-team members had stolen the funds.
💰 Blur Dominates 60% of the NFT Market on Ethereum: Messari Report
Messari, a platform that analyzes blockchain data, recently shared a new report. The report discusses Blur as a significant player in the NFT market on Ethereum. Blur is responsible for about 60% of all NFT transactions on Ethereum. This boost is largely due to an event where Blur gave away free tokens (airdrop) in February 2023. This event and ongoing activities have made Blur’s NFT marketplace very popular. Blur launched in October 2022, and it quickly got even more attention than the leading OpeaSea, a much bigger and famous platform. Blur became even more well-known after the airdrop on February 14. Before the airdrop, Blur was doing 48% of the trading on the NFT market. After the airdrop, Blur’s share went up to 78%. OpenSea’s share fell by 21% after this remarkable rise of Blur. As of today, Data from Dune Analytics shows that Blur has more daily NFT transactions than OpenSea. Despite the overall decline and fall of the NFT market, people are no longer interested in NFTS. But Blur has maintained its pace among other famous platforms. Over the course of the past year, there has been a great decline in the amount of interest shown in NFTs. The interest rate reached its highest point around February. Afterwards, The market capitalization of NFTs and sales volume has been decreasing.
Messari, a platform that analyzes blockchain data, recently shared a new report. The report discusses Blur as a significant player in the NFT market on Ethereum. Blur is responsible for about 60% of all NFT transactions on Ethereum. This boost is largely due to an event where Blur gave away free tokens (airdrop) in February 2023. This event and ongoing activities have made Blur’s NFT marketplace very popular. Blur launched in October 2022, and it quickly got even more attention than the leading OpeaSea, a much bigger and famous platform. Blur became even more well-known after the airdrop on February 14. Before the airdrop, Blur was doing 48% of the trading on the NFT market. After the airdrop, Blur’s share went up to 78%. OpenSea’s share fell by 21% after this remarkable rise of Blur. As of today, Data from Dune Analytics shows that Blur has more daily NFT transactions than OpenSea. Despite the overall decline and fall of the NFT market, people are no longer interested in NFTS. But Blur has maintained its pace among other famous platforms. Over the course of the past year, there has been a great decline in the amount of interest shown in NFTs. The interest rate reached its highest point around February. Afterwards, The market capitalization of NFTs and sales volume has been decreasing.
