🖼 NFT sales and pricing driven by luck, scarcity and optimism, according to studies
A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the nonfungible token (NFT) market. Across three independent studies, researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the United States, and Rennes School of Business in France found that personal experiences and luck. In a study conducted by Guneet Kaur Nagpal of Western University and Luc Renneboog of Tilburg University titled “On Non-fungible Tokens, Blockchain Hypes, and the Creation of Scarcity,” the researchers analyzed the market dynamics of CryptoPunks, a popular collection of NFT assets. “CryptoPunks,” write the researchers, “are among the most valued Non-Fungible Tokens (NFTs), with remarkable sales such as CP #5822 fetching USD 23.7 million in February 2022, and CP #7523 obtaining USD 11.8 million in December 2021.” The fact that individual crypto investors with negative experiences with cryptocurrencies.
A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the nonfungible token (NFT) market. Across three independent studies, researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the United States, and Rennes School of Business in France found that personal experiences and luck. In a study conducted by Guneet Kaur Nagpal of Western University and Luc Renneboog of Tilburg University titled “On Non-fungible Tokens, Blockchain Hypes, and the Creation of Scarcity,” the researchers analyzed the market dynamics of CryptoPunks, a popular collection of NFT assets. “CryptoPunks,” write the researchers, “are among the most valued Non-Fungible Tokens (NFTs), with remarkable sales such as CP #5822 fetching USD 23.7 million in February 2022, and CP #7523 obtaining USD 11.8 million in December 2021.” The fact that individual crypto investors with negative experiences with cryptocurrencies.
🔫 Fortnite embraces the metaverse with 3 new ambitious games
LEGO Fortnite is described as “the ultimate survival crafting LEGO adventure,” introducing “vast, open worlds where the magic of LEGO building and Fortnite collide. Designed for people of all ages to enjoy together, the game will encourage creativity, experimentation and collaboration through play.” Rocket Racing meanwhile will be “a supersonic arcade racer where players drift, fly, and boost with friends through an ever-growing selection of tracks”. Developed by Psyonix of Rocket League fame, this new mode offers a much more robust racing experience when compared to the standard Fortnite karting seen across the BR map. Last but certainly not least is Fortnite Festival: “a new music game where players can play in a band with friends or perform solo on stage with hit music by their favourite artists”. As with Rocket Racing, this rhythm game is developed by an Epic Games subsidiary – Harmonix – known best for creating both Guitar Hero. LEGO Fortnite will go live on the 7th of December, with Rocket Racing following closely just one day later on the 8th – and Fortnite Festival bringing up the rear on the 9th of December.
LEGO Fortnite is described as “the ultimate survival crafting LEGO adventure,” introducing “vast, open worlds where the magic of LEGO building and Fortnite collide. Designed for people of all ages to enjoy together, the game will encourage creativity, experimentation and collaboration through play.” Rocket Racing meanwhile will be “a supersonic arcade racer where players drift, fly, and boost with friends through an ever-growing selection of tracks”. Developed by Psyonix of Rocket League fame, this new mode offers a much more robust racing experience when compared to the standard Fortnite karting seen across the BR map. Last but certainly not least is Fortnite Festival: “a new music game where players can play in a band with friends or perform solo on stage with hit music by their favourite artists”. As with Rocket Racing, this rhythm game is developed by an Epic Games subsidiary – Harmonix – known best for creating both Guitar Hero. LEGO Fortnite will go live on the 7th of December, with Rocket Racing following closely just one day later on the 8th – and Fortnite Festival bringing up the rear on the 9th of December.
🔫 JP Morgan Looking Forward to Testing ‘Immersive Training Applications’ of Metaverse
The world of banking is gearing up to explore the use cases of up-and-coming technologies like Artificial Intelligence (AI) and the metaverse to benefit their present working conditions. JP Morgan, for instance, is excitedly looking to try out immersive training applications for new bank staff members, all through the metaverse technology. The idea was recently shared by Blair MacIntyre who serves as the Managing Director (MD) and the global head of immersive technology at the US-headquartered bank. Speaking on MIT's Business Lab podcast, MacIntyre said that newly joining staff members could benefit from stepping into an immersive virtual ecosystem rather than having them watch videos or go through presentations, EfinancialCareers said in a report. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time. As part of his vision of ushering-in an immersive era of hiring, MacIntyre wishes to bring together the technologies of Augmented Reality (AR) and Virtual Reality (VR) into the day-to-day office working like gathering for meetings.
The world of banking is gearing up to explore the use cases of up-and-coming technologies like Artificial Intelligence (AI) and the metaverse to benefit their present working conditions. JP Morgan, for instance, is excitedly looking to try out immersive training applications for new bank staff members, all through the metaverse technology. The idea was recently shared by Blair MacIntyre who serves as the Managing Director (MD) and the global head of immersive technology at the US-headquartered bank. Speaking on MIT's Business Lab podcast, MacIntyre said that newly joining staff members could benefit from stepping into an immersive virtual ecosystem rather than having them watch videos or go through presentations, EfinancialCareers said in a report. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time. As part of his vision of ushering-in an immersive era of hiring, MacIntyre wishes to bring together the technologies of Augmented Reality (AR) and Virtual Reality (VR) into the day-to-day office working like gathering for meetings.
🖼 Enjin Beam upscales NFT allocation options
Enjin Beam has enhanced its NFT allocation tool with the addition of an advanced Claim Conditions option. Developers will be able to provide NFT rewards for certain behaviors, such as accomplishing tasks and holding their NFTs, as a result of this. Claim conditions strengthen the user’s ability to establish the need to obtain their NFTs. This, in turn, improves the interactive exposure of giveaways while remaining in sync with the allocation of their drops with their creative objectives. Various conditions have been introduced and tailor-made to meet every need. The first is the ENJ holdings, which is a pre-calculated quantity of ENJ that is required for proper user identification. The NFT ownership of a specific NFT can thus be established as a prerequisite, expanding the NFT’s potential. Whitelist inclusion refers to whitelisted users gaining connectivity by rewarding individuals involved in various activities. Then there is Twitter follow, in which it becomes necessary for claimants to keep track of their Twitter account to receive a drop. Geographical restrictions will be implemented soon, permitting users from designated regions to reserve claims. This will prove advantageous for those who wish to concentrate on local engagement.
Enjin Beam has enhanced its NFT allocation tool with the addition of an advanced Claim Conditions option. Developers will be able to provide NFT rewards for certain behaviors, such as accomplishing tasks and holding their NFTs, as a result of this. Claim conditions strengthen the user’s ability to establish the need to obtain their NFTs. This, in turn, improves the interactive exposure of giveaways while remaining in sync with the allocation of their drops with their creative objectives. Various conditions have been introduced and tailor-made to meet every need. The first is the ENJ holdings, which is a pre-calculated quantity of ENJ that is required for proper user identification. The NFT ownership of a specific NFT can thus be established as a prerequisite, expanding the NFT’s potential. Whitelist inclusion refers to whitelisted users gaining connectivity by rewarding individuals involved in various activities. Then there is Twitter follow, in which it becomes necessary for claimants to keep track of their Twitter account to receive a drop. Geographical restrictions will be implemented soon, permitting users from designated regions to reserve claims. This will prove advantageous for those who wish to concentrate on local engagement.
Over the last year, crypto markets have seen:
1. Collapse of FTX, largest fraud in recent history
2. Collapse of regional banking system
3. $2 trillion bear market, its largest in history
4. Over 500 lawsuits and regulation cases
5. Multiple crypto lender bankruptcies
6. Binance fined a record $4.3 billion by US regulators
7. Increased calls for regulation around the globe
Bitcoin is up 165% this year and just hit $44,000.
1. Collapse of FTX, largest fraud in recent history
2. Collapse of regional banking system
3. $2 trillion bear market, its largest in history
4. Over 500 lawsuits and regulation cases
5. Multiple crypto lender bankruptcies
6. Binance fined a record $4.3 billion by US regulators
7. Increased calls for regulation around the globe
Bitcoin is up 165% this year and just hit $44,000.
🔫 Thrash-metal band Megadeth launches NFT collection and metaverse community
Legendary American thrash metal band Megadeth announced a new nonfungible token (NFT) collection on Dec. 5, allowing fans exclusive access to content and physical experiences. The band announced the NFTs on social media through a post on X, formerly Twitter, saying the 5,000-piece collection features the band’s digital mascot, Vic Rattlehead. Dave Mustaine, have millions of fans and have already received an uproar of positive responses to the initiative. Megadeth is one of the world’s most popular heavy metal groups. However, it is not the first in its genre to hop into the Web3 space. Another heavy metal sensation, Avenged Sevenfold, has also previously released NFTs to draw in their online community called the Deathbats Club. In late November, the band released tickets for shows in their upcoming concert tour as NFTs and received an overwhelmingly positive response from fans across the digital space. On Dec., Anotherblock, a blockchain-based music platform, in partnership with Recordpool, announced the upcoming release of a previously unheard demo of Michael Jackson’s first studio recording.
Legendary American thrash metal band Megadeth announced a new nonfungible token (NFT) collection on Dec. 5, allowing fans exclusive access to content and physical experiences. The band announced the NFTs on social media through a post on X, formerly Twitter, saying the 5,000-piece collection features the band’s digital mascot, Vic Rattlehead. Dave Mustaine, have millions of fans and have already received an uproar of positive responses to the initiative. Megadeth is one of the world’s most popular heavy metal groups. However, it is not the first in its genre to hop into the Web3 space. Another heavy metal sensation, Avenged Sevenfold, has also previously released NFTs to draw in their online community called the Deathbats Club. In late November, the band released tickets for shows in their upcoming concert tour as NFTs and received an overwhelmingly positive response from fans across the digital space. On Dec., Anotherblock, a blockchain-based music platform, in partnership with Recordpool, announced the upcoming release of a previously unheard demo of Michael Jackson’s first studio recording.
🖼 Multiple NFT collections at risk by flaw in open-source library
A vulnerability in an open-source library that is common across the Web3 space impacts the security of pre-built smart contracts, affecting multiple NFT collections, including Coinbase. The disclosure came earlier today from Web3 development platform Thirdweb. The announcement provides a minimum of details, which irked some users who wanted clarifications that could help them protect contracts. Thirdweb said that it became aware of the security flaw on November 20 and pushed a remediation two days later, but did not disclose the name of the library and the type or severity of the vulnerability to prevent tipping off attackers. The company says it has contacted the maintainers of the vulnerable library and also alerted other protocols and organizations of the issue, sharing findings and mitigations. "If you used our Solidity SDK to extend our base contract or built a custom contract, we don't believe the vulnerability extends to your contract," explains Thirdweb, adding that this is not a guarantee because they "are unable to audit individual contracts."
A vulnerability in an open-source library that is common across the Web3 space impacts the security of pre-built smart contracts, affecting multiple NFT collections, including Coinbase. The disclosure came earlier today from Web3 development platform Thirdweb. The announcement provides a minimum of details, which irked some users who wanted clarifications that could help them protect contracts. Thirdweb said that it became aware of the security flaw on November 20 and pushed a remediation two days later, but did not disclose the name of the library and the type or severity of the vulnerability to prevent tipping off attackers. The company says it has contacted the maintainers of the vulnerable library and also alerted other protocols and organizations of the issue, sharing findings and mitigations. "If you used our Solidity SDK to extend our base contract or built a custom contract, we don't believe the vulnerability extends to your contract," explains Thirdweb, adding that this is not a guarantee because they "are unable to audit individual contracts."
🖼 Heavy metal band Megadeth launches generative NFT collection
Heavy metal band Megadeth took to X on Dec. 5 to announce the introduction of its 5,000-piece generative collection featuring the band’s mascot, Vic Rattlehead. As part of the announcement, the band shares that the collection, MegadethDigital, brought to life by artist TheHaddy, is set to go live on Dec. 22. The collection will offer participants access to exclusive merchandise and VIP experiences, including opportunities to acquire signed items and engage in one-on-one conversations with the band members. The band is hardly the first to the NFT game where metal bands are concerned. Avenged Sevenfold was also reported to share support for the digital asset class in May of this year. This initiative transforms beyond a traditional fan club, emerging as a community owned by the fans. The timing of the release may also be suitable for another reason, coinciding with a recent research report by Binance that highlighted the NFT market witnessed a notable upswing in November, signaling a reversal from its year-long decline, achieving a sales volume of $0.91 billion. This surge indicates a remarkable 200% month-over-month increase, marking the highest growth in 2023.
Heavy metal band Megadeth took to X on Dec. 5 to announce the introduction of its 5,000-piece generative collection featuring the band’s mascot, Vic Rattlehead. As part of the announcement, the band shares that the collection, MegadethDigital, brought to life by artist TheHaddy, is set to go live on Dec. 22. The collection will offer participants access to exclusive merchandise and VIP experiences, including opportunities to acquire signed items and engage in one-on-one conversations with the band members. The band is hardly the first to the NFT game where metal bands are concerned. Avenged Sevenfold was also reported to share support for the digital asset class in May of this year. This initiative transforms beyond a traditional fan club, emerging as a community owned by the fans. The timing of the release may also be suitable for another reason, coinciding with a recent research report by Binance that highlighted the NFT market witnessed a notable upswing in November, signaling a reversal from its year-long decline, achieving a sales volume of $0.91 billion. This surge indicates a remarkable 200% month-over-month increase, marking the highest growth in 2023.
USDT issuer Tether proactively froze 41 wallets on Saturday
Linked to people on the U.S. Treasury Department's OFAC list of Specially Designated Nationals, several of which addresses had been using Tornado Cash.
Tether says this is a new voluntary wallet freeze policy with extra precautions.
Linked to people on the U.S. Treasury Department's OFAC list of Specially Designated Nationals, several of which addresses had been using Tornado Cash.
Tether says this is a new voluntary wallet freeze policy with extra precautions.
🖼 Parallel Unleashed Reinventing Sci-Fi Gaming In The NFT World
Welcome to the thrilling world of NFT gaming, where the fusion of digital asset ownership and entertainment creates a unique gaming experience. Today’s spotlight is on “Parallel,” a sci-fi trading card game that is reshaping the gaming landscape by merging advanced technology with artistic expression to offer an immersive experience. Parallel is not your average addition to the NFT gaming catalog. It’s a well-crafted digital arena set in a vast, alternate version of Earth. Within this universe, players find themselves entangled in a compelling narrative where five factions battle for control. This world unfolds through in-game stories and regular updates, allowing players to immerse themselves in the philosophy and aesthetics of their chosen faction. The charm of Parallel lies in its gameplay, which is both strategic and innovative. It utilizes a play-to-earn model, allowing players to earn NFTs through strategic gameplay. Players engage in battles, using decks they’ve built from a collection of 40 cards, each with unique abilities. These decks are composed of units, spells, and artifacts, with faction-specific specialties adding an extra layer of strategy.
Welcome to the thrilling world of NFT gaming, where the fusion of digital asset ownership and entertainment creates a unique gaming experience. Today’s spotlight is on “Parallel,” a sci-fi trading card game that is reshaping the gaming landscape by merging advanced technology with artistic expression to offer an immersive experience. Parallel is not your average addition to the NFT gaming catalog. It’s a well-crafted digital arena set in a vast, alternate version of Earth. Within this universe, players find themselves entangled in a compelling narrative where five factions battle for control. This world unfolds through in-game stories and regular updates, allowing players to immerse themselves in the philosophy and aesthetics of their chosen faction. The charm of Parallel lies in its gameplay, which is both strategic and innovative. It utilizes a play-to-earn model, allowing players to earn NFTs through strategic gameplay. Players engage in battles, using decks they’ve built from a collection of 40 cards, each with unique abilities. These decks are composed of units, spells, and artifacts, with faction-specific specialties adding an extra layer of strategy.
🖼 NFL Rivals breaks $2 million in NFT trading volume
Three months on from breaking the $1 million barrier, Mythical Games’ mobile title NFL Rivals has broken $2 million in terms of NFT trading volume. One significant aspect of the news has been the rise in wallets that own the game’s NFTs. The total for the first million dollars was 35,710 wallets, whereas the $2 million total has seen this expand this to 127,490 wallets (up 257%). Of course, this is a measure of how many wallets have acquired NFTs – in this case official NFL players . The other aspect of NFL Rivals is people buying the NFTs, either via the game app itself or on the web-based Mythical Market. Back in September, there were 4,613 wallets buying NFTs and 2,922 wallets selling NFTs. This has now risen to 16,676 (up 262%), with selling wallets now at 9,694 (up 232%). One significant aspect of the news has been the rise in wallets that own the game’s NFTs. The total for the first million dollars was 35,710 wallets, whereas the $2 million total has seen this expand this to 127,490 wallets (up 257%). Of course, this is a measure of how many wallets have acquired NFTs – in this case official NFL players – either via gameplay rewards or via IAPs.
Three months on from breaking the $1 million barrier, Mythical Games’ mobile title NFL Rivals has broken $2 million in terms of NFT trading volume. One significant aspect of the news has been the rise in wallets that own the game’s NFTs. The total for the first million dollars was 35,710 wallets, whereas the $2 million total has seen this expand this to 127,490 wallets (up 257%). Of course, this is a measure of how many wallets have acquired NFTs – in this case official NFL players . The other aspect of NFL Rivals is people buying the NFTs, either via the game app itself or on the web-based Mythical Market. Back in September, there were 4,613 wallets buying NFTs and 2,922 wallets selling NFTs. This has now risen to 16,676 (up 262%), with selling wallets now at 9,694 (up 232%). One significant aspect of the news has been the rise in wallets that own the game’s NFTs. The total for the first million dollars was 35,710 wallets, whereas the $2 million total has seen this expand this to 127,490 wallets (up 257%). Of course, this is a measure of how many wallets have acquired NFTs – in this case official NFL players – either via gameplay rewards or via IAPs.
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SANTA INU HAS THE BIGGEST AIRDROP UPCOMING
TO BE ELIGIBLE
JOIN TELEGRAM GROUP AND BE ACTIVE @santacoininu
JOIN @santacoinmoon
FOLLOW ON TWITTER AND DROP YOUR ETHEREUM ADDRESS UNDER THEIR POSTS
https://x.com/santacoinu/status/1734083561567768683?s=46&t=XkqKjOqg6_pQuj3bHVmWVg
DO NOT FADE THIS PROJECT. THE AIRDROP WILL BLOW YOUR MINDS.
SUPER BULLISH!
JOIN COMMUNITY
Website: https://santainu.net
Twitter Twitter.com/santacoinu
Telegram: https://t.me/Santacoininu
🔫 Shemaroo Entertainment Launches a Metaverse Revolution – ShemarooVerse on NEAR Protocol
Shemaroo Entertainment Limited, India’s leading media and entertainment conglomerate, proudly introduces ShemarooVerse, an innovative and groundbreaking public metaverse poised to redefine the landscape of digital entertainment and social interaction. ShemarooVerse emerges as a digital universe where entertainment seamlessly integrates with Web3 and AI. Built on the secure and efficient NEAR protocol, with an expansive content library. The creation of ShermarooVerse was made possible in part by a strategic partnership with the NEAR Foundation, a non-profit organization that focuses on supporting sustainable, community-driven innovation to benefit people around the world. One of its core areas of focus is the NEAR ecosystem, which includes the NEAR protocol, a fully operational decentralized blockchain-based platform for building decentralized applications. NEAR Foundation’s MD India, Asia, and Middle East, Arpit Sharma, said: “NEAR is thrilled about this collaboration with Shemaroo. Users can expect a unique and enjoyable experience as entertainment meets the blockchain. This marks an exciting chapter in the evolution of Indian entertainment on the blockchain.”
Shemaroo Entertainment Limited, India’s leading media and entertainment conglomerate, proudly introduces ShemarooVerse, an innovative and groundbreaking public metaverse poised to redefine the landscape of digital entertainment and social interaction. ShemarooVerse emerges as a digital universe where entertainment seamlessly integrates with Web3 and AI. Built on the secure and efficient NEAR protocol, with an expansive content library. The creation of ShermarooVerse was made possible in part by a strategic partnership with the NEAR Foundation, a non-profit organization that focuses on supporting sustainable, community-driven innovation to benefit people around the world. One of its core areas of focus is the NEAR ecosystem, which includes the NEAR protocol, a fully operational decentralized blockchain-based platform for building decentralized applications. NEAR Foundation’s MD India, Asia, and Middle East, Arpit Sharma, said: “NEAR is thrilled about this collaboration with Shemaroo. Users can expect a unique and enjoyable experience as entertainment meets the blockchain. This marks an exciting chapter in the evolution of Indian entertainment on the blockchain.”
🖼 OpenSea on back-footing as OKX surpasses it in NFT trading volume
According to data from DappRadar, OKX NFT marketplace secured 32% dominance in the NFT sector, surpassing OpenSea in trading volume. In a blog post on Dec. 7, 202, DappRadar gathered top marketplaces for trading digital collectibles, which allocated the most liquidity in November 2023. According to the data, the Blur marketplace was ranked the top platform, controlling a 35% share of the NFT trading volume. OKX NFT, a digital marketplace powered by the OKX crypto exchange, appeared to be the second-largest NFT platform over the past month, surpassing OpenSea in trading volume. As per DappRadar, OKX NFT secured a “substantial 32% dominance in the NFT sector,” overtaking OpenSea, which is currently holding a 10% market share in terms of trading volume. Yet, DappRadar Blockchain Analyst Sara Gherghelas notes that OpenSea remains the top platform in terms of user base with over 190,000 registered accounts as of November 2023. She also suggested OKX succeeded in its efforts thanks to its bet on unique offerings of Bitcoin Ordinals art pieces.
According to data from DappRadar, OKX NFT marketplace secured 32% dominance in the NFT sector, surpassing OpenSea in trading volume. In a blog post on Dec. 7, 202, DappRadar gathered top marketplaces for trading digital collectibles, which allocated the most liquidity in November 2023. According to the data, the Blur marketplace was ranked the top platform, controlling a 35% share of the NFT trading volume. OKX NFT, a digital marketplace powered by the OKX crypto exchange, appeared to be the second-largest NFT platform over the past month, surpassing OpenSea in trading volume. As per DappRadar, OKX NFT secured a “substantial 32% dominance in the NFT sector,” overtaking OpenSea, which is currently holding a 10% market share in terms of trading volume. Yet, DappRadar Blockchain Analyst Sara Gherghelas notes that OpenSea remains the top platform in terms of user base with over 190,000 registered accounts as of November 2023. She also suggested OKX succeeded in its efforts thanks to its bet on unique offerings of Bitcoin Ordinals art pieces.
🖼 Shiba Inu-Backed Shibacals Unveils NFT Launch In Collaboration With Busta Rhymes
Shibacals, a peculiar real-life component of the Shiba Inu ecosystem, recently announced plans to launch an NFT collection. The upcoming launch of these NFTs, also known as the ‘Celebrities NFT Collectibles,’ comes in collaboration with Busta Rhymes. Busta Rhymes, a.k.a. Trevor George Smith Jr., is a distinguished American rapper and songwriter with a substantial worldwide influence. However, a key player within the Shiba Inu ecosystem, LucieSHIB, shed light on the upcoming NFT launch. Shibacals, a platform backed by the Shibarium ecosystem, announced the launch of the aforestated NFT collection today, December 9. Furthermore, the collection ‘Chooky feat. Busta Rhymes’ is all set to drop next year. As per the statement, December 20, 2024, marks the date for the release of Chooky feat Busta Rhymes NFT collectibles. Moreover, interestingly, Busta Rhymes promoted the collaboration by taking the NFT launch news to an X post. Besides, the songwriter claimed the collection to be an authenticated limited edition, fueling inquisitiveness within the NFT realm. The aforestated launch also comes in harmony with the recent upsurge witnessed by the Shiba Inu cryptocurrency.
Shibacals, a peculiar real-life component of the Shiba Inu ecosystem, recently announced plans to launch an NFT collection. The upcoming launch of these NFTs, also known as the ‘Celebrities NFT Collectibles,’ comes in collaboration with Busta Rhymes. Busta Rhymes, a.k.a. Trevor George Smith Jr., is a distinguished American rapper and songwriter with a substantial worldwide influence. However, a key player within the Shiba Inu ecosystem, LucieSHIB, shed light on the upcoming NFT launch. Shibacals, a platform backed by the Shibarium ecosystem, announced the launch of the aforestated NFT collection today, December 9. Furthermore, the collection ‘Chooky feat. Busta Rhymes’ is all set to drop next year. As per the statement, December 20, 2024, marks the date for the release of Chooky feat Busta Rhymes NFT collectibles. Moreover, interestingly, Busta Rhymes promoted the collaboration by taking the NFT launch news to an X post. Besides, the songwriter claimed the collection to be an authenticated limited edition, fueling inquisitiveness within the NFT realm. The aforestated launch also comes in harmony with the recent upsurge witnessed by the Shiba Inu cryptocurrency.
📊 NFT trading volume nears $1B as markets turn bullish: Report
As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar. The report highlighted that the NFT industry maintained upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading. On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 5. Executives working in Web3 believe that this trend may continue further in the coming months. On Nov. 14, SuperRare co-founder Jonathan Perkins told Cointelegraph that the worst of the bear market is “behind us” and things are starting to turn around. Despite a seemingly bearish mood all year, blockchain gaming projects managed to secure $2.3 billion in investments from the start of 2023 up to October. An earlier DappRadar report showed that in the third quarter of 2023 alone.
As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar. The report highlighted that the NFT industry maintained upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading. On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 5. Executives working in Web3 believe that this trend may continue further in the coming months. On Nov. 14, SuperRare co-founder Jonathan Perkins told Cointelegraph that the worst of the bear market is “behind us” and things are starting to turn around. Despite a seemingly bearish mood all year, blockchain gaming projects managed to secure $2.3 billion in investments from the start of 2023 up to October. An earlier DappRadar report showed that in the third quarter of 2023 alone.
