NFTs start December with a $187M weekly sales volume

December 8, 2024 Coin Telegraph

NFTs start December with a 7M weekly sales volume

Bitcoin

Pudgy Penguins recorded $25 million in sales, while CryptoPunks had a weekly volume of $16.5 million.

Non-fungible tokens (NFTs) started strongly in December, with Ethereum leading the top digital collectible blockchains in sales.

On Dec. 8, NFT data tracker CryptoSlam showed that digital collectibles recorded a weekly sales volume of over $187 million in the first week of December, continuing an upward trend since October. The starting week in December surpasses digital collectibles’ strongest week in November when NFTs had a sales volume of $181 million.

Since March, NFT volumes decreased before reaching their lowest point in September, when NFTs saw their lowest monthly sales volume since 2021. However, the asset class recovered in October. This was followed by a 57% month-on-month increase as NFTs saw volumes of over $562 million in November.

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Digital Collectibles Explode—Cryptopunks Soar 665% Amid $179M NFT Market Surge

November 16, 2024 Bitcoin.com

Digital Collectibles Explode—Cryptopunks Soar 665% Amid 9M NFT Market Surge

bitcoin.com

With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, climbing an impressive 90.74% compared to the previous week. Ethereum and Bitcoin NFT Collections Fuel a $179M Weekly Bonanza From Nov. 9 to Nov. 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 […]

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OpenSea users drop securities suit after marketplace demands arbitration

November 11, 2024 Coin Telegraph

class action

The lawyer for two OpenSea users who accused the platform of selling them securities told Cointelegraph they “had no choice but to dismiss the pending case.”

Two OpenSea users accusing the non-fungible token marketplace of selling unregistered securities have dropped their proposed class-action lawsuit after a judge allowed the firm to demand arbitration.

On Nov. 7, Anthony Shnayderman and Itai Bronshtein filed a voluntary dismissal of their securities suit against Ozone Networks, which does business as OpenSea, in a Florida federal court after Judge Cecilia Altonaga allowed OpenSea to file a motion to compel the pair into arbitration in an order last month.

OpenSea had held firm that it would compel the two users into arbitration, claiming in an October filing that they agreed to its terms of use that say all claims would be resolved by an arbitrator — including if the claims should be arbitrated in the first place.

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NFT Marketplace OpenSea Announces New Re-Build of Platform ‘From the Ground Up’

November 7, 2024 The Daily Hodl

Daily Hodl

Leading non-fungible token (NFT) marketplace OpenSea says it is about to launch a major overhaul of its platform. In a post on social media platform X, OpenSea co-founder and CEO Devin Finzer says he has been working to rebuild the world’s largest NFT marketplace. “We’ve been quietly cooking at @opensea. To really innovate, sometimes you […]

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Independence Day director creating TV series based on Web3 game

October 24, 2024 Coin Telegraph

Blockchain

The show, which is based on the "Space Nation" game, plans to use non-traditional distribution channels such as second-window broadcasts for streamers.

A live-action TV series based on the “Space Nation” Web3 game is in development with Hollywood director Roland Emmerich and producer Marco Weber leading the project.

According to an exclusive report from Variety, the duo intend to explore the game’s history, lore, and setting through a live-action series, but they’re not developing it for a network or streaming site.

Instead, the report indicates Emmerich and Weber are pursuing non-traditional distribution methods such as licensing series content for “second window streaming” — a picture-in-picture format where gamers would ostensibly stream the TV show while also streaming their live gameplay and/or commentary.

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Japan’s Election Heats up With Calls for Crypto Tax Cuts and Regulatory Reforms

October 23, 2024 Bitcoin.com

bitcoin.com

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, is advocating for significant cryptocurrency tax reforms ahead of the general election. His party proposes a 20% tax on crypto assets and aims to promote Japan as a web3 leader. The party also supports initiatives like increased leverage for crypto trading. Tamaki believes these changes […]

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Macro Guru Raoul Pal Says NFTs Aren’t Dead, Predicts Big Comeback for Crypto Sector

October 21, 2024 The Daily Hodl

Ex-Goldman Sachs executive Raoul Pal says that the non-fungible token (NFT) sector is still relevant and due for a big resurgence. In a post on the social media platform X, Pal says NFT technology is “profound,” and he sees the crypto sector mounting a comeback in many forms. “NFTs aren’t dead. The technology is profound. […]

The post Macro Guru Raoul Pal Says NFTs Aren’t Dead, Predicts Big Comeback for Crypto Sector appeared first on The Daily Hodl.

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Farm, Craft, and Thrive in My Neighbor Alice

October 20, 2024 Bitcoin.com

bitcoin.com

Follow Regina in her journey down the rabbit hole that is My Neighbor Alice. Will she find a wonderful land, or will it be a bore? Read on to find out. Last episode’s quick recap I’m still riding the hype—Spider Tanks is an epic Web3 game! Its fast-paced, tactical gameplay, combined with unique NFT-based tanks, […]

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Investor Chris Burniske Says Memecoins Will Be Bigger Than We Expect This Crypto Cycle – Here’s Why

October 8, 2024 The Daily Hodl

Altcoins

Crypto veteran Chris Burniske is expecting big things from memecoins in the current digital asset market cycle. The venture capitalist says on the social media platform X that “memecoins’ tendency to trigger” suggests they will be bigger than expected going forward. “The cultural relevance some NFT collections garnered in 2021 will be surpassed by some […]

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Telegram to Support TON-Based NFT Gifts Later This Year

October 7, 2024 Bitcoin.com

bitcoin.com

The founder of Telegram has announced plans to support TON-based non-fungible token (NFT) gifts later this year. This new feature will allow users to convert limited-edition animated gifts into NFTs on the TON blockchain. These tokenized gifts can be displayed on user profiles or traded for Telegram’s in-app currency, Stars. Additionally, users will have the […]

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