**NFT Weekly Roundup: Magic Eden's Dominance, CryptoPunk Sale, and Regulatory Calls**
**Magic Eden Tops Trading Volume**
Magic Eden continues to lead the NFT marketplace, boasting a trading volume of $122.47 million in August, securing a 36.7% market share. Blur and OpenSea trailed behind with $84 million and $66.5 million, respectively.
**Backlash Over US Service Segregation**
Despite its success, Magic Eden faced criticism for launching a US-exclusive domain, limiting features for American users. This move, attributed to stringent regulations, has sparked discontent among the community.
**Rare CryptoPunk Sells for $1.5 Million**
A rare Ape-themed CryptoPunk sold for 620 ETH, roughly $1.48 million, despite the NFT market downturn. The sale puzzled many, given higher offers earlier this year.
**Calls for NFT Regulation Clarity**
The Digital Chamber urged Congress to define NFTs as consumer products, following SEC actions against OpenSea. The group argues that clear legislation is crucial to protect the industry from regulatory uncertainty.
Stay tuned for more updates next week!