In this week’s newsletter, read how the popular Telegram clicker game Hamster Kombat plans to integrate non-fungible tokens (NFTs) and how September NFT sales recorded the lowest sales volume since 2021. Check out how Indonesia’s postal service launched NFT stamps and how metaverse platforms could help solve the loneliness epidemic.
Hamster Kombat to add NFTs as in-game assets
Viral Telegram clicker game Hamster Kombat revealed its roadmap for the last quarter of 2024 and 2025. The popular Web3 game told Cointelegraph it would launch new games and integrate NFTs as in-game assets. In its road map, Hamster Kombat revealed that the NFT integration will occur in November.
While the clicker game did not reveal many details about the NFT integration, it could impact the waning interest in digital collectibles because the game has millions of users. Since its launch, Hamster Kombat has amassed more than 300 million users.
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NFT sales plummet to lowest monthly volume since 2021 — CryptoSlam
In September, NFTs recorded a monthly sales volume of $296 million, marking its lowest since January 2021. This represents an 81% drop from March and a 20% decrease from August.
Apart from lower sales, the number of transactions involving NFTs also declined. CryptoSlam data showed that total NFT transactions dropped from 7.3 million in August to 4.9 million in September.
While the space recorded many negative statistics, the average value of NFT transactions showed a slight upward tick. Data showed that the average worth of NFT transactions increased to $60 in September from $50.71 in August.
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Indonesian postal service launches NFT stamps
Indonesia’s largest postal service has introduced NFT-integrated postage stamps. Pos Indonesia, a state-owned company, released its inaugural stamps with NFT counterparts. The stamps feature “Cenderawasih,” which means “bird of paradise.”
The company said the new stamps merge traditional values with blockchain innovation. It added that they want to attract stamp enthusiasts with the offering.
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How metaverse platforms could solve the loneliness epidemic
In a Cointelegraph interview, the head producer at Decentraland, Bay Backner, said that decentralized metaverse platforms can create genuine online connections. Backner said people are passionate about virtual worlds and the connections that they make in them.
With the community-oriented ethos of Web3 and blockchain, the executive said that decentralized metaverses could create tighter online communities than traditional social platforms.
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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.
