According to CryptoSlam data on September 15, the top five blockchains in terms of NFT sales in the past seven days are: 1. NFT sales on Ethereum chain were $27,482,211, down 6.95%; 2. Sales on Bitcoin chain were $14,808,867, up 28.83%; 3. Sales on Solana chain were $13,088,078, down 2.25%; 4. Sales on BNB Chain were $7,020,978, down 9.13%; 5. Sales on Polygon chain were $5,151,498, down 43.54%.
a16z crypto is working with OpenSea, Stand With Crypto, Cooley, Fenwick & West, Goodwin Procter, and Latham & Watkins to provide legal services and advice to artists and creators who are facing potential government actions or simply want to ensure they are protected from government sanctions. Build NFT projects in a legal and compliant manner. To kick off this work, Andreessen Horowitz will join Stand With Crypto and follow OpenSea in donating $1 million to the legal defense fund.
How is the "art NFT" that we haven't heard of for a long time doing now?
Although NFT’s popularity has declined, “pure art NFT” continues to release new works, and the creative energy is still abundant. How is it different from blue chip avatar NFT? What is the importance of NFT to digital artists? NFT market loses traction In 2024, the biggest good news in the cryptocurrency market is the approval of the Bitcoin spot ETF. At the same time, there may also be good news about the Ethereum ETF, which makes investors optimistic and expects that both Bitcoin and Ethereum may set new highs this year. A recent report by Bloomberg pointed out that even though the price of coins has been rising, the "NFT field" in the crypto token market has been terrible. The floor prices of many popular NFT projects have dropped by 40% to 50%. For example, according to NFT Price Floor data, the floor price of Ethereum NFT series CryptoPunks was 41 ETH at the lowest point in the market last year, and the lowest point this year was about 22.99 ETH.
According to Decrypt, NFT CryptoPunk#2386was purchased by a user using a "shotgun" method for 10 ETH. The current highest bid for the NFT is 600 ETH (about 1.42 million US dollars). Previously, the NFT owner divided it through a website called Niftex, and its ownership was divided into 10,000 ERC-20 tokens in 2020, allowing investors to buy and sell individual fragments. Although the website has been closed, because the contract is still valid on the chain, the buyout function was triggered, and the user eventually obtained ownership of the NFT at a fraction of its current value.
Welcome to the OpenSea Digest, our recap of the biggest NFT and web3 news from the week. NFL Rivals Partners with Kansas City Chiefs for 2024 Season NFL Rivals, a mobile game licensed by the National Football League (NFL) and the NFL Players Association, has partnered with the defending Super Bowl champion Kansas City Chiefs to bring fans exclusive digital collectibles and enhanced gaming experiences. Through this collaboration, fans can earn Chiefs-themed NFTs to unlock special features and experiences in the game. As NFL Rivals enters its second year as the official mobile game of the Chiefs, the partnership sets a new standard for engaging fans through Web3, with over 5 million downloads and over 115 million games played reportedly demonstrating a growing interest in sports-related digital collectibles.
OpenSea’s two side events during the TOKEN2049 Singapore Conference
TOKEN2049 Singapore, a global conference taking place on September 18-19, aims to define what’s next for the Web3 space. During the two-day main event, hundreds of meetups, workshops, and more are expected, bringing together more than 7,000 companies and over 20,000 attendees from more than 150 countries. By then, Singapore will become a vibrant hub for Web3 activity. OpenSea, together with its partners, also held two peripheral events, and you are welcome to register and participate.
3XP Good Game Party 📅 Event time: Wednesday, September 18, 19:00 ~ 22:00 (UTC+8)
Welcome to the OpenSea Digest, our recap of the biggest NFT and web3 news from the week. KOR Protocol launches new AI player to enable web3 projects to license songs using IP KOR Protocol, a blockchain-based entertainment platform backed by venture capital studio Animoca Brands, is launching KOR Player. The new tool is an AI music engine that allows web3 projects to integrate IP-licensed music and digital projects into virtual environments, providing musicians and developers with a new way to collaborate, with the player allowing creators to upload and remix music, while artists can track their on-chain creator income.
NFTevening's latest report shows that the NFT market is in serious trouble, with 96% of NFTs being considered "dead", meaning they have almost no trading volume, extremely low 7-day sales, and almost no presence on social media. The report analyzed more than 5,000 NFT collections and 5 million transactions, and found that more than 43% of holders have suffered losses, with an average return on investment of 44.5%. In addition, the average life cycle of NFTs is only 1.14 years, which is significantly shorter than traditional crypto asset projects.
Tattoos, textiles, and digital art have more in common than you might think, but without creatives like Brooklyn-based artist Gossamer Rozen, the world might not stop to think about how humanity’s oldest artistic practices are intertwined with the digital age. Rozen, who often uses “she”/”they” pronouns interchangeably, is a self-taught hand-stitch tattooist and the founder of Tigerbob, a bespoke luxury fashion and merchandise brand with its flagship studio in New York’s bustling Industry City, which launched in May 2022 alongside the Tigerbob Genesis NFT series, centered around Rozen’s hand-drawn and pixelated tiger head designs.