Author: NFT Evening

Lotte Home Shopping, the e-commerce arm of retail giant Lotte, launched its NFT Shop platform just over two years ago, in May 2022. The company announced on June 12 that it will cease NFT shop services on July 2.Customers accessed the trading platform through the Lotte Home Shopping mobile app. The platform was part of Lotte’s strategy to build a metaverse platform for the future.Use of Fiat Currency and Corporate Tie-insUnlike typical NFT trading platforms, NFT Shop facilitated transactions using fiat KRW, aiming to make NFTs accessible to non-crypto holders. Lotte Home Shopping also introduced its own NFT line featuring…

Read More

In the NFT market, the Ethereum Name Service (ENS) took center stage with revenues exceeding $4.27 million. The Ethereum Name Service uses NFT technology in its decentralized URL method on the Ethereum blockchain, even though it isn’t an NFT collection per se. Users may convert addresses on Ethereum into formats that are simple to read with this method. In essence, an ENS domain registration grants you a distinct NFT that is linked to the domain name of your choice, which you can then transfer or sell as with any other NFT.Diverse Range of Top SellersFollowing closely behind ENS, the $PIZZA…

Read More

South Korea has rolled out a new law, compelling Non-fungible Token (NFT) issuers to register as virtual asset operators. This rule zeroes in on NFTs with distinct traits like wide-scale issuance, divisibility, and their role in transactions. Initially, NFTs weren’t labeled virtual assets per the Virtual Asset User Protection Act’s Enforcement Decree. But now, those with the specified attributes will be categorized as such.Guidelines from the Financial Services CommissionOn July 10, the Financial Services Commission released guidelines outlining the criteria for categorizing NFTs. NFTs acquired for content collection purposes will be exempted from the virtual asset classification. However, NFTs with…

Read More

The Bitcoin network led NFT sales with a substantial 50.33% rise, totaling $47.74 million. Wash trading also increased by 15.39% to over $39,000. However, active buyers decreased by nearly 96%, with 2,056 addresses engaging in trading activities.Ethereum Trails Behind with $35 Million in SalesWith $35 million in NFT sales, Ethereum trailed closely behind, down 0.31% from the previous week. In contrast to Bitcoin, Ethereum saw a greater number of active purchasers, despite a 59.67% drop from the previous week.Polygon saw a 22% increase in sales with NFT sales of $19.63 million, while Solana ranked fourth with $18.225 million. Immutable X…

Read More

McDonald’s has officially entered the metaverse scene in Singapore with the launch of its own digital world named “My Happy Place” accessible through the McDonald’s app in collaboration with Bandwagon Labs. This virtual realm offers a unique experience to users, particularly those who own Grimace NFTs released in 2023.Exclusive Perks for Grimace NFT HoldersThe launch of “My Happy Place” brings special privileges to Grimace NFT holders. These individuals can enjoy exclusive features within the digital environment, including unlocking unique wearable items, exploring hidden areas, and showcasing Grimace portraits in designated locations.In this 3D online space, users can engage in various…

Read More

Ronin has unveiled Ronin Forge, a brand-new launch initiative designed to assist creative game teams in developing and releasing titles for its web3 gaming platform. This initiative offers a unique opportunity for developers to leverage Ronin’s resources and bring innovative games to life.Support for Game DevelopmentSelected participants in Ronin Forge will get up to $50,000 USD in $RON. They will also have access to the Sky Mavis ecosystem’s resources. This program aims to speed up game release on Ronin, granting studios access to the platform early.Ronin has grown a lot since supporting Axie Infinity. As part of their endeavor to…

Read More

Bitcoin NFTs have hit a big milestone, CryptoSlam announced on June 4 that Bitcoin NFTs crossed $4 billion in total sales. This includes $3.97 billion in real sales and $82 million in wash sales. This happened despite the NFT market taking a big dip in May.In the last 30 days, Bitcoin-based NFTs have shown strong performance. They recorded a sales volume of $171 million. This placed Bitcoin at the top for sales volume among blockchains for the month. Ethereum followed with $159 million in sales, while Solana recorded $90 million.Comparison with Ethereum and Other BlockchainsDespite recent success, Bitcoin NFTs still…

Read More

Investors sued Dapper Labs claiming that the sale of NBA Top Shot Moments NFTs violated security standards. Dapper Labs settled the lawsuit for $4 million. The chief executive officer Roham Gharegozlou, maintains that NBA Top Shot NFTs are not securities, and this agreement supports his claims.The settlement, involving a class group of investors, concludes a 2021 lawsuit that mandates Dapper Labs to pay $4 million, contingent on plaintiffs ceasing to assert NFTs as securities. Moreover, Dapper Labs will enact changes for Flow blockchain decentralization and implement a staff training program on federal securities laws.Gharegozlou emphasized that the legal discovery confirmed…

Read More

A new NFT launchpad from Animoca Brands Japan is called SORAH. Taking its name from the Japanese word for sky, it aims to support NFT projects by offering a variety of sales channels, loyalty programs, and a platform for artists to market their NFTs.SORAH by Animoca Brands Japan will not only help with sales but also offer multifaceted support. This includes marketing strategies tailored to the needs of each project. Additionally, the company plans to introduce loyalty programs. These programs will include NFTs that offer users various benefits for using the platform. More details about these features will be announced…

Read More

NFT sales saw a significant drop in May. The global sales totaled $604 million, marking the worst month since October and the first month this year with sales under $1 billion. This decline affected major blockchains, including Ethereum and Bitcoin, both experiencing their lowest sales in months.Ethereum’s Decline in NFT SalesEthereum, known as the top blockchain for NFT sales with over $43 billion in historic volume, saw a considerable decline. Last month, Ethereum’s sales were $164 million, the lowest since September. The number of unique buyers also dropped to 56,914, the fewest since June 2021, based on data from CryptoSlam.Bitcoin’s…

Read More