Author: NFT Evening

The NFT market continues to face challenges. Last week sales decreased 12%, after a 16% decline the week before. Sales over the last seven days have come to just under $100 million by CryptoSlam. Over 785,000 traders were involved in 1.4 million transactions.Ethereum Leads NFT SalesEthereum is still the leading blockchain for NFT sales. It recorded $38.4 million in transactions last week. However, Ethereum also saw a significant rise in wash trading, with earnings from this activity increasing by nearly 9.5% to $37.69 million.Last week, Polygon produced a great performance. With an 11.2% increase in revenues, it surpassed the Bitcoin…

The cryptocurrency market continues to evolve rapidly, with new exchanges emerging all the time. One such platform is Zoomex, established in 2021 to provide a user-friendly and secure environment for crypto trading. Dive into our comprehensive Zoomex review, where we delve into the platform’s cutting-edge trading features, robust security measures, and transparent fee structure. We’ll also examine its potential advantages and limitations, providing you with all the insights needed to determine if this exchange is the perfect fit for your trading needs.Key Takeaways:Zoomex is a spot and futures cryptocurrency exchange with other advanced features like copy trading, leverage trading, and no…

The Web3 gaming ecosystem is witnessing a paradigm shift, especially after the market shifts in 2022. After struggles with low-quality gameplay and unsustainable rewards, there’s a marked shift towards better gameplay, with fun taking center stage once again. One of the leading examples of such games is Shutdown, a Web3 role-playing and first-person shooter game with a reward structure that’s built around skill rather than chance. The game is powered by its native token, FUSE, and requires players to hunt and harvest, complete quests, and team up with others in a battle to take down a rogue AI. What is Shutdown? Shutdown is…

The NFT market experienced a downturn this week. Sales dropped by nearly 16%, reflecting a notable decline. Sales in the market increased by 17% last week. This makes the recent drop even more striking in contrast. Total sales reached $121.7 million by CryptoSlam. Over 519,000 traders were actively trading, showing continued high levels of engagement.Ethereum Leads the WayThe Ethereum network saw $39.28 million in sales. This showed an increase of 14.48% from the week before. The amount of active traders on the Ethereum NFT increased. The number rose by almost 48% to 23,586. Additionally, wash trading increased on the network…

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…

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…

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…

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…

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…

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…