📰 Table Of Contents
NFT News Update
In the latest NFT news, after a period of increasing sales volume, the NFT market has returned to the red zone. According to CryptoSlam, the sales volume has decreased by nearly 13% over the past day, amounting to $42,137,944. There has been a decrease of over 30% in buyers, sellers, and transactions.
Top Ten Collections
Reviewing the top ten collections in terms of sales volume, the picture is mixed. Pudgy Penguins experienced the biggest increase in the last 24 hours, soaring by 242% to $1.5 million. On the other hand, Nobody’s witnessed a 75% drop to $719,751. Pandora remains at the top of the list with $14.98 million, significantly higher than the second-placed CryptoPunks at $1.8 million.
Top Ten Blockchains
Looking at the top ten blockchains over the past day, notable changes have occurred with Ethereum and Solana. Ethereum remains in first place with a daily volume of $28.6 million. Following an outage, Solana has re-entered the top five and currently sits in fourth place with $1.13 million, despite an 80% drop.
Punk In Residence Program
Yuga Labs has announced details about its Punk In Residence program, aiming to work with two artists per year. Web3 background is not required, and participating artists may live and work from anywhere. They will receive ongoing mentorship, technical guidance, and production support to create new pieces in collaboration with Yuga Labs and the CryptoPunks team.
Creator’s Alliance by Magic Eden
Magic Eden has revealed a new alliance between major projects in the NFT space called the Creator’s Alliance. The alliance focuses on promoting a sustainable royalty framework to empower creators and grow the NFT ecosystem. It supports marketplaces that enable creators to earn royalties at the rate they set.
Partnership on UX-Rich Web3 Gaming Experiences
Aptos Labs has partnered with game studio Supervillain Labs to develop original games on the Aptos Network. This partnership aims to bring innovative entertainment and open up adoption in the gaming space. The collaboration will include an investment in developing games that utilize the features of the Aptos blockchain.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
