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Top NFT News for February 23, 2024
- NFT Market Data
- Bitcoin Surpasses Ethereum
- OpenSeason vs. OpenSea
- Pudgy Penguins Expands Toy Collection in Major US Retail Chain
NFT Market Data
The NFT sales volume has increased by 2.35% to $52,286,636 over the past 24 hours. Notably, only three of the top 10 collections per sales volume are down today. NodeMonkes’ sales volume fell 60% to $2.5 million, Pandora is down 22% to $1.42 million and holds the fourth spot, and Froganas’ sales volume decreased 4% to $1.4 million. On the other hand, Tensorians had the highest increase, with a 439% rise to $1.88 million. Uncategorized Ordinals are in first place with $4.75 million, marking a 7% increase.
There has also been a significant change among the top 10 blockchains.
Bitcoin Surpasses Ethereum
Over the past 24 hours, Bitcoin has surpassed Ethereum in NFT sales volume. Despite the usual market movements, the ranking is expected to change again soon. Zooming out to check the 30-day sales volume, Ethereum is up 26% to $522.6 million, while Bitcoin’s sales volume is down 36% to $275.8 million.
OpenSeason vs. OpenSea
A conflict has emerged between game developer Fractional Uprising Studios, creators of OpenSeason, and NFT marketplace OpenSea. The studio accused OpenSea of falsely disabling their collection and denying them an appeal, leading to the unveiling of a video featuring a ship next to a dock labeled “OpenSea.” OpenSea had delisted the studio’s Ethereum NFT passes, citing a violation of its policies, a claim that OpenSeason has denied.
Meanwhile, Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club (BAYC), parted ways with OpenSea due to a change in the platform’s royalty model.
Pudgy Penguins Expands Toy Collection in Major US Retail Chain
Pudgy Penguins has expanded its partnership with US retailer Walmart, adding Pudgy Toys to 1,100 new locations. The brand quickly became a top seller on Amazon in three separate categories, and the toys are now available at 3,100 stores. The Walmart exclusives comprise 30 different toys, including five collectible Pudgy figurines and 25 Lil Pudgys igloos with unique Pudgy characters inside, ranging in price from $2.99 to $11.97.
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.
