This week’s newsletter brings some exciting updates from the NFT world. Magic Eden, an NFT platform, took the lead over Blur in trading volume during March. Furthermore, Yuga Labs announced plans to sell two of their NFT games. Elsewhere, Manchester City football supporters have a chance to own limited-edition jerseys through NFTs. Lastly, a former Disney executive unveiled a new Web3 game publishing company. Additionally, tune in for this week’s Nifty News, which covers PayPal’s decision to eliminate protections for buyers and sellers in NFT transactions.
Magic Eden passed Blur as leading NFT marketplace in March: CoinGecko
In March, Magic Eden, an NFT marketplace built on Solana, experienced a significant jump in monthly trading activity, recording a total of $756.5 million. This marked a remarkable 194.4% increase compared to the previous month and surpassed the leading platform Blur’s trading volume of $530.4 million during the same period.
Based on a recent analysis from CoinGecko, Magic Eden experienced growth in part due to the introduction of its Diamond rewards system and its ongoing collaboration with NFT powerhouse Yuga Labs. Magic Eden saw significant expansion in March, marking its sixth straight month with an uptick in trading activity.
Yuga Labs offloads two NFT games amid effort to “unshackle” BAYC team
Yuga Labs, the innovative team behind the famous NFT collections Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), have transferred the rights to two of their games, HV-MTL and Legends of Mara, to gaming studio Faraway in the Web3 world.
The company’s decision was perceived as a step to free up the team and enable them to carry out their plans, aligning with past comments from CEO Greg Solano.
Man City and OKX release limited-edition jerseys tied to rare NFTs
Manchester City Football Club introduces a fresh NFT series for supporters, granting the chance to secure exclusive jerseys and match attendances as rewards.
In collaboration with cryptocurrency exchange OKX, Manchester City offers fans the opportunity to create NFTs (Non-Fungible Tokens) on their platform. The uniqueness of each NFT determines the possibility for its owner to win signed jerseys as a reward.
Christian Jeffrey, a skilled artist, has personally painted intricate designs on the jerseys. These designs showcase the Lancashire rose and the Manchester bee representing the hardworking people.
Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent
A veteran executive from Disney collaborated with a group of experts in Hollywood and video games to establish Galactic Entertainment Publishing, a new Web3 game company situated in the UAE. Galactic Entertainment Publishing is the initial branch of the Galactic Group.
Since 2022, Galactic Entertainment’s initial venture, PlanetQuest, has been under development. Prior to its release, Loren Roosendaal, the CEO of Galactic Entertainment and PlanetQuest’s founder, announced that the game had accumulated a community of 200,000 NFT holders.
Nifty News: PayPal removes NFT protections, Adidas NFT sneakers and more
Starting May 20, PayPal will no longer provide protection for purchases of Non-Fungible Tokens (NFTs) through their platform. The revised terms of their Purchase Protection Program no longer cover NFT transactions.
At the same time, Adidas collaborated with Stepn to launch exclusive NFT (Non-Fungible Token) sneakers on the Solana blockchain.
Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.
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2024-04-24 22:07