The NFT market witnesses a significant sales spike of 16.36%, totaling $224.5 million, amid fluctuating cryptocurrency values. Notably, Pudgy Penguins leads with sales escalating by 50%, while Ethereum remains the dominant blockchain network.
Solana (SOL) is gaining traction, trading around $226.74 with positive signs for further growth. Boosted by dApps and NFTs activity, alongside favorable economic trends, SOL is on the verge of a breakout with a $264 target in sight and an optimistic projection of reaching $300.
The NFT market experienced a robust start to December, with weekly sales volumes hitting $187 million, showcasing increased investor interest. However, the period also highlighted challenges, such as notable scams and technical issues with new crypto token launches.
Ethereum-based NFTs see a robust start to December with a staggering $187 million in weekly sales volume, led by Pudgy Penguins and CryptoPunks collections. As the NFT market rebounds, Ethereum’s price concurrently makes substantial gains, crossing the $4,000 mark.
Observing a significant surge in November 2024, the NFT market’s sales volume increased by 57.8%, indicating a robust uptick in interest during the broader recovery of the cryptocurrency sphere, led by blue-chip collections and a varied blockchain ecosystem.
Despite a minor weekly setback, the NFT market progresses strongly in November, with Ethereum and Solana leading in sales and buyer count, respectively.
Mythical Games teams up with FIFA to introduce the new mobile game FIFA Rivals, set for a 2025 release, while MemeFi launches amidst market volatility, and Flickplay partners with Bandai Namco for a unique Pac-Man NFT scavenger hunt.
NBA star Shaquille O’Neal has agreed to an $11 million settlement to resolve a lawsuit over his involvement with the Astrals NFT collection. The settlement addresses allegations of promoting unregistered securities and aims to compensate investors for their losses.
The NFT market has experienced a significant uptick with sales volume reaching $96.1 million, marking a 16.1% increase, while Bitcoin’s NFT ecosystem surprisingly overtakes Solana for second place following Trump’s election victory and crypto market rally.
In a groundbreaking move, Colle AI announces its innovative feature allowing seamless NFT transfers across multiple blockchains. This development addresses crucial interoperability challenges within the NFT ecosystem, providing users unprecedented flexibility and control over their digital assets. By facilitating easy migration of NFTs between different blockchains, Colle AI enhances the value and utility of digital…
