Web3 Weekly Review: Magic Eden's NFT Expansion, OpenSea's M&A Strategy, and Farcaster's Social Media Revolution...
NFT Weekly News #38 22th Jan- 28th Jan
NFT News Weekly Update #38
(22/01/2024-28/01/2024)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Here you can find the latest curated news📰in the NFT world. Every week, we aim to provide a selection of the most interesting news and events that are fostering the development of the NFT world.
The NFT field is constantly evolving, and this article will review last week's Top🔝NFT news. Let's take a look👀together!
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Top News 🔝
📌NFT |Magic Eden's Leap: New Rewards, Wallet, and Open NFT Framework (Jan 22)
Magic Eden revolutionizes NFT and Web3 spaces with new multi-chain rewards, a universal wallet, and open-source tools, aiming to enhance user engagement and expand its blockchain footprint.
📌NFT|OpenSea Eyes M&A Prospects Amidst NFT Market Fluctuations (Jan 28)
OpenSea CEO Devin Finzer expresses openness to M&A opportunities, aiming to navigate the shifting NFT market. Despite a dip in trading volumes and rising competition, OpenSea focuses on user safety and innovation, prepping for a potential industry consolidation and enhancing its platform with user-centric features and robust security measures.
📌Web3|Farcaster Frames: Revolutionizing Social Media with Interactive Web3 Apps (Jan 28)
Farcaster Frames serving as an extension of the Open Graph protocol, to integrate interactive applications directly within social media posts. These 'Frames' allow users to interact with various functionalities, such as coin swaps or NFT minting, directly through embedded iframes in social feeds. This feature is part of Farcaster, a decentralized social protocol built on Ethereum and Optimism, offering a new, interactive dimension to social media engagement.
Market Update 📣
Nakamigo ,Elemental , Azuki were the main NFT PFP projects sold last week.
Chromie Squiggle, Memories of Qilin, Harvest were the main NFT Art projects sold last week.
To find out more about the notable NFT sales for the week, please click on the link below.
Other News 👀
NFT| Fashion Giants Merge with NFT Space, Forging New Digital Frontier (Jan 22)
CoinGecko reports that 42% of top global fashion brands have adopted NFTs, with major players like Adidas, Nike, and Puma leading the charge. The move integrates digital collectibles with traditional fashion, enhancing brand engagement and paving the way for creative consumer experiences in the digital realm.
Web3|$WEN Token Launch: Jupiter Exchange's Ode to Community (Jan 26)
Jupiter Exchange launches $WEN, a meme token rewarding its active users and NFT holders, with 70% distributed to over a million wallets. The token, representing a fractionalized piece of weremeow's poetic NFT, aims to embody the crypto community's spirit. $WEN, trading as a fungible token on Solana, marks the first release on Jupiter’s LFG Launchpad, preceding the anticipated $JUP airdrop.
NFT|Warpcast Debuts NFT Token-Gated Group Chats with a Social Proof Twist (Jan 26)
Warpcast introduces token-gating for group chats, allowing NFT holders to create exclusive chat spaces. However, joining these chats requires meeting Farcaster social graph criteria, ensuring an engaged and relevant community beyond mere NFT ownership.
Web3|Coinbase's Next-Gen Service: Non-Custodial Wallet Creation and Enhanced Crypto Accessibility (Jan 24)
Coinbase unveils a new Wallet-as-a-Service platform, enabling developers to create non-custodial crypto wallets. This service enhances user convenience with features like global fund transfers via social media and messaging apps, and an Instamint function for creating AI-generated NFTs, signaling Coinbase's commitment to innovation and user-centric solutions in the crypto space.