Web3 Weekly Review: OKX's NFT Dominance, Solana Saga's eBay Frenzy, and the Surge of Solana Memecoins...
NFT Weekly News #34 18th Dec- 24th Dec
NFT News Weekly Update #34
(18/12/2023-24/12/2023)
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 |OKX Leads NFT Market, Surpassing Blur and OpenSea Amid Bitcoin Ordinals Surge (Dec 18)
OKX's NFT marketplace has surpassed Blur and OpenSea in daily trading volume, reaching $50.33 million, driven by high demand for Bitcoin Ordinals NFTs. This surge in Bitcoin NFTs, with a weekly trading volume of $305.44 million, has positioned OKX at the forefront, aided by their support for BRC-20 tokens and collaboration with UniSat Wallet. Despite the growing interest in Bitcoin Ordinals, experts warn of the volatility in the nascent crypto market.
📌Web3|Solana Saga Phones Soar in Price on eBay Amid $Bonk Hype (Dec 18)
Solana's Saga Phones, not yet shipped, are selling for up to $5,000 on eBay, driven by excitement over included 30 million $BONK tokens and Solana's growing ecosystem. While there's high demand, buyers face risks of fraud and unclaimed $BONK. Solana's future app expansions suggest more benefits for phone owners.
📌Web3|Rising Popularity of Solana Memecoins in Crypto Market (Dec 21)
Solana's meme tokens, including $BONK, $WIF, $SILLY, $GECKO, $POPCAT, $CHONKY, $ANALOS, $MYRO, and $BONER, are gaining momentum with rising decentralized exchange volumes outpacing Ethereum. $BONK leads with over $1.1 billion in market cap. These tokens highlight Solana's appeal for lower transaction fees and quick trading, but investors are advised to be cautious of the risks and volatility in memecoin investments.
Market Update 📣
Madlads, Pudgy Penguins, and Elemental were the main NFT PFP projects sold last week.
Chromie Squiggle, Winds of Yawanawa 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|Sotheby's "BitcoinShrooms" NFTs Fetch $450K in Landmark Auction (Dec 18)
Sotheby's auction of "BitcoinShrooms" NFTs, created by "Shroomtoshi," achieved an impressive $450,000, greatly exceeding the expected $20,000-$30,000 each. The auction showcased unique pieces and drew 148 bids, mainly from new entrants, highlighting the burgeoning interest in Bitcoin Ordinals inscriptions. This event marks a significant shift in the NFT landscape, emphasizing the growing potential of Bitcoin-based digital art.
NFT|BAYC Founder Acquires SOL NFT, Spurs Excitement in Community (Dec 18)
AThe BoDoggos Discord community is ecstatic as the founder of Bored Ape Yacht Club (BAYC), @GordonGoner, makes his entry into the Solana ecosystem by purchasing a Bodoggos SOL NFT. This move by a prominent figure in the NFT space has significantly boosted the enthusiasm and visibility of the Bodoggos collection within the NFT community.
NFT|China Advances NFT and Decentralized App Development, Continues Crypto Ban (Dec 20)
China reinforces its commitment to blockchain innovation by focusing on NFT and decentralized application development, despite its ban on cryptocurrency trading. This move includes strategic planning for Web 3.0 and piloting digital identity systems, aligning with local metaverse industry growth and introducing a real-name decentralized identifier system for enhanced data protection.
Web3|Epic Games Lists 'Adults Only' Blockchain Games, Easing Policy (Dec 21)
Epic Games has updated its policy to allow blockchain games with 'Adults Only' ratings on its platform, notably reinstating games like "Gods Unchained" and "Striker Manager 3". This move signals a shift towards embracing blockchain technology in gaming, despite the ESRB's stance that not all blockchain games require an 'Adults Only' rating. This development is a key step in the integration of web3 gaming with mainstream gaming platforms.
NFT|Yuga Labs Debuts Simplified CryptoPunks Trading Wrapper (Dec 22)
Yuga Labs has released the CryptoPunks721 wrapper, simplifying the trading of CryptoPunks by allowing single-transaction wrapping and unwrapping, thus reducing gas fees. This innovation addresses the complex trading process of pre-ERC-721 standard CryptoPunks, making it more user-friendly and cost-effective.