Web3 Weekly Review: Polymarket Sees Over $200 Million in Election Bets ...
NFT Weekly News #54 1st July - 7th July
NFT News Weekly Update #54
(01/07/2024-07/07/2024)
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 🔝
📌US Politics|Crypto’s Mainstream Adoption: Polymarket Sees Over $200 Million in Election Bets (July 1)
As the US Presidential election approaches, Polymarket, a decentralized prediction platform, is capturing mainstream attention with over $200 million in wagers on the election’s outcome. This surge in activity marks a pivotal moment for cryptocurrency’s integration into mainstream financial practices.
Web3|Igloo, Inc. Acquires the Frame Team and Announces Plans to Contribute Towards Consumer-focused Blockchain(June 28)
Igloo, Inc. ("Igloo"), Pudgy Penguins' parent company today announced the acquisition of the Frame team. Frame co-founders and blockchain developers Cygaar and Beans will contribute towards building a new Ethereum Layer 2 blockchain, Abstract, designed to take on the consumer crypto opportunity. Frame will be sunsetted.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Punk and Azuki. Punk No.2 was sold at 130ETH, comparing to Punk’s floor price of around 28ETH, low number NFT of Crypto Punks got premium of more than 100ETH.
Chromie Squiggle, Ringer and Fidenza stood out as the main NFT Art projects sold last week. Ringer has experienced in the past week an increase in trading price, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Other News 👀
US Politics|Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report (July 3)
A New York Times report that President Joe Biden is weighing his future in the 2024 race prompted traders on Polymarket to boost the odds the Democrat will drop out nearly 80% on Wednesday. That's up from 55% earlier.
US Politics|Multicoin Capital Pledges up to $1M for Pro-Crypto Senate Candidates(July 5)
Multicoin Capital, one of the largest U.S. investment firms focused on cryptocurrency, is pledging up to $1 million to support Senate candidates with favorable views of the industry.
The investment manager plans to financially support four Republican candidates – Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio and Tim Sheehy in Montana – through donations to the conservative super political action committee (PAC) Sentinel Action Fund.
Meme|KAMA token surges on Harris election chances (July 3)
KAMA Jumped 240% to a $10.4M. This came while Harris odds to win the US Election notched almost even with Biden, at 13% vs his 15%.
Her odds to become the Democratic Nominee more than tripled to 35% as well. Notably, this candidate odds were 1% on June 27.
Web3|Raydium supports SOL Blink for all assets(July 2)
@RaydiumProtocol now supports Solana Blink creation for all assets.
Meme|@Jupiter Exchange Introduced APE (July 3)
APE allows users to see and trade tokens as soon as they are launched, alongside their @Rugcheckxyz safety Profile.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, the NFT marketplaces reduced to a total volume of $108.1 million (-20.5% weekly) in total, in which ETHEREUM leads the NFT marketplace with a 44% market share. Polygon stays at Top 2 for several weeks with an increasing market share at 29%.
https://www.nftpulse.org/chain