Web3 Weekly Review: Solana Drift Bet's $3M in liquidity in 24h, $ME token for cross-chain trading, Durov arrested in France...
NFT Weekly News #61 19th August - 25th August
NFT News Weekly Update #61
(19/08/2024-25/08/2024)
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 🔝
📌 Web3|Solana's Polymarket Rival Drift Draws Over $3 Million in Liquidity in Debut(Aug 20)
“In the first 24 hours after Drift’s BET prediction markets launch, we’ve achieved more than $3.5 million total orderbook liquidity,” tweeted Drift co-founder Cindy Leow.
One key difference is that Polymarket exists on the Ethereum scaling solution Polygon, while BET and Drift live on Solana. According to Drift, BET benefits from Solana’s high speed compared to other blockchain networks and low costs.
📌 NFT|Magic Eden to launch ME token for cross-chain trading(Aug 23)
The Magic Eden (ME) Foundation has announced the upcoming launch of the ME token, a new token designed to support Web3 consumer decentralized applications (DApps) via cross-chain digital asset trading.
📌 Crypto Macro| Telegram founder Durov arrested in France(Aug 25)
Pavel Durov, the billionaire co-founder and CEO of messaging app Telegram was arrested at the Bourget airport outside of Paris Saturday evening.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Crypto Punks and Azuki. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Chromie Squiggle, Winds of Yawanawa and Ringer stood out as the main NFT Art projects sold last week. Ringer has experienced in the past week an increase in price, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
Web3|Fantasy top sees highest volume day in a month(Aug 19)
Fantasy's 100 ETH in volume on Saturday is its highest daily total since June 26.
Meme|Elon plugs DOGE in mock government role(Aug 20)
NFT|CryptoPunks saw $3.5M in sales volume with floor price up 25% on 20th Aug (Aug 21)
NFT| Most top NFTs up 5-20% after rally in Punks(Aug 21)
The CryptoPunks surge has sparked a rally for the other ETH NFT leaders. Green across the board with most up 3-7%.
NFT|Final Chromie Squiggle gets minted(Aug 22)
Chromie Squiggle #9999 gets minted.
Crypto Macro| Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds(Aug 22)
Think-tank Public Citizen found that crypto companies have contributed $119 million to crypto-friendly super PACs this election cycle.
Meme|BNB coins soar from launchpad Four(.)meme (Aug 23)
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, NFT marketplaces saw their total volume increased to $100.9 million. Ethereum continues to lead the market, holding the top position with a 50% share.
Credit to : @NFTpulse