Web3 Weekly Review: X Drops NFT Avatars Amid Shift to AI, Polygon Outranks Ethereum in NFT Volume, and Sotheby's Pioneers Bitcoin Ordinals Auction...
NFT Weekly News #36 8th Jan- 14th Jan
NFT News Weekly Update #36
(08/01/2024-14/01/2024)
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!
(Please don't forget to subscribe below and follow Threekeyslab on Twitter for more! )
Top News 🔝
📌NFT |Elon Musk's X removes NFT PFP support(Jan 10)
Elon Musk's X, formerly Twitter, has removed the NFT profile picture option for paid subscribers. This change, part of X's new focus on peer-to-peer payments and AI, follows a trend of social media platforms scaling back on NFT features. Despite this, the NFT market is experiencing a resurgence.
📌NFT|Polygon Tops Ethereum in Daily NFT Trade Volume (Jan 8)
Polygon has surpassed Ethereum in daily NFT trade volume for the first time, driven by popular collections and a rise in transaction activity. Despite some fluctuations, Polygon's growth, highlighted by an increase in its token value and market cap, signifies its rising prominence in the blockchain sector.
📌Web3|Sotheby's Curates First Bitcoin Ordinals and Rare Satoshis Sale (Jan 12)
Sotheby's is auctioning Bitcoin Ordinals and "rare satoshis" for the first time, blending traditional and digital art in their "Natively Digital" series. The sale features unique digital collectibles from renowned creators.
Market Update 📣
Crypto Punks, BAYC, Azuki were the main NFT PFP projects sold last week.
Chromie Squiggle, Winds of Yawanawa, 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|Guide to Acquiring Shiba Inu NFTs on Shibarium (Jan 14)
Shibarium, linked to the Shiba Inu altcoin, offers an array of NFTs in its Layer-2 blockchain, focusing on gaming and the Metaverse. To buy these NFTs, users need Ethereum and Shiba Inu assets, with $BONE as the primary transaction currency. Following a simple guide, users can access and purchase NFTs on Shibarium's marketplaces, enjoying low transaction fees and a range of digital collectibles
NFT|OpenSea Debuts Email Wallet for Easy NFT Transactions (Jan 9)
OpenSea introduces a feature for creating crypto wallets with just an email, simplifying NFT trading. This user-friendly approach, supported by nine major blockchain networks, streamlines buying, selling, and managing NFTs, making the NFT world more accessible to newcomers.
Web3|Varied Responses to Yuga Labs' Latest 'Otherside' Trailer (Jan 9)
Yuga Labs' new trailer for the Otherside metaverse's third playtest has elicited mixed feedback, primarily due to its low frame rate. Despite initial concerns, the latest update indicates that the performance issues have been resolved, raising hopes for the project's successful playtest in February 2024..
NFT|Azuki Teams Up with Gorō Taniguchi for Anime Series (Jan 10)
Chiru Labs and director Gorō Taniguchi are creating an anime anthology series to expand Azuki's universe and explore new storytelling dimensions. The collaboration aims to attract global anime fans and support Japanese animation talent.
Web2|Social Media Platform X Plans to Launch P2P Payments (Jan 12)
X, previously Twitter, is introducing peer-to-peer (P2P) payments, part of Elon Musk's plan to evolve the platform into a comprehensive financial and social app. With licenses in 14 states and a partnership with eToro, X is gearing up to compete in the financial tech space.
NFT|OKX Partners with Stephen Chow and Nobody for Exclusive NFT Whitelist Event (Jan 11)
OKX NFT market collaborates with Stephen Chow and Nobody to offer a limited-time whitelist subscription for Nobody NFT. Users can join by completing specific tasks, with only 2,500 spots available. OKX, a zero-fee, multi-chain platform, aggregates orders from major NFT platforms and supports various blockchain ecosystems, positioning itself as a leading player in the NFT market.
NFT|GameStop Ends NFT Marketplace Operations (Jan 13)
GameStop is closing its NFT marketplace due to crypto regulatory uncertainties, marking its full exit from the crypto space. This follows the earlier discontinuation of their NFT wallet.