Web3 Weekly Review: Yat Siu's fight for attention to NFT, Schumer's crypto bill promotion..
NFT Weekly News #60 12th August - 19th August
NFT News Weekly Update #60
(12/08/2024-19/08/2024)
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 🔝
📌 NFT| Animoca founder says NFTs ‘fighting for attention’ with memecoins but have staying power （Aug 12）
Yat Siu, chairman of Animoca Brands, said that NFTs are currently battling memecoins for attention but have outlasting qualities.
Animoca is still considering a return to the public market, with a potential IPO “more likely in 2026,” Siu said.
📌 US Politics|Schumer Sets Stage for New Era of U.S. Crypto Politics(Aug 16)
During Crypto4Harris town hall Wednesday night, Senate Majority Leader Chuck Schumer said he would try to pass a crypto bill through the upper chamber by the end of the year. Still, it’s not clear what Harris thinks about crypto, or would do about it if elected.
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 trading volume, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
Layer 1| Canto Blockchain down for more than a day due to Consensus (Aug 12)
Canto’s outage is reportedly linked to a failed chain upgrade. The price of Canto's token increased by 100% after the network went down for more than a day, drawing attention from the market. The situation has led to discussions about Canto's transformation into a meme coin.
Crypto Macro| Polymarket sees $4.5m bet on Trump & Elon talk, with crypto unmentioned(Aug 12)
There was a $4.5M bet on live Elon x Trump conversation on Polymarket on the 12th of Aug. Nearly $2.5M was bet live. Only 3 words hit Yes - MAGA, Tampon, and Illegal Immigrant, so the house won. Crypto was not mentioned during the two-hour long event.
Meme| Pump.fun daily revenue outpaces the next 24 protocols combined(Aug 14)
Solana memecoin deployer pump.fun has generated a record $5.3 million in revenue on the 13th August, more than the daily revenue of the next 24 highest-earning protocols combined.
Crypto Macro| Eric Trump teases ‘major move in to crypto’ (Aug 15)
The Trump Organization will be announcing a major new initiative in the coming weeks concerning crypto currency, said company president Eric Trump . He also mentioned on Twitter that the only official Trump project has NOT been announced yet, so people need to be cautious about fake tokens.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, NFT marketplaces saw their total volume drop to $77.4 million. Ethereum continues to lead the market, holding the top position with a 48% share.
Credit to : @NFTpulse