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The Cryptonomist had the chance to go to the Castle Party 2023, an event around NFTs organized by the famous artist Trevor Jones. So we sat down with him, speaking about his career, his events and his plans for the future. Why did you decide to organize the Castle Party 2023 in Paris? Will you donate the proceeds of this party? How is your collaboration with MakersPlace, which are also sponsors of this event? How is it going with your ETHBoy project? What do you like the most about the NFT space? How did you enter the NFT space and…
This remarkable achievement catapulted OKX NFT Marketplace ahead of industry rivals, Blur and OpenSea, in terms of trading activity. The marketplace’s rapid ascent can be attributed to its strategic focus on aggregating liquidity from various exchanges. By providing a seamless and efficient platform for NFT trading, OKX has successfully attracted a significant influx of users seeking to capitalize on the booming NFT market. What sets OKX NFT Marketplace apart is its ability to cater to the burgeoning community of DeFi enthusiasts, affectionately known as “Degen players.” With overall active addresses accounting for approximately 49.6% of Blur and 14.8% of OpenSea,…
A new phase begins in the HV-MTL Forge, as Yuga Labs opens The Hunt, allowing players a chance to gather loot and craft items for their HV. Players enter The Rift and engage in a Rogue-type dungeon crawler as they look for crafting materials and other special items. The world of HV-MTL Forge expands as the dungeon crawling feature of the game opens. Known as The Hunt, this phase allows players who have expanded their Forge far enough the opportunity to adventure into The Rift and gather materials to craft Augments for their HVs! The Hunt is a rogue-like adventure…
NFT transactions have recently remained a prominent area of growth for XRP Ledger (XRPL). Total NFT transactions were one of the few network activity metrics to grow QoQ in the previous quarter. NFTs are incorporated into the XRPL core protocol and, unlike issued currencies (also known as native tokens), do not require smart contracts for creation or transfer. NFTs were standardized by XLS-20 in October 2022, introducing perks such as royalties and anti-spam features that help users avoid undesirable tokens but also stay compliant. On the mainnet of XRPL, increased activity in various NFT transaction types reflected a focus on…
Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital collectibles. Today we’re releasing support for cNFTs (find them in our popular collections) cNFTs are a new wave of NFT creation only possible on Solana. The “c” stands for compressed (not Cardano don’t worry) which allows them to be produced at a fraction of the cost of traditional… pic.twitter.com/WbO4qqWLEt — Magic Eden (@MagicEden) September 14, 2023 cNFTs are different from the usual Solana NFTs because their data are compressed and are stored off-chain. Because…
At a time when any move in the NFT sphere must be approached with trepidation, Nakamigos has unveiled the latest stage of it project. As a result, the team will launch 20k new ‘Nakamigos-CLOAKS’ NFTs on September 21, however, not everyone is enamored by the move.Through its latest initiative, Nakamigos will launch 20k new ‘game ready’ CLOAKS NFTs on September 21. The drop will kick off with a 3-hour free mint for existing holders at 12pm, before opening up to everyone at 4pm for a price of 0.05 ETH ($80). In order to qualify for the free mint, however, collectors…
As the NFT market continues to move deeper and deeper into unknown territory, some collections have fared better than most. This week, the indomitable Pudgy Penguins held fast in the recent bout of turbulence to eclipse both DeGods and Azuki in floor price.Over recent months, many NFT collections have seen their floor prices decimated in the wake of a turbulent 2023. Much of this has been attributed to cynical speculation, rewards token farming, ETH-backed lending, and ill-timed NFT drops. However, while the market remains disrupted, one collection has not only weathered the storm admirably, but bucked the trend completely.This week,…
The time has come to assemble your Mechs and battle for glory and a top spot on the leaderboards as Wreck League opens their inaugural leaderboard tournament! With over 1.4 quadrillion possible combinations of Mech parts, each mech fighter will be different, and every combat a different experience! Just announced recently, Wreck League is already letting players open boxes to find Parts, assemble those parts into Mechs, and take their Mechs out for some PvP action! And they are kicking things off with a bang as they immediately launch into a leaderboard tournament with thousands of prizes! Mez’i’s Mayhem Mez’i’s…
The community of NFT holders in prominent Ethereum collection Nouns fractured into two late Friday when a proposed fork from the project was completed. Holders of more than half of all Nouns NFTs opted to leave—and collectively withdrew over $27 million worth of ETH from the project treasury in the process. The owners of 472 total Nouns NFTs—out of 846 in total, or almost 56% of the collection—joined the fork, and took almost 16,757 ETH ($27.3 million worth at present) with them from the current Nouns DAO treasury into a new DAO organization. A DAO, or decentralized autonomous organization, is…
beginner There are two ways of explaining NFTs. The first one’s short and dumb, and the second is actually viable. Let’s start with the silly option: NFT is a non-fungible token. This is a brilliant and common explanation that clears out exactly nothing. Of course, knowing what “NFT” stands for is not enough to understand it. Therefore, we need to explain the craze for these digital objects in a way so that even your grandmother will be curious to check it out. Isn’t “digital craze” a bit of an exaggeration? Oh, no. According to NonFungible, NFT sales have grown 131…
