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The NFT market has arguably never been in more dire straits. A new industry report out this week confirmed the industry is on a long-term decline. But what can those involved and behind NFTs do about it? BeInCrypto asked experts for their thoughts. No matter how you slice it, the NFT market is struggling right now. Yesterday, August 3, DappRadar released its monthly industry report and confirmed that NFT sales had dropped for a fifth consecutive month. Five Consecutive Months of Decline for the NFT Market In July, NFT trading volume dropped by 29% to $632 million compared to June.…

Though they still aren’t open to the general public, Hunters On-Chain has decided to move into Season 0, offering a selection of rewards to a very limited number of players. Hunters On-Chain launches Season 0 of their top-down, action, PvE game. The season lasts for one month, and features a leaderboard with rewards for the top players. Unfortunately, these are the ONLY season perks, and they are only given to the top 10 players. Supposedly, the team was going to look into expanding the rewards, but we haven’t heard any news on that front. And just the fact that they…

Crypto advocates see NFTs as a way to revitalize music ownership in the streaming era, and startup Vault is taking a particularly unique approach: using limited edition live concert recordings to revive the classic concept of “cassette culture,” and potentially benefit indie artists in the process. Beginning this week, Vault’s “Cassette Culture 3.0” initiative is offering weekly drops of live recordings from underground and independent bands via its Solana-based NFT music platform. It’s designed to recall the approach by bands to create and distribute amateur recordings via cassette tapes to help build a following. As it stands, 10 live recordings…

The first of the play to mint events from Fableborne is now live. For the next forty-eight hours, players can download the game alpha and compete for one of the top fifty spots and a chance to earn a spot for the upcoming Primordial NFT mint! The first play to mint even for Fableborne began today. It started at 10am UTC time, and runs for forty-eight hours. Players can download the game on both iOS and Android mobile devices. You will need to register first at https://fableborne.com/, connect your Discord account, and join the official Fableborne Discord server if you…

VeeFriends and Reebok are taking new strides with a collaborative sneaker collection: the VeeFriends Aspiring Alpaca Classic Nylon, kickstarting to the general public on August 24. Quick Takes: Reebok and VeeFriends join forces to create a new series of sneakers. Priced at $90, these nylon and suede special edition sneakers feature VeeFriends’ ‘Aspiring Alpaca’ character. First-time VeeFriends Series 1 Aspiring Aplaca collectors can claim a pair of these sneakers for free. VeeFriends Series 1 and Series 2 NFT holders will have early access to the shoes on August 17. A Bold Step Forward for VeeFriends and Reebok VeeFriends’ celebrated NFTs…

This means that artwork minted on Base’s network can now be bought and sold on OpenSea, and the market leading NFT platform’s NFT-related toolkit will now be able to mint assets on Base’s extended network. OpenSea now supports the @BuildOnBase network! pic.twitter.com/iptsyajmV1 — OpenSea (@opensea) August 3, 2023 OpenSea has been a mainstay of the NFT industry, historically accounting for the majority of organic NFT transaction volume. Although it was overtaken by rival Blur earlier this year and its encrypted trading offers, with its reputation, Opensea remains the top NFT platform of choice for traders. The Layer 2 Network from…

Despite hinting at the launch of an in-house NFT marketplace since the beginning of the year, Amazon has yet to deliver on its promised digital collectibles hub. However, this does not mean that it has put its NFT plans on hold, with Amazon Prime subscribers now entitled to claim free tokens for the Polygon-based game, Mojo Melee!Available immediately, any gamers who subscribe to Amazon Prime who create a Mojo Melee account will qualify for the promotion. As a result, they can claim one NFT champion in the shape of Gwyn Rockhopper, and 850 units of the game’s non-tradable currency, ORE.Unlike…

NFT art superstar, Beeple, has once again raised eyebrows, this time with the audacious acquisition of CryptoPunk #4593. As a result, the move brings him firmly into the PFP community as one of its most high-profile members.Beeple’s CryptoPunk journey began on July 24 when he called on his legion of Twitter followers to help with his buying decision. Essentially, looking for advice on how to buy the best punk available, as he had surprisingly never bought a PFP NFT before. His following then rose to the occasion and the suggestions came flooding in.After great deliberation and much discussion on the…

nWay, a subsidiary of Animoca Brands, is gearing up to release “Wreck League,” an innovative mech fighting game built on NFTs. In this exciting game, players can assemble their mechs using collectible NFT parts, offering an astounding 1.5 quadrillion possible combinations. The game is set to launch in the coming weeks and will be available in both Web3 and Web2 versions.Building Unique Mechs with NFT Parts“Wreck League” introduces a thrilling concept that revolves around NFT-powered mechs. Players will need to mint a mech NFT, consisting of 10 mech parts found in boxes accessible to those on the Wreck League allowlist.…

The first season of Mojo Melee came to a close today. But, with only a short downtime, we launch into season two, which includes a special partnership with Amazon, offering exclusive drops to Amazon Prime members who link their accounts to Mojo Melee! Season One was dubbed Emergence of Champions, while Season Two is called Mark of Deception. Like Season One, Season Two comes with new Champions, new Spellstones, and a new Battle Pass. Our new Champions is Haile Tebab, who can mark a target on the other team for focus fire. The Spellstones are Haste and Chaos. Haste speeds…