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The NFT market is continuing to struggle, according to figures from the latest DappRadar report. Confirming a worrying picture that is slowly beginning to crystallize. NFT trading volume dropped 38% from Q1 to Q2. NFT sales also saw a 9.2% decrease. Trading volume refers to the total amount of currency (usually dollars) exchanged within a particular period. Sales, a more obvious metric, refers to the number of NFT purchases (or trades). Both figures together give a more accurate picture of the state of the market. And in this case, it isn’t good. Looking at almost any metric, the NFT market…

It’s been over four and a half years since Gods Unchained first released their beta version. And in all that time, with numerous updates, patches, and card expansions, players have still been relegated to playing only the one, standard game mode. But that all changes with the latest update from the Gods Unchained team, which opens up a rotating selection of different game modes! The day that many Gods Unchained players have been waiting for has finally arrived — the introduction of new game modes! No longer will players be forced to stick with the same old standard game. Now…

Renowned as the “king of cool,” Steve McQueen, with his enduring passion for motorcycles, is entering the Web3 space. His indomitable spirit lives on through an exclusive NFT collection to be launched on July 14. This project is a collaborative endeavor involving the McQueen Estate, Web3 talent agency Verified Labs, contemporary artist Michael Kalish, Triumph Motorcycles, and Web3 animation studio Immersive Entertainment Laboratories (IEL).The collection comprises 1,000 generative art collectibles with distinct rarity traits, aiming to pay tribute to the iconic actor. ThetaDrop platform, part of the Theta network, serves as the marketplace for these digitally immersive pieces. The conception…

Blur Founder Pacman has defended his platform against allegations of it crashing the non-fungible token (NFT) market floor price. While certain blue chip NFTs are near their yearly lows, the community has blamed the NFT marketplace Blur’s incentivization model for the fall in the market. Blur founder Pacman took to Twitter to defend his platform. Blur Founder Pacman Defends The Platform Pacman quote retweeted a community member’s tweet who was speaking against the “Blur killing NFTs narrative.” The Blur founder explained that some floor prices have gone up, whereas others have gone down. He complained that the community would not…

Telescope Labs, a startup specializing in data analytics and AI-powered game economies, recently announced its leap into the Web3 gaming sector with a suite of cutting-edge solutions. This move follows a successful pre-seed funding round held in September, during which the company raised over $2 million from investors such as Griffin Gaming Partners and Kube VC. Based in London, Telescope Labs aims to leverage these funds to provide next-generation data analytics and predictive models, thus reshaping the virtual economies within Web3 gaming.Cutting-Edge Solutions and Strategic PartnershipsTelescope Labs harnesses the power of machine learning and predictive models to enhance efficiency for…

Check out the latest updates from Cool Cats, including new games, upgrades to the Cool Pets collection, and the discontinuation of $MILK generation.Cool Cats NFT collection recently announced a series of significant updates during a highly anticipated Town Hall event. The company unveiled plans to collaborate with top game developers to launch three new games within the next year. Alongside the game launches, Cool Cats also revealed upgrades for the Cool Pets collection and shared important information regarding the discontinuation of active $MILK generation.New Games on the HorizonCool Cats has struck strategic partnerships with leading game developers to bring three captivating…

Swiss investment bank, Credit Suisse, is taking strides with the Swiss Football Association (SFA) to kickstart a collection of NFTs supporting women’s football on July 11.The digital collectibles, set to boot off on the Ethereum blockchain, will include 756 digital portraits of members acquirable through Credit Suisse’s digital banking application, CSX, starting from $167 and up to $11,000. The reasons behind the wide price spectrum include the collection offering three enticing packages SFA fans can’t refuse: physical artwork counterparts, meet-and-greet opportunities with iconic players, and a signed jersey.Another Goal-Orientated CollaborationThe tactical move forging the partnership includes funding to propel the function…

La Monnaie de Paris, a historic monetary institution famous for its centuries-old tradition of minting tangible coins, has embraced blockchain art. Venturing into uncharted territory, the ‘Babel’ NFT exhibit forges a bridge between the heritage of money and the art of tomorrow. Bringing together contrasting masterminds, including the British crypto-art icon Robert Alice, renowned NFT platform La Collection and the conservators and curators of La Monnaie de Paris, the world’s oldest operational coin mint is now promoting artists that blend traditional and modern relics until October 22. I am delighted to announce that my exhibition “Babel” is live on @LaCollectionOff and ready to be…

NFT creators have experienced a significant drop in royalty payments, reaching a two-year low in June, according to data analytics platform Nansen. The decline in payouts has been attributed to the rise of royalty-optional marketplace Blur and OpenSea’s policy, where collectors have the choice to contribute more to creator royalties.Decline in Creator PayoutsJune’s peak week saw creators collectively earn approximately $3.8 million in royalty payments, a stark contrast to the peak of nearly $76 million in one week of earnings observed in April 2022. This downward trend has raised concerns within the NFT community regarding the sustainability of royalty earnings for creators.The…

Bitcoin (BTC), the oldest and largest cryptocurrency network, is dealing with a controversial new feature that is dividing community opinion. Introduced in January 2023, the Bitcoin Ordinals protocol has caused an increase in transactions on Bitcoin. Described by some as Bitcoin NFTs, Ordinals bring a new type of utility to the Bitcoin network that has immediately resonated with users. It has, however, courted controversy because it is both leading to congestion on the network and is not designed to be a payment solution (check World Coin Stats for updated data and performance metrics on Bitcoin, as well as other cryptocurrencies).…