? Magic Eden Having ‘Best Year Ever’ Despite NFT Market Slump: CEO
While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. When Magic Eden launched in September 2021, the NFT market saw $4.2 billion in JPEGs trade hands, according to CryptoSlam. At that time, Magic Eden was precluded from some of the NFT market’s buzziest projects, as the most successful ones ran rampant on Ethereum.

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@Defi_Trading_Nfts_Metaverse

? NFT Sales Drop 7.91% as Buyers and Sellers Pull Back Sharply
Over the past seven days, non-fungible token (NFT) sales have dipped once again, sliding 7.91% compared to the previous week. The number of NFT buyers has taken a notable hit, plummeting 73.46%, and sellers are following suit, down 61.18% from last week.

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@Defi_Trading_Nfts_Metaverse

? Magic Eden CEO Welcomes 'Regulatory Clarity' After SEC Threat to NFT Rival OpenSea
NFT marketplace OpenSea signaled that it was braced for a regulatory crackdown last month, the disclosure delivered a jolt to Magic Eden CEO Jack Lu. “It all happened very suddenly,” he said in an interview with Decrypt (video below), adding that the San Francisco-based firm has not received a so-called Wells notice from the U.S. Securities and Exchange Commission (SEC).

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@Defi_Trading_Nfts_Metaverse

? The iOS and Android Football Game With NFTs on Polkadot

When it comes to American football games, the Madden franchise has long been the cream of the crop. But now it has some competition—not just from EA Sports’ own College Football game, but also in the form of mobile game NFL Rivals, which incorporates NFTs. While NFL Rivals isn't trying to top Madden when it comes to presenting a lifelike simulation on your game console, it’s a free-to-play, arcade-style mobile football game that has the same official licenses from the league and players, offering bursts of entertainment on your smartphone or tablet.

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@Defi_Trading_Nfts_Metaverse

? Donald Trump’s latest NFT launch depicts him as superhero, motorcyclist
The new collection features 50 NFTs selling for $99 each, with additional “trading cards” showing Trump as a boxer, dancing and even riding a motorcycle. In one of the cards, Trump holds a ball with a Bitcoin logo in his hand, highlighting him as a crypto-friendly presidential candidate.

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@Defi_Trading_Nfts_Metaverse

? NFT Trading Sales Volume Plummets By 2.74% This Week – CryptoSlam
The global non-fungible token market appears taking a short breather after seeing two weeks of short vigorous market rally, which left many blue-chip non-fungible token collections pumping more than 20% in their floor price values. In this article, we shall look at what crypto investors should expect in the coming second week of September 2024.

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@Defi_Trading_Nfts_Metaverse

? 96% of NFTs Are Considered Dead, Report Says
Following a remarkable boom in 2022, the hype surrounding non-fungible tokens (NFTs) is fading, with a recent report revealing that 96% of NFT collections are now considered dead. Researchers analyzed 5,000 NFT collections and tracked approximately 5 million transactions, examining metrics such as holder profitability, collection performance, and project longevity to reach this conclusion.

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@Defi_Trading_Nfts_Metaverse

? Magic Eden Dominates NFT Marketplaces with 37% Share in August 2024
Magic Eden has solidified its position as the leading NFT marketplace, holding a 36.7% market share with $122.47 million in monthly trading volume in August 2024, according to CoinGecko. This milestone marks the sixth consecutive month Magic Eden has topped the NFT marketplace rankings.

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@Defi_Trading_Nfts_Metaverse

? 2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability
A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. As highlighted in nftevening.com’s 2024 report, the once-celebrated future of digital ownership, the NFT market, is currently grappling with significant hurdles. The report scrutinized over 5,000 NFT collections and around 5 million transactions to assess the present state of the market.

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@Defi_Trading_Nfts_Metaverse

? Wu-Tang Clan's "Secret" Album Now Available As $1 NFTThe surreptitious Wu-Tang Clan album Once Upon a Time in Shaolin maintains its advocacy for valuing music in the digital age. Under the ownership of PleasrDAO, the digital art collective, the album is now available to the public as an NFT for at least $1, highlighting a pivotal shift from its exclusive past. PleasrDAO has teamed up with marketing and e-commerce platform Privy, as well as blockchain platforms Crossmint and Holograph, to distribute the encrypted album on Base.

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@Defi_Trading_Nfts_Metaverse