GameStop’s new NFT Marketplace has done more in less than a week than Coinbase’s NFT Marketplace has ever done. KIA is the latest automaker to explore NFTs, and Snapchat joins the growing ranks of social media platforms seeking NFT integration with some capacity. ..
Every weekend, we review stories like this that have been charged with NFT chatter throughout the week. Check out all the actions from mid-July and take a look at last week’s NFT news.
This Week’s Non-Fungible Token News
GameStop’s NFT Marketplace in beta
GameStop is Beta version of the new non-fungible token marketplace Despite the crowded market landscape this week and filled with lots of noise, GameStop found a solid foothold in the early days.
In the first two days of active trading, the market recorded sales of nearly $ 4 million. This is dwarf compared to something like OpenSea, but it’s about twice the number ever recorded in Coinbase’s NFT market.
KIA deploys NFT
So far, car companies have not been the most foreign players in the field, due to the involvement of a few brands such as Porsche and Lamborghini. last week, KIA joined the mix In a new brand campaign in the United States
You will be able to obtain NFTs by scanning the QR code that can be seen in the 30-second spot of TV broadcasting, centering on the manufacturer’s soul model. Approximately 10,000 tokens will be created.
Non-fungible tokens for car brands have shown various results since last year’s 30 ETH. Porsche sketch Sale to the very disappointing Corvette campaign recently released by Chevrolet. The custom Corvette Z06 release is a flop in every way, and Chevy officials described the experience as “very educational.”
Snapchat joins social media monsters and plays in NFT space
Lions, tigers, bears … Reddit, Twitter, Instagram, Snapchat? Oh my. Social media platforms are another major company involved in non-fungible tokens and cryptocurrencies in general. It’s the latter, Snapchat, that is making the latest waves and testing new features. Integrate user NFTs into AR “snap lenses”.. This feature is currently under development and may be released as early as next month.
Twitter has previously released a hexagonal profile picture, Instagram is working on aggressive integration, and Reddit is also working on a profile picture-like feature for non-fungible tokens.
OpenSea lays off 20% of the workforce
Layoff was a big hit in the crypto market this year in the bear market, as many exchanges have cut headcount and many projects have been big hits. Don’t look any further Than the market’s flagship OpenSea, which announced last week that one in five employees of the company will be fired. Macroeconomic factors and global unrest are cited as the main issues leading to layoffs, and the company is committed to making various efforts to support former employees.
Ripple isn't often associated with NFTs, but makes a showing in this week's Nutshell following the acquisition of financing platform Supermojo. | Source: XRP-USD on TradingView.com
Ripple invests in “buy now, pay later” NFT platform
Ripple is In a nutshellBut this week Acquisition of NFT Finance Platform Super Mojo. The platform aims to build a “seamless, intuitive and accessible NFT purchase, funding, and storage experience” for the next generation of users.
CryptoPunks continue to perform well, with over $ 2.5 million in sales this week
Despite the relatively sluggish market, various good projects maintain their status and financial position relatively well compared to other markets. Exhibit A is a powerful project, CryptoPunks, ~ $ 2.6 million sale (2,500 ETH) Last week – Sales of CryptoPunk, the seventh largest in the project’s five-year history.
In the midst of the bear market, the major stocks are patient and small Tier 2 and below projects dominate the genocide.
Rarible Co-Founder: Can NFTs grow into a media company?
Are great projects like Bored Ape Yacht Club and CryptoPunks the next Disney in the world? Rarible co-founder Alex Salnikov, Interview with TechCrunch“The NFT collection will evolve as a media company” [into something] Like Disney. “
Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.