NFT & Crypto Updates

🖼 Magic Eden passed Blur as leading NFT marketplace in March: CoinGecko Magic Eden, a Solana-based nonfungible token (NFT) marketplace, recorded its largest monthly trading volume in March, surpassing industry leader Blur. Its NFT trading volume spiked 194.4% in March to $756.5 million, while Blur marginally increased to $530.4 million, according to CoinGecko’s Q1 2024 report, published on April 17. Source NFTs | OpenSea | News

🔫 Meta Shift Focus From Gaming to an Education Metaverse The announcement marks a significant step towards integrating virtual reality (VR) technology into educational environments. Let’s discover more about this important news for Meta. Meta’s Quest virtual reality (VR) headsets are one of the top XR headsets on the market. The company’s expansion into education signifies a growing trend towards immersive learning experiences. Meta is reportedly in pole position to dominate the VR sector, which has recorded a whopping 27.3% annual growth since 2020. Source NFTs | OpenSea | News

🖼 PayPal removes buyer and seller protections for NFTs PayPal is quietly stripping buying and selling protections for non-fungible token-related (NFT) transactions in a partial reversal of its previous policy, according to the firm's little-noticed terms-of-service update. Under the new policy, effective May 20, NFT purchases will no longer be covered by PayPal's buyer protection policy. Additionally, NFT sales worth more than $10,000 will no longer be backed by the company’s guarantee against false claims, chargebacks or other scams that may cause sellers to lose money. Source NFTs | OpenSea | News

🖼 Bored Apes' floor price hits lowest point since 2021, down more than 90% from all-time high Bored Ape Yacht Club NFTs may have hit more than a rough patch as the floor price for the once-celebrated collection hit its lowest point since August 2021. As of Monday, the floor price on Bored Ape NFTs sank to 10.9 ether (about $34,000), according to NFT Price Floor data. The NFTs' floor price has not been that low since early August 2021, when it hit 9.5 ether, also according to the NFT data site. Yuga Labs, the creator of the Bored Ape Yacht Club, or BAYC, collection declined to comment. Source NFTs | OpenSea | News

🖼 Meta Monkey Launches NFT Collectibles for Elder’s Grace Meta Monkey, a cross-web studio, has launched Founder’s Digital Card Collectibles for their upcoming web3 NFT game, Elder’s Grace: Rise of the Mobley. The Founder’s Digital Card Collectibles, known as the Origins of the Elder Mobley Edition, offer perks including alpha and beta access for playtesting, special Discord roles, and in-game benefits such as unique Summon Skins, XP Boosts, and customizations for stronghold names and icons. The collection come in four levels—Common, Rare, Epic, and Legendary—with a total supply limited to 300. Source NFTs | OpenSea | News

🖼 Adidas and STEPN Team Up for High-Tech Sneaker NFTs STEPN is making moves. Following its significant $100M $GMT airdrop, the Move-to-Earn blockchain game unveiled Genesis Sneaker NFTs in partnership with Adidas and its web3 venture, ALTS by Adidas. “A lot more to come” has also been teased, fueling excitement among blockchain and sneaker buffs alike. However, it remains unclear whether these digital assets will include physical counterparts, like the ‘Adidas X Crazyfast Bugatti‘ football boots. Source NFTs | OpenSea | News

🖼 Mark Zuckerberg says NFTs are coming to Instagram soon Mark Zuckerberg announced that his company plans to introduce NFTs into Instagram in the "near term." While the Meta CEO and founder didn't offer a ton of detail, he characterized the integration of non-fungible tokens into the company's photo and video sharing app as something on the way once the Instagram team works out some of the technical challenges. "We are working on bringing NFTs to Instagram in the near term," Zuckerberg said in a conversation with Shark Tank's Daymond John. Source NFTs | OpenSea | News

🔫 Metaverse has critical role in medical tourism hitting $200B by 2027: report The metaverse has made great leaps in gaming, advertising, culture, communication, and sports. This emerging technology is projected to have a pivotal role in medical tourism, a sector estimated to be worth $200 billion within the next three years. Some healthcare facilities, like the Thumbay Group in the United Arab Emirates, rely on the metaverse to expand their reach, offer personalized and on-demand medical attention, and cut down on medical costs for patients. Source NFTs | OpenSea | News

📉 Trump NFT Collection Trading Volume Plummets 99% Ahead Of Criminal Trial The first edition of the Trump Digital Trading Card NFTs has experienced a significant downturn in sales, with trading volumes plummeting by 99% over the last 30 days. Data from OpenSea reveals a stark decline in transactions, with no activity recorded in the past week. This marks a sharp contrast from the initial buzz surrounding the collection, which generated over $50 million in total trading volume since its launch in December 2022. Source NFTs | OpenSea | News

💰 XRP Ledger (XRPL) Welcomes Crucial NFT Amendment on Mainnet A new amendment dubbed fixNFTokenReserve has been activated on the XRP Ledger (XRPL) mainnet, marking a significant milestone for the decentralized public blockchain. Dominant XRPL explorer XRPScan confirmed that the activation of the amendment took place at around 12:21 UTC on April 12. It was released in version 2.1.0. Like other proposals on the XRP Ledger, fixNFTokenReserve had an approval threshold of 28/35 which implies that at least 28 validators are required to vote in its favour before it is accepted. Source NFTs | OpenSea | News