Ever since reaching a peak in September 2021, global NFT sales have been consistently falling as collectors spend less and less money on digital artwork. Although revenues of NFT marketplaces are still expected to see double-digit growth, rising by 41% year-over-year to $2.37 billion in 2024, the market is losing its momentum, and this trend is set to continue in the following years. According to data presented by AltIndex.com, the annual growth rate in the NFT market is expected to drop to only 2.6% by 2028.
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NFTs & DeFi 🗓 pinned «Don't miss your opportunity to launch your crypto brokerage! 🚀 With over 300 million crypto traders worldwide, @B2Broker with the B2Trader Brokerage Platform offers a seamless way for new businesses and established companies to thrive in the booming market.…»
Bitcoin has topped the non-fungible token (NFT) market in sales performance on Thursday, with a slight decrease of 0.06% in sales. The blockchain registered US$11.89 million in sales, with a negligible change in its all-time sales volume, maintaining a steady market presence. JIGO BRC-20 NFTs, a Bitcoin-based collection, led Thursday’s NFT collection rankings with almost US$2 million.
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Cross-chain NFT marketplace Magic Eden, which recently jumped to the top of the pack amid growing interest in Bitcoin Ordinals, announced Friday that it plans to support the upcoming Runes fungible token standard on Bitcoin. “Ordinals, Rewards, Runes. The Future of BTC is on Magic Eden,” the marketplace tweeted along with a teaser video.
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Over the last week, the NFT market’s sales volume reached $233,071,420, marking a decrease of just under 15% from the previous week’s figures. According to Cryptoslam.io data, this downturn hasn’t deterred the influx of participants, with the number of buyers rising by 25.61% and sellers increasing by 21.75%. In total, the market saw about 1,916,438 transactions, with Bitcoin leading in total sales value. Notably, while most top blockchains faced declines, Mythos Chain saw a slight sales increase of 0.92%.
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University of Miami architecture student Ellie Koeppen moves across the room to show her fellow classmates the interior of the apartment building she has designed. Except that Koeppen is not really Koeppen. It is her avatar, wearing red shorts and a white top, who moves across the screen and walks her classmates through the spaces she has created.
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Skoda has already lead the way in the new era with the announcement of its all-new compact SUV. With an initiative of user engagement, customer involvement, and digitalization they have introduced 360-degree digital activities that help them to engage with their audience and Skoda enthusiasts more closely. Recently they launched a digital campaign called, “Name your Skoda” which let their customers pick the name for their upcoming compact SUV which resulted in over 1,50,000 name suggestions.
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On March 28, 2024, the first conference in the metaverse was held as part of the Digitalization Center of the Organization of Turkic States. This unique event aimed to showcase the advancements and development potential of the Turkic Metaverse concept, the press office of Astana Hub informs Daryo. The event also featured a panel session where speakers discussed the potential of the Turkic Metaverse project and the opportunities for using the metaverse as a platform for dialogue, cooperation, and knowledge exchange.
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Lootex introduces Smart Accounts to simplify Web3 access and a token swap feature to boost NFT liquidity, setting new standards in digital asset trading. Alongside the Smart Frens project, these innovations promise a seamless, secure, and engaging platform for collectors and traders. This strategic move, underpinned by Lootex's partnership with Mantle Network, aims to democratize blockchain technology and elevate the user experience.
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The prominent Ethereum-based Bored Ape Yacht Club (BAYC) has significantly performed in the NFT space. A recent rating saw BAYC as the top NFT in total sales. Data from CryptoSlam disclosed the trend within the NFT market section on Tuesday, April 2. According to the data, Bored Ape Yacht Club (BAYC) took the top position in the ranking of NFTs. BAYC sales saw an 80.81% increase within 24 hours, pushing the sales value to $1.76 million.
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From April 18, 2024, at 06:00 UTC, Binance NFT will discontinue support for any transactions involving Bitcoin NFTs. This includes purchases, deposits, bids, and listings through the Bitcoin network. Let’s explore more about Binance NFT. Users need to withdraw their Bitcoin NFTs by May 18, 2024, at 00:00 UTC to prevent inconvenience. This update signifies a major shift in Binance NFT, focusing on streamlined services and select NFTs. This signals a clear deadline for users to manage their assets.
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Ethereum led the non-fungible tokens (NFT) market in sales on Thursday by racking up US$10.48 million in the 24 hours to 12 p.m. ET, according to CryptoSlam data. Ethereum, which also leads the industry in all-time NFT sales with US$43.46 million, had a 42% surge in sales volume to top the day’s rankings as the only chain with at least US$10 million in sales. Pandora, a collection of 10,000 “Replicants” enabled by the ERC-404 experimental token standard, had a 279% surge to US$1.61 million to help Ethereum.
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Astar Network has announced that it is hosting the NFT debut of Maza, a global automotive company. The debut will be on Yoki Origins, powered by Polygon CDK. Astar zkEVM will help unveil a total of 10 NFTs – non-fungible tokens. All of them feature MX-5 MIATA, with pieces infused with Japanese aesthetics. Astar Network has called it symbolic significance, adding that it is not just the first step but also a start to the captivating series. This means that Mazda could produce more NFTs in the future, potentially infused with Japanese aesthetics to capture the cultural essence creatively.
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Chainers isn’t just another run-of-the-mill NFT game; it’s a rising star in the Web3 genre, offering a plethora of features and experiences that set it apart. The platform takes gaming to new heights with thrilling tournaments, extensive social interactions, avatar customization, and even opportunities for farming and harvesting to earn rewards. What truly distinguishes Chainers is its commitment to delivering a fluid and cutting-edge user experience, accessible to players of all backgrounds.
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Solana-based leading NFT marketplace Tensor recently announced the launch of its upcoming token TNSR scheduled to go live on April 8. Crypto exchange Coinbase was quick enough to announce support for the TNSR token. This introduction of the native TNSR token from the Tensor NFT marketplace with the end of Season 3 of Tensor’s rewards program. As per the announcement from Tensor Foundation, they will reward the community and those part of its referral program through “treasure boxes” containing TNSR tokens.
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The Latest Released Metaverse in Education Market Research assesses the future growth potential of the Metaverse in Education market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Metaverse in Education market.
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NFT sales volume marked another week-on-week decline on Friday with an almost 14% drop, Bitcoin.com reported. The fourth consecutive week of falling NFT sales stood in sharp contrast to record-high numbers of other crypto sectors for the month of March. For example, the combined trading volume on centralised crypto exchanges in March almost doubled to a record $9.1 trillion, according to Nasdaq.com.
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Medical tourism, the practice of traveling abroad for medical treatment, has been a popular choice for individuals seeking cost-effective, timely, and high-quality healthcare services. Estimated to be worth $54.4 billion in 2020, the medical tourism industry is expected to grow to more than US$200 billion by 2027. However, the COVID-19 pandemic and the subsequent restrictions on foreign travel significantly affected the industry. As a response, the healthcare sector embraced telemedicine, incorporating virtual reality (VR) and augmented reality (AR) technologies to provide remote healthcare services.
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