2 hours ago
Animoca Brands has doubled down connected integer collectibles aft acquiring the gaming and collectibles institution Somo, expanding its footprint successful Web3-native amusement and adding Somo’s playable, streamable and tradable collectibles to Animoca’s portfolio of blockchain-based platforms.
The institution said Wednesday it plans to integrate Somo into its broader Web3 ecosystem, leveraging cross-promotion, shared infrastructure and its planetary web of partners to accelerate the maturation of the brand.
“SOMO is gathering the taste operating strategy for collectibles, which complements our existing portfolio,” said Animoca Brands co-founder and enforcement president Yat Siu.
“By bringing SOMO into the Animoca Brands ecosystem, we purpose to link it to our planetary web of games, communities, and partners.”
The woody comes arsenic the non-fungible token (NFT) marketplace showed renewed momentum aboriginal successful 2026, with marketplace capitalization climbing astir 20% successful the archetypal 2 weeks of the year.
Total NFT marketplace headdress successful the past 14 days. Source: CoinGeckoNFT marketplace headdress climbs 20% successful the archetypal 2 weeks of 2026
The planetary NFT marketplace headdress roseate astir 20% successful the archetypal 2 weeks of 2026, climbing from astir $2.5 cardinal connected Jan 1 to implicit $3 cardinal by Wednesday, according to information from CoinGecko.
The rebound marks 1 of the NFT market’s strongest short-term recoveries successful implicit a year, pursuing a prolonged marketplace slump that weighed connected prices and enactment passim 2025.
24-hour NFT heatmap. Source: CoinGeckoCoinGecko shows that a crisp leap betwixt Tuesday and Wednesday accounted for a important information of the gains.
On Tuesday, the NFT marketplace headdress hovered a small beneath $2.7 cardinal earlier surging to $3 cardinal successful conscionable 24 hours, signaling a $300 cardinal gain. This was accompanied by an 18.7% summation successful 24-hour trading volume, according to CoinGecko.
A assemblage subordinate attributed the pump to blue-chip NFTs pumping, high-value income expanding and caller NFTs airdropping tokens. “We’ve seen this signifier before. Is 2026 the adjacent NFT rhythm oregon conscionable a fake bounce?” the X idiosyncratic wrote.
Related: What the NFT Paris cancellation says astir the existent authorities of the NFT market
NFTs are inactive down 59% twelvemonth implicit year
Despite its caller gains, the NFT assemblage remains acold beneath its erstwhile rhythm highs, underscoring however compressed valuations person become.
On Jan. 14, 2025, the NFT marketplace headdress stood astatine astir $7.3 billion, which means that contempt the caller bounce, the assemblage is inactive down by 59% twelvemonth implicit year.
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