1 year ago
Opensea’s dominance begins to waiver
Nonfungible token (NFT) marketplace Opensea has seen its competitors chomping astatine its ankles this twelvemonth arsenic they summation marketplace stock — turning the marketplace from a “monopoly” into an “oligopoly," a caller study states.
Binance Market Pulse released connected Oct. 20 says determination has been a dilatory and dependable alteration successful marketplace leadership, noting that portion OpenSea is inactive the ascendant marketplace successful presumption of users and volume, Ethereum (ETH)-based exchanges X2Y2 and Looksrare person been gaining their stock of the marketplace implicit 2022.
The study besides pointed retired that OpenSea is facing stiff contention erstwhile it comes to Solana (SOL)-based NFTs, its astir utilized autochthonal marketplace Magic Eden is simply a “close second” to the multi-chain OpenSea exchange.
OpenSea’s marketplace dominance successful presumption of measurement peaked successful May 2022 but has seen a diminution since. Image: BinanceIt comes amid a imaginable sea-change crossed NFT marketplaces.
On Oct.14, the Solana-native NFT marketplace Magic Eden opted to introduce optional royalties connected its platform, pursuing a akin determination by the Ethereum-based marketplace X2Y2 successful August.
It noted that the “market has been shifting towards optional creator royalties for awhile.”
Binance's Q3 study added that Ethereum wide inactive dominates holding 65% of the NFT measurement marketplace stock astatine the extremity of the 3rd quarter, but NFT buyers whitethorn beryllium moving blockchains successful hunt of profits oregon pursuing the latest trends.
The information besides shows Solana’s NFT income measurement accrued by 13% successful Q3 and Ethereum’s dropped by 16% since the extremity of the 2nd quarter.
Record-breaking bids connected archetypal question of ‘Physical Backed Tokens’
The Azuki NFT task has breached the grounds for the astir costly skateboard ever sold, with the highest bid for a limited-edition 24-karat gold-plated skateboard fetching 309 ETH, oregon $400,000.
A full of 8 skateboards were sold done its caller Physical Backed Token (PBT) technology, netting the task a full of $2.5 cardinal worthy of ETH.
The highest bid acold surpassed the erstwhile grounds holder, the implicit $38,000 “Blowin’ successful the Wind Skateboard” created by skateboarder Jamie Thomas which included handwritten lyrics from vocalist Bob Dylan.
The Golden Skateboard is simply a marvel of creation & exertion showcasing our archetypal implementation of PBT, which paves the mode for a caller epoch of storytelling.
We broke the grounds for the astir costly skateboard ever sold (in fact, the 8 astir costly skateboards ever sold). pic.twitter.com/XG2fgfrVgU
It was the archetypal clip the task implemented its Physical Backed Token (PBT) exertion standard.
PBT is simply a token modular created by the project that uses a cryptographic spot to authenticate ownership of a carnal item, generating an NFT successful a user's crypto wallet aft its scanned with a mobile phone.
MLB players national seeks NFT licensing manager
The national representing each Major League Baseball (MLB) players appears to beryllium looking astatine expanding its members' beingness successful Web3, arsenic it looks to hire a licensing manager to assistance grow its portfolio crossed NFT, Metaverse, integer games and augmented and virtual world technology.
The occupation posting by the MLB Players Association states that “NFTs, the Metaverse, wearable technology, and AR/VR are portion of our expanding concern model” with the relation requiring the idiosyncratic to make “strong relationships” with “crypto projects”.
A large relation of the MLB Players Association is assisting sponsors seeking to subordinate their marque oregon merchandise with players, the relation holds the rights to licence and usage the names, nicknames, likenesses, and different indicating accusation of MLB players for usage to that end.
Warner Bros launches NFT-gated exclusive films
Entertainment institution Warner Bros is looking to usage NFTs to administer exclusive contented and films aft announcing on Oct. 20 that it partnered with Web3 steadfast Eluvio to motorboat its NFT-backed “WB Movieverse.”
The “movieverse” is fundamentally Warner Bros-owned films disposable online utilizing NFTs arsenic authentication for users to entree the movie on with related exclusive contented specified arsenic behind-the-scenes videos and images.
The archetypal offering successful its movieverse sees a 4K solution extended variation of 1 if its Lord of The Rings titles on with bonus worldly made disposable done 2 tiers of NFTs.
Related: Magic Eden defends motorboat of NFT royalty enforcement tool
The sold-out precocious tier of 999 NFTs was priced astatine $100 but present sees an mean listing terms of $2,500 according to the authoritative secondary listings page, portion the little tier of 10,000 NFTs is priced astatine $30.
Warner Bros has delved into the NFT abstraction before, recently licensing characters from its DC Comics-owned properties to popular civilization marque Funko to merchantability Walmart-exclusive NFTs.
More Nifty News:
Metaverse casino Slotie has been deed with multiple cease and desist orders from state-level authorities successful the United States who allege Slotie hasn’t registered arsenic a broker-dealer, failed to supply the due disclosures arsenic a gambling level and see its NFTs to beryllium unregistered securities.
Ethereum-based NFT marketplace Rarible upgraded its platform connected Oct. 20 adding an aggregation instrumentality that allows users to browse and acquisition Ethereum NFTs from different marketplaces specified arsenic Rarible, OpenSea, LooksRare, X2Y2, and Sudoswap.
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