NFT Trading Nears $1 Billion in November; New Drops from Trump, FIFA, and Megadeth
Summary:
This article details the recent developments in NFT trading, including nearly reaching $1 billion in volume in November. It highlights new NFT releases by former U.S. President Donald Trump, FIFA, and heavy metal band Megadeth. The article also mentions Enjin's transfer of 200 million NFTs from Ethereum to its own blockchain and features NFT news about collaborations between Funko and Disney.
This week's bulletin addresses the nearing of $1 billion in NFT trading volume in November. Additionally, it highlights new launches of NFTs by former U.S. President Donald Trump, FIFA, and MTV band Megadeth. Also spotlighted is Enjin's transfer of 200 million NFTs from Ethereum to its proprietary blockchain. This week's Nifty News spotlights Funko and Disney's NFTs.
NFT trade is on the rise as it approaches a staggering $1 billion in November. DappRadar, a data tracking site, suggests a significant shift in user interaction with NFTs, with last month's trading volume increasing by 125%. Additionally, the average NFT transaction value saw a 114% surge, from $126 to $270.
Former U.S. President Donald Trump is back with another NFT series called "MugShot", representing his ongoing criminal charges. Aspiring collectors can purchase these NFTs with credit cards or Wrapped Ether. However, those using cryptocurrency must share their Know Your Customer information.
The thrash-metal band Megadeth has unveiled its NFT collection and a metaverse community offering fans additional virtual and real-world experiences. The digital emblem, Vic Rattlehead, represents this collection comprising 5,000 pieces.
As part of the 2023 Club World Cup celebrations, FIFA will roll out its series of 100 NFTs. NFT owners will have a chance to secure their 2026 FIFA World Cup Final tickets. A total of 900 digital collectibles will be issued on Polygon blockchain and OpenSea platform this December.
Enjin, an NFT platform, has moved over 200 million NFTs from Ethereum's blockchain over to its own—Enjin Blockchain. Given the large gas consumption on Ethereum, Enjin took a snapshot of NFT distribution across users' wallets, saving them from burning their ETH-based NFTs.
Funko, in collaboration with Disney, will launch NFTs representing its popular Funko Pop! figurines using the WAX blockchain. As for Solana and Bitcoin, they have seen substantial volume in sales, posing a challenge to the Ethereum-only industry.
Check back next Wednesday for the latest insights into the ever-changing world of NFTs.
Published At
12/13/2023 11:00:00 PM
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