Bored Ape Price Floor Drops Below 30 ETH: Nifty Newsletter, July 5-11
A decentralized finance borrower used a non-fungible token depicting a luxury watch to take out a $35,000 loan.
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In this week's newsletter, read about Ethereum's non-fungible token (NFT) royalties hitting a two-year low. Learn about the trading volume of Bitcoin Ordinals, which reached $210 million in the second quarter of 2023, and how a decentralized finance (DeFi) borrower used an NFT representing a physical luxury watch to take out a loan. In other news, find out why Animoca Brands co-founder Yat Siu is still bullish on blockchain gaming, and don't forget this week's Nifty News, featuring a Sega executive's take on the game to win.
Ethereum NFT royalties hit 2-year low as Bored Ape price floor falls below 30 ETHA report from blockchain analytics firm Nansen showed royalties received from NFT projects hit their lowest level in 2 years. The decline may be fueled by the lower NFT floor prices of popular collections like the Bored Ape Yacht Club and the Azuki Elementals launch controversy.
According to the report, NFT marketplaces OpenSea and Blur compete in terms of royalties paid. However, when trading volume increases, Blur often takes the lead.
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Bitcoin Ordinals Volume Hits $210 Million in Q2 – DappRadarThe creation of the Bitcoin Ordinals protocol on the Bitcoin blockchain has resulted in a large transaction volume exceeding $210 million, according to DappRadar. The data highlights the growing popularity of Bitcoin ordinals, leading to a remarkable increase in trading volume throughout the second quarter of 2023.
Starting at $7.18 million in the first quarter, trading volume soared to $210.7 million at the end of June, representing a staggering quarterly growth of 2,834%. Additionally, the report reveals that more than 550,000 ordinal trades took place in the second quarter, involving approximately 150,000 unique traders, further contributing to the notice...
A decentralized finance borrower used a non-fungible token depicting a luxury watch to take out a $35,000 loan.
Newsletter
Join us on social networks
In this week's newsletter, read about Ethereum's non-fungible token (NFT) royalties hitting a two-year low. Learn about the trading volume of Bitcoin Ordinals, which reached $210 million in the second quarter of 2023, and how a decentralized finance (DeFi) borrower used an NFT representing a physical luxury watch to take out a loan. In other news, find out why Animoca Brands co-founder Yat Siu is still bullish on blockchain gaming, and don't forget this week's Nifty News, featuring a Sega executive's take on the game to win.
Ethereum NFT royalties hit 2-year low as Bored Ape price floor falls below 30 ETHA report from blockchain analytics firm Nansen showed royalties received from NFT projects hit their lowest level in 2 years. The decline may be fueled by the lower NFT floor prices of popular collections like the Bored Ape Yacht Club and the Azuki Elementals launch controversy.
According to the report, NFT marketplaces OpenSea and Blur compete in terms of royalties paid. However, when trading volume increases, Blur often takes the lead.
Continue Reading
Bitcoin Ordinals Volume Hits $210 Million in Q2 – DappRadarThe creation of the Bitcoin Ordinals protocol on the Bitcoin blockchain has resulted in a large transaction volume exceeding $210 million, according to DappRadar. The data highlights the growing popularity of Bitcoin ordinals, leading to a remarkable increase in trading volume throughout the second quarter of 2023.
Starting at $7.18 million in the first quarter, trading volume soared to $210.7 million at the end of June, representing a staggering quarterly growth of 2,834%. Additionally, the report reveals that more than 550,000 ordinal trades took place in the second quarter, involving approximately 150,000 unique traders, further contributing to the notice...
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