Solana is in third place for all time NFT sales, and is second over the past 30 days according to data from CryptoSlam. LooksRare looks like it's mostly wash trading still and Ja Rule flogged a Fyre Festival NFT.
The Ronin sidechain to Ethereum for the Axie Infinity game is still firmly in second place in the all-time figures with $4 billion in total sales, but the recentAlthough Ethereum is still the leader by a vast margin with $21 billion in total sales, Solana is closing in on second place while creating greater distance from its own competitors.onto its platform this month.
Wash trading is when the operators or users of a trading platform create a series of back-and-forth trades in order to inflate seemingly organic trading volume. In the case of LooksRare, traders are incentivized to wash trade due to the platform’s rewards structure. Investors who stake tokens on LooksRare are rewarded with LOOKS tokens and Wrapped Ether proportional to the amount of transaction volume in the marketplace. The high volume of wash trading appears to be masking a drop off in the overall NFT market, with Dune Analytics data shows that leading NFT marketplace OpenSea’s volume has been dropping every month since January.
DappRader senior analyst Pedro Herrera said that organic trading was slowly starting to rise on LooksRare however.Rapper Ja Rule has sold an NFT of a painting from the infamous Fyre festival.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
NFT Sales Increased by 34% This Week, Azuki Takes Top Sales, NFT Interest Remains Low – Markets and Prices Bitcoin NewsDuring the last seven days, non-fungible token (NFT) sales are up 34.62% from $579 million to $779 million.
Consulte Mais informação »
The UK will issue an official NFT (sigh) | EngadgetThe UK's Royal Mint will issue an official NFT this summer..
Consulte Mais informação »
Million Dollar Pixels: Diving into NFT Decentralization, Copyright, and Minting | HackerNoonHow do NFTs work? How decentralized are NFTs? In this article we explore the decentralization of NFTs with a demo using IPFS, Alchemy, and Filebase.
Consulte Mais informação »
Ripple to Create Standards Allowing Complex NFT Solutions on XRPL PlatformRipple to develop standards to build advanced NFT solutions on XRPL XRPLCommunity XRP XRPL NFTCommunity XRPArmy XRPCommunity
Consulte Mais informação »
UK's Finance Minister Rishi Sunak Asks Royal Mint to Create an NFTUK's Finance Minister - Rishi Sunak - has asked the Royal Mint to create a non-fungible token.
Consulte Mais informação »