Walmart: Planning To Launch Cryptocurrency, NFTs & Metaverse

MetaVerse, News, NFTs6 Comments
Walmart Blockchain

The Metaverse is predicted to be the talking point of this year after a successful year of non-fungible tokens – the key to access the metaverse. By the end of 2021, tech and game giants including Facebook, Epic Games / Fortnite, Roblox, Snap, NVIDIA and Unity, took big steps in joining the metaverse. Walmart is […]

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LBank Exchange’s Weekly Listing Report – 17th January 2022

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LBank Exchange's Weekly Listing Report - 17th January 2022

LBank continues to focus on providing excellent projects for its users as a world-class digital asset exchange. This week’s intriguing new listings, as well as a summary of those listed last week, are presented in LBank Exchange’s weekly report, which provides users with additional information to help them better comprehend these unique opportunities. New Listings […]

OpenSea surpasses $3.5B in monthly Ether trading volume setting new ATH

cointelegraph, News6 Comments

OpenSea’s record-high daily volume on Jan. 9 was $261 million. Thus far in Jan., OpenSea has averaged $169 million in trading volume for each day.

With two more weeks left in Jan., NFT marketplace OpenSea has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever.

According to data from Dune Analytics, OpenSea has now surpassed the all-time high of $3.42 billion set in Aug. 2021 to establish a new all-time high, surpassing the $3.5 billion mark in Ether trading volume.

OpenSea’s record-high volume on Jan. 9, as per Dune Analytics, was $261 million. Thus far in Jan., OpenSea has broken $169 million in trading volume for each day.

The surge in NFT trade volume appears to be fueled by the price increase in Bored Ape Yacht Club (BAYC) and its sibling collections, Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club (BAKC). BAYC, which has a large number of celebrity owners, is still the most popular NFT collection on OpenSea, with 14,306 ETH (nearly $47 million in current market value) traded over the last 24 hours.

OpenSea announced a $300 million Series C financing round early this year, led by venture capital firms Paradigm and Coatue. The fresh cash brought the firm’s valuation to $13.3 billion, with the intention of using it for product improvement and boosting employee numbers.

Related: NFT sales and blockchain games continue to grow despite the recent market slump: Report

New players are rapidly gaining ground on OpenSea however, and one notable competitor is LooksRare — a new NFT marketplace launched earlier this month that is already outpacing OpenSea in terms of trading volumes, as per Dune Analytics’ data. However, according to early reports, the platform appears to be overflowing with wash trading in order to rig the token-based rewards system.

In other news, Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, turned 1,000 selfies into NFTs and sold them on Opensea becoming a millionaire.

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Report: Walmart Trademark Filings Hint at Retailer’s Intent to Produce Metaverse and NFT Concepts

Adidas, banks, Blockchain, Cryptocurrency, Digital Currency, News, NFTs, Samsung5 Comments
According to a recent report, the American multinational retail corporation that operates a chain of department stores, Walmart Inc., is seemingly prepping to enter the industry of non-fungible token (NFT) technology and metaverse concepts. Walmart USPTO Trademark Filings Are Littered With Descriptions of NFTs, Blockchain Tech, Digital Collectibles, Metaverse, and Virtual Department Store Games On […]