In the past month, the total volume of NFT trades has fallen by 55% in terms of ETH, or about a 70% decrease when valued in USD. However, the number of weekly active NFT sales hasn’t changed much. The state of the NFT market isn’t all bad amid the bear market. According to Nansen data,…
Giant metaverse gaming platform The Sandbox, based on the Ethereum blockchain, has unveiled a bridge that enables users to transfer their virtual NFT (LAND) and native tokens (SAND) over to the Layer-2 network Polygon (MATIC). The upgrade comes with many perks for LAND holders, including staking features and mSAND cashback. Previously, all LAND collectibles from…
Electronic manufacturer HTC has announced the “Viverse” phone, its first smartphone, designed to navigate the metaverse with incorporated crypto and NFT functionality. The HTC Desire 22 Pro model includes preloaded apps compatible with its own metaverse “Viverse.” As per an announcement, the new phone comes preloaded with apps that allow access to and manage your…
According to the new DappRadar study, the latest turbulence in the crypto markets has not stopped investments and forward movement of the GameFi and metaverse sector. The report has also shown continued funds inflow into several major projects, such as Splinterlands, Illuvium, Galaverse, and STEPN. Published on June 21, the latest DappRadar x BGA Games…
Months after getting exploited in one of the largest crypto-related hacks, the team behind Ronin announced the restart date. Axie Infinity’s Ronin sidechain is expected to be relaunched next week after the $625 million exploit, ‘with all user funds returned.’ Ronin Network, an EVM blockchain powering popular play-to-earn game Axie Infinity, has announced the reopening…
Portuguese professional footballer Cristiano Ronaldo and crypto exchange Binance have signed a multi-year joint marketing agreement. As a part of the deal, multiple Ronaldo NFT collections will be produced each year of the deal and released exclusively on the Binance NFT marketplace. “Together, we’ll give you the opportunity to own an iconic piece of sports…