CoinShares releases AI bot to calculate NFT prices, while OpenSea revises its NFT rarity ranking protocol

    OpenSea revises its NFT rarity ranking protocol OpenRarity, launched on Sept. 21, after community controversial feedback. Some community members argued that the new rarity ranking protocol disrupts the market-driven rarity structure for some NFT collections. Meanwhile, CoinShares launch its own experimental AI bot to determine a fair price for some NFTs; however, some users appear…

    NFT marketplace OpenSea adds Avalanche support

    According to a TechCrunch report, OpenSea, the largest NFT marketplace, is starting to support Avalanche. The platform will now allow creators to mint, list, and trade NFTs on the Avalanche layer 1 network. Avalanche, which is well-known as a DeFi chain and often mentioned as a challenger to Ethereum, is making its steps in the…

    Warner Music Group partners with OpenSea

    Gigantic record label conglomerate Warner Music Group announced on Sept. 29 that it would partner with NFT marketplace OpenSea to accelerate its artists’ expansion into Web3. The first joint project will be an IP-generative ‘NFT Label Pass’ developed by Web3 startup Probably Nothing. According to a statement, the collaboration will grant Warner Music artists early…

    OpenSea launches new NFT rarity ranking tool OpenRarity

    OpenSea, the world’s biggest NFT marketplace, has officially announced OpenRarity, a new NFT rarity protocol for the NFT community, elaborated together with Web3 analytics experts Icy.tools, Curio Tools, and PROOF, to provide a new standard of NFT ranking methods. OpenRarity will be launched next week. Nowadays, there are several high-profile NFT rarity platforms, and each…

    NFT marketplace volumes continue to fall in August

    The latest data for August indicate that the summer downturn in NFT marketplaces has continued – down 45% for a month. According to The Block’s Data Dashboard, the NFT marketplace volume for August was $369.53 million, compared with $675.43 million in July. OpenSea continues to hold its place as the dominant market leader, with $303.47…

    OpenSea unveils Solana NFT launchpad

    OpenSea, the most popular NFT marketplace, announced rolling out the Solana launchpad to allow creators to host a new mint from beginning to end on the NFT marketplace. The launch is part of OpenSea’s plans for a “multi-chain future” to enable access to NFTs across different blockchains. According to its blog post, OpenSea will guide…