☞ The week in NFTs - Volume 26
#ProbablyNothingDigest 🧵 by SODIUM
Welcome back to another epic read of The week in NFTs. If you're new here be a good fren and give us a shout on your fav web2 platform.
Despite the low sales volume and number of unique wallets these weeks, the market is still moving fast. A quick summary of the most important happenings of last week:
‣ NFT Market Cap & Sales Volume:
Last week's sales volume further decreased by 11,7%, resulting in a volume of USD $233,243,348 million. Good news: in the Year over Year comparison we’re up +5,391%.
‣ NFT trading activity in the past 7 days:
X2Y2 with USD $141.6 million again with the highest sales volume across all NFT marketplaces.
‣ NFT News of the week 06/27 - 07/03:
‣ Bored Ape Yacht Club #NFT collection has surpassed $2.3 billion in all-time sales.
‣ European Union has reached a provisional political agreement to trace the transfers of bitcoin and crypto assets. [Read More]
‣ Kuwait-based Warba Bank has announced its presence in the Decentraland and Sandbox metaverse. [Read More]
‣ Chinese tech giant, Tencent, forms a dedicated team to advance #metaverse development. [Read More]
‣ Hasbro to create a one-of-its-kind NFT Monopoly. [Read More]
‣ OpenSea delisted Bored Ape Yacht Club NFTs for a few hours. [Read More]
‣ KPMG invests $30 million for its Metaverse entry. [Read More]
‣ Facebook is now testing #NFTs on profiles in the US. [Read More]
‣ Meta introduced new Web3 initiatives for monetizing creators. [Read More]
‣ Binance has opened up minting access, allowing users to create NFT collections on BNB Smart Chain and Ethereum network. [Read More]
‣ Coinbase NFT added new features including Bulk Managing of NFTs. [Read More]
‣ OpenSea users' email addresses leaked in data breach by third party. [Read More]
‣ Artist Miltos Manetas is dropping an NFT collection based on Julian Assange. [Read More]
‣ Coca-Cola introduced Pride NFT collection on Polygon. [Read More]
‣ Music platform Napster enters Web3 and launches Algorand token. [Read More]
‣ Football star Kylian Mbappé joins NFT platform Sorare. [Read More]
‣ British Army’s Twitter and Youtube accounts hacked to promote NFT projects. [Read More]
‣ Doodles introduced the “Genesis Box” collection. [Read More]
‣ Bentley explores Web3 with genesis NFT collection on Polygon. [Read More]
‣ Gucci invests $25K in SuperRare DAO to start digital art vault. [Read More]
‣ FC Porto to Enter into the Metaverse with Upland agreement. [Read More]
‣ Chinese Marketplace repurchases NFTs due to uncertain policies. [Read More]
‣ China's Cultural Industry Association, together with Tencent and Ant Group issued a "self-discipline development initiative’ for NFTs. [Read More]
‣ Yuga Labs files a lawsuit against Ryder Ripps. [Read More]
‣ The ”Internet Team” WAGMI United & Adidas to drop NFTs. [Read More]
‣ Top 10 NFT collections by Market Cap:
‣ Top 5 NFT Sales by Price on Ethereum:
‣ Top Content Recommendation:
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What is SODIUM?
SODIUM is a non-custodial liquidity market protocol, which enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers can procure liquid funds in an NFT-over-collateralized manner.
SODIUM unlocks the financial value of an NFT by enabling users to get instant access to liquidity.
🚨 SODIUM has launched The Fair Price Engine, the automatic NFT asset pricing system. Access via Discord.