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Bitcoin Slump Hits NFT Market: Sales Volume Drops Sharply in Q2
The digital collectible market suffered a major decline in the second quarter of 2024, with sales hitting the lowest point since late last year. Data from CryptoSlam shows that non-fungible token (NFT) trading volume plunged 45% in Q2, falling to $2.24 billion. The decrease followed an initial surge from $2.9 billion in Q4 2023 to $4.1 billion in Q1 2024. As Bitcoin falters from a high level, the NFT market is under major pressure. NFTs are a risky asset, and when liquidity dries up, prices seem to fall off a cliff. Several factors could contribute to the downturn. These include...
POPCAT (SOL), Michi (MICHI), and Memeinator (MMTR) surges capture investors’ attention
Victoria, Seychelles, June 28th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, will launch a unique social project in Vietnam. The campaign aims to educate people on how to use cryptocurrency securely and prevent fraud through engaging and understandable posters and banners. These educational materials, which will provide tips on detecting and avoiding cryptocurrency scams, will be displayed in public spaces such as bus stops, subways, and street billboards. Vietnam, one of Southeast Asia’s most dynamic economies, has consistently ranked highly on Chainalysis’ global crypto adoption index, currently holding the third position. According to a report by payment...
Konami, Creator of Metal Gear Solid, Joins NFT Arena with Avalanche Launch
Konami partners with Avalanche to launch Resella, a platform simplifying NFT creation and trading, supporting Japanese yen, and planning global expansion. Resella aims to bridge traditional gaming and web3, enabling digital experiences like using in-game NFTs as event tickets or unlocking exclusive content. ‘Pixels’ Chapter 2 introduces substantial upgrades to Ethereum-based games, focusing on long-term player engagement and resolving past issues. The interconnection of gaming and blockchain is ever-increasing with several fresh developments on the web3 front. Konami has just announced its debut of a non-fungible token (NFT) platform on the Avalanche blockchain and ‘Pixels’ Chapter 2 is set to...
