Obscure NFT Collection Rockets to $83M
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News
- Obscure NFT Collection Based on Memes Fetches $83M Market Cap
- Magic Eden Eyes Change As It Navigates Bear Market
- Solana Unveils App Store For Saga Phone
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Podcast
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News
NFT Collections
Obscure NFT Collection Based on Memes Fetches $83M Market Cap
Founded by Punk6529 The Memes Seeks to Change Up NFT Model and Pursue ‘Open Metaverse’
By Owen Fernau
On Jan. 19, something unusual happened in the NFT market — a CryptoPunk, which typically sells for a minimum of $100,000, was swapped for a full set of tokens from an obscure collection called The Memes.
Read the full story in The Defiant
NFT Marketplaces
Magic Eden Eyes Change As It Navigates Bear Market
NFT Marketplace Is Betting On Multichain Strategy and Loyalty Program
Like its competitors, NFT marketplace Magic Eden has had a rough year. It dominates the NFT market on Solana, handling at least 90% of the trading volume on any given week, according to an analysis of data from Nansen. On Ethereum, NFT trading volume is a fraction of what it was at the beginning of 2022 – on Solana, trading volume has held steady.
Read the full story in The Defiant
Sponsored Post
Which platform delivered tens of millions to investors in 2022?
In the same year that everyday investors lost a whopping $350 billion, Masterworks had its best year yet – really. Their 9 art sales returned $25.8 million to investors, a record amount. Talk about a Happy New Year…
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“Net Return” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Regulation A disclosures at masterworks.com/cd.
Market Action
Layer 1 Tokens Rally As Investors Shrug Off GDP Growth
Aptos and Canto Enjoy Stellar Week
By Owen Fernau
Tokens for smart contract platforms defied the mild swoon in crypto markets Thursday and Friday. MATIC, the native token of the Polygon blockchain, a popular scaling solution for Ethereum, jumped 8% in the last 24 hours in early morning trading U.K. time. Fantom’s FTM is up 6%, according to The Defiant Terminal.
Read the full story in The Defiant
Crypto Phones
Solana Unveils App Store For Saga Phone
Marketplace Will Be Free and Use Solana Pay For Transactions
Solana Mobile has released details of its native App store, which will be available exclusively on Solana’s Saga phone when it launches.
Read the full story in The Defiant
Defiant Video
Video Shorts
Doodles launching on Flow Blockchain?
Sponsored Explainer
What is Vertex?
A Sponsored Primer on a Key Decentralized Trading Platform
The FTX collapse injected doubt into the very concept of centralized platforms. In contrast, decentralized exchanges offer both transparency and self-custody. But how can DEXs bridge the liquidity gap that CEXs offer?
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