The NFT Market Sees a 12.5% Increase in 24 Hours
The non-fungible token (NFT) market has experienced a 12.5% surge in value, reaching $39,251,556.
Buyers and sellers have both seen a 2% increase, although transactions have decreased by 10%.
CryptoPunks has taken the top spot in the top 10 collections by sales volume, with over $3.5 million.
Ordinals are in second place with a 101% increase to $2,175,912 according to CryptoSlam.
However, the best performers of the day are Magic Ticket: Normie, GBTS BRC-20 NFTs, and Doodles with increases of 690%, 567%, and 392%, respectively.
Froganas and Gas Heroes Common Heroes have seen decreases of 6% and 3%, respectively.
Non-Fungible DAO Launches as Community-Owned Organization
The Non-Fungible DAO (Decentralized Autonomous Organization) was introduced as a community-owned organization with a focus on developing and driving adoption of NFT protocols.
The team believes that NFTs will become an integral part of daily life for most people in the future.
The Non-Fungible DAO owns and governs open-source technologies for NFTs on major chains such as Solana, Bitcoin, Ethereum, and Polygon.
Magic Eden will be contributing its trading and minting protocols to the DAO to support decentralization in the global adoption of NFTs.
CryptoPunks Tops Sales Volume Charts and Relaunches CryptoPunks721
CryptoPunks has claimed the top spot in sales volume with a value of $3,550,498, experiencing a 12% increase in the last 24 hours.
Buyers have increased by 56%, sellers by 25%, and transactions by 29%.
The CryptoPunks team encountered some issues with the initial release of CryptoPunks721 in December but has since fixed those and relaunched the platform.
CryptoPunks721 is the official smart contract for converting CryptoPunk tokens into ERC-721 tokens to work smoothly with certain protocols.
The wrapper contract is gas-optimized and allows owners to use their NFTs on platforms that support fungible tokens.
iSHANG and Earth Exchange Introduce NFT Staking Program for Environmental Sustainability
iSHANG and Earth Exchange have unveiled their NFT Staking Program in response to the COP28 climate conference.
The program offers carbon rewards exchangeable for the LCD Token through four levels: Advocate, Activist, Ambassador, and Warrior.
Participants can actively contribute to environmental awareness and sustainability by minting collectible NFTs.
The joint initiative aims to scale voluntary carbon markets and create a more sustainable future.
Hot Take: The Rise of NFTs Continues
The non-fungible token market continues to grow, with a significant increase in value over the past 24 hours. CryptoPunks remains a dominant force in the space, claiming the top spot in sales volume. Additionally, the launch of Non-Fungible DAO and the relaunch of CryptoPunks721 highlight the ongoing development and adoption of NFT protocols. Furthermore, iSHANG and Earth Exchange’s NFT staking program showcases how NFTs can be used to promote environmental sustainability. As the NFT market evolves, it is clear that these digital assets are here to stay and will play an increasingly important role in various industries and sectors.
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