Non-Fungible Token (NFT) Market Shows Signs of Recovery
The NFT market has experienced a slight recovery in the past 24 hours, with a 11% increase in value, reaching $32,246,366. While buyers and sellers have seen a small decrease of 1%, transactions have increased by less than 1%, according to CryptoSlam. The top-performing collections of the day are LIGO BRC-20 NFT (+130%) and Dokyo (+29%). Ordinals lead in sales volume with $1.49 million, followed by CryptoPunks with $1.36 million.
Bitcoin and Solana Compete for Second Place
Bitcoin and Solana are battling it out for the coveted second place in the top 10 blockchains for NFT sales volume. Ethereum maintains its first-place position with a volume of $9.4 million, although slightly down. Bitcoin has surpassed Solana with a 21% increase in the last day, totaling $7.6 million in volume. Solana follows closely behind at $7.42 million with a nearly 3% increase in the past 24 hours.
Ronin Introduces Wallet Upgrade
Ronin, an EVM blockchain associated with Axie Infinity, has announced a major upgrade to its crypto wallet. This update will include stronger security measures, multi-chain support (including Ethereum), an in-app browser, and other new features. The existing wallets will remain accessible during the phased release of this upgrade.
Rario Closes Current NFT Platform and Plans New Launch
Rario, a cricket-focused NFT platform, is closing its current platform due to various challenges faced over the past six months. These challenges include the crash of the NFT sector, management failures, and regulatory headwinds. Rario will launch a new and improved version of the platform in March, but existing Rario cards will not be usable on the new platform. The team is working on a compensation plan for users who have experienced losses from their investments in these cards.
Hot Take: NFT Market Shows Signs of Recovery, Bitcoin and Solana Battle for Second Place
The non-fungible token (NFT) market has experienced a slight recovery in the past 24 hours, bringing some positive news to NFT enthusiasts. Bitcoin and Solana are currently competing for the second-place spot among the top 10 blockchains for NFT sales volume. While Ethereum maintains its first-place position, both Bitcoin and Solana have seen significant increases in sales volume. Additionally, Ronin has announced a major upgrade to its crypto wallet, aiming to provide users with enhanced security and functionality. On the other hand, Rario is closing its current NFT platform but plans to launch a new and improved version in the near future.
By
By
By
By