OpenSea sees a spike in Ethereum-based NFT sales, thanks to these factors

Ethereum-based NFTs on OpenSea saw its highest monthly sales volume since August 2022. OpenSea saw increased activity in the last 30 days. With Blue Chip non-fungible tokens (NFTs) collections at the forefront, the year has so far seen a resurgence of interest in profile-picture (PFP) NFTs.  Ethereum-based NFT sales have soared to a four-month high … Read more

Porsche NFT collection floor price collapses post-launch

Porsche’s NFT collection fell below its 0.911 Ethereum (ETH) — roughly $1,500 — mint price to 0.88 ETH ($1440) a few hours after its launch on Jan. 23, according to OpenSea data. The iconic carmaker drew the ire of the crypto community, who severely criticized its high mint price and described its sales strategy as … Read more

Loopring and Protocol: Gemini Partner to Build the Future of Gaming

We’re thrilled to announce our partnership with Protocol: Gemini ​​to bring their immersive Web3 games to Ethereum L2. Loopring is a secure compression machine that hyper-scales Ethereum applications reducing costs per transaction to as little as 1/100th of Layer 1. Loopring’s zkRollup and novel counterfactual NFTs, allow for gas-free NFT minting and trading while preserving … Read more

Loopring Quarterly Update (Q4/2022)

This is the fourth and final edition of our 2022 Loopring Quarterly Updates. You can catch up on the previous quarter here; you can also receive these updates in your inbox every quarter by subscribing here. While the overall crypto market has been going through a deep bear trend filled with plenty of drama, we’ve … Read more

Is Yuga Labs responsible for these changes in the NFT landscape? Details inside…

Yuga Labs drives growth in the Ethereum NFT market. Mutant Ape Yacht Club, BAYC see an increase in NFT volume and sales. According to data provided by Dune Analytics, there was a significant spike in the number of Ethereum [ETH] NFT trades over the last few months. One potential reason for this growth is the … Read more

Could the NFT market be in pole position for a Q1 2023 revival?

Crypto Punk NFT sold for six times the amount it was bought. NFT market would need some crypto price recovery to sustain a 2023 revival. If you were of the viewpoint that the NFT market year would end in a turnaround, then you may not be too far from the truth. Despite a rally on … Read more

Introducing: Community Ambassadors + Builders Initiative

Today we are introducing a new Contribute + Earn program into the Loopring L2 ecosystem. We are rolling out a new ambassador role as well as formalizing our Loopring Legend role in order to recognize and reward those who contribute to the growth of the Loopring L2 ecosystem! Last year we launched the Loopring Community … Read more

Ethereum NFTs surrender to crypto winter; will ETH suffer the same fate

Ethereum witnessed a decline in NFT transactions, but blue-chip collections did well Ethereum observed support from retail and large investors NFT transactions on Ethereum have declined significantly, from 22% NFT dominance to 8.3% according to crypto analytics firm Glassnode. On the other hand, stablecoin transactions grew and took up the space originally conquered by NFTs. This … Read more

OpenSea’s Ethereum gas usage has declined to almost zero

CryptoSlate’s analysis of gas consumption on the Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero. The analysis included token contract standards (ERC721 and ERC1155) and other NFT marketplaces like LooksRare, Rarible, and SuperRare. Source: Glasnode According to the above chart, overall gas … Read more

The BAYC-FTX connection: Why the Apes may not climb any price trees soon

BAYC’s royalties and treasury were stored on the FTX US exchange Floor price and volume dropped significantly over the week The NFT market felt the impact of falling prices as crypto rates plunged over the last few days. In fact, even Ethereum [ETH] blue-chip collections like Bored Ape Yacht Club [BAYC] could not bank on … Read more