🖼 Louis Vuitton to release a new NFT collection called “Treasure Trunks"; priced at $42,000 each.
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Blur's Blend has an 82% dominance over the NFT lending market, and is responsible for a loan volume of $308 million in the past 22 days
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🟠 Binance launched NFT loans feature on its NFT marketplace.
The feature currently supports ETH borrowing against “blue-chip” NFTs, such as BAYC, MAYC and Azuki.
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💰 NFTs on Bitcoin rise to 2nd place by trading volume among blockchains.
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📣 Immutable and MetaStudio Announce Partnership to Enhance the Gaming Metaverse
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📊 NFT sales plummet in May
According to DappRadar, NFT sales plummeted in May due to the Memecoin craze and high Ethereum fees.
However, the average number of daily unique active wallets interacting with NFTs increased by 27% in May compared to April.
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🐸“Bitcoin Frogs” become the most-traded NFT in the past 24 hours, surpassing Bored Apes.
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📣 Miladys volume reached over $22 million last week, more than the triple from its previous high
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🖼blur continues to dominate the NFT marketplace trading volume with an almost 50-60% daily volume share
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📣 First Free Spacebrat NFT Minted Over 300,000 Times Across Several Blockchains
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🖼 NFT trading volume hits lowest level since 2021. This is an 80% decrease from last year.
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🔵 Ethereum remains the dominant leader in NFT sales transactions, representing nearly 72% of all NFT sales volume. Solana maintains 2nd place with a 12% volume share
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🖼 NFT volume on Ethereum declined to $989.5M in April, falling below the $1B mark for the first time this year
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🟠🥇 Binance to support Bitcoin NFTs to its marketplace through ordinals support.
The NFT trading platform of the Binance exchange will integrate Bitcoin Ordinals at the end of May. Users will be able to trade Ordinals without the need for an additional wallet connection.
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🖼 Top NFT Collections of 2022 Lose Their Shine as Floor Prices Fall
The Doodles collection has declined 90% in terms of floor price, falling from 23 ETH to just 2.3 ETH. Moonbirds is another NFT collection that has fallen from its heights. Floor prices have dropped 94% from 32 ETH to 2.1 ETH. The Goblintown NFT collection once had a floor price of 6 ETH. It has now tanked to just 0.27 ETH. Invisible Friends collection has seen floor prices fall 85% from 8 ETH to 1.15 ETH.
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🖼 In April, Ethereum’s NFT trading volume fell below $1 billion for the first time this year.
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🖼 Luxury Auction House Sotheby's Sells Portion of 3AC's NFT Collection for $2.5 Million
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🖼 In May 2023, NFT sales could fall below $1 billion for the first time this year, as trading volume is currently $333 million from 2.3 million sales. Blur leads the NFT marketplace with a 62% stake on trading volume, OpenSea has a larger user base (104,882 traders vs. Blur’s 12,747). Over 7.4 million Bitcoin Ordinals have been minted. Read more about dappradar NFT
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🖼 Pudgy Penguins NFT creators (Top-11, 166K ETH) will launch Pudgy Toys on May 18.
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🖼 Web3 education leaders team up to roll out beginner NFT platform HeyMint
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🖼 Fractional NFT project Tessera to shut down amid challenging crypto market
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🔵 OpenSea Pro has added a feature to display the price difference of NFT series, and users can view the highest quote and the lowest price of each NFT series.
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🐴 Uniswap Labs has added an NFT viewing and creation functionality to the Uniswap wallet.
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