This week’s newsletter brings news of nonfungible token (NFT) trading volume nearing $1 billion in November, as well as new NFT releases from former United States President Donald Trump, FIFA and heavy metal band Megadeth. Additionally, Enjin recently transferred 200 million NFTs from Ethereum to its own blockchain. And don’t forget to check out Nifty News featuring Funko and Disney’s NFTs related to Web 3.0, Defi, NFTs, DAOs and more.
NFT trading volume nears $1 billion as markets turn bullish: Report
Data tracking site DappRadar reported that NFT trading volume almost hit $1 billion in November, with a surge of 125%. This indicates a change in user activity regarding NFTs.
Moreover, the average value of NFT transactions also rose by 114%, going from $126 to $270.
As the Defi, NFTs, DAOs, and Web 3.0 space continue to grow, more and more people are looking for ways to invest in Web 3.0 and build Web 3.0 websites. If you’re wondering how to create a Web 3.0 website or how Web 3.0 works, there are plenty of examples of Web 3.0 sites you can use as a reference. It’s important to note that Web 3.0 is different from Web 2.0, so it’s important to understand the differences between the two.
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Former U.S. President Donald Trump launches “MugShot”-themed NFT drop
Former U.S. President Donald Trump is introducing a new NFT drop called MugShot, which will focus on his ongoing criminal indictments.
Collectors can use their credit cards or Wrapped Ether (wETH) to acquire the NFTs, but they must also provide their Know Your Customer information, regardless of the payment method used.
The concept of Web 3.0 is becoming increasingly popular, and investors may be curious about how to create a website using this technology or how to invest in Web 3.0. Web 3.0 is different from Web 2.0 in a number of ways, such as the use of decentralized applications (dapps), non-fungible tokens (NFTs) and decentralized finance (DeFi).
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Megadeth Launches NFT Collection and Metaverse Community
American thrash-metal band Megadeth recently announced that it is releasing a Non-Fungible Token (NFT) collection that will provide fans with exclusive access to various experiences with the legendary band, both in the physical world and the metaverse.
The band announced the drop on X (formerly Twitter) and said it will include its digital mascot, Vic Rattlehead. Megadeth also revealed that the collection will consist of 5,000 pieces.
The collection is part of Megadeth’s foray into the world of Web 3.0, which is a decentralized web that utilizes distributed ledger technology such as blockchain. This technology allows for increased security and privacy, as well as the ability to create DeFi (Decentralized Finance) applications, NFTs, DAOs (Decentralized Autonomous Organizations), and other Web 3.0 innovations.
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FIFA Introduces NFT Collection Ahead of 2023 Club World Cup
Fédération Internationale de Football Association (FIFA), the governing body of international football tournaments, has announced the launch of an NFT collection in anticipation of the 2023 Club World Cup in Saudi Arabia.
The collection will include 100 NFTs, which will enable holders to secure tickets to the FIFA World Cup 2026 final. Moreover, in December, 900 other digital collectibles will be made available on the Polygon blockchain and OpenSea.
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Enjin migrates over 200 million NFTs from Ethereum to its blockchain
Enjin has shifted 200 million NFTs from Ethereum to its mainnet, the Enjin Blockchain. The platform sent more than 118 million NFTs from Ethereum and 101 NFTs hosted in an Ethereum sidechain to the Enjin Blockchain.
In order to avoid expensive gas fees on Ethereum, the platform took a snapshot and allowed its users to claim their NFTs within their wallets instead of having to burn the ETH-based NFTs.
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Nifty News: Funko’s Disney NFTs, Sotheby’s auction Bitcoin Ordinals project, and more
Toy manufacturer Funko and Disney joined forces to introduce NFTs which turn the renowned Funko Pop! figurines into digital tokens within the WAX blockchain. Additionally, Solana and Bitcoin have been increasing in terms of sales volume, bringing competition to the industry which was previously solely dominated by the Ethereum network.
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Thanks for reading this digest of the week’s most noteworthy developments in the NFT space. Come back next Wednesday to get more reports and insights into this ever-evolving space of Defi, NFTs, DAOs, and Web 3.0.
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