When Twitter announced the rollout of NFT profile pictures on its Twitter Blue service, to say that users reacted strongly would be an understatement. There were emotions ranging from cries of triumph to nausea-induced rants. Ready to show off your NFT? Follow these simple steps to connect your crypto wallet and let’s see your NFT PFPs! […]

Olympus DAO is under fire after price drop and liquidations.

LooksRare is making a move in the NFT market.

Despite being the new kid on the crypto block, non-fungible tokens (NFTs) are stamping their authority as trendy digital assets based on increased adoption. (Read More)

Continue reading at Coinspeaker

The NFT OpenSea marketplace purchased ETH wallet maker Dharma Labs and its CEO Nadav Hollander will become the new CTO of OpenSea so let’s read more in today’s latest Ethereum news. The OpenSea marketplace purchased ETH wallet maker Dharma Labs according to the statemetn issued today by CEO and co-founder Devin Finzer. He hopes the […]

OpenSea, a leading marketplace for non-fungible tokens (NFTs), announced that it had bought cryptocurrencies digital wallet Dharma Labs for an undisclosed amount. (Read More)

2021 was a wild year for the NFTs ecosystem, but 2022 has started off even wilder.

The post A 22-year-old makes $1 million by selling NFTs appeared first on CryptoSlate.

The OpenSea NFT market hits record $3.5 billion in monthly ETH volume, maintaining its leadership role as we are taking a closer look at today’s latest crypto news. The OpenSea NFT market recorded a new high in monthly Ethereum trading volumes and soared past the $3.5 billion mark according to the data from Dune Analytics. […]

Leading NFT marketplace OpenSea has seen its monthly trading volume in Ethereum hit a new all-time high above $3.5 billion.

A new non-fungible token (NFT) marketplace LooksRare launched with a bang last week, transacting over $1 billion in sales after debuting only on January 10. Total sales figures are now more than 40 percent of leading NFT platform OpenSea’s entire sales volume for the past week, according to DappRadar. Interestingly, the latest NFT platform LooksRare achieved such a large sales volume with only a fraction of the users of OpenSea. For instance, on January 13, LooksRare’s sales volumes were more than five times higher than OpenSea, yet it did so with less than 3,000 users, compared to OpenSea’s 70,000. The platform’s incentive structure reveals how this has been possible. As part of the launch, LooksRare offered a free airdrop of LOOKS tokens to OpenSea users who transacted at least 3 ETH worth about $9,630 on the marketplace between June 16 and December 16, 2021. This tactic is known as a ‘vampire attack’ when one platform uses incentives to lure their top customers. LooksRare is the second platform to have utilized this tactic against OpenSea, the first being Infinity in October last year. The latest NFT platform arrives at a time of OpenSea’s continual success, but also frustration across the NFT community. For instance, OpenSea has been facing technical issues lately, including a period of extended downtime which CEO Devin Finzer described as ‘unacceptable.’ He further assured that the NFT platform will ramp up the hiring of engineers and customer service employees. I know how impactful outages are to the creators and communities who rely on OpenSea, and this morning’s extended outage was unacceptable. Here’s what happened, and what we’re doing to improve – fast: https://t.co/zo2eCLEBrU — Devin Finzer (dfinzer.eth) (@dfinzer) January 10, 2022 Despite this, OpenSea is currently on track for its best month to date in Ethereum trading volume. Currently, the platform’s ETH trading volume sits at $2.27 billion already, only one-third of the way into the month. Meanwhile, the best month to date was August 2021 with nearly $3.43 billion in ETH trading volume. The NFT market overall surged to more than $22 billion worth of trading volume in 2021, according to data from DappRadar. OpenSea led the market share with more than $15 billion of trading volume in 2021, according to data from Dune Analytics.

The post LooksRare on Track to Overtake OpenSea in Market Share appeared first on Cryptoknowmics-Crypto News and Media Platform.

While the crypto market mayhem might not be over, the OG non-fungible token (NFT) marketplace OpenSea has been recording impressive volumes. However, OpenSea’s competitor LooksRare, which launched on 10 January, has been breaking its records with regards to sales. Dune Analytics recorded that since the launch, OpenSea has clocked total volumes of over $965 million. […]