Galaxy Digital’s founder and CEO Mike Novogratz is an NFT advocate who expressed his enthusiasm for the industry in a public speech. Mike has a strong belief that NFT will be the unquestionable leader in 2022. Novogratz stated in a post earlier this month that NFTs will be the focus of crypto and Web 3.0. [...]

The post NFTs & Web3 Will Be Hot in 2022: Mike Novogratz appeared first on Blockonomi.

For the time being, OpenSea is the most active NFT marketplace in terms of trading volume. However, with each new year comes a new opportunity, and who knows, this year may offer us a new platform for NFT trading. Among OpenSea’s long-standing competitors, there is one fresh face that is challenging the company’s dominance: LooksRare. [...]

The post Will LooksRare Outperform OpenSea This Year? appeared first on Blockonomi.

LooksRare generated $8 billion in Ethereum NFT wash tradign as users attempt to game the trading rewards model according to analytics company CryptoSlam so let’s read more today in our Ethereum news. CryptoSlam said the vast majority of the hot NFT marketplace sales are illegitimate trades that were made to manipulate the token rewards model. […]

Much of January's record high volume is due to a new NFT marketplace scene called LookRare, which launched on January 10.

The post Monthly NFT trading volume reaches all-time high of $6 billion in January appeared first on The Block.