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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    Blue chip NFTs sink double digits as ETH retreats from record highs

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

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    Stability World AI Adds Games to Transform the Future of Web3 Gaming

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    Play Solana to ship handheld gaming device in October

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

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    Avalanche Selects Funtico to Support Indie Game Developers

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    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

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    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home NFT

NFTs dressing up as a bull?

October 25, 2023
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NFTs dressing up as a bull?
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Are non-fungible tokens (NFTs) actually back this time, or are they just dressing up as a bull for Halloween?

Life seems to have returned to NFTs, both in sales and in how people talk about them. Fueled by Bitcoin’s mega bullish “Uptober,” fantastic art sales in NFTs, Blur’s Season 2 rewards end date announcement, and traders throttling back on social finance (SoFi) platforms, these events are driving traders back to NFTs.

READ ALSO

Base claims top 3 spot in 30-day NFT volume: DappRadar

floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

Friend.tech had kept traders busy for the past two months, but now is struggling to keep their attention, with key trading volume falling off drastically ever since security concerns were reported by the community in early October. Once users had a reason to look elsewhere for their degen needs, they turned right back to NFTs and other SoFi platforms like Stars Arena and New Bitcoin City.

But NFT activity really started ramping back up on Oct. 9 when Blur announced Nov. 20 as the end of point rewards farming. The market got a few additional pumps from fake Bitcoin ETF approval news on Oct. 16, followed by tangible reports on Oct. 20 that ETF approvals are imminent.

NFTs move on news, and a steady stream of positive stories is giving the market some serious momentum.

In the past week, that momentum has driven multiple NFT collections like Michelin and Trip.com to sell out their primary sales, a nearly impossible feat in the bear market. Equally as impressive is Zynga’s SugarTown Oras, who maintained the value of their NFTs after their art was revealed. If you’re active in NFTs, you know just how rare of a feat this is.

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That same momentum extended to the global NFT markets.

Last week was the second consecutive week of increased sales in NFTs, which is something we haven’t seen since the beginning of August. Sales are up 25% from the year’s low of US$55 million just two weeks ago, and nearly all metrics saw a similar increase. Wash sales even got in on the action with over US$33.5 million in sales, its highest weekly total since US$53.9 million on the week of August 14, and up 99% from US$16.9 million on the week of Oct 2.

Last week’s sales represent a five-week high for the NFT market and was capped off by Friday’s US$11.1 million in sales, the highest day of global NFT sales since Sept 20.

Some caution is warranted by NFT traders, though. If the NFT market is largely moving because of Bitcoin’s Uptober, you should be aware that four of the past five years saw the price of $BTC tumble in November.

Still, even if Bitcoin does falter, we’re primed for a big year in the blockchain in 2024, with traders who have shown us that they’re still very active, engaged, and ready to turn on the trading faucet at the drop of news.

NFTs are not back yet, but the hot crypto market will soon bring about a thaw.

Peep the charts

  • DMarket again is the king of NFTs with over US$9.2 million in sales, primarily from Counterstrike gaming skins.
  • Gods Unchained saw 46% increase in transactions, with hype building ahead of the highly anticipated Season 2 launch on Oct. 25.
  • $SATS BRC-20s saw major sales this week, including Bitcoin’s top Ordinals sale this week, a US$47,000 bundle that sold on Oct. 20.
  • Winds of Yawanawa continues to be a powerhouse art collection, and will see 10% of the week’s $2.2m in sales going to the Yawanawa tribe as royalty.
  • The Captainz NFTs from 9gag are on fire this week, with sales up 230%, and transactions 186% as collectors want in on their upcoming $MEME coin action.
  • Ethereum is green across the board and crossed the US$40 million threshold for the first time in five weeks.
  • Mythos Chain is again seeing 99% of its volume coming from gaming skins on DMarket.
  • Solana’s Solcasino gambling platform traded for over US$989,000, pushing its blockchain into the third spot, and well ahead of the rest.
  • Bitcoin is perhaps primed to recover faster than other chains, with $BTC being the focus of investors around the world, and mass adoption of the blockchain likely coming through Bitcoin.
  • Panini is in the top ten this week with sales volume up over 303%, thanks to red-hot NFL NFT trading action.
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Tags: BulldressingNFTs

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