Elena, a pseudonymous NFT researcher and artist, openly acknowledged incorporating traced pixel art into her highly anticipated collection, Atomic Ordinals.
Beyond each PFP adorned with a legion of Twitter followers lies an individual. Within the realm of Web3, it is not prudent to rely solely on one person's judgment when deciding whether or not to participate in minting an NFT collection.
A recent report by DappRadar indicates that although the trading volume of NFTs is on a downward trend, there is still a significant number of traders and sales, indicating a shift in trader behavior.
Blur's latest lending platform, named Blend, enables traders to temporarily lease out their NFTs to enhance liquidity. Nevertheless, there are apprehensions about its potential implications on the wider NFT markets.
Muneeb Ali, CEO of Trust Machines and co-founder of Stacks, expressed on StageX at Consensus 2023 that
Investments in blockchain games and metaverse projects reached a total of $739 million for the quarter, representing a significant amount of capital allocated to these emerging technologies.
The expensive auction on OpenSea is a continuation of a pattern whereby celebrity estates are creating blockchain-based posthumous collectibles.
The company said that NFT collections and limited-edition projects from certain artists can be released on their own drop pages.
The famed auction house may now conduct sales and auctions 'from start to finish' on the Ethereum blockchain thanks to the new marketplace.
By giving NFT producers the ability to create fully configurable drop pages, post photographs, videos, and more, the market place aims to place a priority on storytelling.