Non-fungible token marketplace OpenSea is headed for its highest volume month ever, indicating NFTs may be one sector of the cryptocurrency economy that has decoupled from bitcoin’s price drop.For the first half of January, OpenSea has generated nearly $2.7 billion in volume, which is on track to surpass the $3.4 billion high it notched in August, according to data from Dune … [Read more...] about OpenSea on Track for Record Month as NFT Sales Boom
Boom
Get Ready for the 2022 Metaverse Real Estate Boom
Still, real estate NFTs promise the ability to democratize property ownership, a space that has historically excluded a majority of the world. GoBankingRates quoted a research analyst at Grayscale Investments who noted that historically, real-estate value is largely influenced by proximity to shops, services and attractive neighborhoods. It remains to be seen if that may happen … [Read more...] about Get Ready for the 2022 Metaverse Real Estate Boom
The stablecoin boom won’t continue without decentralized interoperability
Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerable resources in being up to speed with the trends. A November 2021 report published by the United States President’s Working Group on Financial Markets details the various measures to ensure stablecoin regulation is implemented … [Read more...] about The stablecoin boom won’t continue without decentralized interoperability
Around the Block #15: CryptoPunks, the NFT boom, and EIP-1559
Around the Block sheds light on key trends in crypto. In this edition, Justin Mart and Connor Dempsey highlight the latest NFT boom, and Ethereum’s EIP-1559 upgrade.CryptoPunks & the latest NFT boomA Veblen good is a type of luxury good for which the demand increases as the price increases, in apparent contradiction with the law of demand. Rolex watches, diamonds, yachts, … [Read more...] about Around the Block #15: CryptoPunks, the NFT boom, and EIP-1559
OpenSea trading volume explodes 76,240% YTD amid NFT boom
Trading volumes on peer-to-peer non-fungible token (NFT) marketplace OpenSea has surged by over 12,000% in 2021.DappRadar data shows that the total incoming value to OpenSea's smart contracts increased to $56.07 million on Aug. 11 compared to $73,556 on Jan. 1. Meanwhile, the marketplace's user count increased from 315 to 14,520 in the same period, a 4,423% increase.OpenSea … [Read more...] about OpenSea trading volume explodes 76,240% YTD amid NFT boom