This week, Bitcoin NFTs are having their moment, placing them right behind Ethereum NFTs in terms of sales. Meanwhile, NFT lending platforms and lending services are also gaining momentum. Blurb Blend dominates with 82% of the NFT lending market share, while Binance has released its NFT lending service that allows holders to use their blue-chip NFTs as collateral to secure ETH loans.
In addition, Nike’s .SWOOSH platform released its first collection of digital sneakers, which has generated over $1 million in sales to date, though the mint process has been in the park for eager buyers, facing numerous delays and technical difficulties. Didn’t want to walk.
You are reading the airdropOur weekly newsletter where we discuss Web3’s biggest stories. Sign up here To get it delivered to your inbox every Friday.
Stop it, bitcoin nft: NFTs have continued to grow in popularity over bitcoin, according to data from CryptoSlam, reaching the number two spot in terms of sales per blockchain, coming in behind ethereum. Bitcoin NFTs are a relatively new phenomenon, as they effectively did not exist prior to the enabling of tokenization on the bitcoin mainnet in January 2023.
Nike’s jagged path to $1M: .SWOOSH, Nike’s Web3 collectibles platform, released its first NFT sneaker collection Our Force 1 and surpassed $1 million in sales despite a banged up mint. Sales, which began with “First Access” on 15 May after several delays, encountered several technical problems that hindered the user experience. “General Access” sales began on 24 May – two weeks after its initial proposed date – and encountered a number of problems with traffic and technology. The sale is ongoing, but Nike has already declared it a success on Twitter, despite the fact that not many NFTs have been sold.
NFT lending trends are: NFT lending platforms and lending services are flourishing as buyers look for new ways to enter the NFT market without spending thousands of dollars:
What: Pixelgeist, a 2,136-edition NFT collection, blends fashion, art and technology through vivid and colorful pieces of art created using artificial intelligence. The collection is made up of Silver’s new artwork in variant sizes, with each piece depicting a “pixelgeist”, described as “a digital entity that embodies the essence of an AI soul trapped within a picture”. ” Each purchase came with an NFT, a digital and physical wearable featuring artwork and a digital avatar wearing special apparel.
How: During the mining process, collectors were asked two questions that determined how they found the combination of artwork and clothing together. The collection sold out, although several secondary markets are available to buy OpenSea.
Doge-Umentary: Columnist Jeff Wilser checks in with TriDog, a member of Own the Doge DAO, who is working on a wild documentary to tell the story of Memecoin.
Divine Way: Gods Unchained, Ethereum’s highest-grossing trading card game, has updated its project roadmap, planning to launch a mobile version for both Android and Apple devices by the end of 2023.
Metaverse Master: China’s Web3-friendly city of Nanjing, which previously launched a $1 billion blockchain fund, has launched a state-backed organization aimed at promoting metaverse studies nationwide.
actually killing: Decenterland is hosting a three-day Pride event that includes virtual art installations and live music performances.
The NFT lending market has seen a huge resurgence in interest following the launch of Blend, the NFT marketplace that is already doing hundreds of millions of trading volumes. Two more companies entered the market this week, Binance and Astaria, with their own unique offerings and they won’t be the last.
But before you put your NFTs into one of these lending protocols, you should know how they work and the full suite of options available for making money without selling your NFTs. We’ve got you covered in this guide.