NFT Review 67 - OpenSea's dominance begins to wane
NFT Review 67 - OpenSea's dominance begins to wane
Apple's stance on NFTs, a fully on-chain 3D voxel world, Spacers presale live, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Dear NFT enthusiast,
A new Binance Market Pulse was released on Oct. 20, revealing that there has been a slow and steady change in NFT market leadership. It stated that while OpenSea is still the dominant marketplace in terms of users and volume, fierce competition within the Ethereum ecosystem and beyond is taking from OS’s pie.
On the home front, X2Y2 and LooksRare are the main challengers, while from beyond, the competition is spearheaded by Solana’s Magic Eden. The data shows Solana’s NFT sales volume increased by 13% in Q3 while Ethereum’s dropped by 16% since the end of the second quarter.
If Solana x Magic Eden’s rise in the NFT sales chart has taught us anything, it is that in crypto (as in most of life and business) the #1 spot is not guaranteed to anyone regardless of the first mover’s advantage. Thus, as an early adopter, if you have a conviction on the superior strengths of an ecosystem/protocol/team/product, don’t be afraid to back them even when it seems they are too far from the ‘top’. The future is built by dreamers, workers, and believers.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
The presale phase of the Spacers NFT sale is live. All Kanaria holders with Kokopelli gem have less than 3 more days to participate. Spacers is an advanced NFT collection by Subsocial in collaboration with RMRK.
PhalaWorld hosted a Twitter Space on NFT Customization with RMRK.
Julieanne Ng is the new Singular Spotlight Artist.
MetaDojo announced that it will build a virtual stadium in Bit.Country in honor of the 2022 FIFA World Cup.
Bit.Country published a new software development update and hosted a Twitter Space on How to build utility & bring your community across to the metaverse.
Enjin is running a Halloween Contest.
🗞 NFT News from Ethereum and Beyond
Phishing scammer Monkey Drainer has pilfered as much as $1M in ETH.
New Apple rules double down on 30% NFT ‘tax’ and geo-limit exchanges.
Swiss Seba Bank launches NFT custodial services despite market decline.
MLB players union seeks NFT licensing manager.
Q&A: Play-to-earn mechanics 'kill' blockchain games — so what's the answer?
Telegram username auction marketplace 'almost' ready to launch.
OpenSea revises NFT rarity ranking protocol after community feedback.
Metaverse casino served emergency cease and desist to halt NFT sales.
Will museums of the future just be giant NFT galleries?
Can NFTs democratize scheduled TV programming in the Web3 era?
Shopify users get their hands on Tezos NFTs with new partnership.
Azuki introduced Physical Backed Tokens (PBT), an open-source token standard for tying physical items to digital tokens.
Blur, a marketplace aggregator for NFT power users, launched to everyone and unveiled $BLUR airdrop plans.
Quix is running an L2 NFT bridging contest through the rest of today.
Rarible unveiled its 2.0 platform, which provides aggregated listings, bespoke collection marketplaces, revamped $RARI rewards, and more.
Tessera is working on new features for Nounlets releases.
Reddit Collectible Avatars, which are Polygon-based NFTs, now have ~3M holders.
Warner Bros. released a digital collectibles series based on the first Lord of the Rings film.
SuperRare added support for more Blueprints collections via Async Art.
Axie Infinity unveiled a Halloween Bonus AXS Leaderboard Rewards campaign.
Sorare is launching an NFT-based NBA fantasy sports game.
Arpeggi published A Year in Review upon its first birthday.
Decentraland announced the details of the 2022 Decentraland Metaverse Music Festival.
Optimism + Lattice announced OPCraft, a fully onchain 3D voxel world.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!