NFT market updates from 1/18/22

Top 5 NFTs ($ Sales Rev):

1. Meebit #6014: 48.24M

2. Meebit #15248: 47.27M

3. Meebit #15248: 46.32M

4. Not A Punk #1141: 20.42M

5. Not A Punk #1141: 20.01M

Top 5 Marketplaces ($ Sales Volume):

1. LooksRare : 504.16M

2. Opensea: 122.69M

3. Magic Eden: 11.17M

4. Axie Infinity: 5.31M

5. CryptoPunks: 2.15M

Korean Bithumb exchange to launch NFT marketplace

Bithumb is developing an NFT marketplace with “a large company” thought to be LG CNS, a subsidiary of LG Corporation.

Launching an NFT marketplace would help Bithumb remain competitive. Bithumb currently sits comfortably in second place among Korean exchanges ranked by trading volume. However, it is a distant second behind Upbit which boasts $1.7 billion in 24 hour trading volume compared to Bithumb’s $730 million.

The Korbit crypto exchange, which is owned by gaming giant Nexon, was South Korea’s first exchange to launch a NFT marketplace in June 2021. Korbit is Korea’s fourth-largest crypto exchange with about $7 million in 24-hour trading volume.

JPMorgan says ethereum is losing ground to rivals in the NFT market, which could boost the likes of solana

High gas fees and congestion have pushed NFT apps away from the ethereum network.

The bank’s analysts found ethereum’s NFT volume share has fallen from 95% at the start of 2021 to around 80%.

If the trend continues, it could start hitting ethereum’s price.

Soros, Winklevoss Invest in NFT Creator Now Valued at $5 Billion

Animoca raises $359 million in round led by Liberty City.

Company’s valuation has grown from $1 billion in July

The latest fundraising was led by existing backer Liberty City Ventures and also included participants like Mirae Asset, Sequoia China, Kingsway, Pacific Century Group and C Ventures, according to a statement. Animoca and its subsidiaries offer NFTs and games tied to blockchain platforms, both its own creations and collaborations with outside brands, spanning mobile devices, home consoles and the web.

About us by ProjectX is a launchpad for NFT issuers, Celebrities, KOLs, and other key figures who would like to set up pools of NFTs and raise funds for it via a public sale (IDO style). Project X works to provide the most secure and simplified way to gain exposure to the NFT market with the use of pools and Indexes. The aim is to create different themed pools of NFTs which include Music, Digital Art, Sports Cards, and KOL issued NFTs to name a few. They have also signed partnerships with Polygon, Terra Virtua, LOCG, Glimpse and more than 10 other blockchain companies.

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