NFT market updates from 2/25/22

Top 5 NFTs ($ Sales Rev):

1.Bored Ape Yacht Club #4580: 1.73M
2.Bored Ape Yacht Club #1837: 1.49M
4.Bored Ape Yacht Club #7076: 787.27K
4.Bored Ape Yacht Club #1332: 352.5K
5.CryptoPunk #9764: 346.7K

Top 5 Marketplaces ($ Sales Volume):

1.OpenSea: 92.95M
2.LooksRare: 61.21M
3.CryptoPuns: 2.4M
4.NBA Top Shot: 2.04M
5.Axie Infinity: 1.86M

Fraktal: New NFT Marketplace Launches March 7th

On March 7th, NFT platform Fraktal will launch their marketplace, enabling creators and collectors to sell and own a fractionalized interest in NFTs.

The ultimate vision for Fraktal is to become a platform to be built upon. With the release of $FRAK—their governance token, they’ll be able to implement DAOs, AMMs, and builder tools that enable innovative creators to do things Fraktal hasn’t even imagined yet.

Fraktal is a community first project, with a mission to empower artists to be in full control of their work and have unlimited creative freedom.

Animoca Brands Leads $10M Funding Round for NFT Platform Ucollex

Ucollex, a Hong Kong-based non-fungible token (NFT) platform focused on art and pop culture collectibles, has closed a $10 million Series A funding round led by Animoca Brands and the MCP IPX One Fund from Japanese investment firm MCP Asset Management. The valuation of the company was not disclosed.

Ucollex’s NFT platform doesn’t require buyers to have a digital wallet and offers exclusive content, artist interviews, 3D art and virtual reality experiences. Last autumn, it teamed up with crypto exchange Binance to support the first NFT launch from luxury fashion brand Jimmy Choo.

NFT projects thrive even as OpenSea trading volumes take a hit

Monthly volumes on OpenSea have declined in comparison with January’s record-breaking start, but select NFT collections are still seeing their floor prices soar.

Ether (ETH) price has decreased by nearly 16% in the last seven days, and since most NFT projects are on the Ethereum network, NFT collectors tend to remain unphased, shopping for NFTs at a bargain.

It seems investors are heavily valuing open-source and interoperable features as good positions for the next phase of the metaverse.

Duke Partners with OneOf for Special Men’s Basketball NFT Collectibles

Duke Athletics has announced a partnership with OneOf, the multi-chain platform revolutionizing sports, lifestyle, and music blockchain collectibles and experiences, for a special NFT collection.

OneOf is an NFT platform designed to create an environmentally sustainable, creator-and-fan-friendly experience. Built on multiple environmentally responsible proof-of-stake blockchain protocol, including Tezos and Polygon, minting a NFT on OneOf's platform uses up to two million times less energy than other proof-of-work networks, and for its artist, athletes, and brand partners, minting NFTs costs $0 in blockchain transaction fees.

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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