Galactic Buzz #12

In the ever-evolving NFT ecosystem, captivating trends are reshaping the landscape. NFT volume witnesses intriguing fluctuations, and market participants eagerly await the next groundbreaking development. Brace yourself for the dynamic evolution of the NFT world!

• Epic Games and LEGO Group unite to create a secure and entertaining Family Metaverse.
• NFTs continue to mesmerize the Bitcoin community, propelling the network to the second-largest NFT chain. In just the past 30 days, an astonishing $167.47 million worth of NFT sales has taken place on secondary markets.
• Art Blocks experienced an extraordinary surge this week, with multiple collections achieving sales surpassing $100,000.
• Bitcoin Ordinals have become the talk of the town in the NFT market, causing a frenzy. The recent Bitcoin Frogs project generated a staggering $2.2 million in volume within a single day.
• NFTrade introduces a groundbreaking feature enabling cross-chain purchases across Ethereum, Polygon, Avalanche, and BNB Chain.

Welcome to Kometverse's Galactic Buzz, where we bring you the hottest updates straight from the pulsating heart of the NFT universe.

Get ready to immerse yourself in the latest and greatest trends, news, and discoveries—all at your fingertips! Let the adventure begin! 🚀

Top NFT Sales Analytics 📊

• The Global NFT marketplaces’ sales volume  for the 7-day period is over $158.78M with total transactions being 2.19M+.
• Top 5 NFT Sales with their values for the previous 7 days:

Weekly NFT Market Update 🗓️

• Binance has entered the NFT lending space, allowing users to borrow Ethereum using valuable "blue-chip" NFTs as collateral. The current annual interest rate is 7.91%, with a loan-to-value ratio between 40% and 60%.
• Former NBA star Shaquille O'Neal faced two lawsuits while broadcasting an NBA game. One lawsuit relates to his promotion of the now bankrupt cryptocurrency exchange FTX, while the other is regarding his NFT project, Astrals.
• Vertex Labs has acquired Digimental Studio, the parent company of NFT collection HAPE, for $12 million. Following the acquisition news, the collection's floor price increased by over 50%.
• Pudgy Penguins will release a limited edition high-end Shark Suit collectible priced at $249, with only 150 available.
• Magic Eden announced several changes coming to their marketplace, including NFT aggregation on Solana and a temporary -0.25% maker fee that allows users to earn SOL on successful transactions. They also open-sourced their marketplace contract to pursue composability.
• Renga hinted at an upcoming update for their RPG game, expected to arrive this Friday, and added an 'NPC' character trait to the metadata of Renga #5245. Following the tweet, Renga's floor price surged over 20%.
• 0n1Force shared a poster titled "Comeback tour" with various dates, including May 31st, 2023 circled. The collection has experienced volatile floor price but gained over 60% in the past 7 days.
• Burnt Toast, the artist and co-founder of Doodles, teased an augmented reality experiment featuring Doodles 2 avatar.
• Following a successful Sotheby's 3AC auction, Art Blocks collections such as Fidenza, Ringers, and Gazers experienced positive price action, with notable increases in ETH value.
• Kanpai Pandas and Remilio Babies were announced as the two collections eligible for lending platform Blend by Blur, with more collections to be added throughout the week.
• Azurbala revealed burn details for their upcoming PFP collection, setting the window from June 15 to July 26 and requiring the burn of a 'Bored and Dangerous' NFT plus 0.08 ETH.
• Nifty Gateway announced Collector Appreciation Month for June 2023, rewarding collectors based on lifetime spend. Eligible transaction rewards will be applied as USD to their Nifty Gateway balance for purchases or withdrawals.

Non-Fungible Brands’ Rankings 🏆

• Top 10 Blockchains by NFT sales volume for the last 7 days:

• NFT Collection ranking by sales for 7-day period:

• Top 10 NFT Marketplaces with their performance in last 7-days:

And that wraps up another edition of our newsletter.

Keep your eyes peeled for more exciting updates and news from the realm of digital collectibles. Happy collecting, and stay tuned for what's to come!