Galactic Buzz #40: Latest happenings in the NFT space

GM again, fellow degens!

Galactic Buzz is back to take you on an insightful journey through the captivating world of NFTs. In this week’s edition, we’ll be going through the latest milestone of Bitcoin NFTs, how Logan will make up for his failed game, some potential partnerships in space and more.

So, buckle up for an enlightening voyage through the NFT landscape. We assure you, it’s an experience you wouldn’t want to miss out on!

Top NFT Sales Analytics 📊

The Global NFT marketplaces’ sales volume for the 7-day period is over $310.2M.

Square Enix’s Major Restructure

Square Enix, a video game company in action since 2003, has announced that it’s now pivoting to AI and blockchain. The company plans to aggressively incorporate these technologies into its content development and publishing processes to provide innovative experiences for players.

They’ve also launched an interactive art experience using NFTs.

A New Year's Letter from the President | SQUARE ENIX HOLDINGS

People's lives took a turn for the better in 2023 thanks to the COVID-19 pandemic largely subsiding, after having raged…

www.hd.square-enix.com

Paul Logan To Buy Back His Own NFTs

Logan Paul recently announced a plan to buy back all the NFT eggs from his failed blockchain game CryptoZoo and return the money to players. This buyback process will compensate investors for their initial investments. While some see this as a PR move, it does provide financial relief to those who lost money.

Whether or not this helps Paul regain trust of the collectors or not is yet to be seen.

Now Trade Home Addresses with Propy

A new dApp (decentralised application) called PropyKeys allows users to mint and trade real world home addresses as NFTs on the blockchain. It enables property owners to mint their physical addresses onchain and exchange or stake these digital titles.

Transacting properties is much easier with NFTs, isn’t it? 

New Milestone for Bitcoin NFTs

NFT sales on the Bitcoin blockchain have reached over $881 million, setting a new record. Some credits for this achievement could be given to the Ordinals protocol which allows for the creation of unique Bitcoin-based NFTs called Ordinals by inscribing data onto satoshis.

A notable Ordinals auction was held by Sotheby’s featuring pixelated art from the “BitcoinShrooms” collection, with some pieces selling for over $100,000.

Bitcoin sales volume data, graphs & charts / CryptoSlam!

Track Bitcoin historical sales volume growth over time. Monthly and daily aggregated sales totals.

www.cryptoslam.io

Connect with Us!

The first week of 2024 was quite exciting for all NFT enthusiasts. The rest of it shall bring forth much more partnerships, launches and an exciting bull run! Stay tuned to not miss out on any of this.

Join the conversation on Twitter | Explore our Website

Disclaimer: The Galactic Buzz provides news and updates from the NFT world. Always do your own research before making any investments.