NFT

Decline in NFT Sales Continues in September

Tuesday. October 1 at 8:00 AM

1 min. read

Non-fungible token (NFT) sales saw a continued decline in September, with monthly sales volumes failing to rebound. Data from CryptoSlam revealed that NFT sales totaled $296 million in September, marking a 20% decrease from August's $373 million. This figure also represents an 81% drop from the peak sales volume of $1.6 billion in March 2024. Despite this downward trend, digital collectibles have not experienced monthly sales below $300 million since January 2021. Additionally, total NFT transactions decreased by 32% from 7.3 million in August to 4.9 million in September. However, the average value of NFT transactions rose by 18% from $50.71 to $60 during the same period. The decline in NFT sales coincides with increased scrutiny from the SEC, with notable actions taken against NFT platforms and projects. Despite regulatory challenges, some industry insiders remain optimistic about the future of NFTs.

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Revolutionizing AI Data Management with Itheum

Thursday. October 3 at 7:00 PM

Artificial intelligence is rapidly advancing, with the global AI market expected to exceed $1.8 trillion by 2030. The growth in machine learning and other AI technologies is projected to have a 19.1% compound annual growth rate from 2024 to 2034. However, the lack of diverse, high-quality training data poses a significant challenge. Itheum, a decentralized data brokerage platform, aims to address this issue by enabling secure data control, sharing, trading, and monetization through blockchain technology. By utilizing data NFTs, Itheum allows for the ownership and licensing of data on decentralized marketplaces. Additionally, Itheum's Data Coalition DAOs aggregate valuable data sets, promoting fair compensation for data providers. With a focus on sectors like music, AI creators, and gaming, Itheum is revolutionizing data ownership and privacy through innovative technologies like zero-knowledge proofs and homomorphic encryption.

NFT

Expanding Presence in Asia: Aptos Labs Acquires HashPalette

Thursday. October 3 at 12:30 PM

Aptos Labs, the developer of the Aptos Network, has finalized an agreement to purchase HashPalette, a Japanese non-fungible token (NFT) service provider, in a strategic move to broaden its reach in Asia. On October 3, HashPalette disclosed its decision to transition into a fully-owned subsidiary of Aptos Labs following a deal with its previous owner, HashPort. As part of the acquisition, the Palette Chain blockchain and current HashPalette applications will be transferred to the Aptos Network. Aptos Labs views the HashPalette acquisition as crucial for its expansion into Asian markets. The company intends to leverage HashPalette's connections with Japanese businesses to engage with prominent companies in Japan and support local Web3 participants, such as developers, NFT creators, and enterprises. Meanwhile, HashPort will continue serving its corporate clients using Aptos Network's infrastructure. Additionally, Aptos' layer-1 blockchain will host the Franklin OnChain US Government Money Fund (FOBXX) after a collaboration between Aptos Foundation and Franklin Templeton, making FOBXX the first US-registered mutual fund to utilize blockchain technology on the Stellar network for transaction processing and share ownership recording.

NFT

The Rise of GoodEgg (GEGG) and the Struggles of Solana (SOL)

Wednesday. October 2 at 4:30 PM

Solana (SOL), a key player in blockchain, is facing challenges in meeting its projected gains, while GoodEgg (GEGG), an AI-powered dating meme coin, is gaining momentum with a predicted 16,000% surge in October. Solana's underperformance is attributed to recent token unlocks and macroeconomic factors like comments from the Federal Reserve Chairman. In contrast, GoodEgg's success lies in its unique AI-driven dating platform and its appeal to both retail and institutional investors. While Solana's future remains promising, its short-term obstacles may deter investors, whereas GoodEgg's presale success and growth potential make it a lucrative investment opportunity. With 81% of its tokens sold and a predicted surge in October, GoodEgg is positioned for explosive growth in the crypto market.

NFT

Gods Unchained Reveals 'Tower of Dread' Expansion

Wednesday. October 2 at 2:30 PM

Gods Unchained, the Ethereum NFT trading card game, is launching its new expansion 'Tower of Dread' on October 10. The expansion introduces 40 new cards, including seven legendary cards with unique 'Mythic' variants. Players will engage in the biggest battle yet against Thaeriel, with a new gameplay mechanic allowing card destruction for points towards discounts on expansion packs. Additionally, two new game boards and gothic horror-themed trinkets are included. 'Tower of Dread' is a step towards making Gods Unchained a premier game, according to game designer Bryn Welch. The expansion also continues the collaboration with Guild of Guardians, aiming for full interoperability within the gaming ecosystem. Gods Unchained is accessible on various platforms and offers optional NFT cards. Narcilla, The Huntress, is the latest character revealed in the expansion, adding to the game's immersive narrative.

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