- January 26, 2024
- Posted by: [email protected]
- Category:
The non-fungible token (NFT) market has witnessed a modest recovery in the last 24 hours, bringing a glimmer of hope to the daily NFT news roundup. According to CryptoSlam, the market is currently worth $32,246,366, up 11%, with buyers and sellers seeing a marginal decrease of about 1% and transactions rising by less than 1%.
Among the top 10 collections in terms of sales volume, notable performers for the day include LIGO BRC-20 NFT (up by +130%) and Dokyo (up by +29%). Ordinals leads in sales volume at $1.49 million, closely followed by CryptoPunks at $1.36 million.
In the competitive realm of NFT sales, Bitcoin and Solana are currently vying for the coveted second place among the top 10 blockchains. Ethereum maintains its stronghold in the first position, with a sales volume of $9.4 million, albeit experiencing a slight decline. Solana held the second spot yesterday, but Bitcoin has now pushed it down with a sales volume increase of over 21%, reaching $7.6 million, compared to Solana’s $7.42 million, up nearly 3% in the last 24 hours.
The winners of the day include Panini, achieving an astounding increase of over 1,500% and entering the top 10, and Ronin, with a remarkable 390% rise. Speaking of Ronin, the EVM blockchain designed for game developers building player-owned economies has announced a substantial upgrade to its official crypto wallet. The update, to be deployed in phases over the next 14 days, promises enhanced security, multi-chain support, an in-app browser, and additional features.
On a different note, Rario, a cricket-focused NFT platform, has decided to close its current platform due to challenges faced over the past six months, including the NFT sector crash and new Web3 regulations. The closure is set for January 29, with wallet cash balances available for withdrawal until March 31. However, Rario plans to unveil a new and improved version in March, featuring new cricket-based games. Existing Rario cards will become obsolete on the new platform, with owners receiving additional perks, and compensation plans for potential losses are being developed in collaboration with stakeholders, with details expected to be announced next week.
