NFT Market Sees Surging Activity
Date: 2023-12-08 Author: Dima Zakharov Categories: BLOCKCHAIN, BUSINESS
Crypto com Research analysts have published their latest report on the NFT market, revealing a remarkable spike in trader activity over the past week. Notably, prices for collectibles such as Pudgy Penguins and Kanpai Pandas have seen substantial growth.
Researchers emphasized that the minimum price for Pudgy Penguins has surged from 7 ETH to nearly 11 ETH. Similarly, Kanpai Pandas saw an impressive 127% increase to 1.92 ETH. Other well-known collections, including World of Women, Milady, and Cool Cats, have also experienced price hikes.
The headline news is Decentraland's introduction of a cross-network update to its trading platform, making NFT purchases more accessible. A partnership agreement with Squid, a cross-chain liquidity layer based on Axelar, was signed. Customers can now acquire NFTs listed on the Decentraland platform using the Polygon and Ethereum networks.
Funko, the toy company, announced the launch of digital collectibles featuring Disney's "Mickey and Friends." The collection will be exclusively available on Droppp.io starting December 12, 2023. The virtual cards are dedicated to the popular game Pop!. Figures come in both standard and premium packaging, and owners will have the option to exchange virtual items for physical versions.
Casio plans to release the G-SHOCK NFT collection on December 15, 2023, consisting of 2,000 NFT items in two different styles: VGA-001 and VGA-002. These tokens are aimed at attracting Generation Z enthusiasts. Finally, the Merit Circle DAO group announced that its trading platform and Sphere NFT technology stack will be compatible with the upcoming zkEVM network by Immutable, based on Polygon.
