Lưu trữ cho từ khóa: #NFT

Museums, AI-generated art, blockchain, and NFTs | Opinion

Refik Anadol Studio, co-founded by Refik Anadol and Efsun Erkiliç in 2025, is launching an immersive AI art & NFT museum called DATALAND at The Grand LA, with a flagship location at the Frank Gehry-designed development in the heart of downtown Los Angeles. 

DATALAND will feature immersive AI art experiences by establishing a new model for artistic expression at the onset of the digital age by taking immersion to the next level with the AI-powered scent of the galleries. As AI artist Refik Anadol explained to me: 

We aren’t yet revealing the details about DATALAND’s artistic programming, but there will be many moments for sharing/exhibiting AI artists’ work both physically and virtually so people who cannot travel to LA have access to the AI art creations. And can purchase the AI art work NFTs minted on an Ethereum-based platform and many other sustainable chains for exciting art and culture activities.”

Refik Anadol Studio announced the launch of DATALAND during Climate Week NYC, which is celebrated NYS-wide for the first time and runs parallel to the United Nations General Assembly meeting, where world leaders gather to address critical global challenges. DATALAND’s inaugural exhibitions will be prepared with the Large Nature Model, an open-source AI model based solely on nature data, to produce unprecedented immersive AI-powered digital environmental artwork. The studio initially presented such installations at the 2024 World Economic Forum in Davos, Switzerland, and then at the United Nations in New York during the 2024 UNGA to promote environmental awareness. As UN Under-Secretary-General Melissa Fleming concurred:

Refik Anadol’s artwork is a testament to the beauty and fragility of our natural world. It’s a clarion call to world leaders: we must harness the power of technology [AI art & NFTs] and human ingenuity and agency to incite action to protect our planet before it’s too late.”

The award-winning studio has been engaged by leading tech companies, groundbreaking researchers, and cutting-edge thought leaders to produce projects that have been shown in more than 70 cities spanning six continents and experienced by millions of ardent fans. These exhibition venues include several United Nations Climate Change Conferences, MoMA, Centre Pompidou-Metz, Serpentine Galleries, National Gallery of Victoria, Venice Architecture Biennale, Hammer Museum, Arken Museum, Casa Batlló, Dongdaemun Design Plaza, Daejeon Museum of Art, and Istanbul Modern Museum. Nevertheless, Refik Anadol Studio, as explained by Refik, chose “Los Angeles as the perfect city to launch DATALAND, a forward-thinking, revolutionary museum in support of the fields to which I have dedicated my career: art, science, technology, and AI research.” And he continued:

As LA has long been a city that looks to the future in art, music, cinema, architecture, and more, it feels natural to open DATALAND here. To have a permanent space for us to develop a new paradigm of what a museum can be—by fusing human imagination with machine intelligence and the most advanced technologies available—is a realization of one of my biggest dreams. To do so in a building designed by one of my heroes, Frank Gehry, is almost unbelievable.”

DATALAND will use millions of photos and other records from partner museums, including the Smithsonian and London’s Natural History Museum, to create its installations. “We already have three major collaborations with museums in the works and are very confident to join forces across the world,” added Refik.

History of AI art, NFTs, and museums

Christiane Paul, the digital art curator of Whitney Museum, who is “looking forward to learning more about DATALAND,” detailed the AI Art History at the groundbreaking symposium at Rhode Island School of Design’s “Debates in AI” held during April 11-12, 2024, that invited artists worldwide. She explained that  AI art has a fascinating history that intertwines technology and creativity, and it continues to evolve, pushing the boundaries of what is possible at the intersection of technology and creativity.

Christiane Paul, curator of Digital Art at Whitney Museum, debates in AI art history

Early beginnings: 1950s-1970s. The roots of AI art can be traced back to early experiments with computer-generated art, where artists and computer scientists collaborated to create visual and abstract compositions using early computer algorithms. One notable example from this era is captured by the Whitney Museum’s exhibition curated by Christiane Paul with David Lisbon tracing the evolution of Harold Cohen’s AARON, the earliest artificial intelligence program designed to create drawings and paintings. AARON was first exhibited in 1972 at the Los Angeles County Museum of Art.

Advancements in algorithms: 1980s-2000s. During this period, algorithms and computing power advancements allowed for more complex and varied artistic outputs, and AI art began to gain recognition in academic and artistic circles.

The city of Los Angeles, which will become home to DATALAND,  served as grounds for the Gray Area Foundation, a cultural incubator with a mission to cultivate, sustain, and apply antidisciplinary collaboration, back in 2002 to integrate art, technology, science, AI, and the humanities—towards a more equitable and regenerative future. This foundation moved its headquarters to San Francisco in 2005.

Deep learning revolution: 2010s. The advent of deep learning brought significant changes with generative adversarial networks and other machine learning techniques that enabled the creation of highly sophisticated and realistic artworks. AI art started to be exhibited in NFT form in galleries and museums and auctioned in prominent auction houses, raising questions about creativity and authorship.

In 2014, digital artist Kevin McCoy issued the first-ever art NFT. 

Four years later, in 2018, Christie’s art auction house became the first auction house ever to offer AI artwork for sale.  Christie’s also hosted its first Art + Tech Summit on the topic of blockchain. In June 2019, the second edition focused on artificial intelligence and art. Since then, blockchain, NFTs, and AI have been hot topics in the art world, intersecting unexpectedly.  At the helm of digital curator Christiane Paul, Whitney Museum became an early collector of NFTs starting in 2018.

Mainstream adoption: 2020s. The increased availability of AI art tools to the general public has democratized the creation of AI-generated images. This era has also seen debates about NFTs, its market bubble and crash, copyright, the impact on traditional artists, and the ethical implications of AI in art.

In Germany, the Intelligent Museum—a practice-based research and development project at the ZKM | Center for Art and Media Karlsruhe and the German Museum—was backed by the Digital Culture Programme of the German Federal Cultural Foundation in 2020. It explores new paths of museum communication and outreach to connect the museum with current AI technologies, making it a place of experience and experimentation, a social space where art, science, technology, and public discourse come together. One of the best-selling AI-generated NFT artists exhibited at ZKM is a program called Botto, which is the brainchild of computer engineers and a German artist named Mario Klingemann in 2021 that creates  AI art NFTs. Today, Botto has created over 75 NFTs that generated more than $3 million in revenue.

In New York City, the Museum of Modern Art—ahead of holding its first-ever AI Art Show curated by Michelle Kuo, “Unsupervised by Refik Anadol—became the beneficiary of a major new endowment established by the William S. Paley Foundation to support MoMA’s ambitious goals in digital media and technology and to provide for new AI Art/NFT acquisitions. Henry Kissinger, Chairman of the William S. Paley Foundation at the time, stated:

I know how deeply my friend Bill Paley cared about The Museum of Modern Art and with what devotion he dedicated himself to its advancement. With this initiative, the Foundation will honor his intention and continue his vision for MoMA.

Nevertheless, MoMA has adopted a cautious approach to NFTs so far. Other than contributing data to algorithmically generated works by artist Refik Anadol and, in October 2023, announcing that it had acquired “Unsupervised” for its permanent collection, the museum has not been involved with other AI art or NFT projects.

In Singapore, curated by ArtScience Museum’s Deborah Lim and guest curator Clara Che Wei Peh, “Notes From the Ether” last year was an exciting and timely exhibition that offered a glimpse into the future of digital art with work by 20 artists: Memo Akten, Burak Arikan, Botto, Mitchell F Chan, DEAFBEEF Simon Denny, Harm van den Dorpel, Sarah Friend, Rimbawan Gerilya, Holly Herndon and Mathew Dryhurst, Tyler Hobbs and Dandelion Wistjo+kapi, Larva Labs, Jonas Lund, Ninaad Kothawade, Sarah Meyohas, Rhea Myers, Aaron Penne, Aluan Wang, Emily Xie. These artists work with the emerging technologies of non-fungible tokens and generative artificial intelligence to push the boundaries of what art is and what it could be.

The future of museums AI art and NFTs

Undoubtedly, over the past 40 years, the usage of AI-generated art has been on the rise, becoming all the more popular during the last ten years with the tokenization of art via NFTs, according to the Academy of Animated Art. As Vilas Dhar, President of the Patrick J. McGovern Foundation, explained:

AI is not just a tool for innovation—it’s a force that can reshape how we see our planet, reconnecting us with the beauty and fragility of nature in ways never before possible. Refik Anadol’s brilliant vision allows us to use technology [AI Art & NFTs] to engage the senses and spark a deeper emotional connection to our natural world.”

During this year, many museums and more than 100 “immersive” institutions around the world are showcasing/purchasing AI art and NFTs on a large scale to massive audiences to exhibit the marriage of human imagination and machine intelligence, which includes Seattle NFT Museum, Guggenheim Museum, Mercer Labs, Museum of Art & Light, Buffalo AKG Art Museum, Centre Pompidou, Tate Modern,  PST Art: Art & Science Collide, which held at over 60 shows across Southern California, and many others.

Magda Shawon, co-founder of Postmasters Gallery in New York City, who works with the first NFT Artist Kevin McCoy, has been selling digital, AI-generated art to museums such as MoMA, the Metropolitan Museum of Art, and The Whitney Museum of American Art for over 20 years.  She agrees with Vilas and Melissa’s sentiments about Refik’s impactful AI artwork: 

People don’t want to stop watching  Refik Anadol’s AI Work when they sit in front of it. Refik’s work has an impact, but whether it is a trigger to create an enormous field of AI generative art, NFT sales is a big question.

Digital art has been collected for as long as it has existed, but widespread adoption is still nascent. The tokenization of art via NFTs has helped the digital art world and the traditional art world integrate, leading to a burgeoning interest from museums, immersive institutions, collectors, auction houses, NFT markets, and galleries. The first NFT artist, Kevin McCoy, who created an art NFT back in 2014, is hopeful and supports Refik’s museum, AI art, and NFT initiative. He highlighted: 

I’m heartened by Anadol’s announcement of Dataland. He is leading by example both with his ‘ethical AI’ initiative and the commitment to the exhibition and preservation of AI and digital art that the museum represents. Within this context, the provenance provided by NFTs and blockchain-based records, more generally, can play a central role. This will be an important next step in the expanding use of this technology.”

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Beeple’s first solo exhibition will premiere at China’s Deji Museum

Renowned digital artist, Beeple, announced that his first solo museum show will be held at the Deji Museum in Nanjing, China in November 2024.

On his X account, renowned artist Michael Joseph Winkelmann posted a video from Deji Museum revealing his debut solo exhibition that will take place at the Deji Art Museum in Nanjing on Nov. 14, 2024.

The title of his exhibition is Beeple: Tales From A Synthetic Future, which will feature prominent digital art pieces throughout Beeple’s career.

The museum claims on its social media account that the event is set to be Beeple’s largest solo exhibition to date and will feature some of his most iconic works, including Everydays, Human One, S.2122 and pieces created exclusively for the Nanjing exhibition.

“I am pleased to announce my first-ever solo museum show opening at the Deji Museum in Nanjing, China next month,” said the artist professionally known as Beeple.

On Oct. 1 Beeple released his latest artwork, The Tree of Knowledge, which uses a kinetic sculpture series that was first introduced in his piece Human One. The artwork features the image of a digital tree overlapped by news footage from various media outlets.

“By turning the dial between signal and noise viewers see the difference between a serene future where technology and nature coexist and a chaotic present filled with real time data, media and information overload,” he said in the post.

The Tree of Knowledge was first unveiled at the Italian Tech Week where it was announced that the piece has been acquired by Lingotto with the funds going to Beeple Studios’s non-profits, which are Art into Acres and Big Green.

Over the years, Beeple has grown to become an acclaimed artist in the non-fungible token space. He is most famously known for being the first artist to have a digital piece sold via Christie’s famous auction house.

His artwork “FTX Board Meeting, Day #5676 11.13.2022 (2023)”, inspired by the Sam Bankman-Fried rumored sexual escapades with the FTX staff, became permanent addition to The Castello di Rivoli Museo d’Artte Contemporanea art museum in Italy.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Lamborghini, Animoca Brands unveil blockchain-based supercars for web3 game

Lamborghini unveiled the Fast ForWorld platform, developed in partnership with Animoca Brands, featuring interoperable digital supercars for web3 gaming.

Italian sports car manufacturer Lamborghini, alongside NFT investor Animoca Brands is launching a web3 venture featuring interoperable digital supercars for gaming, marking Lamborghini’s first blockchain-based initiative.

In an Oct. 2 blog announcement, Animoca said the so-called Fast ForWorld platform will allow users to “experiment, play, interact, and collect digital collectibles while being rewarded for their engagement.” Set to launch on Nov. 7, Fast ForWorld will introduce digital car collectibles that can be bought, sold, and used in other games, which are part of Animoca’s Motorverse.

“These super sports cars will be introduced as interoperable digital assets, accessible across multiple gaming platforms from launch, including Torque Drift 2, REVV Racing, the Motorverse Hub, and Fast ForWorld’s proprietary experience.”

Animoca Brands

The platform, developed by Gravitaslabs, an Animoca Brands subsidiary, will also feature a 3D wallet for users to store and interact with their digital items.

Lamborghini dives deeper into web3 realm

The latest collaboration continues Lamborghini’s exploration of blockchain-based projects. In 2022, the luxury carmaker partnered with NFT PRO and INVNT to release a series of non-fungible tokens showcasing its iconic vehicles. The “Road Trip NFT” project, which ran until March 2023, featured monthly NFT collections tied to different locations, each available for a limited time.

At that time, Christian Mastro, Lamborghini’s marketing director, described NFTs as a “new exclusive, unconventional proposal” and a “new form of expression for new generations.” Additionally, Lamborghini made headlines when RM Sotheby’s auctioned the last Lamborghini Aventador LP 780-4 Ultimae Coupé, paired with a one-of-one NFT, marking a crossover between physical luxury and the world of tokenized assets.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Web3 gaming mainstream adoption will happen gradually, then suddenly | Opinion

The iGaming industry is witnessing impressive growth, with global market projections reaching $127 billion by 2027. A driving force behind this trend is web3 gaming, which offers enhanced gaming experiences through features like in-game asset ownership, community-driven development, and increased transparency. 

Unlike mobile gaming, which can be costly and require multiple in-app purchases to unlock a viable gaming experience, web3 enables users to monetize their spending and gain a sense of ownership of the game. Yet, web3 gaming is still in its infancy and has some headwinds to overcome before capturing the imagination of the mainstream.

The rising popularity of web3 gaming

Between February 2023 and 2024, the web3 gaming sector received a total of over $162 million distributed across early and mid-stage funding. Richer gaming experiences paired with new revenue streams for developers through token sales, NFT trading, and in-game assets create a more sustainable and diversified business model in a decentralized and transparent environment. Web3 gaming provides innovative and creative opportunities for developers to experiment with new ideas, such as DeFi integration and VR and AR experiences—and global gaming studios are taking note. 

According to a recent report by CoinGecko, 29 out of 40 of the world’s largest video game companies are investing in web3 gaming, including Microsoft, Tencent, Sony, and Nintendo. It includes investing directly in web3 gaming projects, actively engaging in blockchain game development, and hiring for blockchain-related roles.  Epic Games, an eSports pioneer, is also riding the web3 gaming wave with plans to introduce at least 20 NFT games to the Epic Games Store in 2024 alone.

Meeting gamers where they’re at—Telegram 

While opportunities in web3 gaming abound, it remains a niche segment. Gaming studios and developers need to employ creative tactics to capitalize on existing user bases and appeal to them on a deeper level. Telegram-based games are a prime example of this, with the rapidly growing ecosystem of token-backed mini-apps leveraging the vast social network’s over 900 million users and appealing to them with innovative gameplay, token rewards, and digital asset airdrops. Within weeks of launching during an airdrop for Notcoin (NOT) players in May of this year, the NOT token reached a market capitalization of over $2 billion. 

Understanding the importance of meeting gamers where they are to draw in a broader audience, Notcoin has since partnered with us at Helika to establish an incubator for the next generation of Telegram games. The Telegram Gaming Accelerator will aid the developers of Telegram-based mini-apps to better understand their users, cultivate exciting experiences, and entice newcomers with value-driven incentives. As more and more traditional gamers catch on to the possibilities of web3 gaming, mainstream adoption will happen gradually, then suddenly. 

Scaling web3 gaming for the mass market

Despite the undeniable groundswell, web3 gaming must overcome additional challenges to scale for mass market adoption. For non-crypto-users, the barriers to entry remain prohibitively high with complexities such as integrating web3 wallets and learning about self-custody best practices beyond the reach of the average gamer. Many web3 games struggle to gain traction due to high fees and high latency from the underlying blockchain architecture, and game developers suffer from a lack of quality analytics to gain visibility into their on-chain game economies. 

As blockchain-based gaming races to overcome these hurdles, abstract the complexities of interacting with the blockchain away, and scale the tech to overcome lagging, reliable data partners are essential. Web3 game developers need to understand which elements of their games are working (and which aren’t) to cultivate a user experience that feels as smooth and compelling as the one they are used to—with all the added benefits of web3. This remains pivotal to onboarding the masses.

As users seek more immersive gaming experiences, web3 gaming holds the key, and global gaming studios are throwing their hats into the ring. With almost one billion users globally, initiatives like the Telegram Gaming Accelerator mark a giant step toward triggering mass adoption and igniting the game theory that will onboard the next billion to the ubiquitous web.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Magic Eden Wallet to simulate ME airdrop in October

After teasing the launch of the Magic Eden token ME in August, the Magic Eden Foundation has provided the latest update on when the airdrop will happen.

The Magic Eden Foundation has not released a launch date for the ME token. However, in its update on Sept. 30, it noted that a claim simulation will take place in October.

The token claim will be available via the Magic Eden Wallet.

ME token simulation in October

Anticipation for ME, as with other major recent platform token airdrops, is massive. To prepare the community, Magic Eden plans to simulate the token claim through its native wallet. According to the post on X, the project will launch a test token in the wallet to show the process of claiming ME tokens.

Magic Eden Wallet’s mobile version will allow users to connect all their wallets, including desktop, mobile, and hardware, and view their total ME claim from one interface.

ME tokenomics to follow

The token set for the simulation will be just a “simple test token.” Magic Eden has warned users not to get overly excited about it, as the token will not have any utility or value.

However, once the test exercise is completed, the ME Foundation will unveil the project’s tokenomics. It also plans to reveal the token generation event for ME after the simulation event. This TGE could catalyze further growth for Magic Eden.

In August, Magic Eden announced that the new ME token will be central to the non-fungible token marketplace’s decentralized autonomous organization. In addition to participating in DAO governance, holders will have other benefits, such as access to cross-chain trading in the web3 ecosystem.

Data for August 2024 showed that Magic Eden strengthened its grip on the NFT marketplace as its market share hit 37%.

In comparison, Blur’s market size fell to about 25%. Meanwhile, OpenSea, which recently received a SEC Wells Notice, saw its overall dominance shrink to 20%.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Indonesia launches first NFT postage stamp

The Indonesian National Post Office has launched the country’s first Non Fungible Token postage stamp depicting the bird of paradise, Cenderawasih.

On Sept. 27, Indonesia‘s National Post Office, Pos Indonesia, launched the country’s first NFT postage stamp to commemorate the 79th anniversary of the Indonesian Post in Bandung, Indonesia. The project is done in partnership with the Indonesian Ministry of Communications and Information.

This marks Indonesia’s first time in creating a stamp that utilizes blockchain-based technology for philately enthusiasts around the world to add to their digital collection.

The stamp is valued at approximately $9.90 and features the image of the Cenderawasih bird, also known as the bird of paradise. The species is known for having large multi-colored feathers and are a native to the Papua island of Indonesia.

According to the Indonesia Post official account, the NFT stamps are going to be issued in limited quantity and in the form of a booklet.

Director of Pos Indonesia, Faizal Rochmad Djoemadi, explained that the NFT stamp is meant to be a collector’s item instead of a legitimate stamp used for sending packages or letters. He hopes that the creation of NFT stamps will pique the younger generation’s interest in stamp collecting.

“Hopefully young people who are already native digital can return to collecting stamps but in the form of NFT,” said Faizal to reporters at the launch ceremony.

He added that the stamp will also be issued in a physical form, so that collectors can have a physical copy along with the NFT. The stamp can be bought through the Indonesian Post’s website by scanning a QR code that will take potential buyers to a Google form link where they can order the NFT stamp.

With the launch of this product, Indonesia becomes the third country in the Southeast Asian region to launch NFT stamps. Neighboring countries like Thailand and Malaysia, have already released their own digital postage stamps in the form of NFTs.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

NodeMonkes, Bitcoin Puppets lead as NFT sales rebound

 The volume of non-fungible tokens in the Bitcoin network bounced back last week as the industry stabilized.

Bitcoin NFT sales rose

According to CryptoSlam, sales of Bitcoin (BTC) NFTs jumped by 56% in the last seven days to over $20 million. The number of buyers in the network rose by 48% to 29,403.

NodeMonkes, a relatively new collection, was the best-performing NFT in the ecosystem with over $3.4 million in sales and 302 transactions. Only Immutable X’s Guild of Guardian Heroes collection had more sales during the week.

Bitcoin Puppets had a sales volume of $3.03 million. That’s a 239% increase from the previous week.

Ordinal Maxi Biz, whose sales rose to over $1.89 million, followed. Taproot Witches, meanwhile, sold $1.3 million.

Ethereum, Solana

Ethereum (ETH) remained the most active network for NFT, handling sales worth $28 million. Solana (SOL) had $13 million in sales while BNB Chain had $3.7 million.

September has been another bad month for NFTs as total sales dropped by 48% to $318 million. Ethereum, Bitcoin, and Solana’s sales were $108 million, $63 million, and $61 million, respectively.

Bitcoin bounces back

The weekly NFT sales rose as the prices of most cryptocurrencies bounced back. Bitcoin rose to $66,000 for the first time since July while the total market cap of all coins jumped to $2.3 trillion. 

Most importantly, the closely watched crypto fear and greed index rose to the greed zone of 60 for the first time in two months. Historically, traders move to riskier assets like stocks and cryptocurrencies when there is greed in the market — recently due to the Federal Reserve‘s cutting of interest rates, China’s stimulus, and the ongoing drop in stablecoin holdings among smart money investors. 

As shown below, the volume of stablecoin holdings among these investors has dropped to the lowest point in two years.

Stablecoin holdings by smart money | Source: Nansen

The Nansen chart also shows that these holdings — after surging in 2022 as the FTX and Terra ecosystem collapsed — have been trending down since then. Smart money investors likely reduced their stablecoin holdings and shifted to cryptocurrencies and NFTs.

The key risk investors face with NFTs is that the industry has become highly saturated, with thousands of new collections. A recent report reveals that 96% of more than 5,000 existing NFT collections are “dead.”

In other words, they have zero trading volume, no sales for more than seven days, and no activity on social networks.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Karrat token rallies but dilution and concentration risks remain

Karrat, a small-cap gaming token, rose for two consecutive days, reaching its highest point since Aug. 24.

Karrat (KARRAT) has risen by over 65% from its lowest level this year, bringing its market cap to over $48 million. However, it remains about 68% below its all-time high.

This rebound occurred as some of the most popular gaming tokens jumped. Immutable X (IMX) has risen by over 44% in the last seven days while Beam (BEAM) soared by 15.7% in the same period. Similarly, Gala Games (GALA), The Sandbox, Ronin, and ApeCoin have all jumped by over 15%.

Karrat also rallied after My Pet Hooligan, a popular non-fungible token platform, launched the Hooligans and Zuckbot NFTs on its platform. Data from CryptoSlam shows that My Pet Hooligan’s NFT sales totaled $174,393 in the last 30 days. Their 24-hour sales increased by 88% to $9,575.

Karrat’s recovery also happened as the crypto fear and greed index moved from the fear zone of 34 last week to a neutral point of 51 after the Federal Reserve cut interest rates by 0.50%. That rate cut pushed more coins upward, with Bitcoin soaring to $64,800, its highest point in over a month.

Karrat, a gaming and NFT-focused blockchain, made headlines in June when it announced a partnership with Palantir, the Peter Thiel-backed technology company. As part of this partnership, AMGI Studios, a key contributor to Karrat’s network, will use Palantir’s architecture in its products. This announcement followed a partnership with Nvidia in the previous month.

As with Jupiter, a key concern about Karrat is the concentration among big holders. Data from CoinCarp shows that the top ten holders account for 92% of all coins. The number of total wallet addresses rose to 5,572 on Sept. 23, its highest point since Sept. 12.

Another risk is the significant increase in token dilution expected in the next few years. Karrat has a maximum supply of 1 billion tokens, with 116 million currently in circulation. The next coin unlock will occur on Oct. 19, followed by a combined 25 million in the final two months of the year.

Karrat’s token unlocks will end in October 2028, meaning holders should prepare for substantial dilutions. A token unlock dilutes existing holders by increasing the number of coins in circulation.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Weekly NFT sales plunge to $73.7m, Solana network sales surge

The non-fungible token market has experienced a 4.2% drop in sales volume in the last seven days.

This drop comes after a decent surge of 7.68% as reported in our last weekly NFT sales column. The latest data from Cryptoslam shows that NFT sales volume in the last seven days stood at $73.75 million.

The numbers are down by 4.2% considering the $109 million sales volume in the week prior.

Even though the NFT sales volume came down to the double digits, there has been a 132% surge in NFT buyers. Cryptoslam data shows that NFT buyers stood at 521,640 while NFT sellers were 270,413.

Interestingly, NFT transactions dropped over 26% in the last seven days to 1,217,967. Let us have a detailed look at the blockchains that ruled during this period.

Ethereum and Solana top the list

Source: Blockchains by NFT Sales Volume (CryptoSlam)

As per the data, Ethereum (ETH) has maintained the first ranking with $23.9 million in NFT sales. However, the network saw over 9.6% drop in the sales as opposed to the prior week. Interestingly, 12.24% of the sales came from wash trading.

Solana (SOL) took over the second position with $16 million in sales. Bitcoin (BTC), Polygon (POL) and Binance Coin (BNB) took the next three spots with $13 million, $7.5 million and $3.3 million in sales, respectively.

Wash trading was recorded the least for the BNB network, while Solana and Bitcoin recorded 6.41% and 4.54%, respectively.

Cryptoslam data highlights that NFT sales volume surged on the Solana network by 17.89% as well as on Polygon at 51.3%.

Guild of Guardians Heroes stands as the top collection

Guild of Guardians on the Immutable-Zk chain took home the first ranking for the highest sales volume. The NFT collection recorded $2.86 million in sales volume across 5786 transactions.

Trailing just behind, the DogeZuki Collection on Solana bagged second place with $2.4 million in sales with 61,447 transactions. DogeZuki has held its position strong just like the previous week.

NFT Collection Rankings by Sales Volume (CryptoSlam)

Third on the list with $2.368 million in sales is Sorare on the Ethereum blockchain. The NFT collection enjoyed a total of 108,690 transactions.

CryptoPunks, on the other hand, recorded 25 transactions with a sales volume of $2.2 million, ranking fourth. DMarket on Mythos blockchain is fifth on the list with $2.1 million in sales and 80,713 transactions.

Top NFT collectible sales

These are some of the top NFT collectible sales that happened despite the volatile crypto market conditions.

  • CryptoPunks #1219 sold for $308,316.94 (130 ETH).
  • Autoglyphs #337 sold for $223,153.25 (87.6692 WETH).
  • Autoglyphs #337 sold for $171,000.00 (171000 USDC).
  • Known Origin #22001 sold for $140,695.52 (55 WETH).
  • Autoglyphs #281 sold for $129,684.88 (51 WETH).

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News