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HomeOpenseaOpenSea dominance fades, Azuki skateboards fetch $2.5M and more

OpenSea dominance fades, Azuki skateboards fetch $2.5M and more

OpenSea’s dominance begins to waver

Non-Fungible Token (NFT) Marketplace OpenSea has seen competitors struggle to gain market share this year, transforming the market from a “monopoly” to an “oligopoly,” says a new report.

binance market pulse release On Oct. 20, he announced that while OpenSea remains the dominant market in terms of user count and volume, Ethereum-based exchanges X2Y2 and Looksrare are gaining market share, pointing out that Ethereum-based exchanges are gaining market share. It states that there has been a slow and steady change in leadership. 2022.

The report also notes that OpenSea faces stiff competition for Solana-based NFTs, with Magic Eden, the most-used native marketplace, “closely second” to multi-chain OpenSea exchanges. .

OpenSea’s market power peaked in May 2022, but has since declined. image: binance

This comes in the midst of a potential sea change across the NFT marketplace.

On October 14th, Solana native NFT marketplace Magic Eden Introduce optional royalties This follows a similar move by Ethereum-based marketplace X2Y2 in August.

“The market has been moving towards option creator royalties for some time,” he said.

Binance’s third quarter report added that Ethereum overall was still dominant at the end of Q3, with 65% of the NFT volume market share, but NFT buyers were looking for profits. , or may be moving the blockchain according to the latest trends.

The data also shows that Solana’s NFT sales volume increased by 13% in Q3, while Ethereum’s sales volume decreased by 16% from the end of Q2.

Record-breaking bid for first wave of ‘Physical Backed Tokens’

The Azuki NFT project has broken the record for the most expensive skateboard ever sold, with a limited edition 24 carat gold plated skateboard with a top bid of 309 ether (ethereum), or $400,000.

A total of 8 skateboards were sold through the new Physical Backed Token (PBT) technology, and the project earned a total of $2.5 million worth of ETH.

The highest bid was the previous record holder, “Skateboard in the Wind,” over $38,000, written by skateboarder Jamie Thomas, which includes singer Bob Dylan’s handwritten lyrics by far. surpassed.

This was the first time the project implemented the Physical Backed Token (PBT) technical standard.

PBT is a token standard created by the project It uses a crypto chip to authenticate ownership of a physical item and generate an NFT in the user’s crypto wallet after scanning it with a mobile phone.

MLB Players Union Seeks NFT License Manager

The union representing all Major League Baseball (MLB) players is looking to expand its members’ presence on Web3. employment Licensing manager to help grow portfolio across NFT, Metaverse, Digital Gaming, Augmented Reality and Virtual Reality technologies.

The MLB Players Association job posting states that “NFTs, metaverses, wearable technology and AR/VR are part of a growing business model,” and the role includes a “crypto project” and a ” We need to build strong relationships.

The MLB Players Association’s primary role is to assist sponsors in associating their brands and products with players. The Association reserves the right to license and use the names, nicknames, likenesses and other indicative information of MLB players.

Warner Bros. Announces NFT Gate Exclusive Film

Entertainment company Warner Bros. will use NFTs to distribute exclusive content and movies. publication On October 20, the company announced that it had partnered with Web3 company Eluvio to launch the NFT-backed WB Movieverse.

A “Movieverse” is essentially a movie owned by Warner Bros. that uses NFTs as authentication for users to access movies online with related exclusive content such as behind-the-scenes videos and images. Available at

Movieverse’s first product is a 4K resolution expansion of that one. Lord of the Ring Includes title and bonus material available through 2nd layer NFT.

Related: Magic Eden Defends Launch of NFT Loyalty Enforcement Tool

The top sell-out tier of 999 NFTs was priced at $100, while the current average listing price is $2,500. according to The price for the lower tier of 10,000 NFT is $30.

Warner Bros. has explored the NFT space before. Recent character license From properties owned by DC Comics to pop culture brand Funko, you’ll find Walmart exclusive NFTs for sale.

Other nifty news:

Metaverse Casino Slotie Attacked multiple stop orders U.S. state-level authorities allege that Slotie is not registered as a broker-dealer, fails to provide proper disclosures as a gambling platform, and considers NFTs to be unregistered securities.

Ethereum-based NFT Marketplace Rarible Upgrade your platform On October 20th, we will add an aggregation tool that will allow users to browse and purchase Ethereum NFTs from other marketplaces such as Rarible, OpenSea, LooksRare, X2Y2 and Sudoswap.