🚀 LaughPlatform Announces Fair Presale Of LFT Token
#LaughPlatform #LFTToken #CryptoArt #Presale #Blockchain #MemeMovement #CommunityDriven #FairLaunch #Cryptocurrency #ArtisticExpression
According to BlockBeats, on October 11, emerging crypto project LaughPlatform announced that its token LFT will officially begin a fair presale on October 11, 2024, at 8:00 AM UTC. The presale will have a purchase limit of 1 ETH per participant. The project is based on a 100% fair launch and community-driven approach, aiming to integrate the meme movement through artistic expression, bringing joy and new experiences to the community.
The total supply of LFT tokens is set at 1 billion. LaughPlatform aims to create works of crypto art that can make participants smile, leveraging the power of art to engage and entertain its community.#LaughPlatform #LFTToken #CryptoArt #Presale #Blockchain #MemeMovement #CommunityDriven #FairLaunch #Cryptocurrency #ArtisticExpression
🚀 BAYC #7940 Sold For 588 ETH On X2Y2 Platform
#BAYC #BoredApeYachtClub #NFT #Ethereum #X2Y2 #GoldenApe #CryptoArt #DigitalCollectibles #ETH #NFTMarketplace
According to BlockBeats, approximately one hour ago, Bored Ape Yacht Club (BAYC) #7940 was sold for 588 ETH on the X2Y2 platform. The transaction, valued at approximately $1,433,582.38, involved a seller with the address starting with OxBcd8. BAYC #7940 is noted for being one of the more unique and aesthetically pleasing golden apes in the entire Bored Ape series.#BAYC #BoredApeYachtClub #NFT #Ethereum #X2Y2 #GoldenApe #CryptoArt #DigitalCollectibles #ETH #NFTMarketplace
🚀 Elvis Presley Digital Art Collection Launched on Bitcoin Network
#ElvisPresley #DigitalArt #Bitcoin #NFT #Ordinals #Royalty #ElvisLegacyCouncil #Blockchain #GenerativeArt #CryptoArt #BTC #ETH
According to CoinDesk, a digital art collection featuring Elvis Presley has been inscribed on the Bitcoin network. The collection, named 'Elvis Side $Btc,' consists of 1,935 generative images and was minted by the Bitcoin-focused intellectual property project Royalty in collaboration with inscription service OrdinalsBot. The artwork is inspired by Joe Petruccio, an artist licensed by the Elvis Presley Estate.
The Ordinals protocol, which allows data to be inscribed onto individual satoshis (the smallest unit of Bitcoin), has enabled these images to attain unique value, similar to non-fungible tokens (NFTs) on the Ethereum network. OrdinalsBot, a prominent platform for minting these inscriptions, claims responsibility for 80% of the 10 largest files inscribed on the Bitcoin network, including the largest ever block, which cost 3.5 BTC ($235,000).
Royalty plans to use revenue from the collection to establish the 'Elvis Legacy Council' DAO. A litepaper will be published in the coming weeks, outlining how 5% of primary and secondary sales revenue will fund this decentralized autonomous organization, which aims to govern the future of Elvis' digital legacy through a native token.#ElvisPresley #DigitalArt #Bitcoin #NFT #Ordinals #Royalty #ElvisLegacyCouncil #Blockchain #GenerativeArt #CryptoArt #BTC #ETH
🚀 Beeple Mentions AI Meme Coin GOAT And Truth Terminal
#Beeple #AIMemeCoin #GOAT #TruthTerminal #DigitalArt #AI #Cryptoart
According to Foresight News, digital artist Beeple recently tweeted about the popular AI meme coin GOAT and its associated AI bot, Truth Terminal. The tweet included an image depicting a humanoid AI mining for gold behind a server.#Beeple #AIMemeCoin #GOAT #TruthTerminal #DigitalArt #AI #Cryptoart
🚀 Beeple Discusses Current State Of NFT Market
#Beeple #NFT #cryptoart #speculation #enthusiasts #technology #EverydaysTheFirst5000Days #art
According to Foresight News, in a recent interview with Decrypt, crypto artist Beeple (Mike Winkelmann) shared his views on the current state of the NFT market. Beeple noted that the speculative investors have largely exited the space, leaving behind a core group of enthusiasts who truly understand the technology. Reflecting on the past, Beeple remarked, 'Looking back at that time, it was crazy because NFTs were hated for much longer than they were loved. We lost a lot of users, but those people were never in it for the art, I could tell right away. Speculators have moved on, but people are still passionate about this stuff.'
According to Foresight News, Beeple's NFT artwork 'Everydays: The First 5,000 Days' was sold for $69.3 million in 2021.#Beeple #NFT #cryptoart #speculation #enthusiasts #technology #EverydaysTheFirst5000Days #art
🚀 NFT Market Faces Challenges In 2024 Amid Overcrowding
#NFT #NFTMarket #NFTs #Blockchain #Crypto #DigitalArt #OpenSea #CryptoArt #Web3 #NFTChallenges #NFTDrops #2024NFT
According to Odaily, a recent report by NFTevening and Storible titled '2024 NFT Drops Status' reveals significant challenges in the NFT market this year. The report, which analyzed over 29,000 NFT collections released throughout the year, compiled data from OpenSea and Dune Analytics. It highlights that the market is oversaturated, with an average of 3,635 NFT collections being created each month in 2024. Notably, 98% of these NFT drops have not been profitable, with no recorded trading activity since September, leading to their classification as failures. Additionally, 98% of NFT prices have dropped by at least 50% within the first three days of their launch.
Furthermore, the report indicates that 84% of NFTs have their all-time high prices equivalent to their mint prices, suggesting they have not gained any additional value. NFTevening's analysis shows that only 0.2% of all NFT collections have been profitable for investors. Even among NFTs that are actively traded or considered 'active,' only 11.9% have proven to be profitable. Data from Dune Analytics reveals a 76.32% decline in OpenSea's daily trading volume compared to earlier this year. Additionally, the minting volume has been affected, with 64% of NFTs being minted fewer than 10 times.#NFT #NFTMarket #NFTs #Blockchain #Crypto #DigitalArt #OpenSea #CryptoArt #Web3 #NFTChallenges #NFTDrops #2024NFT
🚀 Nansen CEO Acquires Pudgy Penguin NFT Deemed Undervalued by AI Model
#Nansen #PudgyPenguin #NFT #AI #DigitalAssets #Investment #CryptoArt #AssetEvaluation
According to Odaily, Alex Svanevik, the CEO of Nansen, recently announced on the X platform that he has purchased a Pudgy Penguin NFT. This acquisition was influenced by Nansen's AI model, which identified the NFT as one of the most undervalued 'penguins' in the market.
Svanevik's decision to invest in the Pudgy Penguin NFT highlights the growing reliance on AI technology in evaluating digital assets. Nansen's AI model plays a crucial role in analyzing and determining the value of NFTs, providing insights that can guide investors in making informed decisions. The purchase underscores the potential of AI-driven assessments in the rapidly evolving NFT landscape, where market dynamics can be unpredictable and complex.
The Pudgy Penguin collection has gained significant attention in the NFT community, known for its unique and appealing digital art. Svanevik's investment may signal a broader trend of utilizing AI tools to identify promising opportunities within the NFT space. As the market continues to expand, the integration of AI in asset evaluation could become increasingly essential for investors seeking to capitalize on undervalued digital collectibles.#Nansen #PudgyPenguin #NFT #AI #DigitalAssets #Investment #CryptoArt #AssetEvaluation
🚀 MakersPlace Ceases Operations Amid Market Challenges
#MakersPlace #DigitalArt #NFT #MarketChallenges #ArtCommunity #Beeple #CryptoArt #Ethereum #ArtCollectors #Artists
According to PANews, digital art platform MakersPlace has announced its closure after six years of operation due to ongoing market challenges and difficulties in securing funding. Effective immediately, the platform will disable minting, token imports, and new account creation, although art purchases will continue temporarily. Artists and collectors are advised to transfer their works from MakersPlace's custodial wallets to personal wallets by June 2025, with necessary tools becoming available in February.
MakersPlace has committed to refunding unused funds to investors and providing fair severance packages to its employees. All Ethereum NFTs on the platform will remain accessible through secondary markets.
Digital artist Beeple expressed regret over the closure, acknowledging the platform's significant impact on the digital art space and his career.#MakersPlace #DigitalArt #NFT #MarketChallenges #ArtCommunity #Beeple #CryptoArt #Ethereum #ArtCollectors #Artists
🚀 NFT Market Sees Significant Growth Amid Decline In Buyer Numbers
#NFT #CryptoArt #Ethereum #Bitcoin #Solana #Polygon #MythosChain #CryptoPunks #SuperRare #DigitalAssets #ETH #BTC #SOL
According to PANews, NFT trading volume has surged to $121.5 million this week, marking a 15.27% increase from the previous week. Despite this growth, the number of NFT buyers plummeted by 94.39% to 25,641, while sellers decreased by 91.84% to 25,717. The number of transactions rose by 5.21%, reaching 1,615,020.
On the Ethereum network, trading volume increased by 50.76% to $37.6 million, although the number of buyers fell by 69.09% to 15,471. Bitcoin network trading volume decreased by 17.21% to $21 million. Solana network trading volume reached $18 million, growing by 51.24% and securing the third position. Mythos Chain network trading volume was $15.2 million, up by 2.84%, ranking fourth, while Polygon network trading volume was $13.5 million, down by 7.98%.
Notable high-value transactions this week included:
- CryptoPunks #4464: $2,196,232 (1011 ETH)
- Uncategorized Ordinals #7d0: $1,321,676 (14 BTC)
- CryptoPunks #8868: $646,201 (288.88 ETH)
- CryptoPunks #364: $342,136 (160 ETH)
- SuperRare #38335: $219,441 (100 ETH)#NFT #CryptoArt #Ethereum #Bitcoin #Solana #Polygon #MythosChain #CryptoPunks #SuperRare #DigitalAssets #ETH #BTC #SOL
🚀 Ethereum Community Plans Blockchain Time Capsule for Anniversary
#Ethereum #Blockchain #TimeCapsule #Anniversary #EthCC #ProtocolGuild #ShutterNetwork #SmartContracts #Memories #Donations #CryptoArt
According to BlockBeats, the Ethereum community is set to launch an on-chain 'time capsule' to commemorate the tenth anniversary of the network's genesis block. Supported by EthCC, Protocol Guild, and Shutter Network, the initiative allows users to encrypt and store personal memories on the blockchain for a fee equivalent to $2.5 in ETH.
The project will be unveiled on the tenth anniversary of the Ethereum genesis block, dated July 30. Users are invited to lock art, memories, messages, and predictions in encrypted smart contracts until the eleventh anniversary next year. All proceeds from the project will be donated to the Protocol Guild to support core research. EthCC founder Jérôme de Tychey emphasized that celebrating history helps nurture Ethereum's culture and values. Protocol Guild contributor 'Cheeky Gorilla' described the time capsule as an opportunity to reflect on progress and prepare for the next decade.#Ethereum #Blockchain #TimeCapsule #Anniversary #EthCC #ProtocolGuild #ShutterNetwork #SmartContracts #Memories #Donations #CryptoArt
🚀 NFT Market Faces Continued Downturn Despite Art Showcases
#NFT #NFTMarket #DigitalArt #BoredApe #ArtBasel #CryptoArt #ETH #NFTDecline #ArtMarket #BlockchainArt
The NFT market remains sluggish, showing no signs of recovery despite the presence of several digital art projects at the Hong Kong Art Basel exhibition. According to Odaily, the Bored Ape #5278 from the 'Bored Ape' series is currently listed at just 7 ETH, marking a decline of over 100 ETH from its last sale price. This significant drop in valuation highlights the broader retreat in the value of leading NFT assets. Once considered a rapidly emerging asset class, the NFT art market has cooled considerably, with both liquidity and pricing under ongoing pressure.#NFT #NFTMarket #DigitalArt #BoredApe #ArtBasel #CryptoArt #ETH #NFTDecline #ArtMarket #BlockchainArt