China News by Thebittimes.Com

Ethereum, a decentralized blockchain network renowned for powering the majority of blue-chip non-fungible token collections, is once again the star of the NFT market. Ethereum began shining in the NFT market earlier this week after most blue-chip NFTs spearheaded by the famous Bored Ape Yacht Club retested a short-market bull run. Bored Ape Yacht Club pic.twitter.com/1vTWEi91Ue — GordonGoner.eth (Wylie Aronow) 🍌 (@GordonGoner) August 16, 2024 Data compiled by CryptoSlam.io, an on-chain crypto market data analytics firm and a renowned non-fungible token explorer, shows that the Ethereum-based non-fungible token collections have significantly surged this week. In the past 24 hours, the Ethereum-based NFT collection has attracted a trading sales volume of $6.8 million, up 54% from the past day. Bored Ape Leads Again In Daily NFT Sales Volume Bored Ape Yacht Club, a non-fungible token collection from the digital asset incubation studio Yuga Labs that Features ...

Join Our Telegram channel to stay up to date on breaking news coverage The abolition of creator royalties by major NFT collections, marketplaces, and platforms is a developing trend in the NFT industry. This is the direction DeGods and its affiliated collections y00ts and t00bs moved in when they announced they would be removing their creator royalties from secondary transactions across the three collections. This collective is one of the largest NFT collectives on Solana by floor price (275 SOL, or $8,250) and trading volume (1.4 million SOL, or $42 million). The project’s creators updated the DeGods collection at the time of the announcement to indicate that royalties will decrease from 9.99% to 0%. Our next experiment. pic.twitter.com/VmoDfXvcyu — DeGods (@DeGodsNFT) October 9, 2022 Following DeGods’ announcement, Magic Eden, the top Solana NFT marketplace with 77% of the market share by trading volume , declared that it will stop enforcing royalties in...