15/11/2024 OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter

NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.

OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter

NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.

In this week’s newsletter, whales have driven a comeback fornon-fungible tokens (NFTs)in the BNB Chain ecosystem, Lamborghini opened minting for its Revuelto NFTs, Infinex plans to integrate with OpenSea and Blur to list the top 500 crypto assets, and in other news, find out why OpenSea users dropped their lawsuit against the NFT marketplace.

Nike NFT: the company RTFKT will cease its activity in January 2025
NFTs hit $562M in monthly sales volumes, recording six-month high
Artist Marco Evaristti shows that NFTs are more than art

Whales drive NFT comeback on BNB Chain in Q3: Messari

While the average daily buyers of NFTs on BNB Chain declined, whales continued to buy, sell and trade NFTs on the network. Third-quarter data from blockchain analytics firm Messari showed that NFT volumes increased to a daily average of $600,400.

Daily average sales in Q3 increased to 8,900, marking a 47% quarter-on-quarter increase. Despite this, the chain’s average daily buyers fell to 2,300, a 53% decline compared to the previous quarter, suggesting that whales drove the increase in volume.

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Lamborghini opens Revuelto NFT mint with Animoca Brands, Transak

Luxury vehicle company Automobili Lamborghini opened the mint for its Revuelto NFTs on Nov. 7. The company said that the NFTs will be integrated into Animoca Brands’ games, allowing users to drive Lambos in-game.

Furthermore, the company said it was collaborating with crypto ramp service provider Transact as its “NFT Checkout” partner, allowing various payment methods when minting the NFTs.

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Infinex to list top 500 crypto assets, v2 coming early 2025

Decentralized finance and NFT platform Infinex plans to release an updated version of its platform early in 2025. In a Cointelegraph interview, Infinex founder Kain Warwick said the company plans to implement new architecture to speed up integrations.

The executive said this update would allow the platform to integrate with marketplaces like OpenSea and Blur within two to three weeks, significantly faster than two to three months, its current speed of integrations.

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OpenSea users drop securities suit after marketplace demands arbitration

The two OpenSea users who alleged that the NFT platform sold them unregistered securities dropped their proposed class-action suit after a judge allowed the NFT company to demand arbitration. Florida Federal Court Judge Cecilia Altonaga approved OpenSea to file a motion that would mandate arbitration.

The users’ lawyer, Adam Moskowitz from The Moskowitz Law Firm, told Cointelegraph that their side had no choice but to “dismiss the pending case.”

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Arts

https://cointelegraph.com/news/opensea-users-drop-securities-suit-bnb-chain-whales-drive-q3-nft-comeback-nifty-newsletter

Interesting NFTs
Ethboy
Young Vitalik takes on the role of Picasso’s son Paulo dressed as Harlequin in this artwork but the octahedron Ethereum logo replaces the chequered pattern of the original jester outfit. Leaning against a large chair, the boy genius fiddles with his fingers in a somewhat nervous manner; nevertheless, he stares directly at the viewer with what appears to be a confident, ‘Mona Lisa-like’ smile. Vitalik has no idea what the future has in store for him, but he’s prepared to face any obstacle ahead as he begins life's adventure.
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier ArrĂ©s’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, ArrĂ©s, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, ArrĂ©s uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, ArrĂ©s elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. ArrĂ©s presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, ArrĂ©s freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier ArrĂ©s: https://javierarres.com/about.html
Lucky Stripe Sphynx
Oh hi! I'm Lucky Stripe Sphynx. I enjoy being a nevernude, grooming, and shakin' dat booty. My secret indulgence is cantaloupe. I think you'll love me beclaws I have cattitude.
Last Selfie #7/10
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Rogue Society Bots #10097
Rogue Society Bot is a collection of 15,777 unique Rogue Bot NFTs— unique digital collectibles living on the Ethereum blockchain. Your Rogue Bot doubles as your Rogue Society membership card, and grants access to members-only benefits and experiences. Future perks can be unlocked by the community through roadmap activation. Visit www.roguesociety.io for more details.