25/12/2024 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.

NFT sales plunge 15% to $64.9m, Solana sales jump 44%
Make crypto games great again? ‘Trump Billionaires Club’ launches this month
Twitter is making NFTs now, apparently

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
CryptoPunk #4220
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
Stay Free (Edward Snowden, 2021)
This unique, signed work combines the entirety of a landmark court decision ruling the National Security Agency's mass surveillance violated the law, with the iconic portrait of the whistleblower by Platon (used with permission). It is the only known NFT produced by Snowden. Produced using open source software. This auction is on behalf of Freedom of the Press Foundation. https://www.aclu.org/press-releases/appeals-court-strikes-down-nsa-phone-spying-program-aclu-lawsuit
Ushibori in Hitachi Province, from the series Thirty-six Views of Mt. Fuji
Katsushika Hokusai (1760-1849) Ushibori in Hitachi Province, from the series Thirty-six Views of Mt. Fuji 1832 - Japan
Amur kitty
Shalom! I'm Amur kitty. I enjoy riding unicorns, staying woke, and licking doorknobs. My great-great-great-great-great-great grandkitty lived with Cleopatra. I hope you like kitten around as much as I do!
Block Chain Dungeon
Once upon a time... a little boy named Leo loved to paint, draw and experiment. He also loved to play with blocks and chains, which drew him again and again into the rooms of his friends Michel and Angelo. Often they also met in virtual rooms of Cryptovoxels, Decentraland, Somnium Space or Sandbox to create new inventions, read books about new technologies, or just swing the brushes. But on this day something gigantic happened. A good friend of Leo came to visit and brought his girlfriend Mona, who wanted a piece of Leo's art on her skin. This was the birth of the NFT's, as Leo developed Non Fungible Tattoos in the Block Chain Dungeon of Michel and Angelo. From that day on people from all over the world came to get NFT's from Leo or one of his students, like "Skeenee the rat", who controls the NFT machine with his laptop. A new age began.