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Coachella
22 Days ago
Coachella Partners with OpenSea To Launch NFTs
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The Coachella Valley Music and Arts Festival, a popular music and arts festival, has announced a new partnership with OpenSea, a nonfungible token (NFT) marketplace.

The collaboration aims to introduce digital keepsakes with real-world utility at the festival. Coachella, one of the largest music festivals in the world, attracts upwards of 645,000 attendees each year.

It is renowned for its diverse music acts featuring newcomers, superstars, and several celebrity attendees. The festival has become a significant fixture in pop culture and the music industry and is a highly sought-after event for advertisers.

The festival’s 2024 edition will feature three unique NFT collections, serving as all-access passes to some of the most exclusive on-site experiences and merchandise. This partnership with OpenSea brings NFTs and the greater Web3 utility and innovation idea into the mainstream for direct use.

Coachella’s innovation lead, Sam Schoonover, described the collaboration as a “new chapter” in the event’s use of NFTs to create immersive user experiences, both in person and digitally, saying: “We’re moving toward a future where Coachella isn’t just an event you attend, but an experience you can own and shape based on the digital tokens in your possession.”

The NFT collections will be hosted on the Avalanche blockchain network and released over three subsequent drops that pair collectible Coachella intellectual property artwork with perks, including access to exclusive areas, limited edition Coachella merchandise, and VIP festival passes.

The first drop takes place on March 5, with only 1,000 available NFTs granting holders a VIP Pass, access to the Oasis Lounge, and an “Oasis Lounge Keepsake,” with the other two on March 25 and mid-April.

Devin Finzer, the CEO of OpenSea, commented on the partnership and what it could mean for the space: “Our partnership with Coachella represents a significant milestone, uniting the digital with the physical in ways that promise to enrich the festival experience and usher in a new paradigm in the live event and ticketing industry.”

OpenSea has been facing a challenging time lately due to a decline in NFT sales. As of February 2024, the sales have hit a three-year low, with only 199,000 NFTs being sold. Despite this, OpenSea remains a leading player in the Web3 industry. However, it has been the target of “vampire attacks” in recent years, where other platforms have attempted to attract users and liquidity by offering lower fees and other incentives.

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Bitcoin NFTs
24 Days ago
Bitcoin Dominated NFT Sales over Past Week
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The NFT sales over the past week witnessed an increase, as they went up by around 34% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $436.650 million. Last week, Bitcoin dominated the sales again, followed by Ethereum, with over $168.109 million, which is around 78% up from the previous week. Out of the top 20 blockchains, Bitcoin accounted for around 38% of the total sales. 

Meanwhile, Ethereum has been in second place in terms of NFT sales for weeks, accounting for nearly 38% of the total sales ($164.671 million), an 18.16% hike from the previous week. 

Over the past week, most of the blockchains, such as Solana and Flow, saw a surge in sales. Blockchains of Solana, BNB Chain, Mythos Chain, Polygon, Immutable, and Avalanche followed Ethereum regarding the total sales over the past week, respectively. 

In addition, most of the NFT collections witnessed a hike in their sales, topped by $NATCATS TAP NFTs and Pudgy Penguins, which went up by 388.6% and 158.76%, respectively. Meanwhile, NFTs like Pandora of Ethereum declined over the past week by 31.80%.

Regarding the NFT price floor, Bored Ape Yacht Club is still in second place in terms of the highest floor value at 20.7 ETH, following CryptoPunks, whose floor was just 57 ETH, according to data from nftpricefloor.com.

Last week, The most expensive NFT was budgie #c17dd0…54cai0 of Bitcoin, which sold for more than $1.4 million. The following top expensive NFTs sold over the past seven days were sold from $1.1 million and downwards. 

As for the leading NFT marketplaces in the past week, Blur led them, followed by Magic Eden. Blur’s sales over the past week reached $150.3 million, while the sales on OKX were $92.83 million (+9,981%). 

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1 Months ago
NFT Sales over Past Week Thrive Again
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The NFT sales over the past week witnessed an increase, as they went up by around 26% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $327.231 million, and Ethereum still dominates the sales again after weeks for Bitcoin, with over $141.246 million, which is around 10% up from the previous week. Out of the top 20 blockchains, Ethereum accounted for around 43% of the total sales. 

Meanwhile, Bitcoin has been in second place in terms of NFT sales for weeks, accounting for nearly 28.7% of the total sales ($93,965 million), a 112.73% hike from the previous week. 

Over the past week, most of the blockchains, such as BNB Chain and Arbitrum, saw a surge in sales. Blockchains of Solana, BNB Chain, Mythos Chain, Arbitrum, Polygon, and Immutable X followed Bitcoin regarding the total sales over the past week, respectively. 

In addition, most of the NFT collections witnessed an increase in their sales, topped by $SABC BRC-20 NFTs and Creepz by OVERLORD, which went up by 714.23% and 523.72%, respectively. Meanwhile, NFTs like $LIGO BRC-20 NFTs of Bitcoin declined over the past week by 23.84%.

Regarding the NFT price floor, Bored Ape Yacht Club is still in second place in terms of the highest floor value at 22.5 ETH, following CryptoPunks, whose floor was just 56 ETH, according to data from nftpricefloor.com.

Last week, The most expensive NFT was Pandora #57023, which sold for more than $1.5 million. The following top expensive NFTs sold over the past seven days were sold from $298K and downwards. 

As for the leading NFT marketplaces in the past week, Blur led them, followed by OKX. Blur’s sales over the past week reached $170.04 million, while the sales on OKX were $32.77 million (+45.18%). 

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NFTs
1 Months ago
Moonbirds NFTs Hiked 1534% over Past Week’s Sales
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The NFT sales over the past week witnessed a decline, as they went down by around 13% at the time of writing. 

Over the past seven days, the NFT sales amounted to more than $255.944 million, and Ethereum still dominates the sales again after weeks for Bitcoin, with over $130.702 million, around 15.4% up from the previous week. Out of the top 20 blockchains, Ethereum accounted for around 51% of the total sales. 

Meanwhile, Solana overtook Bitcoin to be in second place in terms of NFT sales for weeks, accounting for nearly 18% of the total sales ($46.856 million), a 10.28% slump from the previous week. 

Over the past week, most of the blockchains, such as BNB Chain and Arbitrum, saw a decrease in sales. Blockchains of Bitcoin, Mythos Chain, Polygon, Immutable, BNB Chain, and Avalanche followed Solana regarding the total sales over the past week, respectively. 

In addition, more than half of the top 10 of the NFT collections witnessed an increase in their sales, topped by Moonbirds and Mad Lads, which went up by 1534.80% and 28.20%, respectively. Meanwhile, NFTs like Uncategorized Ordinals NFTs of Bitcoin declined over the past week by 45.37%.

Regarding the NFT price floor, Bored Ape Yacht Club is still in second place in terms of the highest floor value at 22 ETH, following CryptoPunks, whose floor was just 56.69 ETH, according to data from nftpricefloor.com.

Last week, the most expensive NFT was Pandora #54222, which sold for more than $1.4 million. The following top expensive NFTs sold over the past seven days were sold from $863K and downwards. 

As for the leading NFT marketplaces in the past week, Blur led them, followed by OKX. Blur’s sales over the past week reached $171.91 million, while the sales on OKX were $27.95 million (+4.37%). 

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