CryptoBlog n.870
October may have seen a decline in NFT trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000. This is despite trading volumes falling 30% to $662 million in October, the lowest registered in 2022, while the sales count decreased by 30% to 6.13 million. The firm added: “The rise in the unique traders’ count indicates that new people are entering the NFT market, and it is still in great demand.”
CryptoBlog n.869
???? dYdX Foundation Announces Former ConsenSys Senior Exec Charles d’Haussy as CEO The dYdX Foundation, an independent non-profit foundation of decentralised exchange dYdX, headquartered in Switzerland, announced on Monday the appointment of Charles d’Haussy as its new CEO. Charles d’Haussy joins dYdX Foundation from ConsenSys, where he set up the Hong Kong office and led the decentralized software protocols company’s APAC growth efforts and global business development. Prior to ConsenSys, d’Haussy co-wrote a book about Hong Kong’s blockchain entrepreneurs. He also has experience as a Fintech startup executive, and the Head of Fintech with the Hong Kong government, where he served 450 international FinTech companies and steered the growth of the HK FinTech Week, reaching over 10,000 global attendees.
CryptoBlog n.868
???? NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000. October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” The month was a busy one for the NFT community. At least two more NFT marketplaces shift to an optional royalty model, including Solana-based Magic Eden and Ethereum-based LooksRare. The report also highlighted that Yuga Labs has continued to dominate the NFT market, with seven of the top ten sales for the month coming from CryptoPunk and Bored Ape Yacht Club. which represents the lowest volume registered by DappRadar since June 2021.
CryptoBlog n.867
One of the largest crypto exchanges Kraken has announced that its much anticipated NFT marketplace is going live in beta. The new market would be made available to customers who joined the market’s waitlist in May. The new marketplace is expected to host about 70 Ethereum and Solana-based NFT collections. Also, users would bear no extra cost to store their NFTs on the exchange. Kraken would face huge competition from OpenSea, the largest NFT marketplace by trading volume. LooksRare is another heavyweight in the industry after recording some interesting growth in the past week. Kraken is expected to differentiate itself from the other marketplaces by integrating tools to enable newbies to evaluate the worth of their NFTs.