Magic Eden Rewards, Treeverse, and Immutable – Top NFT News Today – 24 January
The market for non-fungible tokens (NFTs) is not having the best of days, with significant drops across the board making the NFT news rounds today.
Over the past 24 hours, the sales volume has dropped by nearly 20%. At the time of writing, it’s standing at $29,981,386.
As we’ll see below, the weekly numbers are not much better.
Meanwhile, buyers and sellers have dropped 17% and 6%, respectively, over the past day. Transactions are down over 15%, according to CryptoSlam.
It’s not difficult to spot the day’s top performers among the ten largest collections per sales volume. Pudgy Penguins saw the highest increase in a day, of 60%, sitting at $626,018. DMarket is up 48% to $617,815.
While taking the first spot overall with a volume of $1.55 million, Crypto Punks also saw the largest drop in a day. It fell nearly 60%. It’s followed by Ordinals and CryptoUndeads, both dropping around 45%.
In today’s NFT news: Magic Eden unveils its new rewards program and a retroactive drop, weekly sales volume drops, with Solana wedged firmly between Ethereum and Bitcoin, and Endless Clouds is set to launch two titles on Immutable zkEVM.
NFT marketplace Magic Eden has made NFT news rounds today by revealing a new incentivization scheme for collectors and creators.
Per the post, the team spent the last year “designing a long-term, cross-chain NFT rewards program built for everyone,” they said.
They claim it isn’t “just another points campaign.” Instead, the program is “a meticulously crafted plan” to give back to Magic Eden’s OGs, collectors, creators, and degens.
Introducing Magic Eden Rewards
We’ve spent the last year designing a long term, cross-chain NFT rewards program built for everyone. This isn’t just another points campaign. It’s a
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