NFT Market Roundup For Last Week

    This article will summarize all the prominent activities in NFT space during the past week.

    MetaMask Launches New All-In-One Digital Asset Portfolio dApp

    Metamask announced a new portfolio manager in recent days, which is expected to let users view their entire NFT collection in a single portfolio dApp. The dApp has a clean interface and addresses users’ long-term desire to view the entire catalog easily. In other words, you can now see your NFTs across multiple chains in one place. This feature has long been expected for the dominant NFT wallet. The portfolio dApp will support NFT and crypto tokens.

    OpenSea delists NFT

    In June, Bored Ape Yacht Club (BAYC) was suddenly delisted by OpenSea for a short time. That OpenSea bug resurfaced last week. This time is a less prominent collection but still very recognizable in Azuki.

    Many owners received emails that their NFT Azuki will no longer be supported on the platform. However, both the NFT foundation and the Azuki team were quick to address the problems and the collection was back to normal within hours.

    Warner Music Group partners with OpenSea

    Warner Music Group has entered into a collaboration with NFT marketplace OpenSea, which the major says will provide a platform for “select WMG artists to build and extend their fan communities in Web3”.

    As part of the partnership, WMG says that its artists would get early access to OpenSea’s new drops product, along with “improved discoverability”, personalized storytelling on customized landing pages, as well as OpenSea’s safety and security features. 

    Huge NFT Sales

    Surely we could call the crypto market, in general, this year a “bear market” and the NFT is no exception. Although volume was relatively satble throughout the year, many projects fell sharply from the highs of Q4 last year. NFT collections that are not blue chip projects have been particularly severely affected. 

    In contrast, blue chip projects had surprisingly growth, such as the $4.5 million CryptoPunk sale and the massive $17 million payout for the latest Tyler Hobbs collection. Hobbs, who previously created Fidenzas, has released a new QQL art experimental collection.

    Facebook And Instagram Will Allow Users To Connect Their Crypto Wallets

    Meta gained a lot of attention this past week as the company announced the integration of NFT into its social media platform.

    Last week, the company started rolling out support for users in the US to be able to connect the digital wallet to both Facebook and Instagram and start sharing NFTs with their connections on the platform.

    Mastercard launches its first NFT debit card

    Last week, Mastercard partnered with crypto-finance firm Hi to launch the world’s first NFT debit card. Both will use a subscription service to allow cardholders to specify a custom NFT in their wallet as an avatar attached to the card.

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