Ethereum

Solana

SuperRare

<a href="https://www.parismatch.com/" target="_blank" rel="">Paris Match</a>, a French magazine, is auctioning 75 iconic archival photos as Ethereum (<a href="https://crypto.news/price/ethereum/" rel="">ETH</a>) non-fungible tokens (<a href="https://crypto.news/sigg-foundation-taex-and-tezos-combine-to-showcase-nfts-at-the-digital-art-mile-in-basel/" rel="">NFTs</a>) to celebrate its 75th anniversary. 
The auction kicked off on <a href="https://www.parismatch.com/culture/art/vente-aux-encheres-de-nft-photo-par-paris-match-et-focus-bloc-sur-superrare-75-ans-dicones-photographiques-238638?at_medium=Fan+Page&amp;at_campaign=Twitter+&amp;at_creation=Paris+Match" data-type="link" data-id="https://www.parismatch.com/culture/art/vente-aux-encheres-de-nft-photo-par-paris-match-et-focus-bloc-sur-superrare-75-ans-dicones-photographiques-238638?at_medium=Fan+Page&amp;at_campaign=Twitter+&amp;at_creation=Paris+Match" target="_blank" rel="">June 17</a> and showcased a curated selection of historic images from Paris Match’s archives. 
These include snapshots of entertainment icons like The Rolling Stones, Jack Nicholson, Orson Welles, and John Travolta. Images of significant historical moments such as the fall of the Berlin Wall and scenes from Harlem and the Tour de France are also included. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Vente aux enchères de NFT photo par Paris Match et Focus Bloc sur SuperRare : 75 ans d'icônes photographiques <a href="https://t.co/HE4jrGpecK" target="_blank" rel="">https://t.co/HE4jrGpecK</a>— Paris Match (@ParisMatch) <a href="https://twitter.com/ParisMatch/status/1803005811360252261?ref_src=twsrc%5Etfw" target="_blank" rel="">June 18, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Each NFT purchase will include a numbered and signed physical print of the same photo, bridging the gap between traditional art collecting and digital ownership. Bidding for each photo starts at 0.3 ETH, equivalent to approximately $1,062 at current rates. 
This initiative marks Paris Match’s second venture into the NFT realm, following a successful sale of 120 unique NFTs in January 2023. The magazine has teamed up with the photo NFT platform Focus Bloc and SuperRare for this auction. 
According to CryptoSlam, the global NFT <a href="https://www.cryptoslam.io/" target="_blank" rel="">sales</a> volume has seen a 45% surge to $19.25 million in the last 24 hours, with Ethereum leading at $7.19 million in sales, followed by Polygon and Bitcoin (<a href="https://crypto.news/bitcoin/price" rel="">BTC</a>). 
As of the latest update, Ethereum (<a href="https://www.coingecko.com/en/coins/ethereum" target="_blank" rel="">ETH</a>)&nbsp; is trading at $3,492.60, marking a 7% price decline over the past month. 
Paris Match’s decision to embrace NFT technology and auction its iconic photographic archives reflects its dedication to preserving its cultural legacy while adapting to the digital era.&nbsp; 
 You might also like: <a href="https://crypto.news/50-cent-targeted-hackers-pushing-fake-cryptocurrency/&nbsp;" rel=""> 50 Cent targeted by hackers pushing fake cryptocurrency </a> 
<h3 class="wp-block-heading" id="spot-ethereum-etf-approval-experts-weigh-in">Spot Ethereum ETF approval, experts weigh in</h3> 
According to analysts, the <a href="https://crypto.news/gary-gensler-ethereum-etfs-likely-approved-by-end-of-summer/" rel="">approval</a> of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) is expected to impact Ethereum’s price significantly. Experts predict Ethereum could see a 60% to 75% surge, similar to Bitcoin’s performance after ETF approval. 
Standard Chartered analysts <a href="https://ng.investing.com/news/cryptocurrency-news/standard-chartered-predicts-ethereum-reaching-8000-amid-upcoming-etf-approval-1365919" target="_blank" rel="">forecast</a> Ethereum could reach $8,000 by the end of 2024, driven by an estimated $45 billion influx into Ethereum ETFs within the first year. Meanwhile, other experts like Raoul Pal <a href="https://www.coinbureau.com/news/raoul-pal-ethereum-to-20000-by-march-at-the-latest/" target="_blank" rel="">predict</a> Ethereum could reach $17,000 to $20,000 during the next bull cycle. 
In the world of NFTs, Ethereum holds a dominant position, <a href="https://www.binance.com/en-NG/square/post/3604063603553" target="_blank" rel="">capturing</a> 72.3% of the market share with a trading volume of $8.54 billion in 2023.&nbsp; 
This leadership is attributed to Ethereum’s early adoption in the NFT sector, supported by a robust developer community and an extensive ecosystem tailored for NFT creation and trading.&nbsp; 
However, Ethereum faces increasing competition from emerging blockchains like Solana, Bitcoin, and Immutable X, which are gaining traction as viable alternatives. 
Ethereum’s strength in NFTs is reinforced by its established infrastructure and widespread recognition. The platform offers numerous NFT marketplaces and tools, making it a preferred choice for developers aiming to create sophisticated and dynamic NFTs. 
Despite these advantages, Ethereum encounters scalability challenges, addressed through initiatives such as transitioning to a proof-of-stake consensus (<a href="https://crypto.news/the-reality-of-eth-staking-ethereum-proof-of-stake-is-a-regressive-capital-tax/" rel="">PoS</a>) mechanism and implementing layer-2 solutions like rollups to enhance performance. 
In contrast, Solana distinguishes itself among other blockchains by offering lower gas fees and faster transaction speeds, positioning itself as a strong challenger to Ethereum.&nbsp; 
 Read more: <a href="https://crypto.news/ethereum-etfs-could-go-live-in-july-analyst-says/&nbsp; " rel=""> Ethereum ETFs could go live in July, analyst says </a>

Paris Match auctions NFTs to commemorate the magazine’s 75th year

Table of Contents

crypto.news

Other articles published on Jun 23, 2024

BlockDAG, with its $53M presale, alongside Toncoin and OKB, are at their best-buy levels for pote...

Roles of TradFi and DeFi In The Economy, Details On Their Integration

EigenDA gets ‘Whitelist Security’ against Sybil/DDoS Attacks

What Are Crypto Whales Buying From Top 5 Crypto List? BlockDAG, Notcoin, Pepe, Toncoin or Solana

MoonBag Staking Rewards Best Crypto Presale in June 2024: BitBot and Near Protocol Insights

Top Trending Crypto Coins on DEXTools – Autonolas, Quantum Fusion, Any Inu

Join our free newsletter for daily crypto updates!