Cryptocurrency

Blur

Starknet

Foundation

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/nft-market-remains-unmoved-by-cryptocurrency-upswing" rel="noopener noreferrer nofollow">NFT Market Remains Unmoved by Cryptocurrency Upswing</a><br></p>
<p style="text-align: justify">While the cryptocurrency market experiences a significant uptick, the non-fungible token (<a href="https://en.bitcoinhaber.net/historic-16-million-acquisition-rocks-non-fungible-token-sphere" rel="noopener noreferrer nofollow">NFT</a>) sector has yet to feel the ripple effect of this surge. Despite <a href="https://en.bitcoinhaber.net/expert-predicts-polkadot-could-more-than-double-highlights-bitcoin-correction-and-altcoin-opportunities" rel="noopener noreferrer nofollow">Bitcoin</a> spearheading positive trends in the crypto realm, the NFT market is witnessing a lack of corresponding investor enthusiasm. This report delves into the latest happenings within the NFT landscape.</p>
<h2 id="starknet-foundation-prioritizes-gaming-development">Starknet Foundation Prioritizes Gaming Development</h2>
<p style="text-align: justify">The Starknet Foundation, operating <a href="https://en.bitcoinhaber.net/ethereum-whale-transactions-intensify-as-market-price-rises" rel="noopener noreferrer nofollow">Ethereum</a>‘s Layer-2 blockchain network Starknet, has taken a decisive step by setting up a new committee focusing on gaming. A substantial sum of $125.5 million in tokens is earmarked to fund gaming-centric endeavors. Starknet’s recent announcement details the committee’s role in spearheading game development on its platform, with a special focus on attracting both game developers and players through various incentive programs.</p>
<h2 id="nft-values-in-decline-despite-ethereum-s-high">NFT Values in Decline Despite Ethereum’s High</h2>
<p style="text-align: justify">Even as Ethereum’s value soared to a two-year peak, NFT prices took a downturn. Data from NFT marketplace Blur shows that over the past day, the floor prices of several top-traded NFT collections have tumbled in Ethereum terms, despite Ethereum’s 5% price increase. High-profile collections such as Bored Ape and Mutant Ape Yacht Club experienced significant price declines. Overall sales volume and participant numbers in the NFT market have also seen a substantial drop.</p>
<h2 id="notable-tech-entrepreneur-liquidates-nft-assets">Notable Tech Entrepreneur Liquidates NFT Assets</h2>
<p style="text-align: justify">In a noteworthy move, Kevin Rose, a key figure behind the Moonbirds NFT collection, offloaded NFTs worth $1.3 million, citing a more promising outlook for cryptocurrencies. Over a span of three weeks, Rose’s transactions included the sale of roughly 330 Ethereum worth of NFTs and the transfer of a valuable CryptoPunk NFT to a different wallet.</p>
<p style="text-align: justify">While cryptocurrencies like Bitcoin and Ethereum make headlines with their performance, the NFT market’s tepid response highlights a divergence in dynamics between these interconnected yet distinct digital asset classes. The developments within the NFT sector, including the gaming initiative by Starknet and Rose’s significant NFT sales, could provide insights into the evolving nature of the broader digital asset market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/nft-market-remains-unmoved-by-cryptocurrency-upswing" rel="noopener noreferrer nofollow">NFT Market Remains Unmoved by Cryptocurrency Upswing</a></h5>

NFT Market Remains Unmoved by Cryptocurrency Upswing

目錄

BH NEWS

在 2024年3月12日發表的其他文章

CESS Marks 2024 as the Year of the Data Value Network at ETHDenver 2024

Crypto To Play a Major Role in 2024 U.S. Elections: Analyst

Maximizing ROI with Crypto: Ethereum (ETH) and Dogecoin (DOGE) Lead the Charge, A Closer Look at ...

Darkweb drugs site Incognito Market threatens to out users who paid in crypto

Investor Focus Shifts to Toncoin as Market Value Soars

Bitcoin-only app Relai taps Blockstream Greenlight for Lightning payments

訂閱免費電子報，每天收取加密貨幣最新動態！