NFT Update: OpenSea removes royalty enforcement; Curated keeps adding; plus Weekly Data
1 min read · 18 Aug 2023
OpenSea removing on-chain royalty enforcement.
OpenSea has announced it is disabling its on-chain royalty enforcement tool, making royalties optional on the marketplace.
NFT marketplaces Magic Eden has launched a $1m fund to support Polygon NFT collections.
The trading volume of Bitcoin Ordinals has fallen 97% since its monthly high of $450m in May.
The Top 5 NFT Sales over the past week were CryptoPunk #6097 for 64 ETH ($118k), CryptoPunk #5342 for 60 ETH ($111k), CryptoPunk #3306 for 59 ETH ($108k), Fidenza #829 for 63 ETH ($107k), and CryptoPunk #3845 for 57 ETH ($101k).
The Top 5 NFT Collections by Volume over the past week were DeGods with $28m (+60%), Bored Ape Yacht Club with $16.4m (+84%), Mutant Ape Yacht Club with $8.8m (-8%), Gods Unchained with $4.5m (-22%), and Azuki with $3.7m (-41%).
The Top 5 NFT Marketplaces by Volume over the past week were Blur with $79m (+16%), OpenSea with $21.6m (+4%), Immutable X Marketplaces with $5m (-22%), X2Y2 with $2.8m (+37%), and LooksRare with $2.1m (+40%).
The Total Crypto Market Capitalisation is $1.1t, a 10% decrease over the past week.