0
Oxalus Insights

Weekly NFT Highlights: Instagram Launches NFT Marketplace, Art Gobblers’ Secondary Sales Reach $50M

NewsWeekly NFT Highlights Nov 7 2022

GM.

This is NFT Weekly Wrap-Up from Oxalus Insight, bringing you the latest news so you won’t miss anything.

Key Takeaways

  • Instagram will soon launch an NFT marketplace, starting with Polygon
  • Art Gobblers’ secondary sales reach $50 million
  • Opensea now can detect NFT copycats within seconds
  • Metamask launches portfolio valuation platform, estimating prices for over 5,000 NFT collections.
  • OpenSea created a tool for enforcing royalties on the blockchain
  • Gamestop launched NFT marketplace on Immutable X.
  • Warner Bros and HBO have collaborated to launch “Game of Thrones” digital collectibles, coming this winter on NFT platform Nifty.
  • ASICS launched new running shoes with the collaboration of Solana and StepN. It’s only available for preorder and accepts only USDC through Solana Pay.
  • NiftyApes, a firm offering loans on any NFT collection, raised $4.2 million in seed funding.
  • Courtyard, a company that connects physical assets with digital collectibles, raised $7 million in seed funding.

Now let’s dive in 👇

Instagram Will Soon Launch An NFT Marketplace, Starting With Polygon

It is no surprise that Instagram, the most powerful web2 social platform, continues to support NFT strongly. “You will soon be able to create, buy and sell digital collectibles directly on Instagram, starting with Polygon”, said the company on Twitter. These new features are being tested with a few creators first. Additionally, OpenSea, Solana, and Phantom Wallet are now integrated.

Additionally, OpenSea, Solana, and Phantom Wallet are now integrated. You can now view and share Solana NFTs alongside Ethereum and Polygon.

NFT is now getting strong support from many powerful web2 platforms, including Twitter, Reddit, Facebook, and Instagram. The future of NFT will be interesting to see.

Art Gobblers’ Secondary Sales Reach $50 Million

Art Gobblers, an NFT project backed by Paradigm, gained a lot of attention last week for its innovative concept. It’s called Art Gobblers because it “eats” art. Gobblers produce Goo tokens, which are used to create blank art pages. It can be fed to Gobblers for its “belly gallery” or sold as 1/1 NFTs.

During the first 24 hours, it traded over 8,000 ETH ($12.5 million) on the platform, quickly climbing to the top of OpenSea’s Top 10 projects. Art Gobblers’ popularity helped Blur surpass OpenSea volume for the first time ever.

Read here for more details: Art Gobblers NFTs Steal The Spotlight

OpenSea Now Can Detect NFT Copycats Within Seconds

Copies are a common issue in the NFT industry. When a certain collection gains attention, scammers may copy the imagery, sometimes slightly changing it, in order to trick people into buying.

By launching a new copymint detection system, Opensea tries to prevent this from happening. They posted a video on Twitter to explain how the system works. After detecting the duplicate images, Opensea deleted the listing immediately, even when they were flipped. Hopefully, this new technology will lead to fewer NFT copycats in the future.

OpenSea Created A Tool For Enforcing Royalties On The Blockchain

“It’s clear that many creators want the ability to enforce fees on-chain & we believe that choice should be theirs–not a marketplace’s–to make.” the company said on Twitter. “So we’re building tools we hope will balance the scales by putting more power in creators’ hands to control their business model.”

On Tuesday Nov 8 at 12PM ET, the tool will be launched for only new collections. Existing collections wanting these features should wait until December at least.

>>>Join us on Oxalus Wallet App to receive more NFTs news, helpful hints, and hidden gems.

Some Other Highlights

  • Gamestop launched NFT marketplace on Immutable X.
  • Warner Bros and HBO have collaborated to launch “Game of Thrones” digital collectibles, coming this winter on NFT platform Nifty.
  • ASICS launched new running shoes with the collaboration of Solana and StepN. It’s only available for preorder and accepts only USDC through Solana Pay.
  • NiftyApes, a firm offering loans on any NFT collection, raised $4.2 million in seed funding.
  • Courtyard, a company that connects physical assets with digital collectibles, raised $7 million in seed funding.

This is all for this week. If you want more, stay tuned to Oxalus Insights.

See you next week!


Free Newsletter

Always stay up-to-date with the latest news

Maybe you like

My Cart (0)

Empty cart

Add items, and see how much

gas you can save

Connect Wallet