AlphaPanda Weekly?-?NFT Highlights
Welcome to this week’s roundup of the latest news and developments in the exciting world of NFTs. The NFT market has been buzzing with activity lately, as more and more artists are joining the NFT craze. From multi-million dollar sales to groundbreaking collaborations, there’s never been a better time to keep up with the latest happenings in this dynamic industry. So, without further ado, let’s dive into the top stories making waves in the NFT market this week.
Enjoy tipsy weekends with The Sandbox’s latest Irish pub — The Irish Shebeen
The Sandbox, a popular blockchain-based virtual world, recently announced the launch of the world’s first Irish pub in the metaverse on the occasion of St. Patrick’s Day. The pub, named the Irish Shebeen, is an authentic recreation of an Irish pub and offers visitors a unique experience complete with traditional music, food, and drinks. The Sandbox has become a hub for creative communities, and this move highlights the growing trend of companies expanding into the metaverse.
The Irish Shebeen is a testament to the growing popularity and potential of the metaverse. The Sandbox has already seen tremendous success with its virtual real estate, with some parcels selling for millions of dollars. The addition of an authentic Irish pub is a clever move that’s sure to attract more users and solidify The Sandbox’s position as a leading metaverse platform.
Sesame Street Characters to be Featured as NFTs on VeVe Platform
Sesame Workshop, the nonprofit organization behind “Sesame Street,” has teamed up with digital collectibles platform VeVe to release its first NFT collection featuring popular characters such as Cookie Monster, Elmo, and Big Bird. The collection includes three sets of digital collectibles, including “Sesame Street Moments,” “Cooking with Cookie,” and “Elmo’s World,” which will be released gradually over the next few weeks.
Each NFT features unique animations and sound effects and can be purchased using the VeVe app, which allows users to collect and trade digital collectibles using their smartphones. The move marks Sesame Workshop’s first foray into the NFT market and is part of the company’s efforts to expand its reach and engage with younger audiences in the digital world.
The Impact of Silicon Valley Bank’s Closure on the NFT Market: A DappRadar Report
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Last week’s shutdown of Silicon Valley Bank had a significant impact on the NFT market, according to a DappRadar report. The day after the state regulators closed the bank, the number of active NFT traders dropped to the lowest level since November 2021, with only 11,440 recorded. However, the report found that the floor price for blue-chip NFTs such as CryptoPunks and Bored Ape Yacht Club remained largely unaffected, indicating the resilience of these collections. Nonetheless, the floor price for Moonbirds fell by 18%.
AlphaPanda thoughts on this week’s NFT highlights
In conclusion, the metaverse and NFT market continue to evolve and attract interest from both companies and users alike. The Sandbox’s Irish pub and Sesame Workshop’s NFT collection offer unique and engaging experiences, while the impact of Silicon Valley Bank’s closure highlights the potential vulnerability of the market. As with any emerging market, the NFT space is likely to experience fluctuations and challenges, but these recent developments suggest it will continue to be a space to watch.
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