The decline of the nonfungible tokens (NFT) market doesn’t seem to be a problem for the Swiss cryptocurrency-focused bank Seba as the firm now allows its customers to store NFTs. Seba Bank has launched a regulated custody platform allowing its clients to store NFTs, the firm officially announced on Oct. 26. The NFT custody solution enables Seba Bank’s retail and institutional clients to store any Ethereum-based NFTs, including tokens from world-famous NFT collections like Bored Apes and CryptoPunks, the firm said. "There is no marketplace integration with Seba Bank at this time," a spokesperson for the firm told Cointelegraph. The …

Reddit NFTs among OpenSea’s top 10 collections Reddit’s Polygon-based nonfungible token (NFT) venture continues to impress with three of its tokenized avatar collections cracking the top 10 projects on OpenSea in terms of sales volume this week. Looking at the 24-hour sales volume chart, Spooky Season by Reddit user poieeeyee is ranked second with 274 Ether (ETH) ($401,000) worth of sales, behind only Yuga Lab’s Bored Ape Yacht Club (BAYC) at 684 ETH. The ninth and tenth spots are then taken up by Imagination Station from user Chipperdoodle and The Senses from user Rojom with 121 ETH ($177,400) and 120 …

1. Hello! So you've launched The List and you're now working on Klubcoin. Can you tell us about these two projects? If we are going to use the language of music, The List would be the prelude to Klubcoin. The List is an NFT collection that serves as a bridge between IRL events, the Web3 world and Klubcoin — which is the first global cryptocurrency for all clubbers, festival goers and electronic music fans. These nonfungible tokens will serve as an entry ticket to two festivals per year organized by Klubcoin and The List. Not only that, owners will have …

Moonland will allow users to create their own avatars, and explore new cities. They'll even be able to become landowners — or run their own businesses. Beyond social experiences and battle arenas, Moonland will also be home to stunning concerts that'll be truly out of this world. Moonland's development and design team have already created their first batch of NFTs — and holders will be given the chance to access an early demo of the metaverse. This is a crucial first step in building a multi-chain metaverse that's going to welcome a plethora of other brands and crypto games. Powerful …

According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatar collection has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection's cumulative trading volume of $4.1 million since launch. At the same time, Reddit NFTs' daily sales volume also witnessed a new all-time high of 3,780 digital collectibles changing hands. Reddit Avatars are created by independent artists and are minted as NFTs on the Polygon blockchain. Users can purchase such collectibles on Vault, Reddit's cryptocurrency wallet. They can then be worn and displayed as profile …

The play-to-earn boom has left many blockchain games on the scrapheap because they relied upon unrealistic tokenomics. Here, Angelic's Founder and CEO Erkan Bayol explains why, despite all of this, NFTs have huge potential in the world of gaming — as long as they're added in the right way. 1. What are AAA games — and how can NFTs make them better? AAA games are the pinnacle of the entertainment industry — bringing art, technology and literacy together. They're the gaming equivalent of the biggest blockbuster movies in Hollywood — and better still, they're interactable. NFTs and blockchain technology enhance …

Opensea’s dominance begins to waiver Nonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly," a new report states. Binance Market Pulse released on Oct. 20 says there has been a slow and steady change in market leadership, noting that while OpenSea is still the dominant marketplace in terms of users and volume, Ethereum (ETH)-based exchanges X2Y2 and Looksrare have been gaining their share of the market over 2022. The report also pointed out that OpenSea is facing stiff competition …

Awash in a seemingly endless stream of bad news, the public’s appetite for that which is not of this world has increased. Perhaps nowhere is this more evident than in the explosion of the metaverse movement. From huge concerts and virtual real estate rushes to the rapidly expanding GameFi sphere, digital reality is now where it’s at. But is the metaverse something that should be experienced in a primarily passive way? Most metaverse platforms have ways for users to share content and artwork, and there are even decentralized autonomous organization-governed Web3 games allowing players to participate in important decisions. But …

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The last week’s headline was dominated by some of the biggest hacks in DeFi. This week is redemption time for many DeFi protocols that either averted an attempted hack or got a significant chunk of their stolen funds back. The BitBTC bridge reportedly had a bug that would essentially allow an attacker to mint fake tokens on one side of the bridge and swap them for real ones. However, one Twitter user was able …

The popular messaging app Telegram has developed a new marketplace that doesn’t involve nonfungible tokens (NFTs). The social messaging platform said that it is all set to launch its marketplace for auctioning unique usernames for social platforms, an idea first floated in August. In an official announcement on its Telegram channel, the firm said that the development phase of the marketplace is near its end. The marketplace is based on its native blockchain called The Open Network (TON). The idea was first teased by the company founder Pavel Durov in late August this year when he proposed a marketplace that …

While giving rarity ranks to nonfungible tokens (NFTs) on a marketplace may help collectors decide on whether to purchase NFTs or not, some argue that ranking NFTs may do more harm than good. In a tweet, an NFT investor pointed out several issues surrounding OpenRarity, the new rarity ranking protocol implemented by NFT marketplace OpenSea. According to the community member, putting “rank” in the NFT listing with no mention of “rarity” anywhere could be misleading. Taking the Moonbirds NFT collection as an example, the community member argued that since the collection enabled the OpenRarity ranking protocol, it destroyed its own …

Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. The Metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, such as Decentraland and Meta — reports which they have refuted. DappRadar noted in an Oct. 20 report that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55% compared to …