Welcome to the weekly NFT market roundup by NFTScan, your premier NFT infrastructure provider.
NFT Hot News
01/ NFTScan Ranked Among CMC's Top 10 Global Tools for Newbies
On February 26, CoinMarketCap unveiled its CMC Crypto Awards 2024, recognizing NFTScan as one of the Top 10 Blockchain Infrastructure Tools worldwide. NFTScan continues to deliver comprehensive NFT data services, empowering Web3 projects with reliable analytics.
02/ Sudoswap Expands to Arbitrum Network
The NFT trading protocol sudoswap launched on Arbitrum this week. Additionally, AI-driven yield strategy platform Mozaic will deploy Hoplite NFT on Arbitrum using a progressive Dutch auction mechanism.
03/ X2Y2 Fi Now Supports Mavia Land NFTs
NFT lending platform X2Y2 Fi added Mavia Land NFTs as collateral, enabling users to borrow and lend ETH against these assets.
04/ OpenSea Delists Fractional Uprising Over Policy Violations
OpenSea removed Fractional Uprising NFTs, citing violations of its Terms of Service, which prohibit financial instrument trading.
05/ Yuga Labs Reduces Royalties for Magic Eden Launch
Yuga Labs co-founder announced a 69-day royalty reduction (2.5% for some collections, 1% for others) to celebrate Magic Eden’s Ethereum marketplace debut.
06/ PeckShield Reports NFT Phishing Attack
asyl9.eth lost 22 NFTs (including CoolCat #2025 and #9330) to a phishing scam.
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07/ Web3Go Airdrops Chip NFTs for xData Access
Data network Web3Go launched an airdrop campaign for Reiki users, offering Chip NFTs—passes for its upcoming xData product.
08/ OKX Web3 Wallet Offers Exclusive Moca ID Claims
From February 28 to March 14, OKX Web3 Wallet users can claim Moca IDs without NFT/invite requirements via Mocaverse.
09/ READYgg Raises $4M for NFT Infrastructure
READYgg secured funding from Delphi Digital and others, preparing for its RDYX token launch later this year.
10/ Mint Blockchain Testnet Goes Live
Mint Blockchain, an L2 network for NFT innovation by NFTScan Labs, released its testnet on February 28.
11/ MOBOX Airdrops 600 ETH to MODragon Holders
MOBOX distributed 600 ETH based on NFT Dragon Power percentages, with snapshots completed February 29.
12/ TinFun Migrates to Blast
After 97% community approval, TinFun NFTs will transition to Blast.
13/ Tabi Chain Deploys NFT Tools on Berachain
Tabi Chain plans to launch an NFT market, Launchpad, and event platform on Berachain.
14/ ZKFair ERC404 NFTs Hit Record High
CyberArmy NFTs surged to 140 USDC, with holders eligible for future ZKFair Launchpool airdrops.
On-Chain Data Insights
01/ Multi-Chain NFT Overview
- Supported Blockchains: 22
- NFT Contracts: 3.56M+
- Total NFTs: 1.55B+
- Historical Volume: $101B+
02/ Market Trends
- Top Market (92.45%): Auction House ($3.9B weekly)
- Others: Blur (4.19%), OpenSea (1.22%), MagicEden (0.52%).
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03/ Blue Chip NFTs
- Total Cap: 1.26M ETH (15.45% of NFT market).
- Weekly Volume: 23.48K ETH.
04/ Top Wallets
- #1 Holder: 241K NFTs (~314K ETH value).
05/ Trending Projects
- Pudgy Penguins: 6,635 ETH weekly volume (16.04 ETH floor).
- Milady: 4,005 ETH volume (4.7 ETH floor).
FAQ
Q: How does NFTScan support developers?
A: NFTScan provides multi-chain NFT APIs for building dApps, marketplaces, and analytics tools.
Q: What’s driving Pudgy Penguins’ popularity?
A: High-profile trades (e.g., 230 USD deal) and consistent Blur/OpenSea activity sustain its demand.
Q: Are NFT royalties enforceable?
A: Platforms like Magic Eden and OpenSea set policies, but reductions (e.g., Yuga Labs’) reflect shifting norms.
About NFTScan
The leading NFT data infrastructure, serving 1,000+ clients (Binance Web3, Coin98, etc.) across 22 blockchains.