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NFT Market Faces Decline, Hamster Kombat Announces NFT Integration

4 October 2024
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September NFT Gross sales Attain Lowest Quantity Since 2021

Since January 2021, NFT gross sales haven’t been this low as of September. All gross sales got here to $296 million, down 20% from August and 81% from March, in line with information from CryptoSlam. Within the NFT market, which has skilled a discount in gross sales and consumer engagement in latest months, this notable drop signifies persistent points.

The amount of transactions skilled a big lower along with the general gross sales quantity drop. From 7.3 million in August to 4.9 million in September, NFT transactions decreased. The imply transaction worth had a marginal rise regardless of the final downward trajectory. After reaching $50.71 in August, the typical transaction worth elevated to $60 in September. This means that though there are fewer transactions, particular person transaction values could also be barely bettering.

NFT Stamps Are Launched By The Indonesian Postal Service

With the introduction of NFT-integrated postage stamps, Pos Indonesia, the most important postal service within the nation, has joined the NFT group. The state-owned enterprise launched “Cenderawasih,” or the chook of paradise, on its debut NFT stamps. These stamps characterize a fusion of conventional postage with blockchain innovation.

Supply: Pos Indonesia

The brand new stamps, in line with Pos Indonesia, are supposed to attraction to each standard stamp collectors and NFT fanatics. The startup goals to take care of hyperlinks to the historic follow of postal stamp amassing whereas establishing a brand new marketplace for digital collectors by fusing blockchain know-how with a longtime interest like stamp amassing.

Hamster Kombat Introduces NFTs as In-Sport Belongings

Hamster Kombat, a preferred Telegram clicker sport, has introduced its plans to combine NFTs. The sport, which is already viral within the Web3 area, shared its roadmap for the top of 2024 and the upcoming yr. November is when the NFT integration is scheduled to happen. The performance of NFTs within the sport has not but been totally disclosed by the creators, though it’s anticipated that they are going to be vital in-game options.

Hamster Kombat Introduces NFTs as In-Game Assets

Supply: Hamster Fight

The NFT addition might carry renewed curiosity to digital collectibles. Hamster Kombat’s large consumer base of over 300 million gamers would possibly affect NFT engagement inside the sport. This transfer comes at a time when digital property are going through challenges in sustaining excessive consumer exercise, making Hamster Kombat’s NFT integration an vital improvement to observe.

Platforms In The Metaverse Might Assist Fight Loneliness

A solution to the rising loneliness epidemic might lie within the metaverse. The chief producer of Decentraland, Bay Backner, was upbeat about decentralized metaverse platforms in a latest interview with Cointelegraph. Backner believes that the eagerness folks have for digital worlds might result in significant connections within the on-line area.

Backner emphasised the community-driven nature of Web3 platforms, which might foster stronger bonds than conventional social media platforms. Metaverses akin to Decentraland, with their decentralized construction, facilitate extra significant social contact between customers, permitting them to construct actual connections by widespread experiences within the digital world. In right now’s more and more digitized setting, this affords a promising method to battle loneliness.



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Tags: AnnouncesDeclineFacesHamsterIntegrationKombatMarketNFT
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