Donald Trump, FIFA and Megadeth NFTs, trading volume approaches $1B: Nifty Newsletter
In this week's newsletter, read how Mission Token (NFT) trading volume approached $1 billion in November and see new NFT releases from former US President Donald Trump, FIFA and heavy metal band Megadeth. In other news, find out why NFT Platform Engine has transferred 200 million NFTs from Ethereum to its own blockchain. And don't forget this week's Nifty News featuring Funko and Disney NFTs.
NFT trading volume nears $1 billion as markets soar: Report
NFTs may be making a comeback as their turnover nearly reached $1 billion in November. According to data tracking site Dapradar, the volume of NFT trading has changed in the past month, growing by 125 percent. This shows that there is a change in user behavior around NFTs.
In addition, the average price of NFT transactions increased by 114% in the last month. The average price of the benchmark NFT transactions rose from $126 to $270.
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The former president of the United States, Donald Trump, launched an NFT drop with the theme “MugShot”.
Former US President Donald Trump is launching another NFT drop called the Mugshot. The collection will be themed around the former president's ongoing criminal charges.
Users who wish to acquire NFTs can use their credit cards or Wrapped Ether (wETH). However, even if collectors buy using crypto, they are required to provide their Know Your Customer information.
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Thrash-metal band Megadeth will launch a NFT collection and balanced community
American thrash-metal band Megadeth has recently announced the release of an NFT collection that will give fans an exclusive chance to experience the legendary band both in person and on the Metroverse.
The team announced the move on X (formerly Twitter) and said it will feature its digital mascot, Vic Rattlehead. Megadeth revealed that the collection will have 5,000 pieces.
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FIFA will launch an NFT collection for the 2023 FIFA Club World Cup
Fédération Internationale de Football Association (FIFA), the governing body of international football competitions, will launch the NFT collection ahead of the 2023 Club World Cup in the Kingdom of Saudi Arabia.
According to FIFA, the set will offer 100 NFTs, which will give holders access to FIFA World Cup 2026 final tickets. In December, 900 other digital collections will be released on the Polygon blockchain and OpenSea.
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Engine migrates more than 200 million NFT from Ethereum to the blockchain
Engine has migrated 200 million NFTs from Ethereum to its main network, Engine Blockchain. The platform has sent more than 118 million NFTs hosted on Ethereum and 101 NFTs on the Ethereum sidechain to the Engine blockchain.
By eliminating the huge gas fees on Ethereum, the platform took a snapshot and allowed its users to claim their NFTs in their wallets instead of forcing them to burn ETH-based NFTs.
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Nifty News: Funko's Disney NFTs, Sotheby's Auction Bitcoin Ordinals Project and more
Toy manufacturer Funko has teamed up with Disney to release NFTs that transform the popular Funko Pop! Images into digital tokens in the WAX blockchain. Meanwhile, Solana and Bitcoin are making strides in terms of sales volume, bringing competition to an industry dominated only by the Ethereum network.
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Check out the Cointelgraphs NFT SteEZ podcast
Thanks for reading this roundup of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
