Samurai NFTs will fly with Japan Airlines, Solana, and slow down
Japan Airlines NFTs can turn you into a samurai.
Airline group Japan Airlines is dipping its toes into non-fungible tokens (NFTs) in partnership with market firm Hakuhodo on a project called Kokyo NFT.
In the year
The collaboration aims to convert local practices and real-world assets (RWAs) into NFTs. The companies continue to discuss how to build a “value creation story” that will make inbound and domestic visitors enjoy their in-country experience.
Amazing news!! Japan Airlines (JAL) issues NFT on Astar zkEVM.
The facilities are one of the best ever. NFT holders get access to special experiences not normally available with standard tour guides. See more from https://t.co/oZt4jJ9Avs
— Sota Watanabe (@WatanabeSota) February 5, 2024
The project's website also highlights that it aims to help landowners “develop deeper connections with local communities”. This includes becoming part of a samurai family and being immersed in samurai culture and traditions while staying in a traditional samurai home.
NFTs outperformed Ether in January
Meanwhile, the NFT indices show that the position of digital collectors exceeded Ethereum's gains in January, the highest blockchain volume of all time for NFTs.
On-chain insights platform Nansen NFT-500 index showed a 9.35% increase in data from January 1 to January 31. The blue chip NFT index of the analytics platform also showed a similar growth of 9.76 percent.
According to data from Cointelegraph, Ether (ETH) went from $2,238 at the beginning of January to $2,291 at the end of the month. This represents a 2.3% gain for the crypto asset over the entire month.
Related: GoDaddy to Charge $0 for ENS .eth Name Pairing
Blue chip Solana NFTs slow down
In the year In 2023, the Solana network surpassed the Ronin blockchain in all-time NFT sales volume, taking the second place on the platform among the top NFT blockchains. This makes Solana second only to Ethereum in terms of total NFT sales.
The network continues to compete with Ethereum and Bitcoin in terms of NFT sales, with blue chip NFT clusters such as DeGods and Tensorians. However, the data suggests that blue chip Solana NFTs have been on a slow decline since December.
Solana NFT data tracker SolanaFloor shows that the blue chip Solana index peaked on December 26, 2023 and has been steadily declining since then. Meanwhile, the overall floor price and volume of blue chip NFTs on Solana showed a similar downward trend.
Other good news:
Solana NFTs are not alone. As previously covered by Cointelegraph, Bitcoin Ordinals also saw a sell-off in January. Normalized 30-day sales fell to $335 million in December 2023 from $868 million in January. NFT book author Andy Lean believes that oversaturation of the NFT market may be the cause of the crash.
Magazine: ‘Treat your first NFT purchase as your first day' – NFT collector Suzanne.
