On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
From NBA TopShots to Hashmasks to CryptoPunks, collectible NFTs are selling like hotcakes.
Non-fungible token sales are booming and top marketplaces are seeing record volume levels.
The milestone was noted by crypto asset investment firm Paradigm co-founder Matt Huang, who posted a screenshot from NFT marketplace and data tracker CryptoSlam.
CryptoSlam also reported that a large portion of trading is now taking place on secondary markets indicating that crypto collectibles are changing hands more often.
Over $100M+ in crypto collectibles (NFT) sales, last 30 days pic.twitter.com/72VTwc5Hg7
— Matt Huang (@matthuang) February 16, 2021
CryptoSlam reports that NBA Top Shot, a basketball based collection launched in October 2020, is the top-selling NFT platform with $5.8 million shifted over the past 24 hours and a whopping $68.5 million over the past 30 days.
Top Shot represents the first time the NBA has entered into a licensing deal backed by blockchain technology. Speaking to ESPN, NBA associate vice president for licensing, Adrienne O'Keeffe, said;
“Blockchain is unique. It can deliver value to intellectual property owners downstream. We do believe blockchain technology has staying power and a lot of promise for our business."
Hashmasks and CryptoPunks are second and third in terms of sales according to the NFT data provider. Switzerland-based Hashmask hosts a collection of unique digital portraits created by a collective of over 70 artists. Over $8 million worth has been sold over the past seven days, and a rare one went for $650k in ETH earlier this month.
CryptoPunks are 24x24 pixel art images generated algorithmically and sales are through the roof with $1.5 million shifted over the past 24 hours and $13.4 million over the past week according to CryptoSlam. One of the pixelated pictures sold for a whopping 605 ETH in late January.
Virtual land sales are also booming and an NFT for plots in the Axie Infinity metaverse went for $1.5 million on Feb. 8, making another new record.
According to The Defiant, citing data from Dune Analytics, NFT marketplace SuperRare recently broke $10 million in total sales volume, with around 22% of this being secondary sales.
The leading marketplace for NFT resale, OpenSea, saw an increase of 400% in volume for February as it surged from $8 million to $32 million.
Nifty Gateway is the leading crypto art marketplace and its volumes are on track to break the previous thirty-day record of $8.7 million. So far this month, Nifty has notched up over $6 million in NFT sales.
The top 17 highest-priced crypto collectibles have all been sold in the past 30 days for a combined value of more than $100 million.
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