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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

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...
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Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

Last week, non-fungible token (NFT) sales remained unscathed while crypto asset spot markets were dismal. However, a week later, NFT sales have dropped 13% to $800 million in sales over the last seven days. During the past week, NFT sales on the Ethereum blockchain have slipped 11.78% but Ronin blockchain-based NFT sales (Axie Infinity) dropped 47.83%.

Weekly NFT Sales Slide Lower, Axie Infinity’s Ronin Sales Shed More Than 47%

Statistics over the last seven days show that NFT sales are down across the 12 blockchains that produce NFTs. Cryptoslam.io shows that weekly NFT sales dipped 13% and the leading blockchain network Ethereum’s NFT sales slipped 11.78%. The second-leading blockchain in terms of NFT sales, Solana, saw its sales decrease by 16.87% during the last seven days. The third-largest blockchain network for NFT sales, Ronin, shed 47.83% this week and Flow blockchain NFT sales increased by 10.18%.

Weekly NFT Sales Drop 13% While Crypto Prices Rebound From Market Rout

24-hour NFT marketplace metrics from dappradar.com indicate that the NFT market Looksrare is dominating with $645.81 million in sales, and Opensea has processed $157.34 million this past week. Solana’s Magic Eden NFT marketplace saw just over $10 million in NFT sales volume. The most expensive NFT sale during the last seven days was Meebit #10067 when it sold for 11,880 ethereum or $29.05 million. While the Meebits collection was the top NFT compilation in terms of sales for the last two weeks, that’s not the case this week.

Azuki NFT Compilation Takes Top Sales This Week, Cryptopunks Sales Spike 197%

Over the last seven days, the Ethereum-based NFT compilation Azuki took the week’s top sales. Azuki captured $76.4 million in the last seven days in terms of NFT sales, and Bored Ape Yacht Club (BAYC) took the second position with $58.6 million in sales. Cryptopunks held the third position this week with $54.6 million. Azuki’s weekly sales jumped 1.23%, BAYC saw a 25.99% increase, and Cryptopunks sales spiked 197.56% over the last seven days.

BAYC’s sister project, Mutant Ape Yacht Club (MAYC), saw $41.9 million up 21.46% this past week and Clonex commanded $39.1 million in NFT sales. Sales stemming from the blockchain network Binance Smart Chain (BSC) jumped 206% over the last seven days. Besides Meebit #10067, the NFT dotdotdot 4646 sold for over 5,000 ether or $13.35 million nine hours ago, and Cryptopunk #3783 sold for $1.12 million or 450 ether.

What do you think about the last seven days of NFT sales? Let us know what you think about this subject in the comments section below.

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