- NFT Lately by Bitcolumnist
- Posts
- Avalanche NFTs
Avalanche NFTs
Inscription tokens reshape Avalanche, Starbucks Korea crafts eco-friendly coffee NFTs, and Sotheby's hits $35M in digital art sales.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ea3cd85d-df1a-445d-8f97-f1cee59d6f1e/NFT_Lately_by_Bitcolumnist.png)
gm! Spreading Christmas cheer in the NFT world…
May your wallets be merry and bright! 🌟🎅
This Week's Low-Down:
🚀 Inscription Token Transactions Reshape the Avalanche Ecosystem
☕ Starbucks Korea Brews NFTs for Eco-Friendly Coffee Lovers
🎨 Sotheby's Surpasses $35M Milestone in Digital Art Sales for 2023
![What's Happening Header](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/bba8668c-8b86-48de-8cf0-c986b6d36460/NFT_Lately_Header_What_s_Happening__2_.png)
Square Enix Releases Symbiogenesis Chapter 1 (Bitcolumnist)
Fresh Batch of Free Gaming NFTs Now Available on Amazon Prime (NFT Plazas)
Paxos Gets a Go Ahead to Expand Into Solana (Bitcolumnist)
NFT Gag Gifts: From Rugrats to Stoner Cats (and Trump Too) (Decrypt)
Paxos Gets a Go Ahead to Expand Into Solana (Bitcolumnist)
Illuvium’s ‘Mint 1 NFT Get 1 Free’ Third Anniversary Celebration (NFT Plazas)
Warlords NFTs Make $4.5 Million in Secondary Market (Bitcolumnist)
Yuga Labs Introduce New CryptoPunks Wrapper To Simplify Trading (NFT Plazas)
Base Blockchain Gets Its Own Song and Mints First Single as NFT (Cointelegraph)
Sound.xyz Now Offers Artists Rewards on Every Music Mint (NFT Plazas)
The Top Bitcasino Alternatives in 2024 | [Rated & Ranked] (Bitcolumnist)
Ubisoft’s Free Champions Tactics ‘Warlord NFTs’ Amass $4.5M+ (NFT Plazas)
How AI and Machine Learning Help NFT Market Combat Wash Trading and Counterfeits (Cointelegraph)
Ledger Address Security Breach, Commit to Clear Signing by June 2024 (NFT Plazas)
Trending Collections on OpenSea:
INSC(ins-20) [Floor Price - 0.07 ETH]
Moonbirds [Floor Price - 1.32 ETH]
Azuki [Floor Price - 6 ETH]
![Divider](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/79544e6e-2bda-4b93-a4a2-b251b29e65b2/NFT_Lately_Divider__2_.png)
Inscription Token Transactions Reshape the Avalanche Ecosystem
Avalanche (AVAX) experiences an extraordinary surge in transaction fees, totaling $13.8 million over five days, primarily driven by the minting of inscription-based tokens and NFTs.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/552c0b93-84a8-4b26-aa41-03a0ca0bad76/image.png?t=1703610364)
Inscriptions, a cost-effective solution for token creation, gained popularity across blockchain ecosystems, with AVAX standing out in terms of cost efficiency.
Avalanche's daily transaction fees reach $5.6 million, accounting for approximately 70% of fees across the blockchain ecosystem, drawing significant attention.
The platform ranks third in inscription-related transactions, processing 61 million in total, and hosts over 1,160 inscription collections, indicating its growing prominence.A record-breaking surge in burnt AVAX tokens, amounting to $16.7 million in a week, highlights the impact of inscription-based transactions and their role in shaping decentralized ecosystems.
![Divider](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/79544e6e-2bda-4b93-a4a2-b251b29e65b2/NFT_Lately_Divider__2_.png)
Starbucks Korea Brews NFTs for Eco-Friendly Coffee Lovers
Starbucks Korea plans to issue NFTs on Polygon in January 2024, rewarding eco-friendly actions with limited-edition digital treasures.
Starbucks Korea is promoting the use of personal cups using NFTs. Just launched the program on @0xPolygon
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal)
7:17 AM • Dec 22, 2023
Customers can earn "eco-stamps" by buying eligible drinks to exchange for limited-edition NFTs.
The Starbucks NFTs are a collaboration with South Korean art platform Print Bakery and NFT artist DADAZ.
Starbucks will host an in-store exhibition in Seoul's Starbucks Reserve to showcase the NFTs and sustainability efforts.
Complimentary beverage vouchers for reusable cups will align with NFT rewards in Starbucks Korea's green campaign.
Sotheby's Surpasses $35M Milestone in Digital Art Sales for 2023
Sotheby's achieved nearly $35 million in digital art sales in 2023, marking a significant year for the auction house's digital art endeavors.
Sotheby's goes digital big time: $35M in art sales in 2023!💥 The art world's getting a techy revamp. 👇
bnnbreaking.com/arts/artists/s…
— mazzi (@mazzi_eth)
10:06 PM • Dec 25, 2023
This year, Sotheby's hosted its inaugural live digital art auction, generating $12 million in sales and attracting 300 attendees.
The auction house set a new fee record for digital artwork, selling Dmitri Cherniak's NFT "Ringers #879" for $6.2 million.
Sotheby's conducted over 25 auctions featuring digital art exclusively or as part of contemporary art sales.
The company also launched its own on-chain NFT marketplace called Sotheby’s Metaverse and plans to support creators and enhance their primary market strategies in the coming year.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/f17aed49-b8fb-4a1e-8029-84ec6f2bcefa/image.png)
Today's edition was written by Leah Alger