Avalanche NFTs

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

• 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]

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.

• 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.

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.

• 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.

• 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.

Today's edition was written by Leah Alger

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