NFT Market Rebounds

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This Week's Low-Down:

• 🚀 NFT Market Rebounds in October Amid Crypto Price Surge

• 🏎️ ‘Rave’ Shifts Gears to Immutable zkEVM for NFT Racing Experience

• 🧩 Solana Labs’ ‘GameShift’ Unites Gaming Developers and Web3

• Audius Revolutionizes the Music Scene with New Marketplace (Bitcolumnist)

• Amazon Is Giving Away Free Gaming NFTs—Here's How to Claim (Decrypt)

• ‘India Blockchain Week 2023’ to Stimulate Web3 Innovation (NFT Plazas)

• OpenSea Reduces Headcount by 50% Amid Preps For Version 2 (Bitcolumnist)

• ANZALI Sets the Standard for NFT Tracking and Insights (NFT Plazas)

• Aragon Association Dissolves, Returns $155M to Token Holders (Bitcolumnist)

• 'Elemental Knights' Spinoff Leads New Games Coming to Immutable zkEVM (Decrypt)

• L1 Blockchain ‘Bluzelle’ to Empower the Creator Economy (NFT Plazas)

• Backpack NFT App Announces Release of Regulated Crypto Exchange (Bitcolumnist)

• MetaMask and Deadfellaz Together Launch InfectedS3 (Bitcolumnist)

• Explore FinTech’s Tomorrow at ‘Wiki Finance EXPO Sydney 2023’ (NFT Plazas)

• MetaMask Rolls Out Security Alerts to Safeguard Billions in Assets (Bitcolumnist)

• ‘Adidas x Crazyfast Bugatti’ Football Boots Step into the Future (NFT Plazas)

Trending Collections on OpenSea:

• ANOMALY A.I. by Star Im [Floor Price - 0.03 ETH]

• Nounish Punk [Floor Price - 0.06 ETH]

• The Chimpsons Official [Floor Price - 0.01 ETH]

NFT Market Rebounds in October Amid Crypto Price Surge

NFT trading volume saw a significant increase of $99 million in October, reaching $405 million, marking the end of a year-long downward trend.

• The NFT trading volume boost coincided with a rise in Bitcoin's price, which hit its highest in 16 months, possibly influenced by expectations of a U.S. Bitcoin ETF approval.

• On top of that, the Solana network experienced a 15% growth in NFT trading volume and a 65% surge in its price in October.

• Despite a rebound in the NFT market, OpenSea confirmed layoffs affecting about half of its workforce due to organizational changes.

‘Rave’ Shifts Gears to Immutable zkEVM for NFT Racing Experience

‘Rave - Race on Venom’ announces a strategic move to build its virtual NFT car racing platform on the 0xPolygonLabs-powered Immutable zkEVM.

• Reviral Studios, the team behind Rave, is set to lead the gaming future by ensuring players have genuine ownership of their in-game assets and experiences.

• The Rave universe aims to replicate the thrill of real-life car racing, enhanced with the unique benefits of NFT technology.

• Through the innovative use of blockchain, Reviral Studios also pledges to create captivating gaming worlds that offer players not only entertainment but also tangible value.

  

  Solana Labs’ ‘GameShift’ Unites Gaming Developers and Web3

  Solana Labs launches GameShift on beta, streamlining Web3 gaming development on Solana's blockchain with partners like Crossmint and Coinflow.

• Solana Labs’ GameShift offers a simplified, Web2-friendly API for seamless integration of blockchain features into video games.

• The platform aims to lower the entry barrier for game developers and players into the Web3 space with user-centric designs.

• Additionally, it enables in-game asset trading and transactions via traditional payment methods, bypassing the need for cryptocurrency knowledge.

• NFT minting on GameShift also notably costs just a fraction of a penny.

Today's edition was written by Leah Alger.

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