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NFT News June 8, 2022

Terraforms by Mathcastles Are Floored at $584 Right Now

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The Terrforms Collection by Mathcastles is currently performing quite well, comparatively speaking. On OpenSea and on their own website, things look to be very stable at the time of this writing. These NFTs are a kind of tapestry based, landscape forms NFT with a following among certain collectors. They look a lot like Central American wall decorations and can be found in a range of different abstractions. They are sometimes colorful, but more often than not they are a little more muted.

Valuations

They currently have an over 7 million dollar market cap, and that seems to be holding at the current climate. Things have been very smooth according to charts on the various analytical websites, but the NFT market is very volatile at the moment and anything could happen. The onchain land art is nevertheless very popular and minimalist.

 

 

 

 

You can see that the style is very distinct and surreal, just like an actual topographical picture of an area. Some people really go for this kind of stuff, and I’ve even seen one in a client’s office recently. He was an architect and told me that he really appreciated the stylistic choices that the developers put into the pieces.

 

 

 

 

 

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading. He started writing about the Metaverse, as he thinks its the future of everything AI related.

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Volume of NFTs is Down Nearly 100% From Beginning of Year

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It should come as no surprise that the volume of NFTs has plummeted since the beginning of the year. But what you may not know is just how bad it really is, or how bad it may yet become if things don’t turn around soon. Certainly, and we’ve written before about this, there are bright spots that suggest the valuations will turn around. However, we aren’t entirely convinced that things are going to turn around anytime soon. In this article, we will be taking a closer look at the recent assessments of the market offered by some of the sources we have.

 

The Scoop

Ironically, in spite of the monumental and historical decline in the valuations of NFT this year, the production and creation of new NFT projects hasn’t slowed down in proportion to the decline. This isn’t exactly a surprise considering the draw NFTs have in the overall market of entrepreneurs. What we mean is that many investors are trying to “buy the short” as it were.

They are trying to produce more NFTs that may grant them a lot of profits once, and IF, things turn around for the market. For example, as many as 15 new collections A DAY are being added to OpenSea and other platforms, and this marks a stabilizing trend in a market that is seeing an incredible decline.

 

The News Take

“Through the uptrends and downtrends, OpenSea has maintained its lead when it comes to NFT trading. It has made its mark as the first major NFT trading platform in the space and as such remains highly favored among investors. The addition of other networks such as the Solana network has also helped grow its popularity in the market. This does not mean that the marketplace is without competition though.” -Bitcoinist

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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Certain NFTs Are Lifting The Gloom Despite the “Winter”

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Lately, there has been a not-so-subtle downturn in the profitability of NFTs and crypto-currencies, and everyone is watching. However, there is some good news circulating around the subject. If fact, NFTs, or a certain type in any case, are seeing a turn around. Specifically, a type of NFT called generative NFTs seem to be braced from the worst of the frost that has bitten the entire market. In this article, we will be describing the nature of the generative NFTs and how they have actually braced themselves against the downturn.

 

The Scoop

The sales of “generative art” have skyrocketed over the past few weeks, and several prominent collections have seen an even larger break than they enjoyed previously. An important factor in the recent uptick in sales for some of these collections was William Mapan’s Anticyclone, which minted initially at 0.75 ETH when it was revealed on the Art Blocks platform on Apr. 29.

The rock bottom price for one of the 800 generative art piece NFTs steadily rose through the month of June, and the lowest artifacts are now priced at 5.4 ETH on the secondary market. In terms of the dollars, the floor price has risen from around $2,100 to $5,800.

 

The News Take

“Anticyclone lives on the Ethereum blockchain, but like many other generative artists, Mapan got his start in the NFT space on Tezos. Following the rise in popularity of Anticyclone, Mapan’s Dragons collection saw a parabolic price rise on fxhash, Tezos’ equivalent to Art Blocks. The cheapest Dragons are currently priced at around 1,700 XTZ after trading under 100 XTZ at the start of the year.” -Crypto Briefing

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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NFTs Are Being Scrutinized by Euro Union Lawmakers Today

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NFT trading platforms are, and always have been, under a high degree of scrutiny, but today they even more criticism under new EU legislation. Members of the European Parliament issued a litany of new pieces of law that may place NFT platforms in jeopardy this weekend. Politicians and legislators belonging to the Green Party as well as the new socialist representatives are in high spirits concerning the state of crypto wallets and NFT markets, mostly because they see these new legislative acts as a win for the restrictive policy makers.

 

The Scoop

The Green Party and their representatives Ernest Urtasun and Kira Marie Peter-Hansen, have proposed an amendment to certain policies concerning crypto and NFTs. Additionally, socialists Aurore Lalucq and Csaba Molnár are interested in making NFT platforms  “obliged entities” under EU money laundering law, according to the document dated June 22.

What this means for big companies like OpenSea and Crypto.com is that they might have to balance and reexamine the risk of illicit financial instruments for which they provide a platform.

 

The News Take

Today we put order in the Wild West of crypto assets and set clear rules for a harmonized market. The recent fall in the value of digital currencies shows us how highly risky and speculative they are and that it is fundamental to act. -Stephen Berger

 

MetaNews is your number one resource for information on the Metaverse and the markets. We deliver the relevant news, every day. Don’t forget to check us out on Twitter! @metanews_com. Our staff of expert researchers and copywriters are dedicated to bringing you the latest, most relevant information from all over the Metaverse and its affiliated properties. From commerce and finance, to technology and interconnectivity, MetaNews produces well researched, accurately sourced articles on a daily basis.

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