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NFT Journal: Chapter 32

It is with great delight that we welcome you to the NFT Journal’s thirty-second edition.

Breaking The Bias with NFT 👭

Breaking the Bias, the theme of the just concluded International Women’s Day was chosen to empower women to break the Bias that exists against women in numerous fields.

To commemorate this annual celebration, several NFT collections were minted to honor the contributions of women to society. Celebratory events were also held while a list of women massively contributing to the NFT space was NFTily curated.

In addition, Sandbox, a popular Metaverse game, partnered with Women of World NFT to launch the Women of World Foundation, which will give financial and technical support to advance the cause of women in the fast-growing NFT industry. As a result of this partnership, the Women of the World Academy, a WoW Museum, and several other platforms will be established to disseminate NFT expertise to women.

Lastly, Dr. Angela Tan, a Singaporean sex coach, teamed with artist MOKO to create a Womb-themed NFT named #CelebrateWomb in honor of International Women’s Day. The NFT collection consists of a Floral Matrix and Womb of Life collectible, depicting a significant meaning. A portion of the royalties will be donated to a non-profit organization.

What’s New in the NFT industry? 🎨

Limewire, a defunct P2P music-sharing network, was given new life through its NFT marketplace for art and entertainment assets. It will also issue its token, termed LMWR. It will also issue a token known as LMWR. Once launched, this rebirth of the NFT platform will present countless opportunities for artists, content creators, and NFT holders.

Similarly, a public investment firm acquired an NFT start-up called Otis to help establish an investment platform that enables modern portfolio and fractional investment.

Also, at the next Southwest conference and festival, Kreatr, a creator-centric physical NFT marketplace driven by AI, will be unveiled. With Kreatr, artists and creators can tokenize their artworks and exchange them in various ways using the platform’s versatile features.

Market Roundup 🚀

Opensea, as usual, takes the top spot on the NFT marketplace ranking list, with a sales volume of $426.72million. LooksRare and CryptoPunks came in second and third on the list with $413.42million and $28.95million sales volume. They were followed by, BloctoBay, which earned $17.7million in sales revenue. Axie Infinity is at the bottom of the list, with $8.76million in sales.

With a sales volume of $216.22 million, Terrafoams by Mathcastle remains the top NFT collection. Meebits came in second with $96.88m. Invisible Friends and 3Landers are third and fourth on the top 5 list, with $55.87 million and $36.29 million, respectively. Bored Ape Yacht Club came in last on the list with $31.57 million in revenue.

Three Terrafoams by Mathcastle collectibles were the top three most expensive NFTs sold last week, which is why the collection retained its topmost position from last week. Meebits #1657 was sold for $785,578 and ranked fourth on the list. The last is Bored Ape #3666, with a sales price of $634,996.

On the investment front, the Layer 2 platform Immutable X was recently valued at $2.5 billion after securing $200 million in its recent funding round.

About NFTY Labs

NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.

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NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs.

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