The non-fungible token (NFT) market is up 12.5% over the past 24 hours. It now stands at $39,251,556.
Buyers and sellers are both up around 2%, while transactions are down 10%.
Among the top 10 collections by sales volume, CryptoPunks made the NFT news rounds and took the first spot with over $3.5 million.
The second-placed Ordinals are up 101% to $2,175,912, according to CryptoSlam.
And despite this massive rise, Ordinals are not the day’s best performers. Magic Ticket: Normie is up 690% to $620,961. GBTS BRC-20 NFTs and Doodles are up 567% and 392%, respectively.
Froganas and Gas Heroes Common Heroes are making NFT news rounds in red, dropping 6% and 3%, respectively.
Today in NFT news, read about the Magic Eden-backed Non-Fungible DAO, CryptoPunks relaunching its CryptoPunks721 wrapper, and iSHANG and Earth Exchange’s NFT staking program for environmental sustainability.
Non-Fungible DAO (Decentralized Autonomous Organization) introduced itself on Monday. It said that would be a community-owned, decentralized organization.
Its mission: to develop and drive adoption of the protocols that will power the future of NFT commerce.
While digital asset adoption is still in its early phases, the future will see most of the world interacting with NFTs every day, argued the team.
Non-Fungible DAO owns and governs open-source technologies for NFTs across major chains. This includes smart contracts originally developed by the Magic Eden marketplace on four chains: Solana, Bitcoin, Ethereum, and Polygon.
Magic Eden commented, saying it would be open-sourcing and contributing its trading and minting protocols to the DAO.
Decentralization is essential to the global adoption of NFTs. Magic Eden will be open-sourcing and contributing all of its
Read more on cryptonews.com