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What does CHZ, MANA, and ENJ’s network growth say about the NFT space?

Social analysis has been a good way of underlining the market trend and predicting which tokens or alts are carving a niche for themselves. Lately, the altcoin space saw a good run with many anticipat

The post What does CHZ, MANA, and ENJ’s network growth say about the NFT space? appeared first on AMBCrypto.

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Social analysis has been a good way of underlining the market trend and predicting which tokens or alts are carving a niche for themselves. Lately, the altcoin space saw a good run with many anticipating an altseason. Alas, it hasn’t shown up, at least not yet.

However, one space that saw a lot of action was the NFT market space, with the three biggest ERC20 NFT “Blue Chips” – Chiliz, Decentraland, and Enjin – making some great moves. 

The DeFi space has been on fire since the beginning of 2021, with the ecosystem showing few signs of slacking off. It recently achieved a new milestone with its total number of unique addresses finally hitting the 3 million mark. In fact, the total market capitalization of the top 100 DeFi tokens began to rapidly increase in mid-January and peaked in mid-May prior to the market sell-offs. 

Additionally, “DeFi” on Google Trends produced interesting spikes that followed, more or less, the same chart as DeFi’s cumulative market cap. Many experts are of opinion that DeFi’s rise has helped nonfungible tokens (NFTs) become more liquid, allowing users to view them as a more realistic investment opportunity. 

Source: CoinGecko

What’s happening with the NFT Blue Chips?

Chiliz, Decentraland, and Enjin saw almost coordinated price movement with CHZ being up 35% from the bottom and MANA up 70%. Notably, Chiliz saw a 3,690% surge in price between February and March. Likewise, ENJ dramatically spiked from $0.5 in February to $3.2 in April. 

More recently, DeFi was in news again after Jack Dorsey’s announcement of Square launching a business dedicated to “decentralized financial services” using Bitcoin. Many in the space have also correlated the rise of NFTs as proof of how this area of finance might lead to promising developments such as Web 3.0 adoption. 

The three tokens in question saw a decent surge in terms of active addresses. A strong spike in the middle, on 30 June, related to the UFC token release on Chiliz put the altcoin in the lead in terms of on-chain address activity. The other two gained by around 30% around the same time. At the time of writing CHZ’s active addresses registered a healthy spike too. 

Even though metrics like active addresses and whale accumulation painted a nice picture for these three alts, network growth seemed to present a worrisome narrative. As did trade volumes since they were diminishing as well. Most notably, there were more active whales in CHZ than in MANA and ENJ, even though CHZ whales’ activity seems to be declining. Its network growth almost standing still while the price surged underlined the lack of confidence in the network’s strength. 

This slowing down of network growth across the DeFi board can perhaps be attributed to the many hits faced by the network of late. Recently, the DeFi Education Fund announced the liquidation of half of the one million UNI tokens donated to it through UNI governance. Likewise, cross-chain bridge ChainSwap was hit by a second exploit in eight days, just a week back. 

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Source: https://ambcrypto.com/what-does-chz-mana-and-enjs-network-growth-say-about-the-nft-space

Blockchain

World-Renowned Photographer Christina Jansen to Release First Muhammad Ali Digital Collectibles with dMerch.io

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Never Before Seen Photos of “The Greatest” Available for Digital Collection on the WAX Blockchain

The Worldwide Asset eXchange (WAX) is partnering with world-renowned photographer Christina Jansen and Dublin-based NFT agency, dMerch.io to bring to life the Muhammad Ali Series 1 digital collection. The collection contains 136 unique digital collectables, all showcasing the vibrant personality of Ali himself and will be available on WAX blockchain starting on August 10, 2021 at 1pm EST / 10 am PST.

Throughout his iconic 21-year professional career, Ali was unconventional and incredible for the world to watch. He was an Olympic gold medalist, accumulated 56 victories, and was the first boxer in history to claim the heavyweight championship belt three times.

In 1986, Jansen and Ali met for the first time at a commercial shoot at Fulham Studios. Instantaneously, the duo connected, and Jansen admired Ali’s humble nature. Since her encounter with Ali, Jansen has gone on to photograph celebrities, athletes, and fashion icons.

“Photographing Muhammad Ali was one of the most inspiring jobs I have ever had. Over a period of two weeks on and off the set I witnessed how he treated everyone who approached him the same. It didn’t matter to Ali where you came from or what you did. I felt so blessed to have the chance to talk to him and get to know this great man like a close friend.  Ali told me his Philosophy in life – If you reach for the moon you might end up next door, but if you reach for the stars you will get to the moon. He encouraged me and others to reach for their goals and not be afraid to take risks in life,” said Jansen.

Adam Bouktila, COO for dMerch, praised Christina’s photographs which have not been seen by a wider audience:

“This collection is amazing for the close connection between Ali and his photographer. These are not paparazzi shots taken at random. These are beautifully crafted images taken over a two-week period where subject and artist forged a close and powerful connection. The connection makes the images come alive.

“And with NFT technology we can now share these images with the world. As a Mohammed Ali fan this is a huge privilege for me to be involved in this project.”

Since his passing in 2016, Ali’s life and love for mentoring others will be revealed through Jansen’s intimate, never-before-seen photographs for fans to collect and enjoy as digital collectibles on the WAX Blockchain. In her very first WAX collection, Jansen will offer the proceeds of an extremely special “Boxing Futures” pack featuring a single, ultra-rare Muhamad Ali digital photograph to aid Boxing Futures, an organization that aims to help disadvantaged youth by providing a safe space for them to improve their physical and mental health through boxing all while learning to build relationships and find motivation.

“This collection is both a personal and professional triumph that allows us to give back to a deserving group and pay homage to Muhammad Ali’s legacy,” says Jansen.

The intimate photos of the boxing superstar will be available in six (6) ring-worthy rarities, including:

  • Classic
  • Negative
  • Gallery
  • Photographer
  • Championship
  • Behind the scenes

As a special thank you for their support of the collection, Championship card buyers will be automatically entered into a randomized drawing for a chance to claim one (1) of (3) unique physical prints.

The Muhammad Ali Series 1 digital collection will feature 5,000 Classic Packs, 3,000 Photographer Packs, and 1,000 Boxing Futures Packs and are available in the following sizes:

  • Classic Packs containing 5 digital collectibles for $19.99
  • Photographer Packs containing 25 digital collectibles for $49.99
  • Boxing Futures containing 1 digital collectible for $9.99

There will be a “stress test” prior to the official launch day on August 9 at 1pm EST / 10 am PST. Fans can sign-up through the official WAX Discord and will receive a free promo-pack as a “thank you” for participating.

About WAX
The Worldwide Asset eXchange™ (WAX), is the world’s #1 blockchain, as measured by number of users and transactions, according to Dappradar.com. WAX’s mission is to bring digital collectibles to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace in the world. WAX is also the leading entertainment digital collectibles network — in 2018, WAX introduced vIRLs®, giving consumer product companies the ability to directly link digital collectibles to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer. For more information, please visit https://wax.io and follow along on Twitter and Discord.

About Boxing Futures
Boxing Futures is a dynamic charity which works to improve the physical and mental health and wellbeing of disadvantaged young people. We empower young people by building positive relationships, developing core soft skills and increasing confidence and motivation.

###

Media Contact:

[email protected]

Source : Plato Data Intelligance

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Blockchain

Meat Food Production Giant Oscar Mayer Auctions Disposable Packaging “Hot DOGE” Wiener

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An American meat and cold cut production company Oscar Mayer, owned by the American food giant Kraft Heinz, used the eBay e-commerce platform to auction a single package of “Hot Doge Wieners” worth 10,000 Dogecoins. (Read More)
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Source: https://Blockchain.News/news/meat-food-production-giant-oscar-mayer-auctions-disposable-packaging-hot-doge-wiener

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Blockchain

NFT Trading Platform Giant MakersPlace Completes $30M in Series A Financing

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Non-Fungible Token (NFT) trading platform MakersPlace announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial. (Read More)
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Source: https://Blockchain.News/news/nft-trading-platform-giant-makersplace-completes-30m-series-a-financing

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Blockchain

Burberry Cooperates with Mythical Games to Launch the First NFT in Blankos Block Party Game

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The famous British luxury brand Burberry cooperated with Mythical Games to launch its first non-fungible token (NFT) series that provide players with the verification of ownership and real rights. (Read More)
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://Blockchain.News/news/burberry-cooperates-mythical-games-launch-the-first-nft-blankos-block-party-game

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