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Top Trending NFTs

Reddit, a popular social media site known for its part in the GameStop stock squeeze, is now having a similar impact on the adoption of non-fungible tokens (NFTs). Over 3 million Polygon wallets have been established by users, the bulletin board software reported last week. As a result, Reddit’s Collectible Avatars NFTs saw an 800% increase in secondary market sales over the previous week. Our ranking of the top NFTs of the week is headed by Spooky Season, the most recent NFT release that has sold out among Reddit users.

KEY TAKAWAYS

Spooky Season NFT sales increase as Reddit gains millions of new users.

• With its spooky Halloween characters, Dreadfulz soars up the NFT sales charts.

• The Kilton Hotel is where Killabears wants holders to “Stake-cation” and earn.

Spooky Season

As part of the social media platform’s expansion into NFTs and avatars, Reddit user Poieeeye has produced a new collection of avatars called Spooky Season. With a base price of 0.17 ETH ($260), Spooky Season has been a major hit with message board users, selling almost 1,500 avatars for $1.4 million. Reddit’s Collectible Avatar sales on the secondary market have increased by 800% during the last week.

With millions of users joining the network and trying to personalize their avatars, Reddit’s new digital artifacts have been a revelation. Twitter and Meta Platforms have attempted to win over users to NFTs, but it appears that Reddit may have discovered the ideal blend of social media and

Nouns

The Ethereum-based collection Nouns focuses on an avatar concept. The collection’s sales increased by 488% to $430,000 in the previous 7 days.

The collection’s most intriguing feature is that each NFT is only released once during the course of a 24-hour period, which the initiative claims will last forever. Because of this, there is now only one Noun sold each week, at a cost of $70,000. The NFTs, according to the Nouns development team, are an experiment to better the on-chain avatar communities’ present status.

The project’s website reads, “Nouns try to bootstrap identity, community, governance, and a treasury that can be used by the community. Cryptopunks have sought to bootstrap digital community and identity.

Top Trending NFTs

Dreadfulz

Before Halloween, sales of Dreadfulz, an Ethereum-based collection of 7,777 spooky figures, are surging.

A multi-stage roadmap for the project is in place, and holders can stake their NFTs for DREAD tokens to acquire ownership in the staking vault. Members of the decentralized autonomous organization (DAO) will vote on proposals that seek to increase the DAO’s riches through the “DAO of the Dreadfulz,” which will come after. Owners of NFTs will eventually be able to obtain a full-body 3D avatar to integrate into relevant metaverse initiatives. 8

Each Dreadfulz has a floor price of 0.015 ETH ($23) after rising by a staggering 164,000% over the past week.

Top Trending NFTs

Killabears

Mexican artist Memo Angeles created the 3,333 NFTs in Killabears, which were randomly produced on Ethereum. Together with well-known video game company Umbrella Games, the project was completed.

Holders of Killabears get access to special events including NFT drops, raffles, giveaways, and more. After a 30-day staking period, killabears can also be staked while on a “stake-cation” at the Kilton Hotel.

Sales of Killabears, which had a floor price of 1.55 ETH, increased by 87% over the previous week.

Street Machine

Award-winning video game artist SpenzerG’s new Web3 anime brand and NFT collection is called Street Machine.

Over 500 distinct characteristics are hand-drawn into each NFT by the artist.

This week, sales of the 8,000 NFT collection increased by 11,000% to $1 million.

The NFTs will be a character in a sci-fi, cyberpunk, and anime-themed online graphic book that 14 Street Machine intends to produce with the assistance of its community.

This article is not a suggestion by Investopedia or the author to invest in cryptocurrencies or other initial coin offerings (ICOs), as doing so is very dangerous and speculative. A skilled expert need to always be contacted before making any financial decisions because every person’s circumstance is different. No guarantees or claims are made by Investopedia on the timeliness or accuracy of the information provided here. The author does not currently possess any of the aforementioned cryptocurrencies as of the date this post was written.

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crypto and blockchain

The cryptocurrency industry has seen a significant rise in the number of developers working on various projects, according to a new report by Electric Capital.

Electric Capital, which has invested in many blockchain platforms, early Layer-1 and krypto start-ups, such as Bitwise, Gitcoin, dYdX Near Protocol and Inmunefi, found that the number of developers in the crypto industry had doubled over the past two years.

Electric Capital obtained its data by identifying 250 million software commitments across open-source warehouses, showing a dramatic growth in the number of developers joining the Krypto ecosystem over time.

Despite the cruelty of the 2022 crypto winter, the numbers have not stopped growing.

The number of crypto developers has doubled since 2020:

According to “Electric Capital”, the number of active krypto developers closed monthly amounting to 23,343 software developers in December 2022.

This figure represents an increase of almost 100% from the beginning of 2020, when there were fewer than 10,000 active developers.

This significant growth in the number of developers working in the crypto industry is a positive sign for the future of the industry.

Despite a significant drop in the price of bitcoin, which fell more than 76% from an all-time high of $69,000, the number of active developers per month grew by 5%.

The report also shows a dramatic growth in developer monthly construction, with more than 471,000 commitments per month for open source cryptocurrencies.

These figures represent an 8% increase in the number of full-time developers.

According to the report, this is the most important part of the data to highlight as it contributes to 76% of all code obligations.

For the first time in the history of cryptocurrencies, there were more than 61,000 programmers developing crypto code at the same time.

The number of bitcoin developers has tripled since 2018:

Bitcoin has seen a 3-fold growth in active developers per month since 2018, rising from 372 to 946 developers, while Ethereum has experienced an exponential 5-fold growth, with the number of developers increasing from 1,084 to 5,819 active developers per month.

Solana, Bulcadot, Cosmos and Polygon have gone from less than 200 developers to more than 1,000 developers since 2018.

This growth in the number of programmers working on these projects is a positive sign of their long-term perspectives.

Despite the significant growth in the number of Bitcoin and Ethereum developers, data revealed that the vast majority (72%) of developers prefer to work on networks other than Bitcoin and Ethereum.

On the other hand, although the NFT boom appears to be fading, these projects have also recorded a significant increase in their technical activity, reaching more than 900 active developers per month writing code.

Digital Currency News This Week

NFT sales fall to 16-month low

The Apple Store allows applications that sell non-exchangeable NFT codes

Non-replaceable symbols NFT made rapid progress in the field of krypto, and even the global tech giants were preparing for it and providing their potential to embrace it.

According to the latest developments, the Apple App Store will allow the sale of NFT on its platform.

Apple has new green-branded apps selling NFT as well as existing app developers listed on the App Store.

But what’s important here is that Apple will charge a huge 30% fee on all NFT transactions made through the app.

These exorbitant fees will also deter projects, game owners and apps from using this feature in the App Store.

This is because other typical NFT markets such as OpenSea and Magic Eden often take a commission of only 5%

This is negligible in the face of Apple’s imposition.

According to “The Information”, NFT startup Magic Eden decided to withdraw its services from the App Store.

This happens even after Apple reduces its commission to 15% for companies with annual revenues of less than $1 million.

Gabrielle Lydon, CEO of Web 3.0, sees the overall upside of Apple’s announcement, saying:

Everyone focuses on Apple’s desire to get 30% of each transaction without realizing that this could put the market ahead of more than 1 billion users.

He added:

I’ll be happy to give Apple a 30% share of free NFT.

Apple accepts NFT and rejects cryptocurrencies:

Although Apple currently allows apps on its App Store to sell NFT, the company still does not accept Krypto yet.

Also, Apple refrains from directly participating in the Krypto and NFT space.

One obvious reason is that they don’t want to attract regulatory outrage as Meta (formerly Facebook) encountered.

Earlier in June this year, there were some rumors that Apple might issue NFT trading cards at one of its developer conferences, but they didn’t come to fruition.

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