NFT sales hit lowest level since 2021 in September
As of September, NFT sales have not been this low since January 2021. According to the data, total sales were $296 million, down 20% from August and 81% from March. Crypto Grand Slam. In an NFT market that has seen sales and user engagement decline in recent months, this significant decline points to ongoing issues.
In addition to the overall sales decline, transaction volume also decreased significantly. NFT transaction volume decreased from 7.3 million in August to 4.9 million in September. Despite the overall downward trend, the average transaction value increased slightly. The average transaction size increased to $60 in September, after reaching $50.71 in August. This suggests that while transaction volume has decreased, individual transaction values may have improved slightly.
Indonesian Post Office issues NFT stamps
With the launch of NFT integrated stamps, Indonesia PostNFT, the largest postal service company in the United States, has joined the NFT community. The state-owned company introduced “Cenderawasih” (Bird of Paradise) on its first NFT stamp. These stamps represent the integration of traditional postage with blockchain innovation.
Source: Indonesia Post
According to Indonesia Post, the new stamps are designed to attract traditional stamp collectors and NFT enthusiasts. The startup aims to maintain ties to the historical practice of postal philately while creating a new market for digital collectors by integrating blockchain technology with established hobbies such as stamp collecting.
Hamster Kombat launches NFT as in-game asset
Popular Telegram clicker game Hamster Kombat has announced plans to integrate NFTs. The game is already taking the Web3 world by storm and has shared a roadmap for the end of 2024 and the coming year. November is when the NFT integration plan is underway. Although NFTs are expected to be an important feature in the game, the creators have not yet fully disclosed the functionality of the NFTs in the game.
Source: Hamster Fighting
The addition of NFTs may bring new interest in digital collectibles. Hamster Kombat’s large user base of more than 300 million players may affect NFT participation in the game. The move comes at a time when digital assets are facing challenges in maintaining high user activity, making Hamster Kombat’s NFT integration an important development to watch.
Platforms in virtual universes could help fight loneliness
The answer to growing loneliness may lie in metaverses. Bay Backner, the lead producer of Decentraland, expressed optimism about the decentralized Metaverse platform in a recent interview with Cointelegraph. Buckner believes that people’s enthusiasm for virtual worlds may lead to meaningful connections in cyberspace.
Backner emphasized the community-driven nature of Web3 platforms, which can foster stronger connections than traditional social media platforms. Metaverses such as Decentraland, with their decentralized structure, facilitate more meaningful social connections between users, allowing them to build real connections through shared experiences in the virtual world. In today’s increasingly digital environment, this offers a promising way to combat loneliness.
