MetaFlower super mega yacht NFT sells for $650k in The Sandbox
The three-storied yacht was designed as part of a luxury NFT collection for The Sandbox. Private islands, speed boats and jet skis are some of the other digital assets available. The collection of 100 private islands sold out in under 24 hours.
Only 59% of initial supply of SHIB is still in circulation
According to data from token burning tracking platform Shibburn, a total of 410.29 trillion SHIB have been burned since the cryptocurrency was launched. Over 41% of the total supply of the meme-inspired cryptocurrency SHIBA INU has been burned so far as the SHIB community keeps coming up with new initiatives to burn SHIB and decrease its circulating supply.
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k
Salvadoran president Nayib Bukele announced the purchase of 150 BTC as the market price momentarily slipped below $50,000 after losing over 15% in market value. With this purchase, El Salvador’s Bitcoin reserve now amounts to 1,270 BTC, which is worth nearly $60.3 million.
Whale buys 28 billion SHIB for $1.2 million as price stalls
According to WhaleStates, ETH whale “Gimli” has just accumulated 28 billion SHIB, equivalent to around $1.2 million. With the latest purchase, Gimli now holds a whopping 1,282 billion SHIB, worth approximately $54 million.
Bitcoin tumbles below $47,000
Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000.
Highlights of the week
Rarible to integrate $XTZ blockchain
$ENJ partners with Amasa
$KAD introduced NFT platform Marmalade
$ZIL announces ZRC-6: The new NFT standard
$ZEN cross-chain protocol Zendoo is live on mainnet
$AVAX announces $6M incentives for Alpha Finance Lab
0x expands partnership with Celo to distribute $4.5M to DAO ecosystem
0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO).
More than $100 million worth of metaverse land sold last week
Blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week. The Sandbox represented the lion’s share of volume for the week with $86.56 million while Decentraland accounted for $15.53 million.
Kadena introduced Marmalade, the new Kadena standard for NFTs
Marmalade provides the complete infrastructure to launch and run game-changing NFT marketplaces, enabling creators, buyers, and communities to interact and participate in NFT ownership and sales without limitation.
Terra’s LUNA eyes a spot in top ten with 70% weekly gains and new ATH
While the broader cryptocurrency has been showing a sideways movement, Terraform Labs’ LUNA token has significantly climbed the ranks gaining 70% over the last week, printing a new ATH at $69.74.
Terra’s LUNA token has toppled some of the recent top performers like Polygon (MATIC), SHIBA INU (SHIB), and Avalanche (AVAX) to become 11th-largest cryptocurrency by market capitalization.