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Coinbase, Nifty Island and Nyan Heroes – Top NFT News Today – 19 January

The non-fungible token (NFT) market is experiencing mixed sentiment today, with various developments in the NFT space.

At the time of writing, NFT sales volume has decreased by 13% over the past 24 hours and currently stands at $42,893,676. Concurrently, NFT transactions have seen a 9% drop during the same period. Interestingly, sellers are down by 3.5%, while buyers have increased by nearly 10%.

Among the top 10 collections based on sales volume, MintID has been the standout performer, surging by 382% in a day to reach $2.2 million in sales. The second-best performer is Mutant Ape Yacht Club, which saw a 74% increase in sales to reach $949,433.

CryptoUndeads, despite ranking first among the top 10 collections, has experienced the largest drop in volume, declining by 72% to $2.3 million. Following closely behind is Pudgy Penguins, with a 49% drop in volume to $2 million.

Despite the decrease in sales volume, the NFT news cycle continues to thrive. In the latest NFT news, you can read about Coinbase NFTs introducing a new AI-powered feature, the open beta of Nifty Island, and Nyan Heroes offering early access play-to-airdrop and its inaugural airdrop quiz.

Coinbase’s Marketplace Unveils AI-generated NFT Feature

Coinbase’s NFT marketplace has introduced a new feature called Instamint, which aims to simplify and democratize the NFT creation process by leveraging artificial intelligence (AI).

Instamint allows all users, including aspiring artists, to easily generate their own NFTs. To create an “on-chain collection” for personal use or sale, users only need to follow a few simple steps. They can start by adding a photo, providing a name and description for the future NFT, and optionally setting the gas price in ETH (Ethereum), with a minimum starting price of $0.01.

Coinbase NFT’s platform was initially launched in beta in June 2023. It operates as an open marketplace that permits users to trade NFTs using their non-custodial wallets, such as MetaMask, without requiring the use of Coinbase Wallet.

In addition to this new Instamint feature, Coinbase has expressed plans to further decentralize its NFT marketplace by transitioning certain features from Coinbase’s technology to decentralized solutions. They also intend to expand support for NFTs on blockchains other than Ethereum, demonstrating their commitment to embracing a broader range of blockchain ecosystems within the NFT space.

Nifty Island NFT News: Open Beta is Live

The Nifty Island Open Beta is now officially live and accessible to everyone, according to updates from the team.

To participate, users can visit the Nifty Island website and connect to the platform using various methods, including MetaMask, WalletConnect, Coinbase Wallet, or their social/email accounts.

The team has outlined that their airdrop will be conducted in multiple waves, ensuring that users can join in at any time without feeling that they’ve missed out. The airdrop dashboard will provide players with insights into the points they have earned through play-to-airdrop activities.

Upon logging in, players can verify their collector tier by navigating to the Airdrop tab. These collector tiers will influence how heavily their points contribute to their future ISLAND allocation, as mentioned in the team’s post.

Nyan Heroes Completes the First Quiz, Announces Early Access Play-To-Airdrop

The highly-anticipated game, Nyan Heroes, has unveiled a play-to-airdrop campaign, offering the community an opportunity to acquire NYN ecosystem tokens. These tokens are slated to serve as the fundamental economic framework for Nyan Heroes and any subsequent games within this gaming universe.

The Early Access Game will be open to all players, but those who own NFTs, specifically Nyan Heroes or Guardians, will be eligible for additional airdrop rewards.

Furthermore, participants in select challenges over the coming weeks will have the chance to earn Genesis collection NFTs. These NFT owners can employ them during the play-to-airdrop campaign to enhance their airdrop rewards.

Additionally, the team has recently completed the first installment of the Airdrop Quiz series, featuring a question for this week’s edition.

Nyan Heroes, developed by 9 Lives Interactive, introduces a team-based hero shooter where small cats control colossal mechs, offering a unique and engaging gaming experience.

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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