In the past 24 hours, there has been a slight recovery in the non-fungible token (NFT) market, offering a glimmer of hope for the daily NFT news roundup.
The NFT market has seen an 11% increase in value within a day, reaching $32,246,366 at the time of writing.
Buyers and sellers have seen a minimal decrease of about 1%, while transaction numbers have risen by less than 1%, according to CryptoSlam.
Among the top 10 collections in terms of sales volume, the standout performers of the day are LIGO BRC-20 NFT (+130%) and Dokyo (+29%).
In terms of sales volume, Ordinals holds the top spot with $1.49 million, followed closely by CryptoPunks at $1.36 million.
In the daily NFT news, Bitcoin and Solana are competing for the second spot among the top 10 collections, Ronin has unveiled a significant wallet upgrade, and Rario is preparing to close its current platform and launch a new one.
Bitcoin and Solana Duke It Out
Recent developments have witnessed Bitcoin and Solana vying for the coveted second place among the top 10 blockchains in terms of NFT sales volume.
Ethereum has firmly maintained its first-place position, with a current volume of $9.4 million, albeit experiencing a slight decline, as reported by CryptoSlam.
However, the second spot has been a matter of contention between two other popular blockchain platforms. Just yesterday, Solana held that position, but today, Bitcoin has surged ahead. Bitcoin’s significantly higher increase in sales percentage-wise has tilted the balance.
Bitcoin has seen an impressive rise of over 21% in the last 24 hours, resulting in a current volume of $7.6 million. Meanwhile, Solana remains close behind, with a volume of $7.42 million and a nearly 3% increase in the past day.
In the fourth spot is Polygon, boasting a 65% increase in volume and reaching $2.97 million.
The standout performers of the day are Panini, with a remarkable increase of over 1,500%, propelling them into the top 10, and Ronin, which has experienced a 390% rise in sales volume.
Ronin Reveals Wallet Upgrade
Ronin, an Ethereum Virtual Machine (EVM) blockchain designed specifically for developers creating games with player-owned economies, has unveiled a significant upgrade to its official crypto wallet.
The company responsible for this blockchain, Sky Mavis, is also known for developing the popular play-to-earn NFT game, Axie Infinity.
The Ronin team has announced that this upgrade will be rolled out in phases over the next 14 days, ensuring that existing wallets remain accessible during the release.
According to their blog post, this upgrade introduces a range of new features, including enhanced security measures, support for multiple chains (including Ethereum and others), an in-app browser, and more.
The redesigned wallet will also provide users with the ability to access additional details about NFTs, view individual token activity history, and stay updated with news related to Ronin, Axie, and Sky Mavis.
The Ronin Wallet will now offer connectivity to decentralized applications like Uniswap, display NFTs on Ethereum and other supported chains, manage ERC-20 tokens on compatible chains, facilitate cryptocurrency transfers on supported chains, and resolve users’ RNS (Ronin Name Service) names to addresses on other blockchains, among other functionalities.
Rario Closes Existing NFT Product, Plans a New One
Rario, a cricket-focused NFT platform, has made an announcement regarding the closure of its current platform due to a series of challenges it has faced over the last six months, including the NFT market downturn, management issues, and new Web3 regulations affecting the industry.
In response to these challenges, Rario has established a new management team. However, to implement the necessary improvements, they have decided to discontinue the current Rario product on January 29.
Users will have the opportunity to withdraw wallet cash balances until March 31.
Nevertheless, Rario has revealed plans for “a new and improved version of Rario.” In March, they will launch a fresh platform featuring new cricket-based games. Notably, the existing Rario cards will not be compatible with the new gaming platform. Owners of these cards will receive additional benefits, with more details set to be disclosed in February.
The platform acknowledges that “some” users may have suffered losses from their investments in these cards and claims to be actively working with stakeholders on a compensation plan, with further information expected to be provided next week.
