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Solana NFT Sales Volume Drops Below $1 Million + More NFT News

Today, the non-fungible token (NFT) sales volume has surged by 7.25%, reaching $33,596,036 in the last 24 hours.

According to CryptoSlam, there’s been a 13% increase in buyers, a notable 20% rise in sellers, and transactions have seen a modest uptick of 1%.

Leading the pack in terms of sales volume over the past day is the Pandora collection, boasting $6,748,549 in transactions.

Remarkably, the standout performer among these collections is y00ts, experiencing a staggering 1,513% surge and now occupying the fourth position with $953,492 in sales.

Following closely behind is the Mutant Ape Yacht Club, which has seen a remarkable 594% increase, elevating its sales volume to $780,584 and securing the seventh spot.

However, two collections within the top ten have experienced declines in the past day: Uncategorized Ordinals (-23%) and Dokyo (-46%).

In today’s NFT developments: Solana’s 24-hour NFT sales volume has dipped below $1 million, OpenTheta has unveiled a new NFT collection, and Pattern Integrity Films has shifted from the GameStopNFT Marketplace to the Theta Network.

Solana NFT Sales Volume Drops Below $1 Million

In a significant turn of events reported throughout NFT circles yesterday, operations on the Solana network have resumed after a five-hour outage on Tuesday. The Solana team has stated that they are currently investigating the root cause of the disruption.

As previously mentioned, this incident has impacted both the price of the native SOL token and Solana NFT sales volume.

Over the last 24 hours, Solana has experienced a steep decline of nearly 44%, totaling $712,096 in NFT sales volume. Consequently, it has slipped to the sixth position in terms of NFT sales volume.

To provide perspective on this substantial shift, Solana had been engaged in a weeks-long battle with Bitcoin for the second spot on the list, even managing to surpass it on multiple occasions. During that period, its daily NFT volume hovered around $7 million.

Currently, Bitcoin has reclaimed the second position, trailing Ethereum, with a volume of nearly $8 million. Following closely behind is Polygon with $1.3 million.

Taking a broader view and examining the weekly charts, Solana remains in third place despite a 31% decrease, recording $34.9 million in NFT sales volume. However, this figure still falls significantly short of Bitcoin’s $64.3 million.

Expanding the scope to the past 30 days, Solana has experienced a 32.5% decline, amounting to $212.3 million, and is presently positioned in third place.

When considering the all-time rankings, Solana trails behind Ethereum, albeit with a notable difference in sales volumes, as expected.

OpenTheta Announces NFT Collection

OpenTheta, the autonomous decentralized NFT launchpad and marketplace operating on the Theta Network, has revealed its latest NFT venture: the Oties collection.

Crafted in collaboration with renowned comic artist Rob Feldman, these collections are set to captivate enthusiasts with their unique offerings.

As of now, specific details about the Oties collection remain undisclosed. However, the OpenTheta team has teased forthcoming information and a comprehensive whitepaper to shed light on this exciting project.

OpenTheta stands as the hub for various captivating collections such as ThetaPunks, ThetaPugs, Legendary Dragons, TraderPunks, among others.

The platform facilitates seamless user interaction by enabling MetaMask wallet setup and effortless connection to OpenTheta with a single click. Through this streamlined process, users gain access to a plethora of NFTs from creators, receiving them directly into their wallets upon purchase.

Meanwhile, Rob Feldman, a versatile figure in the realms of comic book creation, animation production, and Theta TV streaming, stands as a key collaborator in this endeavor. Renowned for his notable works like Cyko KO and the Newgrounds series, Dr. Shroud, Feldman’s expertise promises to infuse the Oties collection with creativity and innovation.

Notably, Cyko KO boasts a rich multimedia experience, including digital comic books, animated series, an NFT collection, and engaging Web3 games.

And while we’re on the subject of the Theta Network…

Pattern Integrity Films Transitions from GameStop to Theta Network

Following the successful debut of multiple NFT collections on the GameStopNFT Marketplace, Pattern Integrity Films has announced its shift to the Theta Network’s native NFT Marketplace, ThetaDrop, alongside Theta Web3 Theatre.

Pattern Integrity Films, a distinguished filmmaking team based in the United States, initially launched their collections on the GameStop NFT Marketplace in the spring of 2023. However, the latter has recently ceased operations.

In a press release shared with Cryptonews, the team emphasized that their transition to the Theta Network opens up avenues for more innovative NFT collections and collaborations, further solidifying their position within the Film3 industry.

Over the years, Theta Labs has forged partnerships with prominent entities in the entertainment sector, including The Squad, Bingeable, Toonstar, and CYKO KO.

Meanwhile, Pattern Integrity Films has introduced notable NFT collections such as ‘The Pigs of Film3’ and ‘The JPiGS of Production’.

As Pattern Integrity Films makes the move to the Theta Network, the community can anticipate exclusive passes that grant film credits and token-gated access to Theta Web3 Theatre, as per the team’s announcement.

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