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NFT Market Faces Decline, Hamster Kombat Declares NFT Integration

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September NFT Gross sales Attain Lowest Quantity Since 2021

Since January 2021, NFT gross sales haven’t been this low as of September. All gross sales got here to $296 million, down 20% from August and 81% from March, in accordance with knowledge from CryptoSlam. Within the NFT market, which has skilled a discount in gross sales and person engagement in current months, this notable drop signifies persistent points.

The amount of transactions skilled a major lower along with the general gross sales quantity drop. From 7.3 million in August to 4.9 million in September, NFT transactions decreased. The imply transaction worth had a marginal rise despite the overall downward trajectory. After reaching $50.71 in August, the typical transaction worth elevated to $60 in September. This means that though there are fewer transactions, particular person transaction values could also be barely enhancing.

NFT Stamps Are Launched By The Indonesian Postal Service

With the introduction of NFT-integrated postage stamps, Pos Indonesia, the largest postal service within the nation, has joined the NFT neighborhood. The state-owned enterprise launched “Cenderawasih,” or the chicken of paradise, on its debut NFT stamps. These stamps symbolize a fusion of conventional postage with blockchain innovation.

Supply: Pos Indonesia

The brand new stamps, in accordance with Pos Indonesia, are supposed to enchantment to each typical stamp collectors and NFT fanatics. The startup goals to take care of hyperlinks to the historic follow of postal stamp gathering whereas establishing a brand new marketplace for digital collectors by fusing blockchain know-how with a longtime pastime like stamp gathering.

Hamster Kombat Introduces NFTs as In-Recreation Property

Hamster Kombat, a well-liked Telegram clicker recreation, has introduced its plans to combine NFTs. The sport, which is already viral within the Web3 area, shared its roadmap for the top of 2024 and the upcoming 12 months. November is when the NFT integration is scheduled to happen. The performance of NFTs within the recreation has not but been absolutely disclosed by the creators, though it’s anticipated that they are going to be necessary in-game options.

Hamster Kombat Introduces NFTs as In-Game Assets

Supply: Hamster Fight

The NFT addition might deliver renewed curiosity to digital collectibles. Hamster Kombat’s huge person base of over 300 million gamers would possibly affect NFT engagement throughout the recreation. This transfer comes at a time when digital property are going through challenges in sustaining excessive person exercise, making Hamster Kombat’s NFT integration an necessary growth to look at.

Platforms In The Metaverse May Assist Fight Loneliness

A solution to the rising loneliness epidemic could lie within the metaverse. The chief producer of Decentraland, Bay Backner, was upbeat about decentralized metaverse platforms in a current interview with Cointelegraph. Backner believes that the fervour individuals have for digital worlds might result in significant connections within the on-line area.

Backner emphasised the community-driven nature of Web3 platforms, which might foster stronger bonds than conventional social media platforms. Metaverses reminiscent of Decentraland, with their decentralized construction, facilitate extra significant social contact between customers, permitting them to construct actual connections via frequent experiences within the digital world. In at present’s more and more digitized setting, this presents a promising technique to battle loneliness.

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