Latest events from the NFT world: market, investments, collections.
Experts note signs of a slowdown in the NFT market and give an explanation for this
OpenSea sales hit nearly $5 billion in January, a giant leap from $8 million a year earlier, but dropped to $2.5 billion in March. Some 635,000 people bought NFTs last month for an average of $427, up from 948,000 for $659 in January.
Representative of NFT DappRadar company Modesta Masoit believes that the market is not in a general decline, but rather is consolidating after a rapid growth. In addition, investors' caution could be caused by the general situation in the world.
Coinbase Invests $1M in Indian Crypto and Web3 Entrepreneurs
At the end of March, Coinbase announced a personal pitch day planned for April in Bangalore. Through this project, Coinbase plans to invest $1M in various Indian cryptocurrency and web3 initiatives. Bangalore will host a personal pitch day on Friday in partnership with the Buidlers Tribe, which will be further supported by Belief DAO with up to $25,000 in bonus grants.
110 applications have already been submitted for the event.
Miami luxury condominium launches its own NFT collection
Lofty Brickell Residences Miami has announced the launch of the first ever NFT art collection dedicated to Lofty condominium owners. Not only will they be given an original NFT when buying an apartment. The building will feature a special collection of NFTs displayed in the common areas of the building.
Lofty is a 44-story apartment building with apartments ranging from studios to two bedrooms, priced between $439,000 and $800,000. This is Miami's first luxury multi-unit tower designed for shared living and short-term rentals.
Fashion designer Nicholas Kirkwood and White Rabbit launch NFT collection
Fashion designer Nicholas Kirkwood will present the NFT collection in collaboration with White Rabbit on April 14th. This release was created in partnership with The Dematerialized NFT. The announcement follows the recent success at Decentraland's Metaverse Fashion Week 2022.
There are 8,765 white rabbits in the White Rabbit ONE collection, and 765 in the ZERO collection. Although there will be other NFTs in the future, they will be the only ones that will be useful in the GATE ecosystem. At the time of writing, the minimum price was 0.018 ETH, and 462 ETH have been traded to date.
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