Tuesday, May 24, 2022
HomeNFT NewsNifty News: AC Milan launches a NFT collection, Magic Eden will accept...

Nifty News: AC Milan launches a NFT collection, Magic Eden will accept Solana tokens and more

Italian professional football club AC Milan will release its first ever non-fungible token (NFT), in collaboration with BitMEX cryptocurrency exchange. Fondazione Milan will receive the proceeds.

The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club’s home ground, San Siro stadium. It will feature a 3D image depicting a jersey Jan Grarup, a Danish war photographer who visited South Sudan to document the flooding.

BitMEX partnered with AC Milan to contribute to the project by providing trading discounts and “other benefits” to the first 10,000 pre-orders. BitMEX will donate to Fondazione Milan through the purchase of a large number of NFTs.

The club announced that the proceeds would be used to fund its charitable causes worldwide, mentioning specifically the ongoing Ukraine crisis and UNICEF projects in South Sudan.

Magic Eden to accept tokens from DeGods and Aurory projects

Magic Eden, the largest marketplace by volume for Solana NFTs, according to DappRadar, has confirmed it will accept the tokens from popular Solana NFT projects “DeGods DUST” and Aurory’s “AURY” within the coming weeks.

The marketplace first teased integration of the DUST token in late March, tweeting “brb integrating $DUST” on March 31. A drawing of a Magic Eden-themed bar was tweeted on April 1 with the caption “$AURY”.

$AURY pic.twitter.com/k5gQdHvZ8b

— Magic Eden Solana’s Leading NFT Marketplace (@MagicEden) April 1, 2022

“DeGods” is the most traded collection in 30 days on Magic Eden, according to its own statistics, and has an all-time trading volume on the platform of 307,121 Solana (SOL), or $33.8 million at the time of writing. “Aurory” is in third place overall in sales volume for a Solana NFT project according to DappRadar, with an all-time volume of $79.5 million.

Related: Content creators introducing a new paradigm with NFTs

The integration of the tokens may be the latest attempt by the platform to solidify itself as Solana’s native NFT marketplace after OpenSea announced it will integrate Solana, putting the two platforms in direct competition. According to reports, Tiffany Huang (head of content and marketing at Magic Eden) stated that they were looking to integrate tokens from other blue chip NFT collections.

Solana NFT sales are gaining momentum

Solana NFTs are seeing a significant gain in volume. In the last 24 hours, the NFT sales volume on the Solana blockchain has hit over $9.2 million — an increase of 51.5% — according to analytics firm CryptoSlam.

It comes after a drop was seen in the trading volume of Solana NFTs following the March 30 announcement that OpenSea would integrate the blockchain when OpenSea announced the Solana integration. On April 6, the day before the integration was live, trading volume decreased by 34.4%.

Ethereum is still the top network when it comes to NFTs, with $49.4 million in sales made in the last 24 hours.

Other Nifty News

Starbucks has announced its foray into NFTs, with CEO Howard Schultz stating that “sometime before the end of the calendar year, we are going to be in the NFT business.”

Autograph, the NFT platform co-founded by Tom Brady, has signed a multi-year partnership with ESPN to create a docuseries and NFT collection titled “Man in the Arena: Tom Brady,” which details the career of the NFL legend.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!
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