There were a total of almost 8.7 million wallets actively trading or minting NFTs last year, according to data shared by Nansen! 

The highest number of active wallets were recorded on Ethereum at approximately 2.9 million wallets followed closely by Polygon at about 2.5 million wallets. Solana ranked third at about 1.7m NFT wallets, while BNB Smart chain recorded 1.3M, Avalanche stood at 152K and Arbitrum had 116K wallets respectively.

Notably, the global NFT sales declined by more than 76% below its peak season in late 2021, reaching just $638 million in December. It’s worth noting that the investor’s confidence, lack of regulatory clarity, theft, and scam were additional drawbacks in 2022. These factors and the bear market jointly pushed the number of transactions to fall by 38% in 2022

However, in some better news, Yuga Labs received royalties from Otherdeed for Otherside, Bored Ape Yacht Club (BAYC), and Mutant Ape Yacht Club  (MAYC) totaling $107.8 million. The NFT project with the highest profit in 2022 was Otherdeed for Otherside, which brought in $49.9 million. This collection includes lands from the Otherside Metaverse.

Metaverse Group, a subsidiary of Tokens.com (OTCMKTS: SMURF) is advancing its product offering with the acquisition of the web3 platform CocoNFT. 

The company said it will integrate Coco’s technology offerings with its virtual world B2B products as a part of an ecosystem expansion that will see it offer NFT minting and web3 wallet services to Instagram users. According to the announcement, Coco’s co-founders will now join the Metaverse Group team.

“We are pleased to welcome the CocoNFT team to Metaverse Group. We see CocoNFT’s proprietary technology as being at the forefront of developing and expanding web3 and NFT use cases,” said Andrew Kiguel, CEO of Tokens.com and Executive Chair of Metaverse Group. “Furthermore, the new platform and tools from Coco NFT will further improve Metaverse Group’s ability to provide brands and businesses with more creative and impactful ways to connect with their audiences.”

In other headlines,

• Crypto exchange adoption boosts ENS registrations to over 2.2M. Read More
• Customers Received NFTiff Diamond Pendants Worth $50,000. Read More
• NFT Research Tool NFT Inspect Is Shutting Down. Read More
• Taiwan temple unveils NFT collection for pilgrims. Read More‍
• BMW Teases NFTs with Blockchain Powered Loyalty Program. Read More

On Nov 1-3, WOW Summit welcomed the global community for its third edition in Lisbon and launched its chapter in Europe!

During the three days of WOW, around 1500 attendees, 70+ speakers, and 60+ partners joined WOW Lisbon. It was made possible thanks to the general technical partner - Metavibes, and other media, strategic, and supporting partners, including RBL Labs, BR Group, and IT Ukraine Association.

The WOW audience featured renowned leaders in the space, such as Joel Dietz (MetaMetaverse CEO, Founding Member of Ethereum, MetaMask Architect), Sandy Carter (SVP at Unstoppable Domains), and Robin Lynn (Blockchain Advisor & Visionary Architect). Top industry players joined the event, representing the companies like Yarchain, Consensys, Bitmedia, Bened, Neotech, TRON, DappRadar, and many more.

All three days of WOW Lisbon were filled with necessary and important discussions regarding topics including but not limited to innovation, data privacy, startup success, blockchain ecosystem, gaming, smart contracts, cybersecurity, sustainability, tax, growth strategies, creator economy, NFTs, VR, DeFi, and much more.

WOW will kick off in Hong Kong on March 29-30, 2023, to shake APAC with some life-changing ventures, and side events. Save the date, and we'll see you there.

China has launched a state-sanctioned secondary trading platform for digital assets, especially NFTs.

After concern about the speculation around NFT regulation in China, the four tech giants Tencent, Ant, Baidu and JD self-imposed a ban on the secondary trading of digital collectibles in mid-2022. Currently, the new national trading venue only has a live signup process, so it remains to be seen what kind of intellectual property is supported, with the platform’s innovation working group made up of museums, tourist organizations, and copyright holders.

The state-owned China Digital Assets Trading Platform was jointly created by the China Technology Exchange, the Cultural Relics Exchange, and the Copyright Service Centre aiming to standardize the trading process to dampen speculation.

One of the drivers is that China recognizes that digital assets will be important for the development of the metaverse, whether for avatars, clothing, art or museum pieces. In addition to the innovation working group, there is a metaverse working group that includes local governments and state-owned enterprises.

In other news,

• Magic Eden displays inappropriate images as NFTs, blames third-party. Read More‍
• NFTs will move away from crypto, OpenSea CEO suggests. Read More

LegendsOfCrypto, the flagship NFT game of Amsterdam-based RBL Labs, is set to destroy the contract address private keys of its current collections of NFT cards, after the conclusion of its current sale.

The play-to-earn NFT card game has released four different collections of NFT cards so far; the Genesis Collection, Awakening collection, Apollo Collection, and Dark Night Collection. Minting of these collections are set to cease after its current Holiday NFT Sale is done, ensuring that the NFT cards in these collections become rare collectible items.

The aforementioned NFT cards are both used as valuable collectible items for NFT collectors but also as gaming assets for the LOCGame players. Owners of the NFT cards have access to various play-to-earn mechanisms inside the game, can earn $LOCG tokens and become members of the upcoming Metaverse city built by RBL Labs.

RBL Labs is saying goodbye to its current smart contract, and taking its NFTs with it. Get your LegendsOfCrypto collectible cards now before the private keys are destroyed!

Get LegendsOfCrypto NFTs Now