A very very important month indeed for Non-Fungible Tokens (NFTs), which in addition to many news of collaborations achieved a 42 percent increase over December.
NFT sales reached nearly $1 billion in January, an extraordinary achievement that bodes well for the future of the industry.
Precisely, the value achieved is $997.53 million, a 41.96% increase over December. Non-fungible token sales trends mirror those of cryptocurrency assets.
Among the most profitable blockchain, unsurprisingly, we find Ethereum, which achieved the highest sales volume with $784.87 million, or 78.68 percent of the total. This is followed by Solana with $150.4 million, or 15.7 percent of the total. Cardano, Immutable X, and Polygon follow with equal if lower gains.
So January was a renaissance month for the Non-Fungible Token sector, full of gains and news. In-depth news on the NFT sector will follow in the article. We will see expansions in the market, layoffs, and more about the booming NFT ecosystem.
eBay expands to Non-Fungible Token (NFT) world with job news
One of the largest players in the online marketplace, eBay has posted a series of ads on Linkedin, where it seeks to fill several positions in the NFT technology and Web3 space. So, the online sales company has hinted that it has opened up to the industry, and is interested in manpower to get projects off the ground.
It all starts with Ebay’s acquisition of NFT Knownorigin and the company’s filing of trademark applications for various NFT and metaverse services, all in January.
So Ebay seems to be serious about entering the growth market fully in 2023.
But what is KnownOrigin? It is an NFT marketplace that allows new generations of artists to express themselves and find the right audience to grow. We can call it a very important platform for the growth of emerging artists, a Web3 pioneer.
eBay’s foray into the NFT world is a positive sign for the whole industry, as we have said before, 2023 has started in the best way for Non-Fungible Tokens. Market entries like these give hope for exponential growth and a market restart.
NFT program head quits via resignation letter
“I resigned from Mastercard. For the past year I have been the company’s NFT Product Lead. I promoted Web3 to Mastercard’s leadership and its regional sections, as well as to our Fortune 500 customers and partners. This was not an easy thing to do.”
Thus announced Satvik Sethi, Mastercard’s lead for Non-Fungible Tokens (NFT), his resignation from the company. Among the reasons for dismissal, Sethi cites a 40 percent pay cut after a move from New York to London.
Although the workload increased, (by 200% says the former project leader), the company did not recognize Satvik Sethi’s true managerial status.
The accusations made by the former executive, are those of real harassment by Mastercard, about which he stated:
“At Mastercard, I was subjected to harassment and emotional distress due to a series of poorly managed processes, poor communications, and internal inefficiencies. There were months when I did not receive my salary until I begged the management hierarchy to give it to me.”
Despite his resignation, the former Product Lead decided to continue his adventure in the world of NFTs, with the project called New Beginnings. The project includes 12 different NFTs, already on sale now at 0.023 ETH, about $40.
RobotEra is one of the most promising NFTs for 2023
RobotEra is a new platform with many attractive qualities for cryptocurrency players and investors. It has built an immersive metaverse to explore through avatar robots. However, the open metaverse experience is not the only attraction of RobotEra.
Through the project, there can be many revenue opportunities for investors to enhance their gaming experience as well. All resources are designed to be NFTs, including robot avatars, virtual lands, and any entity created in the game universe. Users purchase NFTs using TARO, RobotEra’s native token. RobotEra also supports advertising in the metaverse and even the rental of NFT tokens;
RobotEra has seen its value grow exponentially since the beginning of 2023, it ranks undoubtedly among the most important projects in the NFT market.