Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

GameStop NFT to launch 20000 NFTs in its inaugural collection in a partnership with Illuvium. It will also promote GameStop's NFT Marketplace. GameStop made news again when they announced a strategic partnership with Illuvium, an Ethereum-based platform, to change the way NFTs are promoted and used. A store called GameStop, which sells consumer goods, will show off a collection of 20,000 NFTs on June 12. GameStop and Illuvium have worked together on other web3 projects before. Last year, both companies worked together to start a $100 million joint grant program to help web3 creators in a way that had never been done before.

Web3 development is on the rise, and the NFT marketplace is one of the most profitable investments. Check out this easy guide to setting up your own digital collectible marketplace.An NFT marketplace is an online place where people can buy, sell, and trade tokens that can't be used to buy or sell anything else (NFTs). Some well-known NFT marketplaces are OpenSea, SuperRare, Rarible, and Nifty Gateway. These Web3 platforms give you a lot of choices, such as tools for making and minting NFTs, bidding, auctions, and transactions with a set price. Several NFT marketplaces also have social and community tools that let users talk to each other and make NFT communities. The way we think about ownership and collectibles is changing because of NFTs. NFTs have given collectors and creators of art and digital content new ways to invest in these fields and new ways to make money off of their work. Because NFTs are becoming more and more popular, there is a huge need for NFT marketplaces. If you want to build an NFT platform for collectibles, you need to think about essential, premium, and security features. These features can help you get more customers, gain the trust of your users, and keep your system safe from threats.Let's take a look at these important things that your NFT marketplace for collectibles should have: In an NFT marketplace, it is important to have a strong digital asset management system so that NFTs can be stored and handled safely. Each NFT should be guaranteed to be unique and real, and this system should stop anyone from being dishonest.An interface that is easy to use can make your platform more appealing and user-friendly by making it easy for users to find their way around.User accounts must be easy to set up, keep track of, and use so that they can be used to buy and sell collectibles.The market should accept a variety of payment methods, such as PayPal, credit cards, and other payment gateways.Making it easier for people all over the world to do business on your platform can help.

Blur dominates the NFT marketplace and OpenSea trials; this article checks some of the facts and happenings in the Web3 NFT industry 2024. The hype was real surrounding the airdrop, as Blur has dominated OpenSea's NFT trading volume. According to Dune Analytics statistics, the marketplace had a volume of $601 million over the past seven days compared to the $104 million of OpenSea. These numbers correspond to Blur Marketplace controlling an 85.2% market share compared to OpenSea's 14.8%.Daily volume numbers are also evident in this comparison. According to DappRadar statistics, Blur achieved a trading volume of $98.6 million in the last 24 hours. While OpenSea, in second position, only managed $17.92 million. Additionally, compared to OpenSea, its daily average transaction price has consistently been greater.It's important to note that Blur has designed its incentives strategy to avoid rewarding volume in order to discourage wash trading. By tweaking its royalties reward structure, the market has attempted to bypass OpenSea's constrictive approach. This policy change is a defensive measure designed to safeguard its survival as it was forced to make this decision as a result of OpenSea's non-competitive position. Blur and OpenSea do not pay royalties to the same creator on both platforms.