A World Baseball Champion is Using NFTs to Help Save Lives 🚨

Written by
Akash Agarwal
Published on
August 30, 2022
Read time
3 min read
Category
NFT

Find out the full story in our weekly NFT Newsletter 👇

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Headlines 📰

  • NFT Sales on the Solana blockchain Surpasses $1 billion
  • A World Baseball Champion Is Using NFTs to Help Save Lives
  • Leading NFT marketplace X2Y2 changes royalty policy
  • English rock band Muse is launching the world’s first NFT eligibility chart album
  • Global NFT Marketplace CYPHRLY partners with Marketing Company Cheil Worldwide

NFT Sales on the Solana blockchain Surpasses $1 billion

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For several years, Ethereum has been the most popular blockchain for NFTs. This is primarily due to the fact that it is the first major blockchain to offer smart contracts. However, Ethereum has recently experienced prohibitively high transaction fees.

In the latter half of 2020 and the beginning of 2021, Solana-based NFTs gained traction as an alternative. Solana has now reached new heights of success.

NFTs sales on the Solana blockchain surpassed $1 billion in all-time volume trade just last week, according to CryptoSlam sales tracker reports. This is significant because it represents the first time that the total volume of NFTs on a single blockchain has exceeded $1 billion. Solana’s highest weekly trade volume was just over $160 last year.

Of course, Ethereum continues to be the most popular NFT platform. Solana, however, is quickly catching up.

A World Baseball Champion Is Using NFTs to Help Save Lives

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Image: VIA BE THE MATCH

When World Series champion Matt Szczur, then a freshman in college, joined a bone marrow registry in 2007, he didn’t think much of it.

Andy Talley, his legendary coach, encouraged him to join an organization called Be The Match. As the name implies, the organization connects bone marrow donors with recipients and raises funds to assist those suffering from life-threatening blood cancers such as leukemia and lymphoma in receiving necessary treatment.

Szczur has been involved with art in some capacity his entire life. Szczur and his wife Natalie founded a non-profit foundation dedicated to philanthropy and charity after playing for Major League Baseball and winning the World Series with the Chicago Cubs in 2016.

Soon after, Szczur became interested in and involved in NFTs. During the 2020 pandemic, fellow MLB player Micah Johnson approached Szczur and asked if he wanted to collaborate on an NFT project.

Johnson suggested making a portrait of George Floyd, and the two split the portrait in half, each portraying their side of Floyd in their own unique style. The limited edition piece sold out in less than six minutes on Nifty Gateway, and the two used the proceeds to support initiatives dedicated to combating injustices in the Black community.

Leading NFT marketplace X2Y2 changes royalty policy

Buyers on the NFT marketplace X2Y2 now have the option to decide the amount of royalty they want to pay to the creators. By default, the amount is set at what creators want which can be readily adjusted by the buyers.

This announcement by X2Y2 to amend the royalty policy sparked a lot of controversy in the global NFT community. X2Y2 also mentioned that 0% royalty will not be the way forward and its policy is still in the very making. The final decision will be up to the token holders.

English rock band Muse is launching the world’s first NFT eligibility chart album

Music NFT marketplace Serenade partnered with Warner Records UK to launch a new Web-3 friendly music format using NFT technology- the Digital Pressing. Digital Pressing provides all in one NFT music packages similar to a physical record.

Last week on August 26, Muse made history by becoming the first artist to bring out an album under this new format with the release titled “Will of the people”. It isn’t eligible for the US charts yet, but the sales data will register on music charts in the UK and Australian market. The album was sold out in 25 minutes.

Global NFT Marketplace CYPHRLY partners with Marketing Company Cheil Worldwide

Cheil Worldwide has signed a MOU on brand NFT business with CYPHRLY, a global NFT marketplace by Dunamu’s affiliate. As a result of this partnership, Cheil will be responsible for planning and production of client’s brand NFT, while CYPHRLY will work on developing and operating its own platform tailored NFT. The two parties will work on introducing new types of NFT and to expand marketing as well as IP business based on the same.

NFT Statistics 📊

  • NFT Collections with Highest Sales
  • Top Sales of Individual NFT Collectibles
  • Blockchains with the Highest Sales Volume
  • Top NFT Marketplaces Based on Volume Story

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Akash Agarwal

Akash is a UG student from IIT Kharagpur. He is enthusiastic about the Crypto/Blockchain space and is always curious and open to any Web3 discussion.

Akash Agarwal

Akash is a UG student from IIT Kharagpur. He is enthusiastic about the Crypto/Blockchain space and is always curious and open to any Web3 discussion.

Rahul Kaushik

Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.

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