September nft Sales Hit Lowest Volume Since 2021
Since January 2021, nft sales have not been this low until September. All sales amounted to $296 million, 20% less than in August and 81% less than in March, according to data from CryptoSlam. In the nft market, which has seen a decline in sales and user participation in recent months, this notable drop indicates persistent problems.
The number of transactions saw a significant decline in addition to the overall drop in sales volume. From 7.3 million in August to 4.9 million in September, nft transactions decreased. The average transaction value saw a marginal increase despite the overall downward trajectory. After reaching $50.71 in August, the average transaction value rose to $60 in September. This indicates that although there are fewer transactions, individual transaction values may be improving slightly.
Indonesian Postal Service issues nft stamps
With the introduction of nft-embedded postage stamps, indonesian mailthe largest postal service in the country, has joined the nft community. The state-owned company introduced “Cenderawasih,” or the bird of paradise, in its first nft stamps. These seals represent a fusion of traditional shipping with blockchain innovation.
Source: PostIndonesia
The new stamps, according to Pos Indonesia, are intended to appeal to both mainstream stamp collectors and nft enthusiasts. The startup aims to maintain links to the historical practice of collecting postage stamps while also establishing a new market for digital collectors by merging blockchain technology with an established hobby like stamp collecting.
Hamster Kombat introduces nfts as in-game assets
Hamster Kombat, a popular Telegram clicker game, has announced its plans to integrate nfts. The game, which is already viral in the Web3 space, shared its roadmap for the end of 2024 and next year. November is when the nft integration is scheduled to occur. The creators have not yet fully revealed the functionality of nfts in the game, although it is anticipated that they will be important features within the game.
Source: Hamster Combat
The addition of nfts could spark renewed interest in digital collectibles. Hamster Kombat's huge user base of over 300 million players could influence nft participation within the game. This move comes at a time when digital assets face challenges in maintaining high user activity, making Hamster Kombat's nft integration an important development to follow.
Metaverse platforms could help combat loneliness
An answer to the growing loneliness epidemic may lie in the metaverse. Decentraland lead producer Bay Backner was bullish on decentralized metaverse platforms in a recent interview with Cointelegraph. Backner believes that the passion people have for virtual worlds could lead to meaningful connections in the online space.
Backner emphasized the community-driven nature of Web3 platforms, which could foster stronger ties than traditional social media platforms. Metaverses like Decentraland, with their decentralized structure, facilitate more meaningful social contact between users, allowing them to build real connections through common experiences in the virtual world. In today's increasingly digital environment, this offers a promising way to fight loneliness.
