#NFT

The NFT project Taproot Wizards, initiated through the Bitcoin Ordinals protocol, has revealed its new collection titled Quantum Cats.

Former U.S. President Donald Trump has launched a new NFT collection named "Mugshot," inspired by his recent criminal allegations. Each NFT is priced at $99.

The total NFT trading volume for November 2023 witnessed a substantial 125% increase from the previous month, almost touching the $1 billion threshold. This spike is attributed to a significant jump in the average transaction value, which escalated by 114% to $270.

The number of daily active users on the decentralized social protocol Farcaster has quadrupled following an upgrade that introduced frame support. This feature allows users to use key functionalities (like NFT creation, token claims, and responding to inquiries) without the necessity for transaction signing or navigating to external links.

NFT marketplace OpenSea is actively working on its platform's new version, despite losing its top spot and witnessing a downturn in the NFT market. This update includes a total redesign of the website and improved functionality for interacting with diverse NFT types.

Jana Bertram, who leads the RARI Foundation, incorporating the NFT marketplace Rarible, acknowledges that NFT technology is generally perceived unfavorably within much of the crypto community. She suggests that a rebranding could potentially shift this perspective, but admits it's not a definitive solution.