Today’s Top NFT News: RARI Chain Introduces a Revolutionary Era of NFTs with Royalty Payments

In the last 24 hours, the non-fungible tokens (NFT) market has experienced minimal changes, with notable updates involving Pudgy Penguins, RARI Chain, and Magic Eden.

The sales volume has increased by 3.5%, reaching $31,574,164. However, buyers, sellers, and transactions have each decreased by approximately 1%, according to CryptoSlam.

A noteworthy development among the top 10 blockchains by NFT sales volume is Bitcoin reclaiming the second spot from Solana, with a substantial lead of $7.99 million compared to Solana’s $6.45 million.

In the top 10 collections, the most significant surge in the past day is observed in Bored Ape Yacht Club, skyrocketing by nearly 300% to $794,844. In contrast, Ordinals and Froganas follow with increases of 11.5%.

In terms of sales volume ranking, Ordinals lead with $1.34 million.

Today’s NFT news highlights Pudgy Penguins reaching milestones, the launch of RARI Chain’s mainnet ushering in a new era for NFTs, and Magic Eden’s updates on its Rewards program.

Pudgy Penguins has achieved a milestone of 50,000 accounts and sold over 750,000 toys globally. The licensed Penguins were featured in renowned retailers, contributing to positive exposure for Web3.

RARI Chain, an Ethereum Layer 3 blockchain on Arbitrum, has introduced its mainnet, aiming to address scalability issues in the NFT space. It incorporates royalty payments at the node level, ensuring automatic distribution at the time of sale. The release marks a new NFT era, empowering creators and minimizing gas fees.

Magic Eden’s new rewards program has led to a quadrupling of listings near the floor, a 250% rise in pools, and a significant presence of new Solana NFT wallets. Additionally, the platform will initiate a retroactive drop for Solana OGs, rewarding past activity starting from 2021.

In summary, these developments reflect the dynamic nature of the NFT market with advancements in technology, platform updates, and successful milestones for key collections.

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