Nifty News: Bitcoin surges to 2nd-largest NFT chain, StepN integrates Apple Pay and more

The NFT Unicorn b09be238-dee5-44ed-9cfa-7c930b0eb57f Nifty News: Bitcoin surges to 2nd-largest NFT chain, StepN integrates Apple Pay and more Crypto News

Bitcoin, the next biggest NFT network?

With nonfungible tokens (NFTs) still causing a stir among the Bitcoin community, the network has rapidly become the second-largest NFT chain, according to data from CryptoSlam.

Looking at the 24-hour, seven-day and 30-day metrics, CryptoSlam data indicates Bitcoin has hosted the second-largest amount of NFT sales volume across the market.

Over the past 30 days, Bitcoin has seen a whopping $167.47 million worth of NFT sales on secondary markets, though it’s still far behind the $395.95 million posted on Ethereum during that same period.

Notably, Bitcoin is now well ahead of its nearest competition, including Solana and Mythos Chain, which have only seen $55.8 million and $35.4 million worth of sales over the past 30 days, respectively.

30-day NFT sales volume by blockchain. Source: CryptoSlam

In terms of Bitcoin’s most popular NFT collections, Bitcoin Ordinals lead the way with $26.3 million worth of sales over the past 30 days, making it the fourth-highest-selling project across all blockchains during the period.

Next are Space Pepes and Bitcoin Frogs, which have attracted $12.24 million and $9.43 million worth of 30-day sales volume, respectively. At the time of writing, they are ranked 11th and 15th over the past month.

The NFT Unicorn c70b681a-dcba-4496-a9e5-2591513b6257 Nifty News: Bitcoin surges to 2nd-largest NFT chain, StepN integrates Apple Pay and more Crypto News
Top 15 highest-selling NFT projects over the past 30 days. Source: CryptoSlam

StepN into Apple Pay for the first time

According to Web3 lifestyle platform StepN, it has become the first blockchain-based gaming app to integrate with Apple Pay.

Developed by Web3 studio Find Satoshi Lab, StepN is known for its move-to-earn model which essentially rewards holders of its sneaker NFTs with crypto tokens based on how much they walk or jog.

In a May 22 announcement, the StepN team emphasized that the move marks a “momentous step” for the platform as it streamlines the in-app payments process by removing the “need to connect a separate crypto wallet.”

The NFT Unicorn a9d07f99-03a3-4a60-9fb0-0725b49cdff9 Nifty News: Bitcoin surges to 2nd-largest NFT chain, StepN integrates Apple Pay and more Crypto News
NFT sneakers. Source: StepN

The team also suggested that it will “remove barriers of entry” for those unfamiliar with setting up crypto and NFT wallets, which can be a complicated thing for newbies.

“This integration opens us up to a whole new audience, making Web3 more accessible to the masses. It bridges the gap between Web2 and Web3 technologies in an unprecedented way,” noted Find Satoshi Labs co-founder Yawn Rong.

A downside of this however, is that given that StepN has integrated with Apple’s payment services as opposed to taking payments externally, this likely means the firm will have to pay the 30% “Apple Tax” on all transactions made via the Apple Store.

Become an ‘idiot sandwich’ in the Metaverse

Metaverse-goers are about to get their first taste of famed chef Gordon Ramsay’s unique style of motivational speech. The Sandbox has teamed with ITV Studios and Gordon Ramsay’s Hell’s Kitchen, to launch a “multi-dimensional, participatory adventure” in its Metaverse gaming platform.

As per a May 20 announcement, the experience will revolve around cooking competitions in the virtual recreation of Ramsay’s kitchen from his famous show.

Participants will be able to take part in a series of challenges to win prizes such as HexClad frying pans and 20,000 SAND tokens. Certain winners will also get a chance to have their virtual cooking reviewed by Ramsey himself via Discord.

There will also be Hell’s Kitchen themed 2333 unique NFT avatars that will go up for sale, suggesting that Ramsey’s noggin could be floating all around The Sandbox.

Openfort raises $3M for web3 gaming wallet service

Blockchain gaming infrastructure startup Openfort has closed a $3 million seed funding round to further develop its Web3 gaming “wallet-as-a-service” product.

The round was led by Gumi Cryptos Capital and Maven 11, with participation from Game7, NGC Ventures and Newman Capital.

Related: Should Bored Apes or other NFTs be regulated as securities?

The firm will use the capital to expand its wallet product and secure partnerships in the Web3 gaming space.

Openfort’s wallet solution is currently in private beta and consists of multiple-user-friendly Application Programming Interfaces that are compatible with Unreal Engine, Unity and React, across browsers, PCs, and eventually, mobile devices.

This means that gamers will have an easier time interacting with Web3 wallets and games, by automating less-important blockchain transactions via “account abstraction” to make blockchain gaming smoother.

Other Nifty News

The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s NFT collection fetched $2.5 million at its conclusion on May 19.

On May 22, GameFi project Gala Games announced that it has partnered with Las Vegas poker streaming platform PokerGO to launch a new Web3 and NFT-related social poker game.

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Source: Cointelegraph