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Notable Nifty News: Solana NFT Okay Bears rake in the dough, plus

On Thursday, OpenSea’s 24-hour sales records were topped by Okay Bears, a Solana-powered NFT, while a South African fine-wine NFT auction took off, collecting more than $180,000.

Okay Bears, a Solana-powered NFT, surpassed all other Ethereum (ETH) projects on OpenSea’s 24-hour sales tracker for the first time earlier today.

This is the first time a Solana (SOL) NFT project has topped the 24-hour sales tracking on popular NFT marketplace OpenSea.

The Solana-based NFT, which offers a collection of 10,000 unique bear photographs, said on Twitter that it has sold out of the collection just one day after it launched, raking in 231,000 SOL, or $23.1 million in total sales to date, according to NFT tracker Cryptoslam.

The Solana network has been gaining traction as a rival to Ethereum’s NFT market dominance. Today, it is the second most active blockchain in terms of 24-hour NFT sales volume.

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For the first time in the history of the South African wine industry, fine wine NFTs will be auctioned.

Five of South Africa’s greatest and most historic wine collections were auctioned as NFTs, collecting approximately 3 million Rand (US$186,800).

Strauss & Co, a fine art auctioneer and consultant, conducted the sale, with various wine estates participating, including Klein Constantia, Meerlust, Mullineux, Kanonkop, and Vilafonté. Two of the lots were instantly paid in Bitcoin (BTC).

“It demonstrates that collectors enjoy the possibility to own and trade exquisite wines through these new ownership certificates,” said Gert-Jan Van Rooyen, CEO of Web3 startup Fanfire, the auction’s technology partner.

“In the future, collectors will be able to store a whole portfolio of wines from around the world in their cryptocurrency wallets.”

Five NFT collections continue to outperform the rest.

According to Twitter user NFTstatistics.eth, who goes by the handle @punk9059, Bored Ape Yacht Club, Azuki, Clone X, Doodles, and Moonbirds NFTs continue to be the market’s top gainers.

With 17,000 followers, the Twitter user presents themselves as a custodian of NFT data, charts, and thoughts.

According to CryptoSlam, the five NFTs are now rated among the top 12 NFT collections in terms of sales.


Other Useful Information

ApeCoin (APE) had a brief selloff earlier this week following news that Bored Ape Yacht Club (BAYC), a prominent nonfungible token (NFT) company, reported losing $2.4 million in digital collectibles during a robbery.

A Chinese court recently handed down an unprecedented judgement against an NFT marketplace for allowing users to manufacture NFTs of stolen artwork. A user of NFTCN is accused of stealing the copyrighted artwork of Chinese painter and artist Ma Qianli.


Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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