Top Crypto News: 8/03

After making a daily high of $39,939, Bitcoin is now trading at $38,123. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $2,502.

Let’s find out some interesting crypto news stories for the day.

1 – Massive Surge in NFT Marketplace Trading Volume

The non-fungible tokens (NFT) market has recorded a whooping high in trading volume last week. As per CoinDesk, the Ethereum chain’s NFT trading volume reached $171 million, which is up 338% since the previous month. Impressively, OpenSea recorded the highest NFT trading volume in the past two days.

As per DappRadar, OpenSea trading volume was $35 million on July 31 but reached $49 million on August 1. Moreover, this volume includes the trading of famous CryptoPunks, which had reached $78.4 million over the weekend. In addition, this trading volume also includes other collectibles such as ArtBlocks, Bored Ape Yacht Club (BAYC), and more.

2 – NFT E-Commerce Platform NFTify Now Live for Everyone

NFTify, the e-commerce platform, has announced the open access of its platform to all users. NFTify is a next-generation NFT e-commerce platform and one-stop-shop for designing an influential NFT marketplace.

Notably, users now get free access to enjoy exciting features such as one-click NFT shop creation, highly customizable NFT stores, free Shopify of NFTs on Web 3, and more. Further, users can register and open their own NFTify store by clicking here. Additionally, the team also has plans to add more exciting features in the near future.

3 – Blockchain-Based Gaming Platform Enjin Launches NFT Giveaway

Popular blockchain-based gaming platform Enjin launched an NFT giveaway. In this giveaway, participants can win one of five exclusive EnjinQuest NFTs being given away. Enjin is a pioneer in the NFT space and the originator of the ERC-1155 NFT standard.

Notably, the team will randomly select the winners on August 6, 2021. The steps which are to be followed to participate in this giveaway are a) follow Enjin’s Twitter account, b) tag two of your friends, and c) then like and retweet the tweet shown below.

4 – DAFI Protocol Launched Its Liquidity Mining Campaign With Lucrative Rewards

DAFI Protocol has declared the launch of its liquidity mining campaign. As per the tweet, users can stake DAFI to earn $DAFI tokens on the AscendEX exchange. Further, the team has allocated a total of $15,000 worth of DAFI tokens as rewards.

DAFI Protocol resolves various issues faced by the blockchain networks. It aims to mitigate excess token supply concerns by replacing simple tokens with dTokens. Notably, this staking is a 12-week liquidity mining campaign, which will start on August 3, 2021, at 12:00 am UTC. More details regarding this liquidity pool can be found here.

5 – FEAR Teams up With NFTrade to Launch $FEAR NFT Farming

FEAR has revealed the launch of $FEAR NFT farming on NFTrade. As stated, users can stake their tokens in the FEAR NFT Farm on NFTrade to earn lucrative rewards.

Additionally, stakers can also earn synthetic tokens (nFEAR), which will be issued by NFTrade. The longer the time period users stake $FEAR in the farm, the more nFEAR they can earn. Users can also redeem these tokens to claim their NFT. There are four specific NFT variations in this first batch.

Fear is a blockchain-based horror gaming and NFT project which provides gamers and crypto enthusiasts an opportunity to own unique and rare NFTs. NFTrade offers one of the unique features of p2p NFT swapping. The Fear NFT Farm can be found on both the Fear website and on the NFTrade platform.

6 – Splyt Launches a Giveaway of 10,000 SHOPX Tokens

In the last bit of crypto news for today, we have Splyt launching a giveaway. For this giveaway, the first-place winner would receive 5,000 SHOPX. In addition, five runners up would be receiving 1,000 SHOPX each. Splyt is an e-commerce NFT infrastructure that connects e-commerce stores, brands, and affiliates.

The steps which are to be followed to participate in this giveaway are a) follow Splyt’s Instagram, b) tag two of your friends, and c) like and comment on the Instagram post. Notably, the team will randomly select the winners on August 6, 2021.

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