NFT Market Update - 7th September, 2022

Binance, the world’s largest cryptocurrency exchange, removed suppport for USDC and puts out it’s own stablecoin, BUSD. The company would convert customer’s balance of USDC into BUSD - the move is designed to “enhance liquidity and capital-efficiency for users.”

Pixel Vault launched their own marketplace at market.pixelvault.com. The marketplace will “help collectors keep everything organized within our complex ecosystem” with listings aggregated from Rarible and OpenSea, and no marketplace fees.

Following in Samsung’s footsteps, LG Electronics introduced LG Art Labs, a one-stop show solution that allows users to discover, buy, sell, and display NFTs from LG’s smart TVs.

The David Bowie estate is launching on OpenSea a new NFT series, “Bowie on the Blockchain” that will feature works from nine artists paying homage to the late music legend. Artist line-up includes Nadya Tolokonnikova of Pussy Riot, Fewocious, Jake - all profits donated to CARE, a non-profit for which Bowie’s widow Iman serves as a global advocate.