NFT Market Update - 14th September, 2022

A new marketplace ‘Gonna Make It (GMI)’ is launching soon and will reward all OpenSea users based on their trading volume on OpenSea since its inception. The platform has an objective to raise $8.8M to help catapult GMI into the forefront of the NFT space.

Financial juggernauts Fidelity, Schwab and Citadel Securities plan to launch a new crypto currency exchange called EDX Markets. EDX will cater to institutional and retail investors and aims to “remove significant conflicts of interest that affect existing cryptocurrency exchanges.”

Ubisoft cools of on NFTs and blockchain, stating the company is in ‘research mode’ after CEO Yves Guillemot appeared to be walking back some of the company’s enthusiasm for NFTs, months after receiving strong pushback for its NFT project Quartz.

Magic Eden’s clarifies the platform is not enforcing ‘MetaShield’ rather projects get to choose whether they want to modify listed NFTs on zero royalty marketplaces thereby targeting sellers and not buyers.

$70 Million in art at MoMA is to be sold to extend museum’s digital reach. Masterpieces from CBS founder William Paley’s museum trove are heading to Sotheby’s this fall, as MoMA seeks to expand its online presence and possibly buy more digital art.