Day: July 19, 2024

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Solana Monkey Business Tops NFT Sales

Solana Monkey Business has emerged as a dominant force in the NFT market, achieving a daily sales figure of $971,164 on Thursday, according to data from CryptoSlam. This remarkable performance underscores the growing popularity and influence of Solana Monkey Business in the digital asset space.

Solana Blockchain’s Rise in the NFT Market

The Solana blockchain, home to the top-ranking Solana Monkey Business collection, saw a 4% increase in daily sales, reaching $3.23 million. This impressive growth propelled Solana to the top of the NFT market, placing it third in sales volume on Wednesday and breaking a two-day streak of Gods Unchained leading the market.

All-Time Sales and Market Position

Solana Monkey Business has accumulated an all-time sales volume of $208.9 million, positioning it close to the sector’s 30th spot, currently held by SATS, a BRC-20 NFT. The significant sales figures highlight the collection’s robust market presence and potential for further growth.

Competing Collections and Sales Figures

While Solana Monkey Business led the market, other notable collections also recorded significant sales. DMarket secured the second rank with a total sales volume of $573,154, involving 3,137 unique buyers and 2,841 sellers. Despite a slight dip from the previous day’s sales of $603,635, DMarket maintained a strong market position.

Ethereum’s Leading Position

Ethereum continued to lead all blockchains with a daily sales volume of $4.56 million. Within the Ethereum ecosystem, the Bored Ape Yacht Club, the NFT market’s second all-time leader in sales, secured the third position with a daily sales volume of $519,100.

Shifts in Market Leadership

Gods Unchained Cards, which had led the market for two consecutive days, fell to the fourth spot. The DogeZuki collection followed closely, securing the fifth position in daily sales.

Consistent Performers in the Market

Pudgy Penguins also made headlines with a daily sales volume of $428,658, maintaining its position in the top 10 daily sales list. The consistency of Pudgy Penguins highlights its steady demand and market relevance in the ever-evolving NFT landscape.

Future Prospects for Solana Monkey Business

The success of Solana Monkey Business and the overall performance of the Solana blockchain indicate a promising future for these digital assets. As the NFT market continues to expand, collections like Solana Monkey Business are likely to attract more investors and enthusiasts, further solidifying their market positions.

Conclusion

Solana Monkey Business has demonstrated its dominance in the NFT market with impressive sales figures, driving the performance of the Solana blockchain. With continued growth and strong market presence, Solana Monkey Business is set to remain a key player in the digital asset space. Other collections like DMarket, Bored Ape Yacht Club, and Pudgy Penguins also contribute to the vibrant and competitive NFT market, showcasing the diverse opportunities and dynamic trends within this sector.

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This post was originally published on this site

Solana Monkey Business Tops NFT Sales

Solana Monkey Business has emerged as a dominant force in the NFT market, achieving a daily sales figure of $971,164 on Thursday, according to data from CryptoSlam. This remarkable performance underscores the growing popularity and influence of Solana Monkey Business in the digital asset space.

Solana Blockchain’s Rise in the NFT Market

The Solana blockchain, home to the top-ranking Solana Monkey Business collection, saw a 4% increase in daily sales, reaching $3.23 million. This impressive growth propelled Solana to the top of the NFT market, placing it third in sales volume on Wednesday and breaking a two-day streak of Gods Unchained leading the market.

All-Time Sales and Market Position

Solana Monkey Business has accumulated an all-time sales volume of $208.9 million, positioning it close to the sector’s 30th spot, currently held by SATS, a BRC-20 NFT. The significant sales figures highlight the collection’s robust market presence and potential for further growth.

Competing Collections and Sales Figures

While Solana Monkey Business led the market, other notable collections also recorded significant sales. DMarket secured the second rank with a total sales volume of $573,154, involving 3,137 unique buyers and 2,841 sellers. Despite a slight dip from the previous day’s sales of $603,635, DMarket maintained a strong market position.

Ethereum’s Leading Position

Ethereum continued to lead all blockchains with a daily sales volume of $4.56 million. Within the Ethereum ecosystem, the Bored Ape Yacht Club, the NFT market’s second all-time leader in sales, secured the third position with a daily sales volume of $519,100.

Shifts in Market Leadership

Gods Unchained Cards, which had led the market for two consecutive days, fell to the fourth spot. The DogeZuki collection followed closely, securing the fifth position in daily sales.

Consistent Performers in the Market

Pudgy Penguins also made headlines with a daily sales volume of $428,658, maintaining its position in the top 10 daily sales list. The consistency of Pudgy Penguins highlights its steady demand and market relevance in the ever-evolving NFT landscape.

Future Prospects for Solana Monkey Business

The success of Solana Monkey Business and the overall performance of the Solana blockchain indicate a promising future for these digital assets. As the NFT market continues to expand, collections like Solana Monkey Business are likely to attract more investors and enthusiasts, further solidifying their market positions.

Conclusion

Solana Monkey Business has demonstrated its dominance in the NFT market with impressive sales figures, driving the performance of the Solana blockchain. With continued growth and strong market presence, Solana Monkey Business is set to remain a key player in the digital asset space. Other collections like DMarket, Bored Ape Yacht Club, and Pudgy Penguins also contribute to the vibrant and competitive NFT market, showcasing the diverse opportunities and dynamic trends within this sector.

Featured Image: Freepik

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This post was originally published on this site

Ryan Selkis Steps Down from Messari

Ryan Selkis, the co-founder of blockchain analytics firm Messari, resigned as CEO on Friday following a series of politically charged tweets. Selkis, who had become a prominent figure in the crypto industry, announced his decision after facing backlash for his support of former President Donald Trump. Despite stepping down, he will continue to serve as an advisor to Messari.

Controversial Tweets and Backlash

Selkis briefly made his X account private on Thursday after telling a green card holder he hoped “we send you back.” The following day, he announced his resignation, acknowledging that his political rhetoric had put his team in harm’s way. “This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s way,” Selkis tweeted.

Rise in the Crypto Industry

Known for his brash personality, Selkis carved out a notable presence on social media and the conference circuit. He entered the crypto sector as a consultant before becoming a director at Digital Currency Group and later, managing director at CoinDesk. In early 2018, he co-founded Messari, aiming to compete with traditional financial services like Bloomberg.

Messari’s Growth and Achievements

Under Selkis’s leadership, Messari grew to become one of the most popular platforms in the crypto space. The firm raised $35 million in a Series B round in 2022 from Brevan Howard Digital, Point72, and Coinbase Ventures, valuing it at $300 million. Messari also organizes the New York-based conference Mainnet, where Selkis often conducted high-profile interviews.

Shift in Political Support

While Selkis previously supported President Biden, he became a vocal backer of Trump in recent months. Trump invited Selkis to speak at a Mar-a-Lago event in May, coinciding with Trump’s newfound support for crypto. Selkis used his influential X account, which boasts over 350,000 followers, to share his strong political opinions, including a tweet suggesting that “anyone that votes against Trump at this point can die in a fucking fire.”

Leadership Changes at Messari

Following his controversial tweets, Selkis had a “tough love” session with Messari’s leadership. He admitted to “running too hot” and acknowledged the need for change. Eric Turner, the chief revenue officer, will step in as interim CEO. “Messari would not be the company it is today, or what it will be in the future, without Ryan’s clear vision and devoted leadership,” the company stated on X.

Board and Team Reactions

Jeff Clavier, founder of venture firm Uncork Capital and a Messari board member, confirmed that the board and team decided Selkis should step down after his inflammatory posts. “From a company standpoint, there were things that were said that shouldn’t have been said,” Clavier explained. He noted that while Selkis might still be involved with Mainnet, his role as emcee is uncertain.

Conclusion

Ryan Selkis’s resignation as Messari CEO marks a significant shift in the crypto industry. His controversial tweets and subsequent departure highlight the challenges of balancing personal political views with professional responsibilities. As Eric Turner takes over as interim CEO, the industry will be watching closely to see how Messari navigates this transition and continues its growth trajectory.

Featured Image: Freepik

Please See Disclaimer

This post was originally published on this site

Ryan Selkis Steps Down from Messari

Ryan Selkis, the co-founder of blockchain analytics firm Messari, resigned as CEO on Friday following a series of politically charged tweets. Selkis, who had become a prominent figure in the crypto industry, announced his decision after facing backlash for his support of former President Donald Trump. Despite stepping down, he will continue to serve as an advisor to Messari.

Controversial Tweets and Backlash

Selkis briefly made his X account private on Thursday after telling a green card holder he hoped “we send you back.” The following day, he announced his resignation, acknowledging that his political rhetoric had put his team in harm’s way. “This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s way,” Selkis tweeted.

Rise in the Crypto Industry

Known for his brash personality, Selkis carved out a notable presence on social media and the conference circuit. He entered the crypto sector as a consultant before becoming a director at Digital Currency Group and later, managing director at CoinDesk. In early 2018, he co-founded Messari, aiming to compete with traditional financial services like Bloomberg.

Messari’s Growth and Achievements

Under Selkis’s leadership, Messari grew to become one of the most popular platforms in the crypto space. The firm raised $35 million in a Series B round in 2022 from Brevan Howard Digital, Point72, and Coinbase Ventures, valuing it at $300 million. Messari also organizes the New York-based conference Mainnet, where Selkis often conducted high-profile interviews.

Shift in Political Support

While Selkis previously supported President Biden, he became a vocal backer of Trump in recent months. Trump invited Selkis to speak at a Mar-a-Lago event in May, coinciding with Trump’s newfound support for crypto. Selkis used his influential X account, which boasts over 350,000 followers, to share his strong political opinions, including a tweet suggesting that “anyone that votes against Trump at this point can die in a fucking fire.”

Leadership Changes at Messari

Following his controversial tweets, Selkis had a “tough love” session with Messari’s leadership. He admitted to “running too hot” and acknowledged the need for change. Eric Turner, the chief revenue officer, will step in as interim CEO. “Messari would not be the company it is today, or what it will be in the future, without Ryan’s clear vision and devoted leadership,” the company stated on X.

Board and Team Reactions

Jeff Clavier, founder of venture firm Uncork Capital and a Messari board member, confirmed that the board and team decided Selkis should step down after his inflammatory posts. “From a company standpoint, there were things that were said that shouldn’t have been said,” Clavier explained. He noted that while Selkis might still be involved with Mainnet, his role as emcee is uncertain.

Conclusion

Ryan Selkis’s resignation as Messari CEO marks a significant shift in the crypto industry. His controversial tweets and subsequent departure highlight the challenges of balancing personal political views with professional responsibilities. As Eric Turner takes over as interim CEO, the industry will be watching closely to see how Messari navigates this transition and continues its growth trajectory.

Featured Image: Freepik

Please See Disclaimer