Italian professional soccer club AC Milan will launch its first non-fungible token (NFT) project in collaboration with cryptocurrency exchange BitMEX. Proceeds will go to Fondazione Milan, the clubs' charitable arm.
The limited edition collection will feature 75,817 NFTs, a number representative of the capacity of the club's home stadium, the San Siro. It will show a 3D image of a T-shirt found in South Sudan by Danish war photographer Jan Grarup, who was in the country documenting widespread flooding last December.
BitMEX has partnered with AC Milan to contribute to the project by providing trading discounts and "other benefits" to the first 10,000 pre-orders. BitMEX will also donate to Fondazione Milan by purchasing a "large amount" of NFTs.
According to the announcement, the club says the proceeds will help fund its charitable causes around the world, specifically mentioning the Ongoing crisis in Ukraine and a UNICEF project in South Sudan.
Magic Eden will accept tokens from the DeGods and Aurory projects
Magic Eden, the largest market by volume of Solana NFT, according to DappRadar, has confirmed that it will accept tokens from popular Solana NFT projects "DeGods DUST" and "AURY" from Aurory in the coming weeks.
The market first teased the DUST token integration in late March, tweeting “brb integrating $DUST” on March 31. On April 1, a drawing of a Magic Eden-themed bar was tweeted with the caption "$AURY".
$AURY pic.twitter.com/k5gQdHvZ8b
— Magic Eden Solana's leading NFT marketplace (@MagicEden) April 1, 2022
“DeGods” is the most traded set in 30 days at Magic Eden, according to his own stats, and has an all-time trading volume on the platform of 307,121 Solana (SUN), or $33.8 million at the time of this writing. “Aurory” ranks third overall in sales volume for a Solana NFT project according to DappRadar, with a historical volume of $79.5 million.
Related: Content creators introducing a new paradigm with NFT
The integration of the tokens may be the platform's latest attempt to solidify itself as Solana's native NFT marketplace after OpenSea announced that it will integrate Solanaputting the two platforms in direct competition.
Tiffany Huang, head of content and marketing at Magic Eden, reportedly stated that the platform was looking to integrate tokens from other “blue chip” NFT collections.
Solana NFT sales are gaining momentum
Solana NFTs are experiencing a significant increase in volume. In the last 24 hours, NFT sales volume on the Solana blockchain exceeded $9.2 million, an increase of 51.5%. according to the analysis firm CryptoSlam.
It comes after a drop in Solana NFT trading volume was seen following the March 30 announcement that OpenSea would integrate the blockchain when OpenSea announced the integration of Solana. On April 6, the day before the integration, trading volume decreased by 34.4%.
Ethereum remains the top network when it comes to NFTs, with $49.4 million in sales made in the last 24 hours.
Other clever news
starbucks has announced its foray into NFTswith CEO Howard Schultz stating that "sometime before the end of the calendar year, we will be in the NFT business."
Autograph, the NFT platform co-founded by Tom Brady, has signed a multi-year association with ESPN to create a collection of docuseries and NFTs titled "Man in the Arena: Tom Brady," detailing the NFL legend's career.
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