Paris MatchA French magazine auctions 75 iconic archive photos for Ethereum.ETH) non-fungible tokens (NFTsThe company is celebrating its 75th birthday.
Auctions began on June 17 The exhibition featured a carefully curated collection of historical images from Paris Match archives.
Included are images of icons from the entertainment world, such as The Rolling Stones and Orson Welles. Included are images of historical events such as the Fall of the Berlin Wall, scenes of Harlem, and even the Tour de France.
Every NFT order will come with a signed and numbered physical print. It bridges the gap between art collection and digital ownership. The starting bid for each image is 0.3 ETH. This is equivalent to $1,062 in current exchange rates.
Paris Match has now entered the NFT arena for the second time, having sold 120 NFTs successfully in January of 2023. For this auction, the magazine has partnered with Focus Bloc’s photo NFT platform as well as SuperRare.
CryptoSlam reports that NFT is the fastest growing global technology sales Volume has increased by 45% to reach $19.25million in the past 24 hours. Ethereum is leading with $7.19million in sales followed by Polygon, and Bitcoin.BTC).
Ethereum has been updated to the most recent version.ETH) is trading at $3,492.60, marking a 7% price decline over the past month.
Paris Match’s decision to adopt NFT technology, and to auction off its iconic photographic archive demonstrates its commitment to preserve its cultural heritage while adapting to digital age.
Experts weigh in on the approval of Spot Ethereum ETF
The analysts believe that there is a link between the approval The U.S. Securities and Exchange Commission’s (SEC) approval of Ethereum spot ETFs is expected to have a significant impact on Ethereum’s value. Experts believe Ethereum will see an increase of 60% to 75% similar to Bitcoin’s performance following the approval of ETFs.
Standard Chartered Analysts forecast Ethereum may reach $8000 by 2024 due to an estimated $45billion inflow into Ethereum ETFs. Raoul Pal and other experts are also predicting that Ethereum could reach $8,000 by the end of 2024. This is due to an estimated $45 billion influx into ETFs within the first year. predict Ethereum prices could rise to $17,000 or even $20,000 by the end of 2018. next Bull cycle
Ethereum dominates the NFT world. capturing In 2023, 72.3% market share will be achieved with an $8.54 billion trading volume.
The early adoption of Ethereum in the NFT industry, together with a vibrant developer community as well as an ecosystem specifically designed for NFT trading and creation is what has led to this leadership.
Ethereum is facing increasing competition, however, from blockchains such as Solana and Bitcoin. ImmutableX also has a growing following.
Ethereum’s NFT strength is bolstered by its well-established infrastructure and wide recognition. It offers a wide range of NFT markets and tools that make it an ideal platform for those who want to develop dynamic, sophisticated NFTs.
Ethereum is unable to scale due to its inherent nature. This can be overcome by implementing initiatives, such as the migration from Ethereum. proof-of-stake consensus (PoSRollups and layer-2 mechanisms can be used to improve performance.
Solana is different from other blockchains in that it offers lower gas charges and faster transaction speed, positioning it as a formidable competitor to Ethereum.
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Source: crypto.news