Sorare moves to Solana, as FP GVC jumps +180%

The non-fungible token sector is once again in the headlines due to a resurgence in market activity, including a significant increase in market capitalization in a single day and an increase in sales volume. This comeback is driven by renewed interest from major players in areas such as video games and traditional industries, as well as a growing adoption of the technology beyond its original purpose as art and collectibles. In this article, we will evaluate some of the top NFT stories that made headlines this week.

Sorare moves to Solana

Sorare made headlines this week after announcing plans to move from an Ethereum Layer 2 blockchain network, StarkEx, to Solana. Over the weekend, Sorare, a blockchain-based fantasy sports game where fans can collect NFT player cards, confirmed that it was changing homes, this time migrating from Ethereum L2 StarkEx to the popular layer 1 network Solana. As part of this integration, it promised faster, cheaper, and more open ways to trade player cards.

Sorare described the migration of StarkEx, an Ethereum Layer 2 scaling solution, as “more than a technical upgrade,” calling it “a step forward in our vision to become the most open and flexible platform for digital sports collectibles.” This migration will allow users to unlock exciting new possibilities, including access to cards on a wider range of platforms, improvements to payment options, and access to upcoming features such as special promotions and new game mechanics.

Starting next week, ETH balances currently on StarkEx will all be migrated to Base, Coinbase’s layer 2 of Ethereum. This change will improve transaction efficiency while keeping the experience familiar. By the end of October, all Sorare cards will be transformed into Solana NFTs while preserving the rarity, serial number, season, XP and metadata of all trading cards. However, payments and rewards on the platform will be supported by both ETH and SOL.

GVC NFT floor price jumps +180%

Good Vibes Club is another non-fungible token project that made headlines this week after its floor price hit new highs. Earlier this week, the Good Vibes Club NFT team launched its highly anticipated NFT strategy in partnership with TokenWorks. In response to this launch, the floor price of the GVC NFT rose to 0.84 ETH. Over the last 30 days, the price of the GVC NFT has jumped +180% compared to last month.

source: nftpricefloor.com

The VibeStrategy ranks second after the flagship NFT strategy, PunkStrategy. Over the past 24 hours, VIBESTR, a utility token for the Good Vibes Club NFT strategy, generated $1.3 million in commercial sales volume. It has a market capitalization of $13 million and a floor price of $0.01225. During this period, PunkStrategy accumulated a commercial sales volume of $4.9 million. Its market capitalization is $133 million.

Source: Coingecko.com

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