Italian professional soccer club AC Milan will launch its first non-fungible token (NFT) project in collaboration with cryptocurrency exchange BitMEX. The proceeds will go to the Fondazione Milan, the club’s charitable arm.
The limited edition collection will feature 75,817 NFT, a figure that represents the capacity of the San Siro stadium, home of the club. It is 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 partnered with AC Milan to contribute to the project by offering trading discounts and “other benefits” to the first 10,000 pre-orders. BitMEX will also make a donation to the Fondazione Milan by purchasing a “large number” 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, Solana’s largest NFT marketplace by volume, according to DappRadar, has confirmed that it will accept tokens from Aurory’s popular “DeGods DUST” and “AURY” NFT projects in the coming weeks.
The market first hinted at integrating the DUST token at the end of March, with the tweet “we’re integrating $DUST soon” on March 31. On April 1, a drawing of a Magic Eden-themed bar with the caption “$AURY” was tweeted.
$AURY pic.twitter.com/k5gQdHvZ8b
— Magic Eden Solana’s Leading NFT Marketplace (@MagicEden) April 1, 2022
“DeGods” is the most traded 30-day set on Magic Eden, according to its own statistics, and has a historical trading volume on the platform of 307,121 solanas (SOL), or $33.8 million at press time. “Aurory” ranks third in sales volume for a Solana NFT project according to DappRadar, with a historical volume of $79.5 million.
The integration of the tokens may be the platform’s latest attempt to establish itself as Solana’s native NFT market, after OpenSea announced that it will integrate Solana, putting 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.
NFT sales in Solana pick up steam
Solana’s NFTs are experiencing a significant increase in volume. In the past 24 hours, NFT trading volume on the Solana blockchain has reached over $9.2 million – an increase of 51.5% – according to analytics firm CryptoSlam.
It comes after a drop in Solana NFT trading volume was seen following the March 30 announcement that OpenSea would integrate the Solana blockchain. On April 6, the day before the integration, trading volume decreased by 34.4%.
Ethereum remains the number one network when it comes to NFTs, with $49.4 million in sales made in the last 24 hours.
In other news
Starbucks announced its foray into NFTs, and its CEO, Howard Schultz, has stated that “sometime before the end of the calendar year, we’re going to get into the NFT business.”
Autograph, the NFT platform co-founded by Tom Brady, has entered into a multi-year partnership with ESPN to create a documentary series and NFT collection titled “Man in the Arena: Tom Brady,” detailing the career of the NFL.
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