NFT News: Sorare moves to Solana, while GVC FP jumps +180%

The non-fungible token sector is once again making headlines due to a revival in market activity, including a significant one-day increase in market capitalization and increased trading sales volume. This comeback is being driven by renewed interest from major players in areas such as gaming and traditional industries, along with growing acceptance of the technology beyond its original focus on art and collectibles. In this article, we’ll review some of the top NFT stories making headlines this week.

Sorare moves to Solana

Sorare has made headlines this week announce plans to switch 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 houses, this time migrating from Ethereum L2 StarkEx to the popular Layer 1 net Solana. Under this integration, it has 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.” With this migration, users can unlock exciting new capabilities, including access to maps on a wider range of platforms, improvements to payment options, and access to upcoming features such as special promotions and new gameplay mechanics.

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

GVC NFT floor price rises 180%

The Good Vibes Club is another non-fungible token project making headlines this week after its rock bottom 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 GVC NFT floor price has increased to 0.84 ETH. Over the past 30 days, the GVC NFT price has increased +180% from the past month.

source: nftpricefloor.com

The VibeStrategy ranks second after the flagship NFT strategy, PunkStrategy. In the last 24 hours, VIBESTR, a utility token for the Good Vibes Club NFT strategy, has raised a trading sales volume of $1.3 million. It has a market cap of $13 million and a floor price of $0.01225. During this period, PunkStrategy has amassed a trade sales volume of $4.9 million. It has a market capitalization of $133 million.

Source: Coingecko.com

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