Japan Airlines NFTs could turn you into a samurai
Airline group Japan Airlines is embarking on the use of non-fungible tokens (NFTs) in collaboration with marketing firm Hakuhodo in a project called “Kokyo NFT”.
On February 5, the airline announced that it would continue to collaborate with Hakuhodo to conduct a second round of experiments as part of the Kokyo NFT project, following its initial testing phase earlier this month.
The collaboration aims to tokenize local experiences and real-world assets (RWA) into NFTs. The firms also continued to discuss how to create a “value story” that would allow out-of-state and local visitors to enjoy a local experience.
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The project's website also emphasizes that they aim to help owners “develop deeper connections with local communities.” This includes membership in a samurai family while staying in a traditional samurai mansion and immersion in samurai culture and traditions.
NFTs surpassed Ether in January
Meanwhile, NFT indices show that the digital collectibles space has outpaced gains in ETH, the best blockchain for NFTs by volume ever.
The NFT-500 index of the Nansen on-chain platform showed an increase of 9.35% from January 1 to January 31. The analytics platform's Blue Chip NFT Index also saw a similar gain of 9.76%.
On the other hand, according to Cointelegraph's ETH price index, the price of ether rose from $2,238 at the beginning of January to $2,291 at the end of the month. This means a 2.3% increase in the cryptocurrency asset for the entire month.
Related: GoDaddy charges $0 to merge ENS .eth names
Blue chip Solana NFTs are slowing down
In 2023, the Solana network surpassed the Ronin blockchain in record NFT sales, ranking second in the ranking of the best blockchain NFTs by platform. This puts Solana in second place behind Ethereum in total NFT sales.
The network continued to compete with Ethereum and Bitcoin in terms of NFT sales, fueled by Blue Chip NFT collections such as the DeGods NFT project and Tensorians. However, data shows that Blue Chip Solana NFTs have been slowly declining since December.
Solana NFT data tracker SolanaFloor shows that its Blue Chip Solana index peaked on December 26th and has been in decline ever since. Meanwhile, the overall minimum value and volume of blue-chip NFTs on Solana showed a similar downward trend.
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Solana NFTs aren't the only ones slowing their growth. As Cointelegraph previously reported, sales of Bitcoin ordinals fell in January 2024. Sales of 30-day ordinals fell from $868 million in December to $335 million in January. NFT author Andy Lian believes that the cause of the decline may have been an oversaturation of the NFT market.