Rarible fixes bugs, real and virtual house auctions, Mega City in The Sandbox

NFT marketplace Rarible has temporarily canceled OpenSea’s order book and issued a series of tweets outlining how it plans to use a new order management tool to help combat so-called “risk sell orders” on OpenSea.

The tool is designed to help users differentiate between their active and inactive orders to help prevent their NFTs from being sold by mistake, even if they cancel an OpenSea order by transferring assets to another wallet.

Part of Rarible's business model is to aggregate OpenSea orders on its platform.

Since late December 2021, OpenSea users have noticed a bug allowing them to continue selling assets on Rarible even after their assets have been transferred to another wallet. Rarible explained:

"When you transfer the item out, the order can no longer be executed. But when the item is back in your wallet, the order is active again on-chain. The safe way to delete a list is to cancel it on-chain."

Rarible's tool shows orders as active or inactive, alleviating confusion about which assets are being sold. “Active orders are in progress right now and require most of your attention,” Rarible tweeted, while “inactive orders are orders that will become active when the NFT returns to your wallet.”

According to DappRadar, Rarible is currently the ninth largest NFT marketplace.

Buy LAND near the new Mega City in The Sandbox

Metaverse platform and decentralized game virtual world The Sandbox (SAND) announced that it will create a Mega City, focusing on contemporary cultural icons and the expansion of Hong Kong culture in Metaverse.

A series of new partners who own LAND and are well-known in Hong Kong have signed up, including the rich man Zheng Zhigang, investment leader Sun Hung Kai, professional services company PricewaterhouseCoopers Hong Kong, blockchain-related investment and asset management company Times Capital, director, producer Also actor Feng Delun, actor Shu Qi, musician Dough-Boy, game IP "Little Fighter" (Little Fighter) and local illustrator Sesame Lamb (Dreamergo).

The Sandbox is planning to run a LAND sale on January 13, allowing users to buy LAND outside the center of Mega City.

Yat Siu, CEO of Animoca Brands, a major backer of The Sandbox, said:

"The Sandbox and the virtual land really captured the imagination and attention of people in the area."

Real and Virtual Homes Auctioned

ONE Sotheby's International Realty, in partnership with Voxel Architects, will sell an actual house and a virtual replica in The Sandbox.

The real house, in Miami, USA, will be an 11,000-square-foot home with seven bedrooms and nine bathrooms, set on an acre of land. The homes, still under construction, are expected to be auctioned at Sotheby's in 2022. A price range has yet to be determined.

CoolWallet Pro will support NFT

Crypto wallet CoolWallet Pro maker CoolbitX announced at the 2022 International Consumer Electronics Show (CES) that its crypto wallet has added NFT support.

Integrated support for NFTs will be available for NFT marketplaces OpenSea and Rarible. The brand hopes to attract new users into the crypto space and introduce them to the metaverse and Play to Earn. CoolBitX founder and CEO Michael Ou said:

"CoolWallet's support for NFTs will help seamlessly blend our users' physical and virtual worlds, enabling them to confidently manage and protect their encrypted assets and digital collectibles."

NFT sales hit $530 million in 7 days

According to data from Nonfungible, the NFT market is continuing its frenzied growth from 2021, with total sales of $530 million in the first week of 2022, and an average price of $5,215 per asset, a record high. According to a report by DappRadar, more than $23 billion in NFTs were sold last year.

The largest sale in the past seven days was a SuperRare NFT that fetched nearly 250 ETH ($939,787). Bored Ape Yacht Club had the highest transaction volume for the same period at $216,869.

Other NFT News

Digital asset management firm Metaversal has closed a $50 million funding round to help expand its NFT portfolio and investment capabilities in the Metaverse and NFT space. The round was led by Coinfund and Foxhaven.

Golf startup LinksDAO has raised $10.5 million to buy golf courses and develop the LINKS cryptocurrency. Funding was raised through NFT sales of more than 9,000 “leisure memberships” and “global memberships.”

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