During the month of October, the top five NFT marketplaces surpassed the $40 billion mark, in terms of all-time sales, with approximately $41.36 billion on Oct. 29, 2022. The largest NFT marketplace in terms of sales was Opensea as it nears the $33 billion range with $32.76 billion recorded on Saturday.

Data suggests that the $32.76 billion in sales were executed by $2.34 million traders. On Saturday, Oct. 29, the average price paid for an NFT via Opensea is around $352. Opensea is followed by the Axie Marketplace ($4.26B), Magic Eden ($1.83B), Looksrare ($1.62B), and X2Y2 ($891M).

Reddit has continued its incredible run, as its NFTs (digital collectible avatars) rallied to a cumulative sales volume of $10 million on October 31, barely three months after its launch 🤯🚀. The rapid rise in sales volume comes following the platform’s launch of its second series of Reddit collectibles avatars on October 20.

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Visa, the official payment technology partner of FIFA, has announced the launch of a series of unique digital collectibles representing iconic goals from five legendary footballers. The Visa Masters of Movement NFTs are now available on Crypto.com, which is FIFA’s official crypto trading platform sponsor.

The auction comes ahead of the 2022 World Cup, which will be held between Nov. 20 and Dec. 18 this year. The experience will come to life later this month on an interactive pitch at the FIFA Fan Festival in Doha, where fans will be also offered an opportunity to create digital art inspired by their signature movements and mint it into their own NFT, a press release detailed.

Commenting on the initiative, Senior Vice President and Head of Sponsorships at Visa Andrea Fairchild stated: “As FIFA World Cup 2022 approaches, we want to celebrate football, art and technology through the lens of what makes the FIFA World Cup so special — wildly impassioned fans, legendary athletes and for a few short weeks, the ability to bring the world together in a uniquely connected way.”

In other headlines,

• MetaMask rolls out NFT portfolio value tracker with new partnership. Read More
• Ripple CTO Declares NFT Revolution on XRP Ledger. Read More
• Twitter Will Allow Users to Buy and Sell NFTs Through Tweets. Read More
• Hong Kong Launches Proof-of-Concept NFT for Fintech Week. Read More
• Swiss Digital Asset Bank Sygnum Launches NFT Issuance, Consulting and Custody Services. Read More

Crypto Rebel is a proud media partner of this year's World Of Web 3 (WOW) Summit in Lisbon!

World of Web3 is the most striking event to learn about Blockchain, AI, DeFi, NFTs, and Metaverses. This Summit connects global NFT and DeFi leaders with international businesses, government authorities, tech visionaries, investors, and developers!

Our CEO Mik Mironov is set to speak alongside a host of top web 3 stakeholders. Be sure to join us on the 1st - 3rd of November, 2022!

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Ernst & Young LLP (EY), one of the big four companies in accounting, announced recently that it would integrate metaverse capabilities into EY wavespace, a team collaboration tool.

The company aims to improve the level of engagement and the quality of communication among company employees and teams using the application, which will now allow users to interact with others on an immersive level. EY wavespace will now include features for users to communicate in various modes: in-person, virtual, hybrid, and now in the metaverse, allowing its customers to take advantage of these interactions.

To EY, adding such functionalities to its products is part of satisfying the interest many of its customers from all sectors and industries have in the metaverse. Edwina Fitzmaurice, EY global chief customer success officer, stated: “At this stage, the metaverse is about creativity and opportunity, not certainty, and I am excited for EY teams to continue shaping a road map for how clients can anticipate and transform for this next frontier of human experience.”

In other news,

• Ralph Lauren Partners with Fortnite. Read More
• Gucci Expands Web3 Strategy With a Metaverse Hub on The Sandbox. Read More
• Norway Establishes Metaverse Tax Office in Decentraland. Read More
• Steph Curry files a trademark for the Curryverse, where players earn NFTs. Read More
• Warner Bros Discovery Sports Jumps on the Metaverse Train with Infinite Reality. Read More