Find regular updates on NFT- the most trending sector of recent times without missing out on key developments and the latest happenings.
Despite a general market slump, weekly sales of non-fungible tokens (NFTs) reached a high, surpassing levels not seen since August. The NFT market tracker CryptoSlam reports that sales peaked at around $84.9 million per week from September 30th to October 6th. Since the week ending August 25, when it surpassed
The NFT market recently witnessed a significant transaction with CryptoPunk 1563 being sold for a staggering 24,000 ETH, equivalent to over $56.3 million. This sale, which occurred on October 4, stands as one of the most prominent in the history of NFTs. The buyer, identified as 0x9cbb3d, used a flash
Bringing together the best of both worlds, Pos Indonesia, the state-owned postal service of Indonesia, has released its first-ever postage stamps including non-fungible token (NFT) equivalents. “Cenderawasih,” which translates to “bird of paradise,” is the subject of Pos Indonesia’s first NFT stamp, which the organization announced on its Instagram page.
Well, guess what? The NFT space might seem deadly quiet, but it may not be ‘dead.’ The market floor feels shaky and intensely bearish right now. Despite that, there’s a hustle for something fresh, and innovation is brewing. Projects attempt to pivot and explore new horizons. Or try to synergize
Two U.S. Securities and Exchange Commission (SEC) commissioners have expressed dissent over their agency’s $750,000 settlement with Flyfish Club, a restaurant using non-fungible tokens (NFTs) to sell memberships. The SEC’s Sept. 16 order stated Flyfish conducted an unregistered sale of crypto asset securities by offering 1,600 NFTs, raising $14.8 million.
Another decline in NFT market sales occurred during the last week, with a decline of 7.91% from the prior week. Both the number of buyers and sellers saw significant drops; the former fell by 73.46 percent and the latter by 61.18 percent from the previous week. According to DappRadar statistics,
In a dramatic twist, a CryptoPunks NFT that once commanded $1.5 million was recently sold for a mere $23,000. This sudden and steep decline in value has captured widespread attention and sparked discussions within the cryptocurrency community. The NFT, a highly coveted piece from the CryptoPunks collection, experienced a shocking
Mino Games, the creator of the digital card game Dimensionals, has announced a strategic shift from Web3 to Web2, abandoning its initial blockchain and NFT integration. The decision comes after the project encountered multiple setbacks that significantly impacted its revenue streams. Dimensional, which initially attracted attention for its blockchain-based gameplay
The NFT market is facing a severe crisis, with a staggering 96% now considered “dead”, according to NFT Evening’s 2024 report. This designation applies to NFTs that exhibit no trading volume, minimal sales over seven days, and almost no social media activity. The report analyzed more than 5,000 NFT collections
The monthly volume of sales for non-fungible tokens (NFTs) continued its downward trend in August, reaching $374 million, the lowest monthly sales volume of 2024. As of this year, digital collectibles have never before achieved a monthly volume below $400 million. The digital collectibles market was worth only $374 million
