Find regular updates on NFT- the most trending sector of recent times without missing out on key developments and the latest happenings.
Non-fungible tokens are one of the admirable applications of blockchain technology. Ethereum has brought a viable network to launch and trade NFT collections, which led to the boom of NFTs in 2021 and 2022. However, their trading activity and the hype around NFTs diminished largely in the last couple of
A group of NFT holders has filed a class-action lawsuit against Nike, accusing the company of conducting a “rug pull” with its RTFKT. The lawsuit, filed in the U.S. District Court for the Eastern District of New York, seeks $5 million in damages. Led by RTFKT holder Jagdeep Cheema, the
Over the weekend, the crypto market showed a brief bullish return, much to the joy of investors. Bitcoin reclaimed $86K after the past week’s crash. Although it has currently returned to the $84K level, it has instilled hopes for a market recovery. Meanwhile, Trump’s memecoin, Official Trump, is set to
The Doodles NFT collection has achieved a remarkable $16 million in weekly trading volume following its announcement of $DOODS, a Solana-based meme coin. This surge marks the collection’s second-highest trading peak in 2024, demonstrating the growing trend of established Ethereum NFT projects expanding into Solana’s memecoin ecosystem. Strategic Evolution in
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into OpenSea without filing charges. OpenSea’s CEO, Devin Finzer, described this move as a victory for the NFT industry. The SEC is closing its investigation into @opensea. This is a win for everyone who is creating and building
OpenSea has regained dominance in the Ethereum NFT marketplace, capturing 71.5% of the market share this past week. Four weeks ago, it held only 25.5%, with Blur leading the space. The surge aligns with OpenSea’s announcement of its long-awaited native token, $SEA, on Feb. 13. Since the announcement, OpenSea’s daily
NFT project Azuki introduced a new web3 platform for Anime Fans. The company launched “Anime.com” which uses Web3 technology and is focused on catering to anime fans. Through this platform, users will be able to watch anime content, create customizable avatars, and also trade NFTs. Azuki aims to bridge the
The crypto market has seen several spurs of activity over the past few days. Particularly, one of the highlights is Binance renaming its Binance Labs to YZiLabs. The exchange’s founder CZ posted on X regarding the same. Additionally, US President Donald Trump signed an executive order for initiating a US
After 2021 remaining as the year of NFTs in the history of crypto, the NFT industry hasn’t yet reclaimed its position completely. However, NFT collections such as Pudgy Penguins made news by the end of 2024 with their increasing demand and value. At one point, the floor price of Pudgy
In June 2022, OpenSea, a popular NFT marketplace, had a serious data breach. An employee at Customer.io, the company that handles OpenSea’s emails, leaked over seven million email addresses of OpenSea users to an outside party. At first, OpenSea warned users about the leak, but the full list of affected
