Find regular updates on NFT- the most trending sector of recent times without missing out on key developments and the latest happenings.
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
The launch of “The Workshop” was announced by Yuga Labs CEO Greg Solano in a bold move that heralded a new era for the company. The mission of this division is to create ground-breaking ApeChain products. In addition, the move is part of the company’s aim to learn from Coinbase’s
Donald Trump’s latest NFT collection, launched on August 27, shows contrasting outcomes just one day after its debut. The “America First Edition” digital trading cards have achieved over $2 million in sales despite a sluggish NFT market. However, the collection’s overall performance appears mixed when considering its size. In a
The Federal Bureau of Investigation (FBI) is taking an innovative approach to reach victims of crypto fraud. The agency plans to use Non-Fungible Tokens (NFTs) to notify victims of a Miami-based crypto scheme called CluCoin. The FBI aims to distribute approximately $1.14 million back to the victims. This represents one
Magic Eden is planning to introduce and use a utility token called “ME” on its Non-Fungible Token (NFT) marketplace. Importantly, the firm said that the ME Foundation is working on the token’s development. The new token is designed to make cross-chain trade easier on the platform that is built on
The pro-Bitcoin attitude of former US President Donald Trump may have won over many Americans. The backing he has gotten from crypto enthusiasts via contributions associated with his recent sales of Non-Fungible Token (NFT) sneakers is proof of this. Almost immediately after being listed, Trump’s Bitcoin NFT sneakers sold out.
As the crypto market experiences a slowdown, the NFT market is drawing increasing attention. Notably, Mocaverse and the Solana-based Retardio Cousins NFTs are leading the charge. The Retardio Cousins collection, consisting of 4,444 unique items, has seen its floor price rise by 45.22% in the last 24 hours to 19.81
The cryptocurrency market is navigating turbulent waters, with the total market cap dipping below $2 trillion and many altcoins hitting yearly lows. Amid these challenges, analysts remain cautiously optimistic about a potential bullish turn in the NFT space, fueled in part by major developments. One significant shift observed is the
In a concerning development for the crypto community, an adept scammer has executed a phishing scam on the Blur marketplace, making off with non-fungible tokens (NFTs) valued at approximately $239,676. The victim, known as 0xQuit on X (formerly Twitter), reported the theft. That involved six Bored Ape Yacht Club NFTs,
