The substantial advances in the cryptocurrency market drove a weekly sales volume of $181 million for non-fungible tokens. According to statistics compiled by CryptoSlam, a digital collectibles tracker, NFTs sales volume recorded for $181 million in the seven days ending November 17th. Compared to the previous week, when NFTs only
The Executive R0AR Society NFT collection is gearing up for launch on the Opensea Launchpad. The R0AR decentralized finance platform has a range of features and use cases, including an Ethereum DEX, yield farming, and a DAO. Holders of the ERS collection will be able to access exclusive features and
Aurelien Michel, the developer behind the controversial Mutant Ape Planet NFT collection, has been sentenced to a month of incarceration and ordered to forfeit $1.4 million in fraud-related penalties. The decision, handed down by U.S. District Judge Margo Brodie, comes as part of a case involving Michel’s alleged scheme that
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 Base ecosystem, Coinbase’s Layer 2 network, had a standout month, with several tokens recording triple-digit gains over the past 30 days. Among these, AERO gained attention with its impressive 184,000 holders, more than double that of its main competitor, ALB. Memecoin DEGEN, however, stole the spotlight, boasting the highest
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
Aptos Labs, the developer behind the Layer-1 blockchain Aptos, announced on October 3 its acquisition of HashPalette, a subsidiary of HashPort and the developer of Palette Chain. The acquisition signifies a strategic partnership between Aptos Labs and HashPort, integrating Palette Chain’s NFT distribution platform into Aptos’ ecosystem. Palette Chain, known
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
A group of OpenSea users has filed a class-action lawsuit in Miami. The lawsuit claims that the popular NFT marketplace sold unregistered securities. This legal action raises significant concerns about the regulatory landscape for NFTs. According to the lawsuit, OpenSea is accused of facilitating transactions that qualify as securities sales.
