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
OpenSea, the leading NFT marketplace, has experienced a significant downturn, in trading volume for Ethereum-based NFTs. Recent data reveals that the platform has an average daily volume of approximately 600 ETH, marking its lowest point since May 2021, predating the onset of the original NFT bull market. OpenSea is doing
Brian Roberts, the chief financial officer (CFO) of NFT marketplace OpenSea, has left his position less than a year after joining, according to a Friday update on his LinkedIn profile. The resignation made him the most prominent Web3 executive to exit during the bear market. As the CFO of OpenSea,
Ethereum-based NFT project in tribute to the Queen’s life Since the project’s launch in July, 73 NFTs have been made available. After the demise of England’s long-reigning queen, an Ethereum NFT project, QueenE, that was created in tribute to Queen Elizabeth II, is currently holding its final auction for the
Timecapsule releases by Prada, the fashion house, began in 2019. Prada will not make customers pick between a digital or physical asset. Many high-end fashion houses, like Gucci, Balmain, and Balenciaga, have recently announced their interest in the crypto sector, and now Prada has followed suit with the launch of
