Rodeo has announced it will shut down operations, becoming the second NFT-focused platform to close within the same week. This decision shows the ongoing challenges in the digital collectibles sector, where declining trading volumes and reduced user activity are pressuring business models. The broader market is already showing signs of
The US DOJ has announced its intention to dismiss the case against Nathaniel Chastain, a former official at the online marketplace for digital trading cards known as OpenSea, over an insider trading case against the defendant, whose deferred prosecution plea bargain is set to expire the following month. Charges filed
The Blockchain gaming company Animoca Brands has made a strategical move into the digital collectibles space by acquiring SOMO, a Web3 gaming and NFT startup, while the overall NFT market show signs of recovery in the first two weeks of 2026. According to the announcement, Animoca Brands is expanding its
As per the data released by CryptoSlam, NFT sales volume has surged by 27.65% to $62.58 million, slipping from last week’s $88.29 million. The market participation has collapsed, with NFT buyers slipping by 82.75% to 60,985 and sellers slipping by 77.69% to 56,228. NFT transactions got reduced by 23.64% to
Nike Inc. sold its digital products unit RTFKT last month, around one year after publicising plans to close the business, as per the industry reports. The sale went live on December 16; however, the identity and financial terms of the buyer were not revealed. Nike had the acquisition of RTFKT
MoMA in New York just added eight CryptoPunks to its permanent collection, putting them in the Media and Performance department alongside video, tech, and experimental art. The Punks are #4018, #2786, #5616, #5160, #3407, #7178, #74, and #7899. It’s a big deal for on-chain art, treating these 2017 pixel characters
The non-fungible token industry keeps going lower and lower and recorded its worst performance in 2025 as the trading volumes declined across major collections. According to CryptoSlam analytics, monthly sales in November dropped to only $320 million, which is a dramatic 49% decrease from the October figure of $629 million.
In an effort to bring back the once-popular crypto podcast UpOnly, prominent crypto exchange Coinbase has spent $25 million to buy and burn a non-fungible token (NFT). On Tuesday, Coinbase CEO Brian Armstrong said the “rumors are true” and went on to say that the company has purchased the NFT in order
Instead of “evolving” into a global platform to trade any sort of onchain asset, OpenSea CEO Devin Finzer has denied rumors that the firm is shifting its focus away from non-fungible tokens (NFTs). This marks the beginning of OpenSea’s transition to “trade everything,” according to Finzer’s Friday post on X,
The metaverse industry is showing new energy following months of stagnation and NFT transactions in virtual worlds are showing strong growth trends. A recent study by DappRadar shows some promising news that users are slowly reentering digital spaces that have been deemed technological dead ends. The August statistics show that
