The closure of RTFKT has been announced. RTFKT was the creators of the NFT sneakers and avatars that Nike purchased in 2021. The company announced its plans to cease operations by January 2025 in a post on X on December 2. In December, RTFKT will issue its last collection, the
The NFT market, once a big hit in the crypto world, is starting to recover after months of slowdown. According to recent CoinGecko data shows the market has grown 17.3% to $8.8 billion in December, with daily trading volumes up nearly 48% in the past day. November also saw a
As interest in digital collectibles continues to rise, sales of non-fungible tokens (NFTs) surged by 57.8 percent in November, continuing their monthly upward trend. An analysis by analytics firm CryptoSlam revealed on December 1st that NFTs saw a significant uptick in sales volume over October, reaching $562 million. NFT monthly
Justin Sun, the founder of TRON, made headlines by eating a $6.2 million banana artwork at an event in Hong Kong. The conceptual piece, titled Comedian by Italian artist Maurizio Cattelan, features a banana duct-taped to a wall. Sun purchased the artwork at a Sotheby’s auction after six minutes of
In a settlement with the class action lawsuit, Shaquille O’Neal has consented to pay $11 million. The complaint was filed by holders of the Astrals NFT collection. Judge Federico Moreno must now decide whether or not to approve the settlement. Which was presented as an uncontested proposal on Monday in
In celebration of Nikolai Durov’s 44th birthday, the team is pleased to announce the debut of its first NFT series. Nikolai Durov is a visionary mathematician, cryptographer, and the inspiration behind the NikolAI project. In addition to honoring Durov’s legacy, this unique collection ushers in a new era for the
In order to include NFT-based ticketing technology, Hashed and its technological arm, ShardLab, have partnered with Naver Pay, one of the highest-used mobile payment services in South Korea. Over 20,867 NFTs were issued and 8,849 transactions were processed during the two-day event, which was launched at Naver’s annual technology conference, DAN24, with
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
