Another decline in NFT market sales occurred during the last week, with a decline of 7.91% from the prior week. Both the number of buyers and sellers saw significant drops; the former fell by 73.46 percent and the latter by 61.18 percent from the previous week. According to DappRadar statistics,
In a dramatic twist, a CryptoPunks NFT that once commanded $1.5 million was recently sold for a mere $23,000. This sudden and steep decline in value has captured widespread attention and sparked discussions within the cryptocurrency community. The NFT, a highly coveted piece from the CryptoPunks collection, experienced a shocking
PleasrDAO, the crypto investors, and NFT collectors are suspecting Martin Shkreli. He is an American investor and businessman who owns the famous and one-of-a-kind Wu-Tang album “Once Upon a Time in Shaolin”, but has not handed over the existing copies of the album, and his claims are dubious. Martin Shrekli
The funding will accelerate the launch and expansion of Balance, a groundbreaking Web3 infrastructure designed to enhance user experience and drive mass adoption. E-PAL, the world’s leading gaming and social companion platform, has officially unveiled Balance, its new AI-powered blockchain experience platform, following two successful funding rounds led by Andreessen
Mino Games, the creator of the digital card game Dimensionals, has announced a strategic shift from Web3 to Web2, abandoning its initial blockchain and NFT integration. The decision comes after the project encountered multiple setbacks that significantly impacted its revenue streams. Dimensional, which initially attracted attention for its blockchain-based gameplay
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
Solana’s [SOL] NFT market demonstrated notable resilience in August, emerging as the second-highest blockchain by NFT sales volume, only trailing behind Ethereum [ETH]. According to data from Coin98 Analytics, Ethereum recorded $131 million in NFT sales, while Solana followed closely with $79 million. Bitcoin [BTC] also made it to the
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
The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
