Thu, March 28

NFT Volume Witnessed Nearly 50% Decline YoY in 2023

The volume of NFT trades in 2023 was almost half of what it had been in 2022. The figure dropped from $26.3 billion to $11.8 billion, as reported by CoinGecko.  Crypto investors have mostly ignored NFTs in the last two years after the meteoric rise in value of blue chip

January 19, 2024 1 min read

OpenSea 2.0 Aims to Elevate NFT Marketplace Experience

A major NFT marketplace, OpenSea, is working on an update to its platform called OpenSea 2.0. In light of the fact that NFT categories are always evolving in response to new use cases, CEO Devin Finzer has said that this update is an effort to improve the user experience and

January 15, 2024 2 mins read

Tiger Global Reportedly Shrinks Stakes in BAYC and OpenSea

Tiger Global, an investment business, allegedly liquidated stakes in well-known NFT initiatives such as the Bored Ape Yacht Club (BAYC) collection and the prominent NFT marketplace OpenSea. The investment firm reportedly reduced its holdings in BAYC by 69% and OpenSea by 94%, according to anonymous sources cited by Bloomberg. The

December 1, 2023 2 mins read

Coatue Management Writes Down Investment in OpenSea by 90%

Coatue Management, a technology investment business based in the U.S, has written down its investment in the OpenSea NFT marketplace by 90%. Documents seen by The Information on November 7 revealed that Coatue had decreased its investment from $120 million to $13 million, suggesting that OpenSea’s on-paper worth had plummeted

November 8, 2023 1 min read

OpenSea Unveils OpenSea Studio: A Game-Changer for NFT Creators

NFT marketplace OpenSea, has now released a new platform called OpenSea Studio, which is designed to be a one-stop-shop for artists to bring their ideas to life and maintain their operations. OpenSea’s new platform is designed to free up creatives from the administrative tedium that has traditionally hampered their progress.

October 4, 2023 1 min read

NFT Marketplace OpenSea Reportedly Alerts Users of Security Breach

OpenSea, one of the prominent NFT marketplaces, has reportedly alerted its users to a serious security violation. OpenSea API keys may have been compromised due to a security problem at one of the company’s suppliers, according to reports. Because of this occurrence, OpenSea has moved quickly to strengthen the safety

September 23, 2023 1 min read

OpenSea Backed ‘Americana’ Vaulting Platform Now Open to Public

The vaulting platform Americana is becoming increasingly accessible to the general public. The business, which began as a local initiative but has since expanded, is now a one-stop shop that combines the benefits of an online marketplace with those of a safe deposit box and blockchain-based ownership verification. OpenSea and

July 23, 2023 1 min read

NFT Royalty Payments Hit Two-Year Low as per Nansen

Collectors seem to have continued to forego paying optional royalties despite months of friction between platforms and authors over the enforcement of NFT royalty payments. Royalty payments for NFTs hit a two-year low in June, according to statistics provided by analytics platform Nansen on Wednesday. In April of 2022, royalties

July 6, 2023 1 min read

PEPE Coin Unleashes a New Era for NFT Purchases on OpenSea

Just when some doubters stated that NFTs were doomed, a new effort arose to counter that story. With its frog-themed digital art and creative approach to token economics, the $PEPE project is shaking up the NFT market. And now, the project has taken a giant stride forward for its community

May 10, 2023 2 mins read