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Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack
10.8.2022
When non-fungible token (NFT) collectibles became popular, the fractionalized NFT market grew past the $200 million range seven months ago in December 2021. Since then, the fractionalized NFT market has lost more than 76% in value, dropping to an overall market capitalization of around $50 million....
Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum
7.8.2022
On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs...
NFT Sales Volume Slips 8% Lower Than Last Week — Moonbirds, Electricsheep, Moonbirds Oddities Lead in Sales
26.7.2022
During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like...
Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales
25.7.2022
According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment...
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
22.7.2022
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year...
Video Game Giant Square Enix Plans to Drop a Final Fantasy VII NFT Collection in 2023
21.7.2022
According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network...
Developer Behind the World’s Best-Selling Video Game Has No Intentions of Using Blockchain and NFTs in Minecraft
21.7.2022
On July 20, 2022, Mojang Studios the Swedish video game developer behind the world’s best-selling game of all time said blockchain or non-fungible token (NFT) technologies are “not permitted to be integrated inside [Mojang’s] client and server applications.” Mojang...
Funko Plans to Launch Jay and Silent Bob NFT Collection via the Digital Collectibles Platform Droppp
16.7.2022
Three months ago, Funko Inc., disclosed that it was entering the non-fungible token (NFT) industry when it announced it acquired a majority ownership stake in the NFT startup Tokenwave. At the time, Funko’s CEO Brian Mariotti explained that “Funko Pop digital NFTs” have...
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’
15.7.2022
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows...
NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million
13.7.2022
While digital currency markets have dropped in value during the last two months, weekly non-fungible token (NFT) sales have slid lower as well. Seven-day statistics show that NFT sales managed to rise more than 10% higher than the week prior. One particular NFT sale, Cryptopunk #4,464, helped push...
Report: South Africa’s Famed Krugerrands Collection Set to Be Tokenized
13.7.2022
South Africa’s famed Zuid-Afrikaansche Republiek (ZAR) coins or the Krugerrands collection are set to be tokenized and will be available to potential buyers from a price as low as $200. Tokenized coins will be minted by Web3 tech firm Momint and will be available on the firm’s...
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’
8.7.2022
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team...
Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’
5.7.2022
During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down 63.10% from the month prior. While NFT interest has been waning, a recent study indicates that global regions like Singapore and Hong Kong lead the pack in terms of...
NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume
2.7.2022
Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days. The week prior, $152.9 million in NFT sales were recorded across 18 blockchains and during the past week, $154.3 million in sales were executed. While Ethereum...
The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars
27.6.2022
The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC...
Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks
26.6.2022
The creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), Yuga Labs, have sued the artist dubbed Ryder Ripps and collaborators for attempting to devalue the BAYC brand. Yuga Lab’s lawsuit claims Ripps and associates trolled the company and started...
Portuguese Football Legend Cristiano Ronaldo in NFT Partnership With Binance
24.6.2022
Cristiano Ronaldo, one of the world’s top-earning athletes, has entered into a partnership with Binance which gives his supporters a chance to join the footballer’s Web3 community. According to Ronaldo, his partnership with Binance is “going to change the non-fungible token...
E-Commerce Giant Ebay Acquires NFT Marketplace Knownorigin
23.6.2022
The e-commerce and online auction giant Ebay has announced the company has acquired the non-fungible token (NFT) marketplace Knownorigin. Ebay declared that the acquisition is an “important step in Ebay’s tech-led reimagination.” Ebay Purchases NFT Marketplace in Order to Make...
Digital Collectible Downturn — NFT Sales Slid More Than 74% Lower Than the Month Prior
20.6.2022
While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the sales recorded the week prior. NFT floor values for popular collections have...
NFT Marketplace Opensea Migrates to Seaport Protocol, Transition to Cut Network Fees by 35%
16.6.2022
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seaport protocol migration from the Wyvern protocol will cut network fees by 35%, and users will...