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Magic Eden Surges to Top Spot in NFT Market, Records Stellar $756M Trading Volume in March
18.4.2024
Magic Eden, a Solana-based NFT marketplace, achieved its highest monthly trading volume in March, outpacing Blur with a 194.4% increase to $756.5 million, attributed to its Diamond reward program and support for creator royalties. This surge led Magic Eden to become the top NFT marketplace...
Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services
17.4.2024
On Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals...
PayPal Says NFT Purchases No Longer Backed By Its Protection Program
17.4.2024
Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20.
The post PayPal Says NFT Purchases No Longer Backed By Its Protection Program appeared first on Cryptonews
Stepn Partners With Adidas to Issue Genesis Sneakers NFTs
17.4.2024
Stepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’...
Bored Ape NFT Prices Plummet to August 2022 Levels, Down 90% From Previous High – Are NFTs Going to Zero?
16.4.2024
During the 2021 cryptocurrency bull run, Bored Apes Yacht Club (BAYC) NFTs became one of the most demanded collections but ultimately succumbed to a decline in demand that impacted the whole NFT market.
The post Bored Ape NFT Prices Plummet to August 2022 Levels, Down 90% From Previous High –...
Why Christie's First Bitcoin Inscriptions Auction Matters
9.4.2024
With the halving and new tech set to give Ordinals a further lift, Bitcoin-based inscriptions are demonstrating staying power and some advantages over NFTs. Christie’s is taking notice with a new initiative
Cardano Slips to 10th Position, Underperforming in a Surging Crypto Market
9.4.2024
After holding a leading spot among the top cryptocurrencies for years, cardano (ADA) has recently been relegated to the tenth position. This shift occurred as toncoin (TON) ascended, surpassing the market capitalization of cardano. Toncoin Overtakes Cardano in Market Cap Over the past year, bitcoin...
Meme Coins Surge While NFTs Navigate a Rough Patch
8.4.2024
As the crypto landscape undergoes a dramatic transformation in early 2024, meme coins have taken center stage, delivering unprecedented gains. Against this backdrop, the NFT market contends with a downturn, setting the stage for a potential comeback fueled by innovative projects and a reinvigorated...
8 Blockchain Giants Log $3.77 Billion in NFT Sales in Q1 2024
7.4.2024
Despite experiencing a downturn for four straight weeks, eight blockchain networks logged $3.77 billion in non-fungible token (NFT) sales in the first quarter of 2024. Leading the charge, Ethereum-centric NFTs accounted for $1.4 billion or 37% of the NFT sales during Q1 2024. The Dual Forces...
Web3 Quests Aim To Drive Fan Engagement At Real Life Events and Online
6.4.2024
The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter...
Binance Suspends Bitcoin Ordinals Trading – What’s Going On?
5.4.2024
On April 4, Binance declared that as of April 18, 2024, it will no longer be accepting deposits or transactions of Bitcoin Ordinals. The exchange then gave investors of non-fungible tokens (NFTs) based on Bitcoin the advice to remove their holdings from the NFT marketplace trading platform by...
The rise of NFTs and their influence on the Ethereum ecosystem
5.4.2024
In the early 2010s, blockchain technology emerged, and cryptocurrencies such as Ethereum and Bitcoin began to enter the platform. That is when the idea of NFTs also got its origin. Blockchain technology ensures ownership of NFTs, which are non-transferable, non-interchangeable, and irreplaceable....
Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles
4.4.2024
In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions...
Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products
4.4.2024
Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to "streamline" its product offerings
Crypto.com to Launch New App in South Korea on April 29
2.4.2024
Following regulatory approvals, Crypto.com app’s upcoming launch in South Korea will offer retail customers trading options for 150+ cryptos and exclusive NFTs starting April 29.
The post Crypto.com to Launch New App in South Korea on April 29 appeared first on Cryptonews
Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Social Media, Says Kevin Lu
27.3.2024
According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s not intended to replace today’s traditional social...
Paradigm, a16z Backed Blockchain Game LootRush Announces New Gaming Subscription
26.3.2024
LootRush, a blockchain start-up backed by venture capital firms Paradigm and Andreessen Horowitz (a16z) is announcing a new gaming subscription which allows its users to access non-fungible tokens (NFTs) from over 500 games on its platform.
The post Paradigm, a16z Backed Blockchain Game LootRush...
Get Started in AI and NFTs with the Limewire API (Sponsored)
25.3.2024
AI media creation has expanded to incredible video art and a host of other important improvements, and LimeWire is leading the way in creating an awesome interface for the average user to become an AI artist. Limewire has just released its Developer API, a method for engineers like us to create...
Indonesian College Student Behind NFT Selfies Success Returns with $1.8 Million Meme Coin Presale
25.3.2024
Sultan Gustaf Al Ghozali, the Indonesian college student who became an internet sensation in 2022 for selling millions of dollars worth of NFTs featuring his daily selfies, is back in the spotlight with a meme coin project.
The post Indonesian College Student Behind NFT Selfies Success Returns with...
MetaBirkins NFT Creator Barred from Museum Display After Hermès Lawsuit
21.3.2024
Mason Rothschild, the artist behind the controversial MetaBirkins NFT project, has been banned from showcasing the pieces at a museum exhibition in Stockholm, a New York Judge ruled on March 13. The ruling follows a contentious legal battle between Rothschild and Hermès over its iconic Birkin...