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Brazilian BV Bank Tests Tokenized Model for Vehicle Sales


BV Bank, a Brazilian bank leader in vehicle loans, is running a pilot that uses tokenization to manage vehicle financing and sales operations. The first phase of the tests involves automating consumer-to-consumer vehicle sales processes, including the delivery of tokenized money in exchange for...

8 Blockchain Giants Log $3.77 Billion in NFT Sales in Q1 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...

Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant


Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter (OTC) trading desks, a figure unmatched since...

NFT sales dip in March 2024: A look at what’s next for the NFT market


The NFT market suffered another downturn this year for the second time after the early hype faded gradually in 2024. Non-fungible tokens or NFT sales plunged by almost 4% in March as investor buying declined by 91.54% to only 84,571 against 89.63% to 75,484 in the previous month. Bitcoin, the most...

Market Resilience Tested as NFT Sales Fall for Third Consecutive Week


Sales of non-fungible tokens (NFTs) have dipped once more, marking the third consecutive week of decline, with a 14.97% decrease compared to the previous week. Leading the charge in this week’s sales from March 23 to March 30, Bitcoin NFT transactions amassed $82.61 million, despite...

CDPR Says Cyberpunk 2077 Has Made $750 Million So Far


The redemption tour that Cyberpunk 2077 has been on since it was fixed up into a playable state has turned in some huge sales numbers. Developer CD Projekt Red recently revealed that the once-maligned-but-now-refined sci-fi first-person shooter has raked in over $750 million since the game’s...

Ethereum regains NFT lead with US$17.02 million daily sales


Ethereum reclaimed its prior position as the market leader among blockchain non-fungible tokens. The product achieved a sales volume of $17.02 million. Sales on this platform have increased by as much as 39.19% in the twenty-four hours leading up to 2:00 pm, according to data compiled...

Digital Game Sales Continue Continue Killing Off GameStop, Analyst Says


Video game and nerd culture retailer GameStop appears to be floundering once more. According to a Reuters report, the company recently laid off an unspecified number of employees after reporting a decline in earnings in the fourth quarter as physical sales fall and digital purchases rise.Read more

NFT Sales Tumble 18.57% in 7 Days Amid Broad Crypto Market Retreat


This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week...

Sony Reportedly Halts PSVR2 Production As Headsets Fail To Sell


The PlayStation VR2 is struggling, it seems. According to a March 17 Bloomberg report, Sony has paused of the PS5’s virtual reality headset after its initial supply has failed to pick up sales momentum, resulting in an overflow of unsold stock.Read more

Runestone NFTs Lead the Charge in Multi-Chain Marketplace Sales


According to the latest data, the Runestone non-fungible token (NFT) compilation has emerged as the leading NFT collection across various multi-chain support marketplaces. As of now, a Runestone NFT’s base price fluctuates between 0.047 and 0.048 bitcoin, which translates to approximately...

NFT Market Faces 16.55% Drop in Sales Amidst Cryptocurrency Downturn


In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from...

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