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New Era of NFTs With RARI Chain Royalty Payments – Top NFT News Today – 26 January
26.1.2024
Over the past 24 hours, the non-fungible tokens (NFT) market has been largely unchanged, aside from NFT news about Pudgy Penguins, RARI chain and Magic Eden. The sales volume is up 3.5%, currently at $31,574,164. Buyers, sellers, and transactions are each down around 1%, per CryptoSlam. Among...
Magic Eden Rewards, Treeverse, and Immutable – Top NFT News Today – 24 January
24.1.2024
The market for non-fungible tokens (NFTs) is not having the best of days, with significant drops across the board making the NFT news rounds today. Over the past 24 hours, the sales volume has dropped by nearly 20%. At the time of writing, it’s standing at $29,981,386. As we’ll see below,...
Cardano NFTs and Corporate Interest Spike – Top NFT News Today – 22 January, 2024
22.1.2024
The non-fungible tokens (NFTs) sales volume is like weather – changes daily, several times a day. Unlike weather, however, NFT news forecasts are a bit more difficult, so we can never be sure what to expect. After several days of drops, the 24-hour sales volume is up today by 4.55% to $36,306,092...
Game Over for NFTs? Will the Market Recover in 2024
15.1.2024
Non-fungible tokens, or NFTs, have faded into the background with all the chatter and excitement around a spot Bitcoin exchange-traded fund being approved in the US market. Earlier today GameStop revealed it has shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space....
Top NFT News Today – 11 January, 2024
11.1.2024
Source: AdobeStock / Passakorn Non-fungible tokens (NFTs) are making (yet another) comeback. Over the last 24 hours, the NFT sales volume went up more than 30% to $50.5 million, according to CryptoSlam. That said, transactions have seen a small drop of less than 0.5%, recording 313,887 at the time...
Weekly NFT Sales Record Minor Ebb While Bitcoin Maintains Dominance
6.1.2024
According to recent data, sales of non-fungible tokens (NFTs) over the last week declined by 1.31% to $308.23 million, a decrease of $4.09 million from the prior week’s $312.32 million. NFTs centered around Bitcoin remained at the forefront among 21 distinct blockchain networks, experiencing...
Market Dynamics Shift as NFT Sales Tumble 63% Year Over Year
1.1.2024
According to recent statistics on non-fungible tokens (NFTs) for the past year, sales hit $8.70 billion in 2023. This figure represents a $15.04 billion or 63.35% decrease in NFT sales compared to the previous year. 2023’s NFT Sales Volume Declined Sharply, but Year-End Market Dynamics Hint...
Elon Musk Criticizes NFTs, Gives Nod to Inscriptions: ‘At Least Encode the Jpeg on the Blockchain’
28.12.2023
Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image format) of the NFT on the blockchain, like inscriptions...
Elon Musk Weighs in on NFT Technology — Here’s What He Thinks
28.12.2023
Image Source: YouTube/Fox News Elon Musk has again shared his opinion about the current structure of non-fungible tokens (NFTs), noting that embedding JPEG images into a blockchain can establish exclusive ownership for enthusiasts. On December 27, Musk responded to a comment on his platform,...
Epic Games Store Changes Policies to Allow Blockchain Games in Its Platform Again
25.12.2023
The Epic Games Store, the digital distribution storefront owned by Epic Games, has made changes that will allow some blockchain games to be listed on its platform again. Epic Games has announced that it will now admit games rated as “Adults Only” due to having non-fungible tokens (NFT)...
NFT Sales Dip — Bitcoin Dominance and Solana’s Rise Challenge Ethereum’s NFT Authority
24.12.2023
In the last week, sales of non-fungible tokens (NFTs) have fallen by 12.26%, totaling $463.87 million, marking a decrease from the previous week. NFTs centered around Bitcoin topped the chart, amassing $265.61 million in sales, despite a 13.71% decline from the preceding week. Meanwhile, Solana...
Bitcoin NFTs Skyrocket With $425M in Sales This Week; Key Collections Cement Strong Floor Values
21.12.2023
In the last week, markets for non-fungible tokens (NFTs) minted on top of Bitcoin have generated approximately $425.63 million in sales. The leading ten NFT collections over the seven-day period all originate from the Bitcoin blockchain. Several collections of Ordinal inscriptions based on Bitcoin...
Tackling NFT Theft With the Three Address Protocol
21.12.2023
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...
China’s Ministry of Industry Aims to Foster NFT and Dapp Growth Despite Crypto Ban
20.12.2023
Source: AdobeStock Lukas / Hlavac China’s Ministry of Industry and Information Technology has published a document outlining its current and future work on developing Web3 and related technologies, including metaverse, non-fungible tokens (NFTs), and decentralized apps (dapps). The document...
China to Craft a Document for Web3 Development Involving NFTs, DApps, Cross-Chain, and Privacy Computing
20.12.2023
Image Source: Pexels The Chinese central government has revealed plans to create a strategic document to guide the development of China’s Web3 ecosystem. The document will support the growth of Web3 technologies such as non-fungible tokens (NFTs) and decentralized applications (DApps)...
Non-fungible tokens (NFTs) and the XRP ledger: Exploring the connection
18.12.2023
Non-fungible tokens (NFTs) emerged recently, and digital possession and art rules have changed. One of the fascinating developments is embedding NFTs in XRP Ledger – a blockchain famous for its super-fast and high-throughput transaction confirmation. The scalability and cheap transactions on...
Bitcoin Core Dev Discusses ‘Firing’ All Miners With PoW Algo Change: Feisty Exchanges Mark Growing Divide
18.12.2023
Over the last ten years, Luke Dashjr has emerged as a key player in the realm of Bitcoin development and the network’s open-source software. His opposition to specific trends within the Bitcoin ecosystem has gained more attention lately. He has labeled Ordinal inscriptions and non-fungible...
NFT Sales Soar to Over $500M; Bitcoin Leads With Unprecedented Growth
16.12.2023
Sales of non-fungible tokens (NFTs) have surged by 52.81% over the past week, reaching a total of $503.35 million. Bitcoin has emerged as the frontrunner in this week’s NFT market, generating $276.79 million in sales, surpassing Ethereum’s $99.67 million, which previously held the...
Super Mario-Inspired NFT Fetches Over $240K at Sotheby’s Auction
15.12.2023
Source: sothebys.com Major auction house Sotheby’s first inscription auction has been a success, closing with nearly $451,000 raised. Between December 6 and 13, Sotheby’s New York held an online sale of select BitcoinShrooms from the Bitcoin ordinals project by Shroomtoshi. Per...
Cheating Rampant in Blockchain Chess, Leading to Shutdown of Immortal Game’s Play-to-Earn Features
14.12.2023
Source: AdobeStock / Zdenek Sasek The management team of the blockchain chess game Immortal Game has decided to kill off its non-fungible tokens (NFT) play-to-earn (P2E) features. The reason: widespread cheating. “Our heart lies in chess,” the team said. They aim to make Immortal Game...