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How to Make Money Buying Art: Advice From Art Market Economist Magnus Resch
25.1.2024
In his latest book, the Yale economist guides prospective buyers through never overpaying for art by examining the data and curating relationships. It turns out NFTs have particular utility here
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,...
Ordinals ‘Genesis Cat’ Fetches $254K in Sotheby’s Auction
24.1.2024
“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million...
Unraveling Blockchain: The revolutionary technology powering NFTs
24.1.2024
The blockchain technology forms the base for non-fungible tokens (NFTs) and protects from counterfeiting or tampering through encryption protocols. Blockchain ensures transparency, authenticity, immutability, and much more by recording transactions and ownership changes on the network and assigning...
The Promises and Perils of NFTs: An Excerpt From 'The Everything Token'
23.1.2024
In their new book, Steve Kaczynski and Scott Duke Kominers discuss the ongoing challenges (and potential solutions) around diversity, regulation and decentralization facing the NFT ecosystem
Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction
22.1.2024
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million
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...
Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains
20.1.2024
The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s sales amounted to $106 million, overtaking...
Ex-President Trump Launches Limited Edition Cards on Bitcoin Blockchain via Ordinal Technology
19.1.2024
The ex-45th President of the United States has been engaged in the sale of digital trading cards for a considerable period. On Thursday, the official account for the trading card enterprise announced the launch of Trump cards that are crafted using the Bitcoin blockchain’s Ordinal inscription...
Donald Trump’s Bitcoin Oridnals NFT Collection Sparks Controversy
19.1.2024
Former U.S. President Donald Trump has launched yet another series of digital collectibles, sparking controversy in the cryptocurrency community. Trump’s latest creation is hosted on the Bitcoin (BTC) blockchain but has a unique twist. Trump Digital Trading Cards on Bitcoin Ordinals Come with...
Donald Trump's NFTs Have Limits Normal Ones Don't
18.1.2024
Coinbase Unveils AI-Generated NFTs with “Instamint”
18.1.2024
Crypto exchange Coinbase’s NFT marketplace has released a AI-generated NFT feature. In an X post on January 18, Coinbase unveiled its latest feature, “Instamint,” on its NFT marketplace. This feature enables users to generate NFTs using artificial intelligence. Coinbase is providing users with...
Bitcoin’s Ordinal Inscriptions Soar Beyond 55 Million, Achieving Third Highest Daily Record
16.1.2024
Following the weekend, the tally of Ordinal inscriptions on the Bitcoin blockchain surpassed 55 million. Notably, on Jan. 13, 2024, the blockchain witnessed its third-highest day of inscriptions, settling an impressive 477,751 inscription-based transactions on Saturday. Additionally, from...
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....
Gamestop’s Cryptocurrency Adventure Pauses: NFT Marketplace Closure Looms
15.1.2024
In an announcement prominently displayed on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to shut down the platform on Feb. 2, 2024. This decision means that users of the Gamstop NFT market will lose the ability to “buy, sell, or create NFTs.”...
$311 Million in NFT Sales Amidst Fluctuating Blockchain and Collection Performances
13.1.2024
In the last week, the non-fungible token (NFT) market experienced unremarkable sales, totaling $311.31 million. This figure represents a slight uptick of just 0.05% from the previous week. Despite this, Bitcoin NFT sales have consistently outperformed other blockchain networks since November 2023....
Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell 'Quantum Cats' Collection
12.1.2024
The "NFTs on Bitcoin" project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees
Vendetta Games Beginners Guide: Hunting bounties in the Wild West metaverse?
12.1.2024
Vendetta Games’ flagship game, Chalk River Metaverse, blends the wild-west, open-world combat genre with NFTs and web3. Users made the first alpha tests available for the public earlier last year, but the game has come a long way since then. While we wait for its upcoming token generation...
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...
Elon Musk’s X Abandons NFT Profile Pictures, Sidelining Ethereum Integration
11.1.2024
Image Source: Getty Images X (formerly Twitter), under the ownership of Elon Musk, has discontinued a feature that allowed premium users to use non-fungible token (NFT) images as their profile pictures. The feature, introduced in January two years ago, was aimed at Twitter Blue subscribers...