Riding in the coattails of a broader market resurgence, the NFT trading space witnessed in 2024 Q1, with volumes across the top 10 marketplaces soaring to $4.7 billion. According to CoinGecko’s latest report, Blur maintained its stronghold as the leading NFT marketplace during this period. During the first quarter of 2024, Blur recorded $1.5 billion...Read More
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced the sale of the intellectual property rights for two of its games. This move is part of Yuga Labs’ previously declared commitment to refocus its organizational efforts. Yuga Labs Hands Over Gaming IPs to Faraway In an April 17 announcement on...Read More
Several sectors within the crypto market are seeing a resurgence. AI and Big Data, Liquid Staking, and DeFi projects managed to secure the most gains in the past week. According to their weekly returns, artificial intelligence (AI) and Big Data, which comprised 100 projects, topped the chart with a strong performance and a notable increase...Read More
On April 3, 2024, ZachXBT revealed that Kyle raised alarm bells in his Discord server, claiming his wallets had fallen victim to a hack. The prominent blockchain investigator’s findings instead strongly suggested a deliberate transfer of funds rather than an external hack. Kyle Accused of Faking Hack While investigating an alleged hack involving a “social...Read More
The once-hot NFTs witnessed a significant downturn during the crypto winter. But this sector again appears to have bounced back following the widespread rebound of digital assets. One of nine Alien Punks was sold for 4,850 ETH – the second-largest CryptoPunks sale ever – just days after a similar recent transaction of Alien Punk #3100....Read More
NodeMonkes, Bitcoin’s premier NFT collection, has surged by over 50% in the past 24 hours, surpassing Bored Ape Yacht Club (BAYC) in market capitalization. According to data from CoinGecko, NodeMonkes witnessed a 53.3% surge in its floor price, making it the second-largest NFT collection in terms of market cap. NodeMonkes and Runestone’s Floor Price Surge...Read More
A CryptoPunk non-fungible token (NFT), which belongs to the rarest set in the collection, was sold for over $16 million worth of Ether (ETH). The latest sale is the second-highest CryptoPunks transaction after a record-breaking purchase in February 2022. Alien Punk NFT Sold for 4,500 ETH On Monday, March 4, 2024, an anonymous buyer purchased...Read More
The Slovenian energy trading platform – SunContract – launched the first NFT marketplace for solar panels, enabling direct earnings or energy consumption from tokenized solar farms. The project leverages blockchain to democratize renewable energy access, allowing holders to manage their energy assets easily. According to a press release shared with CryptoPotato, the entity has introduced...Read More
Solana-based nonfungible tokens (NFTs) have reached a significant milestone, surpassing an all-time sales volume of $5 billion, according to data from CryptoSlam. This surge in activity marks a turnaround for the Solana blockchain, which struggled to gain traction in the NFT space just a few months ago. Solana Ecosystem Surges As of February 23, the...Read More
Greg Solano, widely known by his pseudonym “Garga” and co-founder of Yuga Labs, has announced that he will take over as CEO. This announcement comes as Daniel Alegre, former COO of Activision Blizzard and CEO of Yuga Labs, steps down after a tenure of approximately ten months. Crypto-Native Focus The leadership transition was revealed through...Read More
In a recent development that’s making headlines, a complete set of 10 Autoglyphs has been acquired for 5,000 ETH, equivalent to approximately $14.6 million. This sale marks the highest NFT sale in the past two years and stands as the fifth-largest purchase on-chain, setting a new benchmark for the value of blockchain-based artworks. The Collection...Read More
Mickey Mouse, the iconic mascot of the Walt Disney Company, has broken free from the shackles of copyright and made a splash in the world of NFTs. The earlier version of Mickey – featured in the 1928 short film “Steamboat Willie” – recently entered the public domain, marking a historic moment in the realm of...Read More
The decentralized nonfungible tokens (NFTs) borrowing and lending protocol – BendDAO – is all set to embrace the Bitcoin ecosystem. In a Discord post, BendDAO said that it will provide Bitcoin NFT lending business and will support the wBTC liquidity pool as a loanable asset. The platform is also actively exploring ways to facilitate smooth...Read More
The Bitcoin Ordinals market witnessed a remarkable surge in trading activity, with the volume surpassing $36 million on December 12 and subsequently establishing a new record. The excitement surrounding SATS increased following the official announcement from Binance regarding the inclusion of BRC-20 Sats (1000SATS). The spot trading pairs for 1000SATS were made accessible earlier this...Read More
In a recent post on X, Wylie Aronow, the former founder of Yuga Labs, addressed ongoing rumors about a potential return to a leadership role within the company. Aronow, who took a step back from his position in January of this year to prioritize his health, has clarified the speculation and given additional insights into...Read More
Investment management firm VanEck has unveiled its 2024 predictions, forecasting not only record-breaking highs for Bitcoin but also an anticipated peak in the NFT market, signaling a significant transformation in the industry. The introduction of spot Bitcoin ETFs is expected to align with the prolonged anticipation of a U.S. recession, while the forthcoming halving event...Read More
The Bitcoin community has just witnessed the largest Ordinals inscription sale of all time amid the resurgence of digital artifacts on the largest blockchain network. According to a tweet by Solana-based non-fungible token (NFT) marketplace Magic Eden, Ordinals inscription #8 from the Honey Badgers has been sold for 10.4 bitcoins (BTC) worth approximately $450,000. We...Read More
In a year marked by a massive recovery run in the broader crypto market, the non-fungible tokens (NFTs) sector has displayed a contrasting performance. While industry leaders like OpenSea have historically dominated the NFT space, relatively newer players, such as the Blur NFT marketplace, have emerged as formidable contenders. As of December 3, the Ethereum...Read More
The investment firm Tiger Global has reportedly reduced the valuation of its holdings in Bored Ape Yacht Club and OpenSea. Per a Bloomberg report, the company marked down the value of its investment in Bored Ape Yacht Club (BAYC) by 69% and its stake in the NFT marketplace OpenSea by 94%. The move follows Tiger...Read More
Non-fungible token (NFT) was one of the worst-hit sectors in the digital asset industry, following a year-long downward trend. Dwindling sales and low volume raised doubts about the sustainability of NFTs. However, the market appears to be slowly making a comeback. The latest data indicates that the NFT industry has witnessed a consistent rise in...Read More
Non-fungible token (NFT) sales in Q3 2023 were the worst the market has seen in roughly three years. According to a Binance Research report, the NFT sector recorded $299 million in sales in Q3, attributed to a slump in the price of ether (ETH) and the floor prices of most collections. Worst Quarter For Sales...Read More
In 2023, the Ethereum blockchain witnessed intriguing transformations in the way users and entities engage. According to Nansen’s recent report, there has been a remarkable surge, with more than 300,000 daily active Ethereum addresses. Among these active addresses, DeFi entities have maintained their position as the dominant players. As of October 12th, 2023, DeFi users...Read More
Soccer legend Cristiano Ronaldo and Binance announced the launch of their third NFT collection: The CR7 ForeverZone, which features 50,000 limited-edition mystery boxes, will be made available for free to new and existing users of the exchange. This marks the latest development in the ongoing collaboration between Ronaldo and Binance, with the shared objective of...Read More
The recent eye-catching post calling the demise of non-fungible tokens (NFTs) has stirred strong reactions in many. The NFT sector, in general, witnessed a significant slump owing to the broader market downturn. However, a recent CoinGecko report presents a contrasting perspective. CoinGecko Weighs in on NFT Market The NFT that boasts the highest popularity on...Read More
Vitalik Buterin, the co-founder of the second-largest blockchain, Ethereum, had his X account hacked to portray a phishing site that reportedly drained over $800,000. The fraudulent post has been deleted since, and the account has been restored. The blockchain security resource PeckShield was among the first to alert about the ongoing hack later last night,...Read More
Portuguese soccer legend Cristiano Ronaldo has taken a lie detector test for the world’s largest crypto exchange, Binance, an activity he called one of his hardest challenges. The lie detector test stirred mixed reactions and speculation from the crypto community regarding Binance’s aim for subjecting the soccer megastar to such activity. Ronaldo’s Partnership With Binance Ronaldo’s...Read More
The United States Securities and Exchange Commission (SEC) brought its first enforcement action against a player in the non-fungible token (NFT) space charging Impact Theory of engaging in an unregistered securities offering. The financial regulator claimed that Impact Theory – a Los Angeles-based media and entertainment – sold approximately $30 million of NFTs while also...Read More
Decentralized ticketing platform Valicit has sold more than 230,000 tickets to the Numi metaverse’s Numi Stories Club 404 grand opening on Venom Testnet. According to a press release sent to CryptoPotato, the tickets will give players access to early multiplayer functionality in Numi’s metaverse game event. Valicit Records 230,000 in Numi’s Ticket Sales Numi, the...Read More
Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens (NFTs) are struggling, and their floor prices have plunged significantly. According to the firm, the floor prices of most blue-chip NFTs crashed by more than 25% in the last 30 days. At the same time, the prices of a few collections recorded...Read More
Following an appearance by former President Donald Trump on Tucker Carlson’s X-based interview show, the value of Trump’s baseball card-style NFT collection saw a notable surge. According to reports, the 45,000-card polygon-based Trump Digital Trading Cards’ price increased from 0.1 ether ($150) last week to approximately 0.13 ether ($215) after the viral interview. Trump: “When...Read More
