The past 30 days have seen a decline in trading volumes and prices of most non-fungible token (NFT) projects, likely due to the prolonged bear market of 2022 and the first quarter of 2023. According to data from blockchain analytics firm IntoTheBlock, only six of the top 20 NFT collections by market capitalization recorded increased...Read More
After a turbulent 2022 owing to macroeconomic headwinds, Solana’s performance improved substantially in the first quarter of the year. Data suggested that its market cap increased by more than 118% QoQ along with the broader market. Furthermore, numerous ecosystem developments fueled fee payer and transaction activity during Q1. Solana’s Performance in Q1 Solana’s network outages...Read More
TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser. The company, which is a subsidiary of the blockchain gaming platform Animoca Brands, will use the funds to accelerate its product development and hire more staff. Several giants in the finance field led the multi-million...Read More
Blur appears to have lost its title as the world’s most popular NFT marketplace. OpenSea Pro was rebranded and unveiled to court active traders from Blur. The latter was eating away at OpenSea’s market share since its launch last October. The counteroffensive proved somewhat successful as data suggest that the new “polished” NFT aggregator has...Read More
Last month a crypto Twitter influencer accidentally destroyed their $129K CryptoPunk NFT. Here are some best practices to protect your NFTs from losses to technical mishaps with your crypto. “This is truly a devastating mistake for me.💔 But I did this myself, and it is no one’s fault but my own. Both the beauty and...Read More
In the wake of fierce competition from rival Blur for the top spot, NFT giant OpenSea announced a new aggregator platform that boasts zero fees for a promotional period, advanced order types, as well as “deepest liquidity, and fastest speeds.” Dubbed “OpenSea Pro,” the marketplace was previously known as Gem, acquired by OpenSea last April....Read More
The NFT collection featuring Donald Trump saw an increased interest in the hours after the billionaire’s arrest. Trump Digital Trading Card holders sold over 60 tokens following his appearance in the courtroom. According to data from the leading NFT marketplace OpenSea, digital art depicting Donald Trump has surged in popularity after he became the first former...Read More
Flybondi – a low-cost airline in Argentina – became the first in its field to launch flight tickets in the form of non-fungible tokens (NFTs). The initiative, dubbed Ticket 3.0, is already available for clients willing to fly to domestic destinations. Eliminating the Usual Restrictions The company announced on its website that each purchased ticket will be...Read More
The NFT sector appears to be clawing back as the sentiment around the broader crypto market recovers. The emergence of new players and changing dynamics have resulted in a rapid evolution of the non-fungible token space. Despite a frantic start, NFTs had a strong Q1 2023. NFT Market Recap: Q1 2023 According to a report...Read More
The United Kingdom has dropped its plans to launch a government-backed non-fungible token (NFT) aimed at enhancing the country’s approach to crypto assets. Andrew Griffith, Economic Secretary of the Treasury, disclosed to Parliament that the Royal Mint, tasked with creating the NFT, would not proceed with the plan but would keep the proposal under review....Read More
Gucci announced a multi-year partnership with Yuga Labs, the company behind well-known NFT collections such as Bored Ape Yacht Club (BAYC), CryptoPunks, and Meebits. The main aim is to explore “the intersection between fashion and entertainment in the Metaverse,” according to the press release. With the latest move, the Italian high-end luxury fashion house is...Read More
Multi-chain non-fungible token (NFT) marketplace Magic Eden has launched a “fully audited” marketplace on the Bitcoin network as interest in Ordinal NFTs continues to grow. In a press release, Magic Eden said it released the marketplace in honor of Bitcoin’s culture. Riding on the “lightning pace of adoption” that followed the launch of the Ordinal...Read More
Silicon Valley Bank (SVB) was the backbone of many startups and venture capital funds around the world. Its collapse signifies the biggest banking failure since the 2008 financial crisis. While the crypto market has largely been spared from an adverse effect, the same cannot be said for the non-fungible token (NFT) space. According to the...Read More
Cryptocurrency exchange Binance’s non-fungible token arm – Binance NFT – has announced adding support for the Polygon network on March 8th. The integration of the Polygon network will enable users to explore and trade a wider variety of NFTs across multiple blockchains. This includes – BNB Smart Chain (BSC), Ethereum (ETH) network, as well as...Read More
Amazon, the world’s largest e-commerce company, is reportedly preparing to enter the world of non-fungible tokens (NFT) with the launch of its own Marketplace, reportedly scheduled for April 24th. According to Yahoo Finance, the new ‘Amazon NFT Marketplace’ or ‘Amazon Digital Marketplace’ will offer 15 NFT collections that will initially be available to customers in...Read More
On Feb. 28, Yuga Labs announced Twelvefold, its latest contribution to the world of nonfungible tokens. Riding on the back of the Ordinal inscription craze, the firm unveiled a limited edition collection of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain. The announcement described the collection nomenclature as: “TwelveFold is a base 12...Read More
Despite the ups and downs of the crypto market, the Web3 and the NFT gaming industries continue to attract the attention of business leaders who are betting on technological innovation to push the whole ecosystem forward. On February 24, Trip Hawkins, one of the founders of Electronic Arts (EA), announced he was joining the Web3...Read More
Spotify is testing a new service – “token-enabled playlists” – with one of its partners to enable non-fungible token (NFT) holders to connect their wallets and access curated music. It is currently in the pilot phase. The new service was designed in partnership with the Web3 gaming ecosystem, Overlord, and involves a token-enabled community-curated playlist...Read More
A group of cryptocurrency veterans acquired the comic-focused, blue-chip NFT collection – 0N1 Force. 0N1 Force is among the first anime-themed NFT collections and comprises 7,777 side-profile characters and more than 100 hand-drawn features. According to a press release seen by CryptoPotato, a collective of cryptocurrency industry veterans led by blockchain investment firm Old Fashioned...Read More
Solana Spaces, two retail stores that opened up this summer in New York and Miami, will be closing down by the end of February. The retail stores for Solana-based projects were the idea of San Francisco-based investor @vibhu, who wanted to offer a more face-to-face onboarding experience to those interested in NFTs and the blockchain...Read More
Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. According to data from blockchain data platform Dune Analytics, a total of 81,468 Ordinals have been inscribed into the Bitcoin network. This has caused an upsurge in...Read More
On February 9th, DappRadar published a report showing that the Ethereum NFT market cap value fell by 59.60% from $9.3 billion in 2022 to around $3.7 billion in early 2023. DappRadar’s study is based on the marketcap analysis of 81 of the largest NFT collections running on the Ethereum network. 2/ The market cap for...Read More
The single edition non-fungible token (NFT) of professional basketball star Giannis Antetokounmpo was sold for 113.9 ETH ($187,000) on Sorare NBA over the weekend. Sorare NBA is a licensed NFT-driven fantasy basketball game, and the sale set a new milestone, being the platform’s highest single transaction since its launch in October 2022. The 1/1 Antetokounmpo...Read More
WeTransfer, a freemium model file-sharing platform, has moved towards Web3 with a recently announced partnership with Minima that would allow users to create and send NFTs from their phones. Creativity and Privacy According to Damian Bradfield, the Chief Creative Officer at WeTransfer, the decision to partner with Minima came due to a closely-aligned vision and...Read More
NFT marketplace SudoSwap said it debuted its native governance token called SUDO with an airdrop of coins to early supporters. The move comes amid a recent resurgence in NFT trading volume after a lull that was part of a broader downturn in crypto activity. SUDO Tokens to Be Airdropped to SudoSwap LPs SudoSwap announced the...Read More
Less than a month into the new year, the market is already showing sustainable signs of recovery, and the “creative destruction” that transpired could ultimately be a huge win not just for the consumer but also in terms of regulatory protections and rapid innovation, as well as lowered cost structures. Despite the many ups and...Read More
Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring. According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture. So far, Amazon has invested in layer-1 blockchains...Read More
The price of Ethereum, BNB Coin, Solana, and other DeFi altcoins kept running this week. New data in a report out from DappRadar reveals there were more NFTs sold in 2022 than the year before. DappRadar: NFTs Sales in 2022 Soared In more good news for cryptocurrency’s DeFi platforms, NFTs sold last year topped sales...Read More
While non-fungible tokens (NFTs) took a nosedive in popularity last year due to dwindling investor sentiments, the asset class has been gaining renewed user interest since the start of the year. The NFT market has seen strong activity over the past few weeks as the broader crypto market gradually recovers from the 2022 crypto winter....Read More
Fraudulent entities are increasingly targeting the Google Ads platform to spread malware to unsuspecting users searching for popular software products. A pseudonymous NFT user, “NFT God,” is the latest victim of one such fraud. They claimed to have had their “entire digital livelihood” violated as a result. Losing a Life-Changing Amount It all started when...Read More
