NFT Market Sees Worst Performance Since 2020, Trading Volumes Drop 19%, Sales Fall 18%
The non-fungible token (NFT) market in 2024 experienced its worst performance in terms of trading volume and sales since 2020, according to a recent report...
NFT Market Surges Back to Life as Trading Volumes Soar: OpenSea, Blur, and Magic Eden Lead the Charge
The non-fungible token (NFT) market, which had seen a significant downturn for much of the year, is exhibiting signs of a potential resurgence, according to...
Yuga Labs Acquires Tokenproof’s Tech Team to Boost NFT Accessibility and Utility in Web3
Yuga Labs, the renowned blockchain company behind the iconic Bored Ape Yacht Club (BAYC) and ApeCoin, has announced the acquisition of Tokenproof, a Web3 tokenization...
2024 NFT Market Crisis – 98% Of New Drops Fail, 64% Struggle To Sell In 10 Minutes, And Only 0.2% Deliver Profits – What’s Next For Creators And Investors?
A recent study by NFTEvening and Storible agency has revealed a sobering truth about the state of the NFT market in 2024: most new NFT...
NFT Market Takes A Hit – 20% Drop In September Sales To $296 Million Amid SEC Crackdown
The NFT market faced a significant downturn in September, continuing its downward trajectory as digital collectibles struggled to regain their footing. According to data from...
OpenSea vs. SEC: OpenSea Gets ‘Wells Notice’ From SEC Over Securities Claims”
Non-fungible token (NFT) marketplace OpenSea has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), indicating potential legal action. The SEC alleges...
SuperRare NFT Marketplace Visits Plummet 45% YoY as Market Loses Steam
SuperRare, a leading platform for non-fungible tokens (NFTs) and digital art, is experiencing a significant decline in user engagement. According to data from Statista, monthly...
NFT Sales Plunge 44% in Q2 as Memecoins Surge and Bitcoin Ordinals Emerge
The once red-hot market for non-fungible tokens (NFTs) took a significant hit in the second quarter (Q2) of 2024, with sales plummeting 44% compared to...
Dolce & Gabbana NFT Lawsuit: Customer Sues Over Delayed Delivery and Metaverse Mishap
Luxury fashion house Dolce & Gabbana USA faces a lawsuit from a disgruntled customer alleging mishandling of their non-fungible token (NFT) project, according to Bloomberg....
CryptoPunks Go Galactic: Alien Punk Sells for $12.38 Million, Highlighting NFT Market Resilience
The world of Non-Fungible Tokens (NFTs) has witnessed another astronomical sale, solidifying the staying power of these digital collectibles within the art market. CryptoPunks, a...