LVMH Faces Lawsuit Over Alleged NFT Patent Infringement in TAG Heuer Watches
Luxury fashion giant LVMH is facing a legal battle after Watch Skins Corporation filed a lawsuit accusing the conglomerate of…
Category: NFTs
NFT Trading Crashes 63% Since December—Is the Hype Fading?
The non-fungible token (NFT) market has faced a sharp decline, with trading volumes dropping over 60% since December. Despite gaining…
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,…
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…
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…
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…
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…
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…
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…
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…