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…
Category: NFTs
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…
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…
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…
DeFi, NFTs and Web3: Assessing Ethereum, Polkadot and Solana’s Emerging Use Cases
The blockchain triumvirate of Ethereum, Polkadot, and Solana represent three leading smart contract networks driving decentralized app development. Each offers…
NFT Mystery Boxes: A Chance to Get Rare and Valuable NFTs – Explained
NFT mystery boxes are a unique and thrilling way to acquire digital assets. Like a traditional mystery box, the contents…