KT Corporation, the South Korean telecommunications giant with over $32 billion in total assets, is closing down its non-fungible token platform, MINCL, as of March 4. The company cited âshifting business conditionsâ as the reason behind the closure of the platform, operated under the...
Non-fungible token (NFT) marketplace Magic Eden has rolled out an incentivization scheme for its collectors, and creators. Magic Eden to Give Back to Contributors For a long time, Magic Eden has channeled effort and resources into designing a long-term cross-chain NFT reward program. The scheme...
Ethereum network recorded sales worth $19.8 million in the last 24 hours. CryptoPunks, BAYC, and Pudgy Penguins lifted Ethereum to the top in recent days. After a brief scare,Ethereum [ETH]has reclaimed its position as the top blockchain fornon-fungible token (NFT)trading activity. According to...
Former President Donald Trump is reportedly set to make his debut on Bitcoin Ordinals. The announcement, made by CollectTrumpCards on X,revealedthe minting of Trump Digital Trading Cards NFTs on Bitcoin. The launch noted that it is offering the purchase of 100 Trump Digital Trading Cards using...
US video game retailer GameStop has just announced it has made the decision to close its NFTs platform due to uncertainty over cryptocurrency regulation.According to the announcement, the closure will take effect next February 2.Access more than 50 of the world's financial markets directly...
Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assetsfell 63%to $8.7 billion in 2023, even with volume tripling between October and November, Bloomberg News reported Sunday (Jan. 14), citing data from CryptoSlam. As that report notes,...
One community member on X described the move as âanother black eyeâ for the NFT industry. The removal of support for nonfungible token (NFT) profile pictures on X (formerly Twitter) sparked discussions among community members on what the move may mean for the NFT space. On Jan. 10,...
With the rebound in the cryptocurrency market, the trading volume of Non-Fungible Tokens (NFTs) has also recently increased. The picture shows Beeple's artwork (left) which was auctioned for 78.5 billion won($59 million) at Christie's in 2021, and Mari Kim's 'Missing and Found',...
The controversial YouTuber has finally admitted that his blockchain Ń game âwill not be releasedâ Photo:Steven Ferdman(Getty Images) In case you forgot, controversial YouTuber Logan Paulpromised to pay back millions of dollarsto folks who fell victim to his NFT âgame,â...
Cointelegraph spoke with Web3 professionals to see what trends and challenges they predict the NFT space could face in 2024. As 2023 closes its curtains, nonfungible tokens (NFTs) continue to be a big part of the Web3 space. Community members are looking to 2024 with bullish eyes,...
Quick Take Yuga Labsâ NFT projects CryptoPunks, Bored Ape Yacht Club and Mutant Ape Yacht Club dominated the most expensive NFT sales of 2023. In fact, four of the sales were a CryptoPunk, four were a Bored Ape and one was a Mutant Ape Yacht Club NFT. The only non-Yuga Labs asset making the...
Quick Take Yuga Labsâ NFT projects CryptoPunks, Bored Ape Yacht Club and Mutant Ape Yacht Club dominated the most expensive NFT sales of 2023. In fact, four of the sales were a CryptoPunk, four were a Bored Ape and one was a Mutant Ape Yacht Club NFT. The only non-Yuga Labs asset making the...
Bitcoin Ordinals, the U.S. SEC deeming NFTs as securities and the issue of royalties for creators were some of the biggest topics in the industry in 2023. Nonfungible tokens (NFTs) remained an integral part of the Web3 ecosystem in 2023, with many community members continuously braving new...