While the market for NFTs has cooled from the frenzy that marked 2021, the digital assets are still generating billions of dollars in trading volume in 2023. (Beeple) The hype over non-fungible tokens (NFTs) that overtook news cycles and crypto markets in 2021 has died down....
NFT.NYC â ayearly crypto confabwhich even last year had displayed the decadence of a sector worth trillions â took a decidedly downmarket turn this week. Since its inaugural run in 2019, purveyors of so-called NFTs, or non-fungible tokens, have spent millions on splashy events. They have...
Now that the crypto asset sector has weathered the hype, higher-quality projects are likely to continue developing, Jeff Garzik says. The hype once driving the popularity of non-fungible tokens (NFT) may have finally settled, said Jeff Garzik, a former Bitcoin core developer...
The negative publicity around NFTs and crypto have galvanized some to drop the word altogether from their marketing efforts. In April, the British rock band The Rolling Stones will unveil 40 photos linked to NFTs, or non-fungible tokens. These will largely focus on âhistorical moments captured...
Speculative NFT project Nakamigos has recently broken into the NFT spotlight, spawning copycat projects such as Magamigos and Nakamigas that capitalize on the trend. But while meme projects may offer short-term gains, they rarely offer long-term value and ought be scrutinized. Nakamigos...
In the hour after the 45th president was arrested Tuesday afternoon, the collection saw 30 sales, a 462% increase after a long period of token holder dormancy. (OpenSea) Donald Trumpâsnon-fungible token (NFT) collection saw a surge in sales after the 45th U.S. presidentâs Tuesday court...
Following news of a New York Grand Jury voting to indict former president Donald Trump on March 30, the floor price for the officially licensed Trump Digital Trading Cards nonfungible token (NFT) project pumped. Accordingto data from OpenSea, NFT traders were seemingly spurred into action by...
Argentinian low-cost airlineFlybondiis integrating Web3 into its ticketing process by issuing e-tickets as non-fungible tokens (NFT). The new integration announced Thursday is calledTicket 3.0and is an expansion of its existing relationship with NFT ticketing companyTravelX, which...
(Y00ts NFT collection via Magic Eden) Popular non-fungible token (NFT) project y00ts has started the migration process from its native Solana blockchain to the Polygon network in a move meant to speed up transaction times and reduce network fees. The...
The top 10 NFTs collections to invest in 2023 are extremely popular because of their utility Wondering where to invest next? Well, what better investment option than Non-fungible tokens? The last couple of years has been quite interesting for the NFT market. A lot of investors had shown an...
LONDON, ENGLAND - JUNE 04: Kevin McCoyâsQuantum(2014) â the first artwork ever minted â goes on view as part of âNatively Digital: A Curated NFT Saleâ at Sotheby's on June 04, 2021 in London, England. The exhibition is on view until 10 June, when the sale closes for...
The move by the gaming giant aims to make assets more interoperable, not only between different games but also hardware like VR headsets, computers and different consoles. Entertainment and gaming console giant Sony Interactive Entertainment has filed for a patent that would make non-fungible...
Buy a Non Fungible Token, get barrelled Thought the NFT craze died during the last crypto crash? Not so fast. A group of Brazilian surfers recently came together to create the âSurf Junkie Clubâ, an online club thatâs joined by purchasing an original piece of artwork (starting at $40) by...
Ordinals infrastructure is taking shape, with multiple marketplaces now servicing the budding Bitcoin digital collectible community. Gamma.io is the latest, having built its presence by supporting creation and auctions for NFTs issued on Stacks, the smart contract layer for Bitcoin. The...
Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and the metaverse. [email protected] tips. Yuga Labs is continuing to build on the release of NFT-powered gameDookey Dashearlier this year. The NFT...
The companyâs net carrying value of digital assets was $327,000 as of December. (Mathew Imaging/WireImage) Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs. PLBY Group (PLBY), the parent company of the...
Cardano NFT projectClay Nationhas unveiled a new NFT collection, which it has tagged "Icons by Clay Nation." The edition is the first of its kind ever, and it features legendary musician Snoop Dogg. The "new claymation" is called "Snoop Dogg, Gin, and Juice." In April 2022, Clay Nation...
Users get zero trading fees on Ethereum and Polygon collections on Binance NFT, and 100% gas rebates on their first three Ethereum NFT purchases. Zero Fees, Gas Rebate The battle between decentralized NFT marketplaces Blur and OpenSea has grabbed news headlines; meanwhile, Binance NFT is...
Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption. Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of...
The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume, which hit $1.89 billion in February. The top sixnonfungible token (NFT)marketplaces saw a rise in wash trading for the fourth straight month, with a total volume of $580 million. According to...
A piece of art named âThe Mergeâ by artist Pak sold for $92 (ÂŁ75) million in 2021. While a sale of this magnitude isnât unheard of in the art world, The Merge set a different type of record. Why? Well, The Merge isnât a physical painting or a sculpture but a non-fungible token (NFT)....
Here learn if NFT games are profitable and how to make money from these play-to-earn models Users ofWeb3are now curious about how to generate money using NFTs due to the growth of NFTs. Participating inNFT gamesis one way. Among other things, the play-to-earn approach gives participants the...
The director of The Graph Foundation, and a speaker at this yearâs Consensus festival, on why NFT artists should get royalty payments and why online pseudonymity matters. (Ian Suarez/CoinDesk) Where is Web3 headed? Take a look to the future with this pioneering investor...
A new Sony Interactive Entertainmentpatent filingspotted bySegment Next indicates the company is working to implement a stronger framework for NFTs in its video games and consoles. While the popularity of NFTs has waned significantly over the last few years, sped along by thecollapse of the...
The NFT project doodles is looking to go beyond being an NFT project, with plans to become a "leading media franchise." Identity crisis: Cofounder of doodles says itâs not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away...
Bitcoin Ordinal NFTs Minted Surpasses 500,000 Mark â Whatâs Next? Bitcoin Ordinal NFTs Minted Surpasses 500,000 Mark, Whatâs Next? Bitcoin ordinal NFTs are the trending asset on the bitcoin network, with more than 500,000 NFTs minted recently. These unique digital assets have taken over...
PLBY Group (PLBY), the parent company of Hugh Hefner's Playboy, said it took an impairment loss of $4.9 million on the Ethereum it held last year, as crypto winter saw a significant decline in the broader market prices. The lifestyle and media company said that it accepted Ethereum as...