UAE analysts examine relevance, profitability of NFTs after sales peaked in 2021. NFTs have seen incredible returns on investment, with rare and sought-after pieces of digital art being sold for big profits. he reality, however, is many NFTs stay unprofitable. Image Credit: AFP Dubai: Global...
NFTs, or non-fungible tokens, captured the investing worldâs fancy over the past few years, as high-profile sales of digital art and other digital collectibles such as CryptoPunks soared in popularity and price. In total, $26.3 billion inNFTswere sold in 2022, according to CoinGecko, though...
Over the years, NFT versions of iconic internet memes have netted their creators millions of dollars. Here's the ranking. Last Monday, an on-chain photo of a puppy in a knit beanie sold for slightly more than$4.3 million. While such a statement might sound absurdâand this might not make a...
CryptoPunk #7804 has been sold for 4,850 ETH, or US$16.38 million. The transaction, which occurred on Wednesday is now the second most expensive sale in the history of CryptoPunks, according to CryptoSlam data. The sale of CryptoPunk #7804 surpassed the value of CryptoPunk #3100, which was...
(Dogwifhat) The original picture of Achi, the dog wearing a pink beanie hat, was sold for 1,210 ETH in an auction on the crypto platform Foundation, with influential trader GCR winning the bid. GCR, known for market insights and accurate predictions, has gained fame...
Major coffee retailer Starbucks said on Friday afternoon it will be ending its NFT-enabled customer loyalty program, dubbed Odyssey. The program will close on the last day of March. âThe Starbucks Odyssey Beta must come to an end to prepare for what comes next as we continue to evolve the...
Unlike games that rely partly on centralization (Axie Infinity), fully on-chain games give players more control â and get them more engaged. Gaming has been a catalyst in resurrecting Web3 from a year-long winter. Itâs also a key force for mass adoption. Yet, the journey towards...
The U.K. started a consultation on its money laundering rules on Monday. The U.K. is sharpening its approach for crypto (Jesse Hamilton/CoinDesk) NFT providers may need to be registered with the Financial Conduct Authority, the Treasury said in a consultation on money laundering regulations....
Quick Take PROOF and Moonbirds co-founder Kevin Rose sold off several high-value NFTs on March 9, but denied assertions that heâs leaving the Web3 space entirely in a post on X. Kevin Rose, co-founder of NFT project PROOF, has liquidated over $1.2 million worth of NFTs, but denied rumors...
Bitcoin-based collections traded more volume than Ethereum collections in the past 24 hours, which shows network adoption as bitcoin prices inch closer to highs. Bitcoin NFT collections traded the most volumes in the past 24 hours at $35 million compared to Ethereum-based...
Image: Envato Elements CryptoPunk #3100, one of the rare âAlien Punks,â has been sold for 4,500 ETH, worth approximately US$16.5 million, marking the second-largest transaction for a CryptoPunk in both U.S. dollar and ether terms. The sale, which took place on March 4, surpassed the...
The $300 million Bored Ape Yacht Club metaverse looks awful in its first big test To enter this bathroom and twerk youâll need to spend $70,000. Screenshot:Yuga Labs / Kotaku A large metaverse project created by the company behind theBored Apes Yacht Club NFTproject held a recent series...
MXM, MixMobâs governance token on the Solana blockchain, operates the MXM Esports League and incentivizes players. (Andrew Wulf/Unsplash) MixMob's Racer 1 game will see Star Wars stormtroopers make an appearance starting in the second quarter. The developer plans to arrange three more...