Amid Yuga Labs’ restructuring, how are investors and collectors reacting to the changing situation of the NFT market? Yuga Labs, the company behind the immensely popular Bored Ape Yacht Club (BAYC)NFTcollection, isundergoinga restructuring effort. This move comes amid a challenging period for...
While sales of non-fungible tokens (NFTs) have declined by over 38% in the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT...
Quick Take CryptoPunk #635 sold for 4,000 ETH ($12.41 million) on April 25. The sale is the sixth-most expensive CryptoPunk sale of all time and the third-most expensive one to happen in 2024. The sixth-most expensive CryptoPunk NFT sale occurred on Thursday. CryptoPunk #635 sold for 4,000...
Amended PayPal policies excluding NFTs from buyer and seller protection coverages will take effect on May 20. Multinational payment services firm PayPal is silently taking down protections for purchases related to nonfungible tokens (NFTs). On May 20, amended policies will take effect,...
Jose Martinez Calderon / Getty Images Non-fungible tokens (NFTs) —digital assets that represent a wide range of tangible and intangible itemsand are recorded on a blockchain —reached peak hype a few years ago. At the time, they attracted massive amounts of money. For instance, auction...
The Runes protocol will launch when Bitcoin's halving takes place, and a wave of new tokens will ignite a new season for the world's largest blockchain. The 2024 halving is a major event in the cryptocurrency world. This year, however, the Runes protocol — and the hunt for the epic...
Quick Take Powerhouse web3 brand Bored Ape Yacht Club has seen the floor price for its once-celebrated NFTs reach its lowest point since August 2021. The floor price has declined by more than 90% from its all-time high, which it hit almost exactly two years ago. Bored Ape Yacht Club NFTs may...
Animoca Brands Japan, a subsidiary of the renownedAnimoca Brands, has announced plans to establish an NFT launchpad scheduled for release this summer. This initiative aims to facilitate the global expansion of Japanese IP and content creators in web3 by leveraging Animoca Brands’ extensive...
7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections Lead Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some...
LA Flips Its Final NFT-Themed Burger Out of Bored and Hungry A famous Long Beach, California restaurant known for fusing NFT culture with delicious food, Bored & Hungry LA, has announced its closing, bringing a bittersweet moment to both burger lovers and fans of the NFT. After a fruitful...
Inner Circle Party Hosts Forbes Web3In partnership with Magic Eden, Steady Stack, and DeGods, ForbesWeb3 is further broadening its horizons in theWeb3 communityby presenting a community-focused event at NFTNYC this year. The Inner Circle Party offers an evening where attendees can enjoy...
Users have been prompted to withdraw Bitcoin NFTs from Binance by May 18. Binance (Nikhilesh De/CoinDesk) Trading volume for NFTs is at multi-year lows. Bitcoin NFTs caused widespread network congestion in December. Binance users will not be eligible for future Bitcoin NFT airdrops....
The world ofNFTs(Non-Fungible Tokens) has exploded in recent months, with established companies from various industries dipping their toes into this new digital frontier. From Adidas releasing virtual sneakers to Taco Bell auctioning off digital taco GIFs, the NFT landscape is becoming...
Move over Bored Apes. Thanks to a contract with Walmart to sell stuffed toy versions of its cute aquatic birds, The Igloo Co is home to the world’s hottest NFT collection. Aisle 17 of the Walmart Supercenter in North Bergen, New Jersey is devoted to children’s toys and games, and the...