The investment firm Tiger Global has reportedly reduced the valuation of its holdings in Bored Ape Yacht Club and OpenSea. Per a Bloomberg report, the company marked down the value of its investment in Bored Ape Yacht Club (BAYC) by 69% and its stake in the NFT marketplace OpenSea by 94%. The move follows Tiger...Read More
Non-fungible token (NFT) was one of the worst-hit sectors in the digital asset industry, following a year-long downward trend. Dwindling sales and low volume raised doubts about the sustainability of NFTs. However, the market appears to be slowly making a comeback. The latest data indicates that the NFT industry has witnessed a consistent rise in...Read More
Non-fungible token (NFT) sales in Q3 2023 were the worst the market has seen in roughly three years. According to a Binance Research report, the NFT sector recorded $299 million in sales in Q3, attributed to a slump in the price of ether (ETH) and the floor prices of most collections. Worst Quarter For Sales...Read More
In 2023, the Ethereum blockchain witnessed intriguing transformations in the way users and entities engage. According to Nansen’s recent report, there has been a remarkable surge, with more than 300,000 daily active Ethereum addresses. Among these active addresses, DeFi entities have maintained their position as the dominant players. As of October 12th, 2023, DeFi users...Read More
Soccer legend Cristiano Ronaldo and Binance announced the launch of their third NFT collection: The CR7 ForeverZone, which features 50,000 limited-edition mystery boxes, will be made available for free to new and existing users of the exchange. This marks the latest development in the ongoing collaboration between Ronaldo and Binance, with the shared objective of...Read More
The recent eye-catching post calling the demise of non-fungible tokens (NFTs) has stirred strong reactions in many. The NFT sector, in general, witnessed a significant slump owing to the broader market downturn. However, a recent CoinGecko report presents a contrasting perspective. CoinGecko Weighs in on NFT Market The NFT that boasts the highest popularity on...Read More
Vitalik Buterin, the co-founder of the second-largest blockchain, Ethereum, had his X account hacked to portray a phishing site that reportedly drained over $800,000. The fraudulent post has been deleted since, and the account has been restored. The blockchain security resource PeckShield was among the first to alert about the ongoing hack later last night,...Read More
Portuguese soccer legend Cristiano Ronaldo has taken a lie detector test for the world’s largest crypto exchange, Binance, an activity he called one of his hardest challenges. The lie detector test stirred mixed reactions and speculation from the crypto community regarding Binance’s aim for subjecting the soccer megastar to such activity. Ronaldo’s Partnership With Binance Ronaldo’s...Read More
The United States Securities and Exchange Commission (SEC) brought its first enforcement action against a player in the non-fungible token (NFT) space charging Impact Theory of engaging in an unregistered securities offering. The financial regulator claimed that Impact Theory – a Los Angeles-based media and entertainment – sold approximately $30 million of NFTs while also...Read More
Decentralized ticketing platform Valicit has sold more than 230,000 tickets to the Numi metaverse’s Numi Stories Club 404 grand opening on Venom Testnet. According to a press release sent to CryptoPotato, the tickets will give players access to early multiplayer functionality in Numi’s metaverse game event. Valicit Records 230,000 in Numi’s Ticket Sales Numi, the...Read More
Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens (NFTs) are struggling, and their floor prices have plunged significantly. According to the firm, the floor prices of most blue-chip NFTs crashed by more than 25% in the last 30 days. At the same time, the prices of a few collections recorded...Read More
Following an appearance by former President Donald Trump on Tucker Carlson’s X-based interview show, the value of Trump’s baseball card-style NFT collection saw a notable surge. According to reports, the 45,000-card polygon-based Trump Digital Trading Cards’ price increased from 0.1 ether ($150) last week to approximately 0.13 ether ($215) after the viral interview. Trump: “When...Read More
Nathaniel Chastain – former head of product at the NFT marketplace OpenSea – will spend three months in jail after being found guilty of insider trading. Prosecutors maintained that he bought numerous non-fungible tokens before they were featured on the platform’s home page and later sold them at much higher prices. Chastain maintained he was...Read More
In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing...Read More
RECUR, a non-fungible token (NFT) company that raised $50 million in an investment round nearly two years ago, has become the latest victim of the current bear market. Over the weekend, the NFT platform announced that it plans to gradually shut down its operations starting this month, with a full business closure slated for November....Read More
Bitcoin Ordinals stirred up a frenzy in the community soon after its launch in January 2023. More than eight months later, ordinal inscriptions have maintained their prominence in the Bitcoin network’s activities over the past week. Despite a sharp drop in sales volume, Bitcoin Ordinals remains very much active. Ordinals Account for 85% of Activity...Read More
A group of four investors who invested in the popular NFT collection Bored Ape Yacht Club (BAYC) has filed a class action suit against the project’s creator, Yuga Labs, and 29 other companies for misleadingly promoting the collectibles as their prices continue to tumble. According to a CNN report, other defendants mentioned in the lawsuit...Read More
The fervor that surrounded Bitcoin Ordinals seems to have waned, with sales volume dropping more than 97% from its all-time high in May 2023. However, some community members believe Bitcoin Ordinals are not dead, some others state that the earlier hype was a major cause of its crash, arguing that Bitcoin is better off maintaining...Read More
On Aug. 14 he commented on the effect of ‘Onchain Summer’ was having on the company’s user interface and experience. “One thing Onchain Summer is exposing is just how broken our UX is in the main Coinbase app for NFTs, Dapps, and L2s today. Sorry to say, but true.” Coinbase Broken UX He said that...Read More
Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH). Trump’s 2023 OGE financial disclosure documents, released recently, featured an item described as a “Cryptocurrency Wallet (Ethereum),” whose value the former President placed between $250,000 and $500,000. The content of the crypto wallet is likely tied to...Read More
NFT sales have had a rocky start in 2023 but the underlying technology still holds plenty of utility. Ticketing is an interesting yet underdeveloped facet of the NFT space. It stands out as a promising frontier for NFTs in the ever-evolving world of digital advancements. As a noteworthy application of NFTs, NFT tickets play a...Read More
The American gaming merchandise retailer – GameStop – announced it will remove its cryptocurrency wallets from the market as of November 1, 2023. The entity launched those features in the spring of last year, enabling users to manage digital assets and non-fungible tokens (NFTs). The End of the Offering GameStop disclosed on its official website that it...Read More
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is...Read More
The digital asset market continues to experience one of its longest, most bitter winters in recent history, leading established companies in the space to introduce a fresh round of crypto job cuts. Prominent NFT firm and creator of the NBA Top Shot marketplace announced laying off 51 of its staff members. The latest round includes...Read More
Regulatory heat on the crypto industry intensified in the previous quarter. Facing the brunt are several sectors, including the DeFi and NFT, that demonstrated a troubling state. The blockchain gaming sector, on the other hand, appears to have remained unshaken in the face of the turmoil. According to a DappRadar report, the gaming category continues...Read More
The Portuguese soccer megastar Cristiano Ronaldo launched a new NFT collection called “Forever CR7: The GOAT.” The digital items are live on Binance NFT Marketplace and depict historic goalscoring moments from his career. Ronaldo’s memorable bicycle kick goal against Juventus in 2018 is featured as a Super Super Rare NFT with a bidding price of...Read More
Nonfungible tokens (NFTs) have not recovered anywhere near the levels that crypto markets have. Even the largest collections in the industry, such as Yuga Labs’ Bored Ape Yacht Club, are heavily discounted. On July 3, Reflexivity Research co-founder Will Clemente revealed that BAYC was down 90% from its all-time high. Floor prices for the Ape-themed...Read More
NFTs continue to attract not only more users but also capture the eyes of fraudulent entities. Web3 threat actors have set their sights on digital collectibles, with millions of funds being lost through different scams and attacks. A new report suggested that such thefts in the NFT space declined in June but remain rampant. NFT...Read More
CryptoPunks, one of the first non-fungible token (NFT) collections on the Ethereum blockchain, has reached a significant milestone as it celebrates its sixth anniversary. Since its launch in June 2017, CryptoPunks has captivated the world with its 10,000 digital collectibles, leaving an indelible mark on the NFT realm as the largest NFT collection by market...Read More
NFT data firm Mnemonic has secured a $6 million seed extension round led by Salesforce Ventures. Other participants of the fundraiser include Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs. The latest capital infusion will be deployed to accelerate the product roadmap of Mnemonic amid rising demand for deeper on-chain insights by expanding the...Read More
