China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government. Tencent shut down one of its NFT platforms on July 1 while the other one is struggling to remain afloat. A report from a local daily indicates that the wind-down process for the same began in May. The tech giant transferred key executives responsible for managing the NFT platform in the last week of May and completely removed the digital…
Tag: NFT
CryptoPunk sells for $2.6M as big NFT brand floor prices increase
Despite a major decline in trading volume across the broader non-fungible token (NFT) market, a single CryptoPunk has sold for a whopping 2,500 ETH which equates to a price tag of just over $2.6 million. The $2.6 million transaction makes the sale of CryptoPunk 4464 — one of just 24 ape-themed CryptoPunks — the largest NFT sale of the last 30 days across the entire market. Punk 4464 bought for 2,500 ETH ($2,615,224.91 USD) by 0x561786 from 0x33eaae. https://t.co/xqtkT3BeER #cryptopunks #ethereum pic.twitter.com/iCAAG4LKHg — CryptoPunks Bot (@cryptopunksbot) July 12, 2022 When…
Polygon Joins Disney’s ‘Accelerator Program’ to Develop AR, NFT and AI Experiences
The Ethereum scaling tool is one of six companies selected by the media and entertainment giant to be a part of its new program. Source
UK court allows lawsuit to be delivered via NFT
According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by Fabrizio D’Aloia against Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations someone was operating a fraudulent clone online brokerage has resulted in a legal precedent offering a digital solution to serving someone. On June 24, the judge in the case allowed parties to be served by airdropping NFTs into wallets originally held by D’Aloia but stolen by unnamed individuals. Until now, Civil Procedure Rules in the U.K. allowed lawsuits to be served by…
NFT Sales Jump 10% Higher Than Last Week, Cryptopunk #4,464 Sells for $2.6 Million – Markets and Prices Bitcoin News
While digital currency markets have dropped in value during the last two months, weekly non-fungible token (NFT) sales have slid lower as well. Seven-day statistics show that NFT sales managed to rise more than 10% higher than the week prior. One particular NFT sale, Cryptopunk #4,464, helped push this week’s sales volume up as the NFT sold for 2,500 ether or $2.6 million at the time of settlement. Cryptopunk Sales Increased by 545%, Ronin-Based NFT Sales Climbed 146% Higher, Gaming NFTs Rise Above Art and Digital Collectibles Weekly NFT sales…
Cornucopias Completes The Largest single NFT Land Sale On The Cardano Network
Land is the most desirable asset of any metaverse as it bestows exclusive perks upon the owners and in a recently concluded 5-day sale, Cornucopias has set the record for the largest NFT Land sale on the Cardano network. As the popularity of NFTs on the Cardano network continues to grow, more promising projects have emerged to build on the solid foundation laid by the Cardano team. Cornucopias, a play-to-earn project, has proven that the utility of NFTs on the Cardano network is here to stay after selling out its…
NFT volume sees yearly low in June, but first-time buyers remain consistent
Blockchain analytics service Nansen has published its NFT Indexes Report for the second quarter of 2022, showing the market dynamics and quantitative performance of nonfungible tokens (NFTs) over the last three months. The report identifies and determines key factors contributing to the well-documented NFT bear market, including Ethereum-based volume and transactional metrics, as well as market capitalization, among others. Commencing with an analysis of NFT volume statistics on Ethereum measured per week across a monthly time frame, the report found that June recorded the lowest figure of the calendar year. …
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Claim Your First NFT Top-Level Domain for Web3 on Quik․com – Sponsored Bitcoin News
sponsored NFT domains enable users to establish a presence on the decentralized web and the metaverse, with Quik.com providing top-level domains such as .metaverse, .vr, .web3, and many other powerful options for users to claim. Check out metaverse domains. The metaverse ideology and the emerging concept of brands establishing themselves in the decentralized web-based virtual universe have created a race for top-tier domains for businesses, individuals, and many developers to acquire the best at the early stages of this virtual universe. While traditional domains optimize a centralized dispute resolution process…