Tag: NFT

Logan Paul NFT buyback shows celebs can’t ‘play around’ in Web3

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Community members have reacted to YouTuber Logan Paul’s buyback announcement, delivering on his year-old promise to refund the disgruntled investors of his nonfungible token (NFT) project CryptoZoo.  The NFT project was supposed to be a play-to-earn (P2E) game that lets players buy, sell, breed and trade animals with crypto. The YouTuber announced the project in August 2021, but the game was never released. This sparked allegations of fraud and led to a class-action lawsuit against the celebrity.  Community member criticizing the images on Paul’s NFT project. Source: X  Throughout the…

NFT sales on Bitcoin hit record in December 2023

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Sales of non-fungible tokens (NFTs) on the Bitcoin (BTC) network reached $881 million in December 2023. According to the Cryptoslam portal, in December 2023, NFT sales set the highest single-month sales record. Source: Cryptoslam In addition, a record 111,713 buyer addresses participated in NFT transactions on the Bitcoin chain in December. Simultaneously, the number of merchant addresses rose to 98,744, marking the highest number of merchants in a month. Meanwhile according to Cryptoslam, the total sales of NFT Ethereum (ETH) amounted to $364.79 million. Sales of BTC-focused NFTs outpaced ETH…

Trump Sells Off Millions in Ethereum Following Woeful NFT Business

Trump’s recent sell-offs have triggered speculations that he may have lost interest in crypto and may be seeking to cash in on all of his holdings. Former president of the United States of America Donald Trump has sold no less than $2.4 million worth of Ethereum (ETH) over the past three weeks. That is according to a report by blockchain intelligence firm Arkham. The latest report follows after Trump reportedly made the third attempt to recharge his NFT trading card business. However, seeing as the attempt yielded very little success,…

China Ministry of Science and Technology Vows to Clarify Web3, NFT Development Path

The strategy document would handle the issues of inheritance, innovation, security and government obligations, the department, along with the Chinese Academy of Sciences, and the China Association for Science and Technology, said. Plus, the ministry plans to strengthen interaction between relevant departments to promote Web3 innovation, deploy further research and strengthen talent in the industry. Source

OKX NFT marketplace overtakes OpenSea and Blur in trading volume

The daily trading volume of the OKX non-fungible tokens (NFT) marketplace has surpassed market leaders Blur and Magic Eden. On Dec. 18, the trading platform’s indicator was $45.31 million putting it in front of Blur, Magic Eden, UnitSat and OpenSea in terms of trading volume. Source: DappRadar The growth of the OKX platform is due to an increase in the trading volume of Bitcoin (BTC) NFTs. On Dec. 15, the crypto exchange listed SATS, a BRC-20 standard token, an asset that competitors like OpenSea and Blur do not yet support. Blur…

OKX Surges Ahead of OpenSea and Blur in NFT Race Thanks to Bitcoin Ordinals

OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3 million on OpenSea. This surge centers around Ordinals – unique NFTs built on the Bitcoin blockchain that have recently taken the crypto world by storm. With exclusive support for trading Ordinals, OKX currently leads the…

New And Upcoming NFT Projects

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Finding the best upcoming NFT projects can be quite challenging, but it’s an endeavor filled with excitement and potential rewards. The NFT world is buzzing with innovation and creativity, offering a plethora of opportunities for collectors and enthusiasts alike. This guide is tailored to simplify your journey through this vibrant landscape, highlighting key NFT trends, notable upcoming NFT mints, and standout NFT projects across various platforms. We’ll show you how to find upcoming NFT projects! Upcoming NFT Projects The arena of upcoming NFT projects in 2024 is a treasure trove…

NFT Trader’s stolen Apes returned after bounty payment

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All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) stolen from the peer-to-peer trading platform NFT Trader have been returned after a bounty payment.  NFTs worth nearly $3 million were stolen in the hack on Dec. 16. As per public messages, the attacker attributed the original exploit to another user. “I came here to pick up residual garbage,” they wrote, requesting ransom payments to return the NFTs. “If you want these NFT’s back then you need to pay me 120 ETH […] and then…

Coinbase, Ledger, Trump, SafeMoon, NFT Trader: Weekly Recap

Today’s Weekly Recap dives into U.S. regulators’ rejecting Coinbase’s petition for clear rules; the Ledger hack; SafeMoon’s bankruptcy; former U.S. President Donald Trump’s new NFTs; and the massive breach at NFT Trader. Regulatory efforts One of the highlights this week was a slew of events related to crypto regulations. Chairperson of the U.S. CFTC Rostin Behnam claimed in a CNBC interview on Dec. 12 that most crypto assets are commodities under existing laws, as opposed to the SEC’s stance. Stablecoin issuer Tether reaffirmed its readiness to work with U.S. authorities…