Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […] Source CryptoX Portal
Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, […] Source CryptoX Portal
Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn […] Source CryptoX Portal
This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown Blockchains by NFT sales volume | Source: CryptoSlam The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of…
According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had not “even figured out the best ways to use NFTs in loyalty […] Source CryptoX Portal
Hunters On-Chain, a blockchain-based battle royale game, is making waves in the gaming world by offering players true asset ownership through non-fungible tokens (NFTs), according to immutable.com. Enter the Hunting Grounds In Hunters On-Chain, players take on the role of elite Hunters tasked with capturing mythical creatures. Each playable Hunter is an NFT, which can be acquired through initial minting, the marketplace, or summoning. With 40 unique classes, players must strategically collect the right Hunters and choose their battles wisely to succeed. The game features…
In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal. According to a Bloomberg report, Google searches for NFTs have reached their lowest levels since 2021, when these tokens first gained mainstream attention. Popular NFT Collections Experience Steep Price Declines A significant drop in sales further highlights the NFT market’s struggles. Researcher DappRadar reveals that…
In a landmark event for the Bitcoin.com Verse community, the Verse Voyager NFT collection has completely sold out. This achievement underscores the growing interest and enthusiasm in the decentralized finance space and highlights Bitcoin.com’s commitment to innovation and community engagement. “In a market overwhelmed by speculative meme coins, the success of our first NFT collection […] Original
“The defendants ran a scam to drive up the price of digital artwork through false promises about developing a videogame,” U.S. Attorney Damian Williams said in a statement. “They allegedly took investor funds, never developed the game, and pocketed the proceeds. Digital art may be new, but old rules still apply: making false promises for money is illegal.” Source
Valentin Pletnev couldn’t use his ticket for a Mar-a-Lago Trump gala, so prominent crypto figure Ryan Selkis went instead. Neither expected the U.S. policy whirlwind that followed, but even as Pletnev upgrades his DeFi platform to promote ‘Yield for All,’ it still won’t be available in the country. Source