Tag: NFT

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SVB collapse chilled NFT trading volumes: DappRadar

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Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering between $68 million to $74 million in the lead-up to SVB’s collapse on March 10, then fell to $36 million on March 12. The dip was accompanied by a 27.9% drop in daily NFT sales count between March 9…

Doodles ‘no longer an NFT project,’ Playboy bares all on NFT earnings and more

Identity crisis: Cofounder of doodles says it’s not an NFT project One of the co-founders of nonfungible token (NFT) project doodles says it is going to pivot away from being an “NFT project” to becoming a “leading media franchise.” In a March 18 post on the project’s Discord, one of the doodle’s founders, Jordan Castro — who goes by the pseudonym “poopie” online — said it wanted to move away from financial speculators. “We’re trying to go from a startup to a leading media franchise. We are no longer an…

Playboy Lost $4.9M on Ethereum It Accepted as NFT Payments

“The market price of one Ethereum in our principal market ranged from $964 – $3,813 during the year ended December 31, 2022, but the carrying value of each Ethereum we held at the end of the reporting period reflects the lowest price of one Ethereum quoted on the active exchange at any time since its receipt,” according to the filing. “Therefore, negative swings in the market price of Ethereum could have a material impact on the company’s earnings and carrying value, while only time a rise in prices will impact…

Formfunction to shutter marketplace amid Solana NFT slump

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Formfunction, a Solana (SOL)-based nonfungible token (NFT) marketplace, has announced its closing up shop after only 13 months of operation amid a slump in Solana NFT prices and trading volumes. On March 15, Formfunction announced it is “shutting down” on March 29 saying it “cannot continue to operate” after “much discussion and careful consideration.” We have some sad news to share today—Formfunction is shutting down on Wednesday, March 29th. This was an extremely difficult decision; however, after much discussion and careful consideration, we’ve come to the conclusion that we cannot…

Art Trading Platform LiveArt Announces NFT Membership Card Linked to Exclusive Drops

The LiveArt X Card integrates Web3 into the art-collecting experience, providing holders with access to its digital art market, free airdrops, exclusive access to LiveArt’s AI-generated artist insights, rewards in the form of their ART token, VIP access to real-world art events and more. The ART token, which powers the LiveArt ecosystem, can be used to buy physical and digital art on the platform. Source

Salesforce Web3 to help brands build trusted and scalable NFT programs

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Salesforce, a customer relationship management software firm announced the limited release of Salesforce Web3 on March 15. The company said it will be a platform that helps companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way. The service will allow brands connect with their customers in a whole new way by integrating their Customer 360 with Web3 data, in order to help brands gain a comprehensive understanding of how customers interact with their brand across traditional and emerging digital environments. According to Salesforce, its Web3 platform…