Tag: NFT

Crypto Exchange Coinbase Lists New Ethereum-Based NFT Marketplace Altcoin

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Top US crypto exchange Coinbase has rolled out support for a brand-new, Ethereum (ETH)-based non-fungible token (NFT) marketplace project. Blur (BLUR) went live on the exchange on Tuesday, the same day as the new token’s airdrop. Blur launched its NFT marketplace four months ago and has processed over $1.4 billion in gross merchandise volume. Users who traded NFTs on Blur or created collections that traded on the exchange have 60 days to claim their BLUR tokens from the airdrop, according to the project’s Twitter account. BLUR is trading around $0.82…

NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours – Markets and Prices Bitcoin News

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The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than 85% against the U.S. dollar. BLUR Token Launch Records an 85% Drop on Its First Day of Trading On Tuesday, Feb. 14, 2023, which is Valentine’s Day, the NFT marketplace Blur announced the launch of its token and airdrop. Blur gave away “care packages”…

NFT marketplace tokens soar in 2023, and Blur’s recent airdrop may extend the trend

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Cumulative nonfungible token (NFT) trading volume trended higher in January, and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion. The key factor that influenced NFT trading was the Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 pm ET. Many users have tried to farm these airdrops, increasing the platform’s trading volume. Since the start of 2023, Blur’s…

What is NFT ticketing and how does it work?

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NFT ticketing is revolutionizing event ticketing by providing a secure, transparent and efficient way of issuing and managing tickets. Nonfungible tokens (NFTs) are significantly harder to forge or duplicate than conventional tickets since they are stored on a blockchain. This lowers the risk of fraud and fake tickets by allowing event organizers to determine that only authentic tickets are used to enter an event. NFT ticketing also enables greater customization and adaptability in terms of ticketing. For instance, event planners may issue NFTs for various event sections, such as VIP…

Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions

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Bitcoin (BTC) miners have earned nearly $600,000 in two months from a new controversial NFT protocol called Ordinals that has triggered a surge in user activity. What are Bitcoin Ordinals?  Ordinals allow users to inscribe data in the form of images and other media types in newly mined blocks on the Bitcoin blockchain that’s otherwise largely used for peer-to-peer monetary transactions.  Fee spent on inscribing Ordinal NFTs on the Bitcoin blockchain. Source: Dune Analytics Since the launch of Ordinals in mid-December, however, users have inscribed nearly 74,000 NFTs into the Bitcoin…

ApeCoin leads in NFT and Metaverse market share, but are APE’s hefty staking rewards sustainable?

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In January, ApeCoin (APE) had an underwhelming performance compared to metaverse-based tokens like Decentraland (MANA) and The Sandbox (SAND). APE token gained 61% compared to the 90% and 150% respective gains seen in SAND and MANA. The subdued gains can be attributed to the hefty APE staking rewards that is likely creating some selling pressure. An upcoming unlock of around 9% of APE’s circulating supply in March 2023, along with not-so-impressive fundamentals, will add further headwinds for the token. The gains in APE will depend on the success of the…