Tag: NFT

NFT sales topped 101 million in 2022: DappRadar report

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Over the last year, nonfungible tokens (NFTs) continued to play an important role in the growing Web3 industry. NFTs initiated a shift away from hype-based drops, to utility-centric projects with long-term value. A new DappRadar report on blockchain and decentralized application (DApp) adoption in 2022 revealed that the NFT sale count last year reached 101 million. This is a 67.57% increase from the previous year. According to the report, the Ethereum ecosystem holds the top spot in the NFT ecosystem, holding 21% of the market share and over 21.2 million transactions…

Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more

Trump NFTs daily sales surge by 800% Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has witnessed a massive resurgence in daily sales volume in recent days. Compared to Jan. 17 sales volumes, Jan 18. and Jan. 19 saw spikes of 800% and 600% respectively, according to market metrics aggregator Cryptoslam. Some pundits believe the renewed interest could be due to his imminent return to social media networks, following reports that the former president was seeking to rejoin Facebook and Twitter ahead of the 2024 presidential…

NFT Marketplace Blur Delays Native Token Launch

The platform, which has positioned itself as the NFT marketplace for “pro traders” since its launch in October, gained traction among seasoned JPEG slingers for its zero trading fees, marketplace “floor sweeping,” reveal sniping and advanced analytics. It is also backed by a number of industry heavy-hitters, including venture-capital giant Paradigm, NFT-native investment fund 6529, digital art collector Cozomo Medici and others. Source

Sports NFT Firm Candy Digital Raised Over $38M Amid Founder Strife

According to the filing, Candy Digital had raised $38,449,997 from 14 investors in an equity offering, more than half of the $68,188,480 overall that the company is seeking to raise in the sale. The offering opened on Jan. 3 – the day before CNBC reported that Fanatics was selling its stake to a group led by well-known financier Michael Novogratz’s Galaxy Digital. Source

Feature Film Mints Every Frame into a Non-Fungible Token (NFT) – Blockchain News, Opinion, TV and Jobs

The Rideshare Killer a horror/thriller feature film that explores some of the potential risks of using ridesharing services, has just become the first “every frame minted” (EFM) film. The producers minted all 119,170 frames of the feature film into individual 1-of-1 NFTs on the Polygon Blockchain. With nearly 120,000 individual NFTs minted, The Rideshare Killer offers horror fans a unique way of supporting the film, owning a unique collectible that could possibly appreciate in value, and being a part of the film’s legacy. As the NFT space matures, more films…

Binance tightens rules on NFT listings

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According to a Jan. 19 announcement by Binance, the cryptocurrency exchange has tightened its rules for nonfungible tokens, or NFT, listings. Starting Feb. 02, 2023, all NFTs listed on Binance before Oct. 2, 2022, and have an average daily trading volume lower than $1,000 between Nov. 1, 2022, and Jan. 31, 2023, will be delisted. In addition, after Jan. 21, 2023, NFT artists can only mint up to five digital collectibles per day.  Binance NFT requires sellers to complete know-your-customer (KYC) verification and have at least two followers before listing on…

Yuga Labs’ Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours

Yuga Labs co-founder Wylie Aronow, aka Gordon Goner, has been outspoken about protecting creator royalties, noting in November that the company was looking into using allowlists coded into smart contracts to determine which wallet addresses could transfer NFTs. He noted that externally owned accounts, or EOAs, are a type of crypto wallet not used by marketplaces, making it easier to differentiate trades between private users and marketplaces. Source

NFT Collection NimTeens Explores Just How Fast the NFT Space Moves

“The Web3 and NFT space has changed dramatically in the two years since we released NimBuds,” said Brinkman. “Art Blocks has grown into one of the most respected and profitable projects in the ecosystem, generative characters took off and became the most notable style of the space, and generative art has become appreciated in auction houses and museums.” Source

Price drops on ‘Cryptohouse’ with NFT decor, mint your personality as an NFT and more

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Waning interest in a North Hollywood crypto-themed home A crypto-friendly house in North Hollywood, Los Angeles, is seemingly struggling to sell, as the property has seen its price reduce three times in a little over four months. The so-called “Cryptohouse,” as stated on the glowing neon sign in its kitchen, was listed for sale at $1.2 million in October last year. As of Jan. 5, though, it is now fetching an asking price of $949,000. The impressive custom neon sign never lets you forget just where you are. Image: Zillow…