Category: NFT

The NFT market recorded $61.5 million in sales volume over the past week, posting a modest 1.52% increase from the previous period. Summary NFT sales hit $61.5M, while buyers surged 121% and sellers rose nearly 99%. Ethereum led blockchains with...

Nike has quietly sold its digital products subsidiary RTFKT, the NFT unit it acquired during the 2021 crypto boom, as the sportswear giant's Converse brand reported a 30% drop in quarterly sales last December. The sale, effective December 16, marks...

Notcoin, in collaboration with Lost Dogs Co and Getgems, is set to revolutionize Web3 gaming with an innovative story-driven game. This partnership aims to transcend traditional tap-to-earn models, offering a rich, interactive gaming experience. The new game invites players to...

The NFT market recorded $74.88 million in sales volume over the past week, plunging 38.25% from the previous period. Summary NFT weekly sales plunged 38% to $74.88M even as market participation rose. Ethereum led NFTs with $46.9M in sales despite...

Meta is preparing to cut roughly 10% of staff from its metaverse-focused division, a move that underscores the company’s accelerating shift toward artificial intelligence. Key Takeaways: Meta plans to cut about 10% of Reality Labs staff as it shifts investment...

In a surprising turn of events, OpenSea, the world’s largest NFT marketplace, finds itself at the center of a brewing storm with the U.S. Securities and Exchange Commission (SEC). The regulatory body has issued a Wells notice to OpenSea, signaling...

PENGU, the Solana-based token tied to the Pudgy Penguins ecosystem, is drawing renewed attention from crypto traders and analysts who argue the asset is undervalued despite a broader cooldown in meme coin speculation. Summary “I don’t see this as an...

Animoca Brands has moved to strengthen its position in digital collectibles after acquiring gaming and collectibles studio Somo, expanding its footprint in Web3-native entertainment. Key Takeaways: Animoca Brands acquired Somo to expand its Web3 collectibles strategy. The deal aligns with...

Magic Eden, a leading NFT marketplace, recently announced the launch of a separate domain exclusively for its U.S. users. This move, aimed at complying with U.S. regulatory requirements, has sparked mixed reactions within the crypto community. The platform revealed on...

Gemini Trust Co., the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, said it will shut down its Nifty Gateway NFT marketplace, marking another retrenchment in the once-booming digital collectibles sector. Summary Gemini said Nifty Gateway helped introduce new creative...