Tag: NFT
Web3 Gunman Mints’ First-Ever “Mongrel NFT” Collection
A total of 1,750 free-to-mint NFTs were provided, and more than 1,000 Mongrel NFTs were obtained using OpenSea guaranteed places. Later in 2024, Shutdown plans to issue its $FUSE coin….
When STR8FIRE Genesis NFTs Launch, They Sell Out in Moments
STR8FIRE’s total trading volume reached 8.17 ETH in the first day of trading, paving the way for the token’s upcoming launch on centralized exchanges. By employing Epic’s Unreal Engine and…
NFT Workx Releases Real-World Asset Tokening App
The most recent version of the program allows customers to turn physical goods into digital assets stored on the blockchain. Asset Workx App: What is it? The Asset Workx App…
Amidst fresh collection reaction, Yuga Labs will ‘no longer touch’ CryptoPunks
A new NFT collection with a punk motif that Yuga Labs created in partnership with artist Nina Chanel Abney sparked criticism, as it was perceived as “diluting” the original CryptoPunks…
One million plush units have been sold in less than a year, according to Pudgy Penguins
In a video uploaded on X, Pudgy Penguins, one of the top ten NFT collections by volume traded, revealed that it had sold more than a million plush toys through…
Ethereum Layer-2 Network with AI Integration is Launched by Ethernity
The objective of this development is to tackle the obstacles that large businesses encounter while implementing blockchain technology. The new Layer-2 Ethernity Chain system will simplify user interfaces, improve privacy,…
As the cryptocurrency market declines, Azuki NFT sales soar to all-time highs
Azuki, an Ethereum-based cryptocurrency, reached unprecedented heights in the non-fungible token (NFT) market as the cryptocurrency market saw severe downturns, with Bitcoin (BTC) falling to its lowest level since February….
Yuga Labs focuses on a smaller crypto-native staff by restructuring the organization and eliminating jobs
Due to internal restructuring, the web3 behemoth Yuga Labs had to let go of several team members on Friday. Greg Solano, a co-founder of Yuga Labs and the company’s new…
Futabasha Collaborates with SBINFT for Exclusive NFT Giveaway
The collaboration between Futabasha, a renowned manga publisher, and SBINFT, a leading Web3 platform, highlights the growing trend of mainstream companies embracing NFTs as a marketing tool. By leveraging blockchain…
The sixth-most expensive item ever, CryptoPunk, is sold for 4,000 ETH ($12.41 million)
On Thursday, the sixth-most costly CryptoPunk NFT sale took place. According to the CryptoPunks sales page, CryptoPunk #635 sold for 4,000 ETH, or $12.41 million, on April 25. The seller…
As Magic Eden soared last month, Blur continued to be the leading NFT marketplace in Q1
With $1.5 billion in NFT trading volume in the first quarter of this year, Blur continued to be the top non-fungible token marketplace. Nonetheless, Magic Eden increased its market share…
PayPal eliminates the safeguards for NFT buyers and sellers
According to the company’s little-noticed terms-of-service modification, PayPal is discreetly withdrawing the purchasing and selling safeguards for non-fungible token-related (NFT) transactions, partially reversing its prior position. NFT purchases will no…
Magic Eden Embraces Bitcoin Runes Following Ordinals Success
Magic Eden, a cross-chain NFT marketplace, has announced its support for the upcoming Runes fungible token standard on the Bitcoin network. This move comes after the platform’s recent success with…
Nifty Island Launches Speedrun Challenge: Earn NFTs with Creativity and Speed
Nifty Island, a blockchain game on the Ethereum network focusing on user-generated content, has announced an exciting two-part speedrunning challenge centered around its new play mode, “Break the Targets.” In…
Revolutionizing Ticketing: IRCTC Introduces NFTs for Holi Festival Trains
In a groundbreaking move, the Indian Railway Catering and Tourism Corporation (IRCTC) is revolutionizing the ticketing experience for the vibrant Holi festival trains by introducing nonfungible tokens (NFTs). This innovative…
Starbucks Discontinues Odyssey NFT Program: Exploring the Evolving Landscape of Brand Loyalty
In a recent update, Starbucks has announced the discontinuation of its Odyssey NFT program, which was in the beta phase, citing the need to prepare for future developments as the…
Ethereum NFT Market Surges: Weekly Trading Volume Reaches $158 Million
In a notable development, Ethereum’s non-fungible token (NFT) market has experienced a remarkable resurgence, achieving the highest weekly trading volume since February 2023. Recent data from CryptoSlam reveals a substantial…
Elon Musk’s X Discontinues NFT Profile Pictures, Shifting Away from Ethereum Integration
Elon Musk’s social media platform, X (formerly Twitter), has decided to discontinue a feature that allowed premium users to showcase non-fungible token (NFT) images as their profile pictures. Introduced two…
China Forges Ahead in Web3 Development: Boosting NFTs and Decentralized Apps Despite Crypto Trading Ban
In a noteworthy move, China’s Ministry of Industry and Information Technology has pledged to enhance the development of non-fungible tokens (NFTs) and decentralized applications (DApps), underscoring its commitment to blockchain…
OKX NFT Marketplace Trading Volume Exceeds $50 Million daily due to Ordinals Surge
OKX’s NFT has surpassed prominent competitors including Blur, Magic Eden, and OpenSea, boasting an astounding daily trading volume of more than $50 million. This milestone, which was recorded on December…