NFT Sales Plummet 44% Amid Memecoin Frenzy and Crypto Downturn
TL;DR Market Downturn: The NFT market experienced a significant drop in sales volumes, unique sellers, and buyers in Q2 2024, with a 45% decrease from Q1.
NFT (Latest Publications)
NFTs (Non-Fungible Token) are digital art pieces whose ownership is registered on the blockchain.
Almost any artistic production can be tokenized. Images, songs, lyrics, game items, and many others.
NFTs can be bought and sold on the market, and are currently valued in the hundreds or billions of dollars. This represented a major breakthrough for industries such as art, fashion and video games.
Here you will find out all the latest news about NFTs.
Billionaire Mark Cuban’s Crypto Wallet Awakens to Dump NFTs
TL;DR Mark Cuban’s NFT Sales: Cuban sold part of his digital art collection, including a Pudgy Penguin NFT for over $30,000, while still holding around 1,600
Vatican Library Launches Web3 Initiative: Exclusive NFTs for Manuscript Supporters
TL;DR The Vatican Library’s Web3 initiative rewards Italian donors with exclusive NFTs for supporting manuscript collections, offering digital access to curated high-resolution images. NTT Data partners
Bitcoin NFTs Hit Record $4B Sales as Overall NFT Market Declines
TL;DR Despite a 54% drop in the overall NFT market in May, Bitcoin NFTs hit a record $4 billion in sales. They dominated the 30-day sales
OpenSea Celebrates Base Artists with ‘Get Based’ NFT Drops
TL;DR OpenSea launches “Get Based” series on Ethereum L2 Base network with digital artworks. NFTs will be offered weekly and will be free or cost $5
Yuga Labs Halts CryptoPunks Development Amid Community Outcry
TL;DR Development Halt: Yuga Labs will stop developing the CryptoPunks collection after community backlash against the new “Super Punk World” edition. Community Backlash: The new edition by artist Nina Chanel
Manchester City Launches New NFT Collection Linked to Limited-Edition Jerseys
TL;DR Manchester City and OKX will launch a collection of NFTs linked to limited edition jerseys and exclusive matchday experiences. The collaboration is part of the
Runestone NFTs Take a Dive: Floor Price Plummets After Snapshot
TL;DR The Runestone NFT collection has seen a sharp drop of 55% in its value in the last day, now priced at 0.033 BTC (approximately $2,168). This
Dev Shares Tips for Minting RUNES Safely and Profitably
TL;DR Paying High Fees: To ensure that your transaction is processed on time during Runes minting, it is crucial to pay higher fees than other users.
NFT Market Today: Ethereum Dominates with $10M+ in Sales; ERC-404 Pandora Takes the Lead
TL;DR Pandora leads daily sales in the NFT market with US$1.6 million. Ethereum experiences a notable drop in sales. Collections such as Bored Ape Yacht Club
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