Sotheby’s auction sets new world record for $11.8M CryptoPunk sale
“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Go to Source Powered by WPeMatico
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Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace
One of Africa’s oldest museums, the Uganda National Museum (UNM), is set to create digital representations of the unique artifacts that are on display at this facility. Working in concert with software development firm Murcom, Uganda’s biggest museum is expected to display and auction the digitally represented items on Binance’s non-fungible token (NFT) marketplace. Uganda … Read more
The NFT bubble may have popped, but the sector is still primed for expansion
NFT sales and active wallets fell by more than 40% in the past month but new layer-2 infrastructure is preparing the sector for the next surge. Go to Source Powered by WPeMatico
Floyd Mayweather Gets Booed at Bitcoin Event for Saying ‘Another Crypto Will Be Just as Big as BTC’
The undefeated professional boxer Floyd ‘Money’ Mayweather recently spoke at the Bitcoin 2021 conference in Miami and was booed while speaking on stage. Mayweather’s speech wasn’t appreciated by members of the crowd because he didn’t discuss bitcoin much and toward the end, Mayweather said he believes another crypto will be “just as large as bitcoin … Read more
Study Shows NFT Sales Plummeted 90% Over the Last 30 Days, NFT Wallets Dip 70%
According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims ‘NFT Bubble Has Popped’ Non-fungible … Read more
Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout
Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s aggregate total-value locked (TVL) dropped to a … Read more
NFT sales down 90% since market peak
The sharp decline in NFT sales and wallet activity has some people proclaiming the death of the non-fungible token space. Go to Source Powered by WPeMatico
Pepe the Frog Creator Launches NFTs Featuring the Infamous Internet Meme
The infamous Internet meme “Pepe the Frog” will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However, despite the number of NFT rare Pepes on the web, … Read more
Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour
The digital trees are a smash hit amid a demand drought for NFT projects. Go to Source Powered by WPeMatico
Metaplex NFT marketplace launches on Solana
“NFTs present a real opportunity for artists to create and derive more value than ever before, and we saw an opportunity to solve the existing challenges and barriers to entry that many are currently facing with Metaplex,” said Raj Gokal, COO of Solana Labs. Go to Source Powered by WPeMatico