NFT marketplace SuperRare sees 3rd year of decline
Tuesday, August 20, 2024 by Richard Harris
The global NFT market is facing another bumpy year, with the total number of active wallets and NFT sales value recorded on the Ethereum, Ronin, and Flow blockchains sinking to the lowest level since early 2021. Collectors are spending less and less money on digital artwork, and this negative trend is reflected by their monthly visits to one of the top NFT marketplaces,...
NFT activity continues to decline
Thursday, June 13, 2024 by Richard Harris
The last two years have been rough for the NFT market, and 2024 doesn't look much better. With falling sales and investors losing appetite for digital artwork, market projections became less optimistic, showing only a modest 2.6% annual growth by 2028, twenty times less than this year. Moreover, the entire market faces a substantial user drop, showing that global in...
NFT momentum continues downward per AltIndex
Wednesday, March 27, 2024 by Richard Harris
Ever since reaching a peak in September 2021, global NFT sales have been consistently falling as collectors spend less and less money on digital artwork. Although revenues of NFT marketplaces are still expected to see double-digit growth, rising by 41% year-over-year to $2.37 billion in 2024, the market is losing its momentum, and this trend is set to continue in the fo...
Tom Brady NFT sale sparks warning to consumers from experts
Wednesday, February 28, 2024 by Freeman Lightner
An expert has warned those considering purchasing an NFT off the back of the Tom Brady $40.7k sale, as NFT marketplaces saw $38 million stolen by scammers last year.
The findings, pulled together by Smart Betting Guide, analyzed a database recording crypto scams and exploits to identify the most vulnerable platforms and blockchains over the last year - with NFT marke...
NFTs sales hit all time low for 2023
Thursday, November 9, 2023 by Richard Harris
Monthly sales for Ethereum (ETH) and Polygon (MATIC) NFTs on OpenSea have fallen consecutively in the past few months.
NuggetRush (NUGX) prepares to launch a highly anticipated play-to-earn mining game that will allow swapping of NFTs for real gold.
Despite recent market bullishness, NFT sales have declined further in the past few weeks. Ethereum and Polygon ...
Crypto price crash wipes off billions of dollars in digital assets
Monday, November 28, 2022 by Freeman Lightner
The recent crypto price crash has wiped off billions of dollars in value of all digital assets, and non-fungible tokens are no exception. Over the past six months, the price of both NFT collections and NFT coins plunged, causing many NFT buyers to vanish from marketplaces. Still, the revenues of NFT marketplaces continued rising.
According to data presented by Crypto...
Iconic Moments NFT marketplace chat with Chris Cummings
Monday, July 4, 2022 by Richard Harris
Chris Cummings is the founder & CEO of Iconic Moments, the NFT marketplace for the museum industry. Prior to founding Iconic Moments, Chris founded Pass It Down, an award-winning digital exhibit design platform transforming how museums and cultural institutions engage their visitors. Chris discusses what the Iconic Moments NFT marketplace is, the benefits and v...
Search 3 NFT search engine lands
Thursday, June 9, 2022 by Freeman Lightner
HUMBL, Inc. has announced the launch of Search 3, a new cross-chain search engine designed to help users explore Web 3, a decentralized version of the world wide web, built on blockchain.
"The common complaints about Web 3 are that it is hard to find and the consumer tools are too complex. With Search 3, we have provided a simplified front door to Web 3, along w...
NFT marketplace revenues
Thursday, June 2, 2022 by Richard Harris
While the world grappled with the downsides of the COVID-19 pandemic, the crypto space registered unprecedented booms, non-fungible tokens (NFTs) in particular registered a meteoric rise in their adoption in 2021. That said, available data points to NFTs continuing to contribute a small percentage of the crypto sector’s revenues.
CryptoMonday.de has been analyz...
$37B sent to NFT marketplaces in 2022 so far
Friday, May 27, 2022 by Richard Harris
The non-fungible token (NFT) market is a tumultuous one. At one time, it is peaking and breaking all kinds of records; at the other, it's either stagnating or falling. 2022 hasn't been any exception. January kept pace with 2021's growths that would dip in February only to start rising again in mid-April.
According to CryptoMonday.de, collec...
NFT marketplace launches from RMDS Lab
Wednesday, April 27, 2022 by Richard Harris
NFTs have taken the world by storm over the past two years. The word NFT was even selected as Collins Dictionary's word of the year in 2021; however, when we think of NFTs today, we mostly think about digital art, such as collections like Bored Ape Yacht Club and Crypto Punks. These collections' rapid growth was ...
Immersive AR and VR experiences from NextNav
Tuesday, March 1, 2022 by Brittany Hainzinger
NextNav announced they have partnered with echo3D. Through this partnership, NextNav’s vertical location service, Pinnacle, will provide echo3D developers with the crucial 3D location data needed to build immersive AR and VR content built on top of the physical world.
Over 16,000 developers rely on the echo3D platform for the tools and infra...
Cryptocurrency market report from HyperLinq
Wednesday, February 9, 2022 by Freeman Lightner
2021 will be remembered as the year cryptocurrencies went mainstream with major companies, celebrities, and even nations getting onboard. What’s on the horizon for the coming year?
Cryptocurrency trading platform HyperLinq published its annual Cryptocurrency 2021 Market Overview in conjunction with Benzinga, FTX Cryptocurrency Derivatives Exchange, and Bybit.
...
Mint NFTs on Ripple and get funded
Wednesday, September 29, 2021 by Richard Harris
Ripple, the provider of enterprise blockchain, has announced a $250 million fund to provide creators with the financial, creative, and technical support needed to explore and craft premium non-fungible tokens (NFT) and other tokenization projects on the XRP Ledger.
Mint NFTs on Ripple XRP Ledger
The heightened interest and boom in NFTs globally has introduced...
