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...
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 ...
NFT art value amid crypto crash
Friday, July 29, 2022 by Richard Harris
New research has revealed how much money NFT artists can make per month, with the top 35% earning over the U.S minimum wage, the top 20% achieving at least $96,000 per year, and the top 10% earning enough to be in the top 5% income threshold in the United States.
The research, conducted by crypto and blockchain news site Crypto.news, analyzed the last 30 days of glob...
Gala May Mayhem wrapped up
Thursday, June 9, 2022 by Brittany Hainzinger
Gala, and its gaming division, Gala Games, have wrapped up their second annual month-long reward event called May Mayhem. Started in 2021, the event was designed to grow Gala’s user base and to reward as many current players as possible with large prizes in GALA, the official crypto token of the Gala Games Ecosystem.
Even in the midst of the largest drop in the...
Exclusive NFT issued from AMC Theatres and Wax
Thursday, December 9, 2021 by Richard Harris
AMC Theatres has announced that after the favorable public response to a movie-themed NFT offered a week ago exclusively to AMC ticket buyers, AMC will now offer a second NFT to all AMC Investor Connect members, to be delivered by the Worldwide Asset eXchange (WAX). The movie-themed NFT was the first-ever NFT issued in significant quantity by a theatrical exhibitor, and...
