Most NFT Collections Experience Bearish Period as Interest in NFTs Declines
According to data from IntoTheBlock, only three out of the top 10 most valuable NFT collections by market capitalization are currently up in price in Ethereum over the past month. CRYPTOPUNKS, Azuki, and Autoglyphs are the three collections that have seen gains, while the vast majority of NFT collections are experiencing a bearish period.
Market Byte: Can Ordinals Unlock New Potential for Bitcoin?
Although ordinals are a recent development, they have already amassed over one million inscriptions within a mere four months, even during a bear market.
Bored Ape Creator Yuga Labs Dominates NFT Sales With 35% Share
Yuga Labs, the creator of the Bored Ape Yacht Club dominate the NFT market—and accounts for a nearly 35% share of all NFT trading volume over the last six months, according to a new report by DappRadar.
Tokenization of Real Estate Assets: How Technology is Revolutionizing Property Investment
Real estate tokenization is a relatively new concept that involves the conversion of real estate assets into digital tokens that can be bought, sold, and traded on a blockchain-based platform.
Top NFT Creation Services: Get Started Creating Your Own NFT Today
NFTs, or non-fungible tokens, have exploded in popularity in recent years. These digital assets allow creators to monetize their work in new and exciting ways and have even been used to sell high-priced digital art and other one-of-a-kind items.
FTX Takes Control of NFTs Worth Over $4M
Bankrupt crypto exchange FTX now controls several blue-chip non-fungible tokens (NFTs), including Bored Ape, Azuki, Otherdeed, and Mutant Ape. FTX bought most of these NFTs in 2021 while working on its NFT marketplace, purchasing 101 Bored Apes from Sotheby’s for $24.4 million. With FTX's bankruptcy experts consolidating all the NFTs into one wallet, there is speculation that the next step might be liquidating the assets, but any liquidation might hurt the floor price of these collections, which have already slipped significantly. The exchange's management has also continued consolidating the bankrupt firm's assets, including agreeing to sell LedgerX for $50 million and exploring the sale of its European business.
The Role of NFTs in Revolutionizing the Real Estate Industry
As the real estate industry sets its sights on a digital transformation journey, the incorporation of NFTs has emerged as a promising solution to streamline operations and bolster security against fraudulent activities.
NFT Markets Are Out of Balance With Sellers Dominating
Throughout April, the nonfungible token (NFT) market has consistently had more sellers than buyers, with not a single day where the number of buyers outnumbered the number of sellers. On April 26, there were only 7,907 buyers and 8,641 sellers, indicating a potential lack of demand. The market experienced a decline on March 12 after the collapse of Silicon Valley Bank (SVB), which caused fear in traders. Before the SVB collapse, NFT trading volumes were hovering between $68 million to $74 million on March 10; however, on March 12, they fell to $36 million, accompanied by a 27.9% drop in daily NFT sales count between March 9 and March 11. The top six NFT marketplaces saw a rise in wash trading in February for the fourth month straight, with a total volume of $580 million, attributed to the overall recovery of the NFT marketplace.
Web3 Culture Is 'Not Dead' But as Strong as Ever, Say Deadfellaz Co-founder
"I've seen a lot of narratives online saying that the culture is dead," NFT project Deadfellaz co-founder Betty said. "And people have been saying that since I started. It's not dead. The underlying ethos and the underlying desire to disrupt and to build something new and to challenge systems have been around forever."
Art Blocks Co-Founder Erick Calderon Uses Free Market Ideals to Defend NFT Royalties
Erick Calderon, the co-founder of Art Blocks, tried to turn down the heat on the battle around non-fungible token (NFT) creator royalties at CoinDesk’s Consensus Festival. He made his own opinion on the matter clear, however: according to Calderon, royalties “let the creator keep creating.”
