NFT prices are continuing to rise, with November 6, 2023, marking their highest volume day in the last three months. One episode of The Simpsons prominently featured NFTs and sent an excitement wave through the market, powering the movement of derivative projects. CryptoPunks are holding over $90,000, potentially inspired by the news that BAYC co-founder… Continue reading NFT Markets Awaken Amid Economic Downturn
Tag: BAYC
NFT Market Drops: Bored Ape Yacht Club Touches 2-Year Lows
The nonfungible token (NFT) market has been encountering a massive downturn, with prices of popular NFT collections dropping. One renowned collection, the Bored Ape Yacht Club (BAYC) has recorded a steep drop, reaching a two-year low. The recent crash in NFT prices proves that the winter season in the digital assets space is not yet… Continue reading NFT Market Drops: Bored Ape Yacht Club Touches 2-Year Lows
Legal Dispute Hits Bored Ape NFT Market
The NFT market is evolving rapidly and with it, the legal landscape around the sector is changing constantly. Witness the NFT market’s change as a legal dispute hits the Bored Ape community. The price of Bored Ape Yacht Club (BAYC) NFTs has experienced considerable volatility after a series of transactions by Jeffrey Huang, also called… Continue reading Legal Dispute Hits Bored Ape NFT Market
Sotheby’s Metaverse Introduces Innovative On-Chain NFT Marketplace
Sotheby’s has been dominating the NFT auction space in recent years. In that context, the 275-year-old auction house has launched its secondary NFT marketplace within its metaverse. This platform is a home for fine art nonfungible tokens (NFTs). It marks the firm’s additional expansion into the digital asset space. This development has now set Sotheby’s… Continue reading Sotheby’s Metaverse Introduces Innovative On-Chain NFT Marketplace
NFT Sales Increased In The First Week Of January
January 2023 mini NFT Bull Run seems to have been confirmed, at least according to the sales story. As the market starts to recover from a severe 2022 second half, the 7-day volume of NFT sales in the first week of 2023 showed an uptick of 26%. The NFT sales volume for the past week… Continue reading NFT Sales Increased In The First Week Of January
Adidas Originals Unveils ‘Virtual Gear’ NFT Wearables
Adidas Originals has confirmed the release of its latest nonfungible token (NFT) offering – virtual wearables. The brand refers to the new product as “Virtual Gear” – an interoperable NFT fashion experience. This launch is a leap forward for the brand with the three stripes as it expands its web3 community and metaverse strategy. Adidas… Continue reading Adidas Originals Unveils ‘Virtual Gear’ NFT Wearables
ApeCoin Price Surged Amid NFT Proposals Voting
Analysts believe that ApeCoin has formed a symmetric triangle pattern that normally shows a breakout on either side of the market. Apecoin put up an interesting show on September 17-18 after gaining almost 17% within 24 hours. Nonetheless, the early Monday’s trading hours saw a pullback with the asset losing over 5% of its value… Continue reading ApeCoin Price Surged Amid NFT Proposals Voting
BAYC: Real World Yachting Utility Meets Web3
Bored Ape Yacht Club (BAYC) member #634, John Blackeye, is unveiling an NFT collection with real-life yachting utility. Apart from being an NFT collection, the project strives to evolve into a global, decentralized yacht club. John Blackeye is throwing IRL Yacht evens. And you can be a part of it. The yachting project is ushering… Continue reading BAYC: Real World Yachting Utility Meets Web3
Bearish Sentiment Pressures Ethereum NFTs As Transactions Plunge Below 1 Million
Against most of the popular beliefs that the transition to proof-of-stake will assist in reviving all the metrics of the Ethereum ecosystem, a majority of its metrics remain significantly down. Recently, interest in Ethereum non-fungible tokens (NFTs) seems to be plummeting. That is despite the continued dominance of Ethereum NFTs in the digital art sector.… Continue reading Bearish Sentiment Pressures Ethereum NFTs As Transactions Plunge Below 1 Million
Over $100M Worth Of NFTs Stolen Since 2021 – Elliptic
Crypto risk management company Elliptic has released a report which indicates that the scammers stole at least $100 million worth of nonfungible tokens (NFTs), starting in 2021. In its NFTs and Financial Crime report released on August 24, 2022, Elliptic stated that crypto users had been the victim of nearly $100.6 million worth of scams… Continue reading Over $100M Worth Of NFTs Stolen Since 2021 – Elliptic