Nonfungible tokens (NFTs) felt like all the rage in 2021. Celebrities like Reese Witherspoon and Snoop Dogg came in sporting 6-figure JPEGs as their profile pictures. In the meantime, Beeple’s “Everydays: The First 5,000 Days” NFT sold for over $69 million at Sotheby’s auction house. Additionally, the NBA and Dolce & Gabbana dived into the… Continue reading What Is The Future Of NFTs?
Tag: Bored Ape Yacht Club (BAYC)
Yuga Labs Filed Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT
The Bored Ape Yacht Club and Ryder Ripps NFT feud continue as Yuga Labs filed a humongous lawsuit against him. A recent documentary that accused BAYC of having an underlying racist agenda split the entire NFT sector. But now, the BAYC community appears to be fighting back. Here is what transpired between the RRBAYC and… Continue reading Yuga Labs Filed Lawsuit Against Ryder Ripps Bored Apes (RRBAYC) NFT
Mushe Joins ApeCoin As The Best NFTs On Ethereum Blockchain
Mushe has also followed the same footprints by Apecoin launching its XMU token and NFT collection targeting the high-end market. The non-fungible token (NFTs) space intertwines with Layer-1 blockchain protocols, such as Ethereum, Solana, and Avalanche, among other protocols. ApeCoin (APE), a non-fungible token (NFT) project associated with the popular Bored Ape Yacht Club, is… Continue reading Mushe Joins ApeCoin As The Best NFTs On Ethereum Blockchain
Bored Ape Yacht Club (BAYC) Loses $357K In An NFT Phishing Attack
Hackers appear relentless in targeting the decentralized finance (DeFi) space, with perpetrators now accelerating attacks on the NFT sector. Bored Ape Yacht Club now becomes that latest NFT protocol to face the wrath of criminals on Ethereum chains. On June 6, 2022, hackers exploited the vulnerability existing in manager accounts of Bored Ape Yacht Club‘s… Continue reading Bored Ape Yacht Club (BAYC) Loses $357K In An NFT Phishing Attack
‘Blue-Chips’ Halve In Value, Free-To-Mint Goblintown NFT Volume Grows
Data collected on the most well recognized nonfungible token (NFT) projects show that critical metrics have dropped with floor prices and market capitalization in the past month. “Blue-chip” nonfungible token (NFT) collections have now seen their floor prices and market capitalization slide over the last 30 days, with some of the well-recognized projects halving in… Continue reading ‘Blue-Chips’ Halve In Value, Free-To-Mint Goblintown NFT Volume Grows
NFT Prices Drop Steeply, As Crypto Bear Market Continues To Thrive
The latest market data analysis confirmed that the non-fungible token (NFT) market volume has sharply plummeted in the last seven days, with the bearish crypto market continuing to gain momentum. Notably, the recent market crash appeared after United States Federal Reserve raised interest rates for crypto transactions and the collapse of LUNA and its UST-based… Continue reading NFT Prices Drop Steeply, As Crypto Bear Market Continues To Thrive
Yuga Labs Makes Over $300M From NFTs Despite High ETH Gas Fees
The latest market analysis confirmed that Yuga Labs, the creator of the popular non-fungible token community Bored Ape Yacht Club, has made more than $300 million in sales of its NFTs project in Otherside Metaverse. On May 1, 2022, Yuga Labs successfully launched a flash sale of its “Otherdeed” non-fungible tokens (NFTs) that represents digital… Continue reading Yuga Labs Makes Over $300M From NFTs Despite High ETH Gas Fees
OpenSea Surges In Trade Volume, Signaling The Return Of NFT Bull Market
The latest market analysis confirmed that although crypto prices are volatile sometimes point downwards, blue-chip NFT projects continued to flourish in sales in the past week. In that context, trading volume on OpenSea surged above $1.3 billion. This remarkable performance signifies the return of the NFT bull market. Notably, in the last two months, OpenSea,… Continue reading OpenSea Surges In Trade Volume, Signaling The Return Of NFT Bull Market
ApeCoin Is The “Go-to Token” In The Metaverse – ApeDAO
ApeCoin seems to be taking the NFT world by storm. After massively exploding into more mainstream last year, the rapidly evolving non-fungible tokens seem to be continuing with their upside momentum in 2022. NFT projects are integrating culture, gaming, and commerce in new ways. This move makes ApeCoin owners believe that its native coin will… Continue reading ApeCoin Is The “Go-to Token” In The Metaverse – ApeDAO
NFT Bubble Seems To Get The Shrinking Feeling
The NFT bubble is not popping, but it seems to have sprung a leak. Visitors take photos in front of historic sites and other places that interest them. In one case, Chinese contemporary artist Yang Yongliang took a photo in front of a video installation “Glows in the Night” which was converted into NFTs and… Continue reading NFT Bubble Seems To Get The Shrinking Feeling