Amazon has officially entered web3 with an NFT Marketplace scheduled to launch in April 2023. The leading global e-commerce platform is preparing to enlist 15 collections to debut its digital marketplace. Sources indicate that the platform will go live by the end of April (around the 24th). Will this new marketplace startle digital giants like… Continue reading Amazon To Unleash First 15 NFT Collections On Digital Marketplace
Tag: crypto winter
Fanatics Offloads 60% Of Its Stake In NFT Company Candy Digital: Why?
Fanatics, a top sports merchandise brand, announced on January 5 that it is divesting its 60% stake in its nonfungible token (NFT) firm – Candy Digital. This radical decision comes through owing to the downturn of the sector in the bear market. The Michael Rubin-led firm held the most stake in the sports NFT platform.… Continue reading Fanatics Offloads 60% Of Its Stake In NFT Company Candy Digital: Why?
Interest In NFTs Is Surging Again. Could They Explode Again In 2023?
2022 has proven to be a tumultuous year for nonfungible tokens (NFTs), with speculations of the NFT bubble bursting amid the persistent crypto winter. Q3 2022 saw only $3.4 billion in sales compared to $8.4 billion in Q2. In December, the numbers plunged further. Over the year, investor interest and media coverage also plunged. Nonetheless,… Continue reading Interest In NFTs Is Surging Again. Could They Explode Again In 2023?
Industry Shows Confidence In The NFT Sector Amid The FTX Saga
NFT artist Johnathan Schultz thinks that the era of nonfungible tokens (NFTs) without utility is diminishing, and to survive, it needs to outgrow the “memeification” of things. Even before the FTX saga, NFT collections have already felt the effect of the crypto winter, with trading volumes going down by 98%. With the FTX saga still… Continue reading Industry Shows Confidence In The NFT Sector Amid The FTX Saga
FMEX Football Metaverse NFTs With Borrusia Dortmund Now Minting
World Cup 2022 is coming up in 8 days, and we are sure that you are excited as everyone else is for the special event. In recent years, the pandemic hit the world quite hard and the 2022 World Cup is expected to bring back joy and festive spirit in everybody. To celebrate World Cup… Continue reading FMEX Football Metaverse NFTs With Borrusia Dortmund Now Minting
OpenSea NFT Marketplace Laid Off 20% Of Its Staff
OpenSea, the biggest non-fungible token (NFT) marketplace in the digital currency space, has announced that it has now parted ways with around 20% of its staff, becoming the latest crypto company to lay off workers. While the total number of the affected employees was not revealed, OpenSea supposedly confirmed to reporters that it has as… Continue reading OpenSea NFT Marketplace Laid Off 20% Of Its Staff
Crypto Winter Impacts Digital Asset Firms Offering Sports Sponsorship Except For NFT
NFT appears ready to hold up the rest of the crypto market during the current downtrend. However, experts are not sure how long that will last in the coming days in case the crypto winter persists. The crypto market downtrend continues escalating, making it difficult for digital assets firms to sign any new or renew… Continue reading Crypto Winter Impacts Digital Asset Firms Offering Sports Sponsorship Except For NFT