So far, 2023 appears to be a great year for the NFT market as a CryptoPunk was sold for 857 ETH. Interestingly, the iconic collection together with the Bored Ape Yacht Club (BAYC) reported more than $1 million worth of sales in only 24 hours. These promising statistics prove once more that most blockchain industries… Continue reading NFT Market On Recovery Road: CryptoPunk Sells For Nearly $1.5M
Tag: cryptocurrency
Azuki’s Twitter Account Was Hacked And NFTs Stolen
Amidst several NFT scams and phishing attacks, a leading NFT project Azuki fell victim to a Twitter hack resulting in a loss of more than $750,000 worth of USD Coin (USDC). The abrupt attack and the money drain all happened within 30 minutes. This was another grim day for the NFT community, with lots of… Continue reading Azuki’s Twitter Account Was Hacked And NFTs Stolen
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
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?
North Korean Hackers Steal NFTs Using Almost 500 Phishing Domains
Reports indicate that the North Korean hackers developed decoy websites impersonating NFT marketplaces, NFT projects, and a DeFi platform. These hackers linked to North Korea’s Lazarus Group are allegedly behind a huge phishing campaign targeting the non-fungible token (NFT) investors – using almost 500 phishing domains to dupe victims. Blockchain security company SlowMist published a… Continue reading North Korean Hackers Steal NFTs Using Almost 500 Phishing Domains
Major NFTs See Sales Explode But ETH Remains Unchanged Amid Bear Market
Many major nonfungible tokens (NFTs) recorded a surge in sales and transaction volumes on December 11, with at least one gaining more than 1000%. Sales and transactions of major NFTs hit a surge even though the price of Ether remained mostly unaffected. The recent rally in nonfungible tokens comes amid weakening prices of digital assets… Continue reading Major NFTs See Sales Explode But ETH Remains Unchanged Amid Bear Market
Uniswap Confirmed The Launch Of NFT Marketplace Aggregator
As nonfungible tokens (NFTs) gain interest from people from around the world, it becomes majorly challenging for the average crypto user to remain updated with the latest launches and announcements within the space. Based on an announcement on November 30, Uniswap crypto exchange users can now access a variety of trading services for nonfungible tokens… Continue reading Uniswap Confirmed The Launch Of NFT Marketplace Aggregator
MoonPay To Offer ‘Soulbound’ NFT Loyalty Program
By leveraging the program, the company will automatically aim to develop white glove aid for all the people that require assistance in buying nonfungible tokens (NFTs). Since NFTs are on a roll in the blockchain space nowadays, most firms can be seen jumping on the NFT bandwagon and offering virtual collectibles as products. Crypto payments… Continue reading MoonPay To Offer ‘Soulbound’ NFT Loyalty Program
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