Recur is an NFT startup renowned for hosting the intellectual property (IP) of many big brands including Nickelodeon and Hello Kitty. Unfortunately, Recur announced on August 18, 2023, that its Web3 platform is shutting down. This decision comes despite a $50 million Series A funding round and a respectable valuation of $333 million. While announcing… Continue reading Recur’s Shutdown Highlights The Challenges Affecting The NFT Market
Tag: NFT market
NFTs In Food And Beverage Market Increase Appetite
The thriving global food & beverage NFT market is expected to record extensive growth in the coming years. This sector is expected to grow into a $2.1 billion industry by 2032 according to a report. The massive growth trajectory is mainly supported by the adoption of blockchain technology and the intensive demand for traceability and… Continue reading NFTs In Food And Beverage Market Increase Appetite
Bitcoin NFT Ordinals Cover Ground Against Ethereum
The competition between Ethereum and Bitcoin appears to be heating up in the nonfungible token (NFT) industry, as Bitcoin’s native NFTs, called Ordinals, are expected to exceed Ethereum in terms of active buyer participation and sales growth. Since they were launched in April 2023, Ordinals seem to have been gaining considerable traction within the Bitcoin… Continue reading Bitcoin NFT Ordinals Cover Ground Against Ethereum
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
AliExpress Introduces NFT Sales In Conjunction With Moment3
AliExpress partners with The Moment3 for NFT sales, investing in the Web3 space. Explore their partnership in the expanding NFT market. The global e-commerce platform, AliExpress, is a subsidiary of Alibaba Group. It has announced a partnership with The Moment3 for the sale of 5,555 nonfungible tokens. This Strategic partnership marks AliExpress’ growth into the… Continue reading AliExpress Introduces NFT Sales In Conjunction With Moment3
Binance Increases Support To Bitcoin NFTs On Its Marketplace
Binance is one of the biggest crypto exchanges in the world. The exchange confirmed its support for Bitcoin NFTs. The decision has come at a time of massive turmoil in the crypto sector, proving Binance’s commitment to adopting the budding NFT industry. Binance Joins The Bitcoin NFTs Market The launch of Bitcoin NFTs on Binance’s… Continue reading Binance Increases Support To Bitcoin NFTs On Its Marketplace
Decentraland Unleashed Upgraded Marketplace Navigation
Decentraland has recently confirmed an upgrade to its marketplace. This move strives to offer users a better trading experience. Considerably, Decentraland’s upgrade will boost navigation and enhance discoverability across the primary and secondary markets. Decentraland is a leading metaverse and it has introduced some major updates to its nonfungible token (NFT) marketplace. The latest updates… Continue reading Decentraland Unleashed Upgraded Marketplace Navigation
Blur Takes 82% Of NFT Lending Market, DappRadar Report Shows
Blur has quickly emerged as the dominant player in the NFT lending arena, capturing a staggering 82% of the lending volume since its launch in April 2023. The controversial nonfungible token exchange’s foray into lending services has sparked curiosity about the factors fueling its success. What sets Blur’s NFT lending program apart from the competition?… Continue reading Blur Takes 82% Of NFT Lending Market, DappRadar Report Shows
Pudgy Penguins NFT Toys Are Popular Now Selling Over $500K In 2 Days
The NFT market seems to be heating up despite the general cool-off in the crypto space. In a surprising yet interesting turn of events, Pudgy Penguin’s latest venture into the physical toys world has exploded and taken the Amazon marketplace by storm. The launch of the Pudgy Penguins NFT-inspired toys sparked lots of interest and… Continue reading Pudgy Penguins NFT Toys Are Popular Now Selling Over $500K In 2 Days