NFTs Endure One of Their Weakest Years Since 2020 in Trading and Sales
The non-fungible token (NFT) market appears to have lost out on significant gains in the past year despite a broader rally in the digital asset industry. In fact, the NFT…
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2024 NFT Revenue Tops Last Year’s $8B Mark
The broader non-fungible token (NFT) market has defied expectations after it surpassed last year’s revenue milestone. Data collected by CryptoSlam shows that with less than a week left before 2024…
Ronin’s DeFi TVL Grows 149% YoY, Boosted by RON Token’s 30% Price Rise
Ronin, the Layer 1 blockchain developed by Sky Mavis, experienced a significant 149% year-over-year increase in DeFi TVL, reaching $147 million in Q3 2024. There are several factors influencing this…
Pudgy Penguins NFT Project Set to Release Pengu Token on Solana
The Pudgy Penguins NFT project is set to unveil its own cryptocurrency, Pengu, later this year, as revealed in a Thursday post on X. The Pengu token will be launched…
Nike-Owned NFT Project RTFKT to Shut Down Operations in Early 2025
RTFKT, the creators of non-fungible token (NFT) sneakers and avatars acquired by Nike in 2021, has announced its closure. The firm revealed in a December 2 post on X that…
Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains
A recent analysis has revealed that the non-fungible token (NFT) market struggled in 2024, with untimely price drops and several failed projects. The research by NFTevening and digital PR agency…
Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report
The iconic NFT collection CryptoPunks appears to be making a comeback this year amidst the ongoing NFT bear market. According to CoinGecko, the CryptoPunks collection currently leads the NFT market…
Japan’s DPP Leader Proposes Crypto Tax Overhaul, Pushes for Web3 and NFT Growth
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has proposed a crypto tax reform to support the growth of a token economy, including Web3 and NFTs if…
Runes Activity Rebounds: Bitcoin Transaction Fees Hit Multi-Month Record Highs
Bitcoin witnessed record-breaking fees due to the frenzy of activity on the new Runes Protocol, which went live on its fourth halving event. After months of inactivity, Runes activity is…
Top OpenSea Employees Step Down Amid Regulatory and Financial Troubles
OpenSea, one of the most prominent NFT marketplaces, has experienced a significant downturn in its overall business operations due to several factors, including low engagements in the sector. Over the…