NFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%). Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped Over the past week, the digital collectible market struggled, bringing in $77.46…
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A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024 Bull Run Bypasses It As highlighted in nftevening.com’s 2024 report,…
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Sales volumes of non-fungible tokens (NFTs) recorded a more than 37% increase to $277 million in the seven-day period ending April 11. Six of the top 10 collections with the largest sales volumes were Bitcoin-based NFTs. Some experts attribute the renewed interest in NFTs to the rise of real-world assets and NFTs with built-in utility.…
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Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes,…
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This is Human Generated This is an interpretation of VESA’s appearance on the Human Generated podcast by Omid Honari. The two met during a day of keynote speeches at the Mohammed Bin Rashid library, where as it turns out, both of their topics touched on not only art and its implications, but also spirituality.…
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Reports indicate, and the peer-to-peer non-fungible token (NFT) market platform has confirmed, that the NFT platform NFT Trader experienced a security breach. An assailant exploited an outdated smart contract, resulting in the theft of nearly $3 million worth of esteemed digital collectibles, including those from the Mutant Ape Yacht Club (MAYC) and Bored Ape Yacht…
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Blur, a decentralized non-fungible token (NFT) marketplace, and OpenSea competitor is under pressure, tumbling by over 30% from its November peaks. While BLUR retreats, on-chain data reveals that BLUR whales have been moving their tokens to leading crypto exchanges, possibly to liquidate. Whales On A Possible Selling Spree According to Lookonchain data on December 7, several whales…
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In the non-fungible tokens (NFTs) sector, scammers are constantly devising new methods to exploit unsuspecting collectors. The latest incident involves fraudsters posing as journalists from Forbes magazine, specifically targeting Bored Ape Yacht Club (BAYC) NFT holders. One BAYC owner, “Crumz,” recently shared his encounter with these scammers, detailing the elaborate scheme designed to steal his…
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Listen up, degens Summer’s out, and it is time to gear up for another season of Web3 and NFTs. Team VESA has enjoyed the refreshing (too much so at times) weather of our native Finland and some interesting connections and projects have immediately sprouted. Currently, VESA is in Switzerland for a top Web3 conference with…
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The NFT market is experiencing a tumultuous slump, with tensions rising between traders and creators of digital collectibles rising amid controversy surrounding royalties. This friction has resulted from the recent decision by top NFT exchanges, including Blur and OpenSea, to cut royalty rates paid to artists when a token’s ownership changes. … Read More: NFT Market Slump Hits Artists Hard: Payouts to Creators…
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