Tweet mocking how little value NFTs have … is turned into $5K NFT
“This is basically the same as making a joke that you stole the Mona Lisa by taking a photograph of it,” said Twitter user Sergey Pshenichkin. Go to Source Powered by WPeMatico
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Valued at $4.3B, NFT platform Sorare to invest in women’s sports
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph. Go to Source Powered by WPeMatico
Pundits say crashing floor prices and sell volume signal that ‘the NFT market has died’
High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid. Go to Source Powered by WPeMatico
Sorare scores $680M funding led by SoftBank to grow its NFT sport portfolio
Sorare attained a $4.3 billion valuation with a Series B funding round led by the Tokyo-based holding company. Go to Source Powered by WPeMatico
OpenSea exec used the platform’s influence to pump his own NFTs
Allegations of NFT insider trading have been confirmed by OpenSea, which issued a statement about its head of product lead. Go to Source Powered by WPeMatico
NFT sales and floor prices plummet as demand wanes and gas prices soar
This week’s market-wide correction lead to a sharp decline in NFT sales as decreased demand for digital collectibles led to a drop in the floor price of most major projects. Go to Source Powered by WPeMatico
FTX Launches Cross-Platform NFT Marketplace
FTX, a spot and cryptocurrency exchange, announced the launch of an NFT marketplace on its trading platform today. According to the information provided by CEO Sam Bankman-Fried, the marketplace will be available both for customers in the U.S. and in other locations. FTX is likely trying to capitalize on the popularity of these instruments, which … Read more
Crypto exchange OKEx launches DeFi hub and NFT marketplace
OKEx is expanding its decentralized finance footprint with a DeFi Hub and a marketplace for creating and selling NFTs. Go to Source Powered by WPeMatico
Axie Infinity Economy Booms as NFT Sales Rise
Axie Infinity, an Ethereum based game, is now one of the biggest successes of the play-to-earn model. Featuring NFT’s like the game characters, the game monetizes breeding these characters and selling them. As a result, there is now a growing demand for Axies, whose stats can make them reach high prices in markets. This has … Read more
Russia’s Famous Hermitage Museum Aims to Raise Funds With NFTs
The Hermitage Museum in Saint Petersburg is considering issuing NFTs for works of art from its rich collection and is holding talks with Binance on the matter. The museum’s management expects the tokens to bring extra funding, provided Russian authorities exempt NFTs from current digital assets regulations. Hermitage Museum in Talks With Binance for Artwork … Read more
