NFTs poised for comeback despite sales drop say execs
Despite a 45% drop in NFT sales during Q2 2024, Web3 professionals remain optimistic about the future of non-fungible tokens. Go to Source
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Marc Cuban wallet dumps NFTs, market volume drops 45%: Nifty Newsletter
Marc Cuban has offloaded some NFTs, while overall NFT sales volume dropped by 45% in Q2. Go to Source
Marc Cuban wallet seen dumping NFTs after 2 years of inactivity
Marc Cuban’s wallet sold 14 NFTs for $38,500 and listed two more NFTs for sale for about $66,000. Go to Source
7-Day NFT Sales Increase by 37%, Bitcoin-Based Collections Lead
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. … Read more
OpenSea investor marks down stake in platform by 90%: Report
OpenSea’s co-lead investor Coatue Management marked down its investment from $120 million to $13 million. Go to Source
Nifty News: The Simpsons roast NFTs, Yuga Labs exec departs after anti-semitic tweets and more
The Simpsons poked fun at NFTs in their annual halloween special but degens still managed to take advantage of the publicity to hoist an NFT collection to near top of the charts. Go to Source
‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum
Metagood CEO Danny Yang attributed the move to the Bitcoin network being seen as a more secure platform for its users, among other reasons. Go to Source
Trump Cards Jump Amid Indictment, Strong Quarter for NFT Market
Sales of Donald Trump’s digital collectibles surged following the news of his indictment in New York on Thursday. Meanwhile, a report revealed that the market for non-fungible tokens (NFTs) has seen its strongest quarter since early last year, reaching a trading volume of $4.7 billion, despite a weaker March. Trump NFTs Spike as Former President … Read more
Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities
A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs, known as “Moments” issued … Read more
Friendsies NFT creators deny ‘abandoning’ project amid rug pull allegations
The Friendsies NFT collection responded to accusations it was behind a $5 million rug pull after announcing a “pause” of the project. Go to Source Powered by WPeMatico
