Why the Creator of Netflix’s ‘Selena’ Is Saying Yes to NFTs — And No To Hollywood
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 FTT Skyrockets Over 80% Following Gary Gensler’s Support for Potential FTX Reboot Why the Creator of Netflix’s ‘Selena’ Is Saying Yes to NFTs […]
Yuga Labs confirms UV lights as probable cause of health issues at ApeFest
Post ApeFest, Yuga Labs has confirmed that UV lights were likely the cause of reported eye and skin issues among attendees. At least 15 attendees of the Hong Kong-based event, held on November 4, started reporting vision loss, eye pain, and skin problems the following day. In a November 9th tweet, Yuga Labs’ Bored Ape […]
Investment firm Coatue Slashes OpenSea valuation by 90%
Investment giant Coatue Management has drastically reduced its valuation of NFT marketplace OpenSea, signaling a pessimistic outlook for the once-booming sector. Coatue Management, a prominent United States tech investor, has devalued its stake in the nonfungible token (NFT) platform OpenSea by a staggering 90%. This adjustment took place on November 7, plummeting the investment value […]
NFT Traders splurge millions on ‘Simpsons’ inspired knockoff collectibles
NFT collectors rushed to buy ‘Simpsons’-themed tokens, pouring nearly $2.5 million into a collection in under a day, following a spoof of NFTs in a recent episode of the iconic television show. The unofficial Springfield Punks collection, which blends CryptoPunks’ design with ‘The Simpsons’ elements, rocketed to the top spot on OpenSea in less than […]
Ethereum NFTs witness 2% spike after Yuga Labs marketplace news
Ethereum non-fungible tokens (NFTs) have seen a 2% increase in just 24 hours, following the announcement of a new marketplace by Yuga Labs. The surge comes after a period of decline in the Ethereum [ETH] NFT ecosystem. However, a recent announcement by Yuga Labs about the launch of a new Ethereum NFT marketplace, in partnership […]
Victor Wembanyama’s NBA NFT fetches record-breaking $110,000
An Ethereum NFT trading card portraying NBA rookie, Victor Wembanyama, has been sold for a staggering $110,000. This sale has outdone the previous record for one of Wembanyama’s physical trading cards. The single-edition “Unique” digital card was released by Sorare NBA, an officially licensed fantasy basketball game. The auction concluded with the card, featuring this […]
NFTs show signs of revival despite bearish market sentiment
Despite the prevailing sentiment that Non-Fungible Tokens (NFTs) are dead due to the ongoing “NFT Winter,” there are glimmers of revival within the sector. The NFT market, although sluggish, shows signs of life. The report states that while NFT trading volumes have drastically reduced, from around $1 billion a week in mid-2021 to early-2022, to […]
Metaplex’s “Bubblegum” fuels the minting of Millions of compressed NFTs on Solana
Solana’s blockchain is experiencing an influx of compressed non-fungible tokens (cNFTs), thanks to Metaplex’s Bubblegum, a technology that aids in the creation of over 3 million NFTs weekly. Metaplex has developed Bubblegum, a tool that diminishes the cost of minting and engaging with NFTs on the Solana blockchain. This technology employs compression methods to generate […]
Editor’s Wrap: NFTs Aren’t Dead Just Yet
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Binance CEO CZ and Exchange File Motion to Dismiss SEC Lawsuit 2️⃣ Crypto Traders Are Yelling at Each Other on Elon Musk’s […]
Ethereum transaction fees dive to 2022 lows, paving the way for wider adoption
Ethereum (ETH) transaction fees have recently reached their lowest levels since 2022, signaling a milestone for the second-largest cryptocurrency. The average fee for transferring ETH is now $1.83, while purchasing tokens through Uniswap costs around $4.17. This decline in gas fees can be attributed to reduced on-chain activity related to NFT sales, meme coin trading, […]