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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 Storible examined more than 29,000 NFT collections released throughout the year, compiling data from OpenSea and Dune analytics. NFT Market Profitability Struggles Dubbed “State of […] More
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NFTs weekly sales surge 94% as crypto market continues bullish run
The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens recorded a weekly sales volume of $181 million, as Bitcoin and other crypto assets recorded massive gains. On Nov. 17, digital collectible […] More
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in Ethereum News, News, NFT News
NFT sales surge 94% to $178.8m, Ethereum network ranks first
Amidst Bitcoin’s new all-time high of $93,434.36, the non-fungible token (NFT) sales volume has surged by 94.1% to $178.8 million. The global cryptocurrency market capitalization has reached $3.03 trillion, marking a 4% increase over the last day. Bitcoin (BTC) has also retraced slightly, currently trading at $91,295. The last week’s NFT sales volume stood at […] More
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Artnames enables users to their name into a personalized NFT
A Base-supported generative art project called Artnames turns a user’s name into a unique piece of NFT art. Each piece is created in collaboration with renowned artists from the digital art space. The Artnames project was founded by the artist Arrotu. According to Arrotu’s blogpost, the project is a combination of personalized art with blockchain […] More
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OpenSea users drop securities suit, Whales drive Q3 NFT comeback: Nifty Newsletter
NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED In this week’s newsletter, whales have driven a comeback for non-fungible tokens (NFTs) in the BNB Chain ecosystem, Lamborghini opened minting for its Revuelto NFTs, Infinex plans to integrate with […] More
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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 with a 30.9% share among the top collections, a position it solidified after surpassing Bored Ape Yacht Club (BAYC) in May 2023. CryptoPunks Sees Resurgence […] More
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in Bitcoin News, News, NFT News
NFT sales rise 16.1% to $96.1m, Bitcoin network dethrones Solana
Following the recent crypto market surge, the non-fungible token (NFT) sales volume has surged by 16.3% to $96.1 million. The overall crypto market has been showing strong positive momentum recently. Following Donald Trump’s victory in the U.S. presidential election, Bitcoin (BTC) reached a new all-time high of $77,252.75. As per the latest CoinMarketCap data, the […] More
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Whales drive NFT comeback on BNB Chain in Q3: Messari
NFT trading volume on BNB Chain increased 283% quarter-on-quarter in Q3, driven by whales as average daily buyers fell over 50%, according to Messari. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens trading volumes on the BNB Chain saw a resurgence in the third quarter, increasing 283% to a daily average of $600,400, according to […] More
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Lamborghini to open ‘Revuelto NFT’ mint with Animoca Brands, Transak
Lamborghini’s dive into NFTs comes amid lower monthly sales volumes for digital collectibles. News COINTELEGRAPH IN YOUR SOCIAL FEED Luxury vehicle manufacturer Automobili Lamborghini will use the crypto on-ramp firm Transak for its upcoming non-fungible token mint. On Nov. 7, Lamborghini will allow users to mint their Revuelto NFTs as part of the car manufacturer’s […] More
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NFT monthly sales surge 18%, Mutant Ape ripoff creator avoids prison: Nifty Newsletter
NFTs have started to recover as monthly sales volumes surged by 18% and total transactions shot up to 7.2 million. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED In this week’s newsletter, read about the creator of the Mutant Ape Planet non-fungible tokens (NFTs) avoiding prison, check out how NFTs recovered from a recent market slump and […] More
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ZachXBT’s NFT accidentally becomes a $15 million meme coin on Base
Key Takeaways ZachXBT’s NFT investigation document was unintentionally converted into a $15 million meme coin on the Base network. The Zora protocol’s lack of interface clarity regarding ERC-20 token creation led to the meme coin’s emergence. Share this article A token unintentionally created by blockchain investigator ZachXBT on the Base network, has reached a $15 […] More
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Kyoto’s Ryuganji Temple launches 1,500 free goshuin NFTs
A temple in Kyoto, Ryuganji Temple, is offering 1,500 free animated NFTs to promote Japanese Buddhist culture on a global scale. Starting Nov. 1, users can claim free Ryuganji Temple non-fungible tokens from the official website. Visitors will also be able to collect the NFT directly at the temple starting Nov. 9, 2024 at 14:00 […] More
