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OpenSea’s NFT market share jumps to 71.5% amid SEA token hype
OpenSea has staged a dramatic comeback, reclaiming 71.5% of the Ethereum NFT market share in the past week. Just four weeks ago, its share stood at 25.5%, with Blur dominating the space. The Block reports that this surge coincides with OpenSea’s long-awaited announcement of its native token, SEA, on Feb. 13. Since the token reveal, […] More
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OpenSea’s Bold Move: SEA Token Launch, OS2 Revamp, and a Battle for NFT Market Dominance
Key Takeaways: OpenSea will release the SEA token in a bid to regain its popularity, as well as thank the users who are loyal to the platform. Innovation of the OS2 system is a crucial step in delivering a better UX and attracting new players to the platform. The business is adapting to the evolving […] More
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NFT sales suffer, Pudgy Penguins plunge: Here’s the latest
The NFT market continues its downward trend even as crypto prices stabilize, with Bitcoin edging up to $97,000 while Ethereum holds steady around $2,688 (see below). Source: CoinGecko The broader crypto market has seen a modest recovery, with the total market cap rising to $3.24 trillion from last week’s $3.13 trillion. New traders show interest […] More
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What is Immutable X: Understanding the power of IMX in NFTs
Since the launch of the first NFTs, they have gradually gained popularity not only among crypto investors but also among artists, celebrities, and people from all walks of life. But popularity brought some challenges. Scalability and transaction costs quickly became major headaches, especially on Ethereum, the go-to network for NFTs. The Layer 2 model changed […] More
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NFT market OpenSea teases token launch
The token launch is part of a broader revamp of the protocol, which its CEO says became too “corporate.” News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible token (NFT) marketplace OpenSea is preparing to launch a project token, SEA, according to a Feb. 13 announcement from the OpenSea Foundation. The foundation did not specify the timing […] More
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NFT market OpenSea announces native SEA token
The OpenSea Foundation announced its SEA token for users of the popular NFT marketplace, with U.S. traders eligible and a new platform upgrade called “OS2.” OpenSea users were told to expect a native token called SEA as a reward for trading non-fungible tokens on the multi-chain NFT exchange as part of an overhaul to improve […] More
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Sentient completes 650K NFT mint, MegaETH’s soulbound NFTs: Nifty Newsletter
Artificial general intelligence firm Sentient held an NFT mint with over 650,000 participants. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED In this week’s newsletter, read about how the MegaETH project uses soulbound non-fungible tokens (NFTs) to provide ownership stakes in its network, and how the artificial general intelligence firm Sentient completed one of the largest NFT […] More
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OpenSea denies NFT airdrop rumors, calls website a test page
OpenSea CEO Devin Finzer said the community found a “test website” and that the information it contained was not actual terms and conditions. News COINTELEGRAPH IN YOUR SOCIAL FEED OpenSea has denied circulating rumors about a non-fungible token (NFT) airdrop, calling them “completely false” and urging community members to rely only on its official platforms […] More
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Sentient completes record 650K NFT mint for decentralized ‘loyal’ AI model
The decentralized AI model aims to offer community decision-making to address a “crucial problem” in the AI landscape. News COINTELEGRAPH IN YOUR SOCIAL FEED Sentient has completed one of the largest non-fungible token minting campaigns in crypto history, with more than 650,000 participants securing fractional ownership of its decentralized AI model, Dobby. Sentient’s campaign for […] More
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Can BNB price hit $1000 as NFT and DEX volumes rise
Binance Coin price has rebounded from its lowest level this week, supported by ongoing trends in the non-fungible token and decentralized finance industries. Binance Coin (BNB) rose to $580 on February 6, gaining about 17% from Monday’s low. CryptoSlam data shows that the network’s non-fungible token sales are increasing, adding more utility to BNB. Non-fungible […] More
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MegaETH defies airdrop farming craze, dives headfirst into NFTs
MegaETH has unveiled soulbound NFTs to potentially raise $28 million as airdrop farming models receive heat. News COINTELEGRAPH IN YOUR SOCIAL FEED Ethereum layer-2 project MegaETH is bucking the trend, opting out of the airdrop farming frenzy and unveiling The Fluffle, a non-fungible token (NFT) collection that grants network participants ownership stakes. The 10,000-piece NFT […] More
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Reservoir, NFT infrastructure provider for Coinbase and MetaMask, raises $14M
NFTs were a defining theme of the cryptocurrency market between 2020 and 2022, but sales have slumped in recent years. News COINTELEGRAPH IN YOUR SOCIAL FEED Reservoir, the non-fungible token (NFT) infrastructure provider for Coinbase, MetaMask and Magic Eden, has closed a $14-million funding round to expand its infrastructure to new marketplaces. According to a […] More
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