An investigation into the victim of an NFT scam led the Brooklyn District Attorney’s Virtual Currency Unit to discover and dismantle a network of fake NFT marketplace sites. News COINTELEGRAPH IN YOUR SOCIAL FEED Brooklyn’s District Attorney said his office has shut down 40 fraudulent non-fungible token (NFT) marketplace websites after an 85-year-old artist was […] More
Key Takeaways: NFT Trading Volume Surges: The total trading volume of NFTs hit an amazing level in December 2024 as the market experienced a strong recovery. Ethereum Leads the Way: Ethereum continued to be at the forefront in the NFT space, as the lion’s share of the total trading volume went its way. Top Collections: […] More
Pudgy Penguins recorded $25 million in sales, while CryptoPunks had a weekly volume of $16.5 million. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens (NFTs) started strongly in December, with Ethereum leading the top digital collectible blockchains in sales. On Dec. 8, NFT data tracker CryptoSlam showed that digital collectibles recorded a weekly sales volume […] More
The non-fungible token, or NFT, market has shown decent growth amid Bitcoin’s historic breakthrough exceeding $100,000. The surge in cryptocurrency prices continues as Ethereum (ETH) strengthens its position, climbing 3.5% in the last 24 hours to reclaim the $4,000 level. The global cryptocurrency market capitalization has expanded to $3.67 trillion from last week’s $3.42 trillion. […] More
The Pudgy Penguins NFT project is set to unveil its own cryptocurrency, Pengu, later this year, as revealed in a Thursday post on X. The Pengu token will be launched on the Solana blockchain, with a total supply of 88,888,888,888 tokens. Despite this, the Pudgy Penguins NFTs themselves are based on the Ethereum network. Pengu […] More
After months of slowdown, the NFT market now shows signs of recovery with a 22% increase in trading volume as of November, boosted by prices and high activity in blue-chip collections. The market of non-fungible tokens seems to be showing signs of recovery, with an over 20% surge in trading volume in November, per a […] More
Adidas and STEPN GO introduce 1,200 limited-edition Ultraboost 5 sneakers, available exclusively to NFT holders. STEPN GO, a new version of the move-to-earn game Stepn, has teamed up with the international sportswear manufacturer Adidas with the release of the co-branded physical running shoes. According to a press release shared with crypto.news, the limited-edition STEPN GO […] More
NFTs may have died down, but RARI Foundation’s Jana Bertram is bullish on their evolution, according to her analysis of the industry in the latest episode of the Hashing It Out podcast. Podcast COINTELEGRAPH IN YOUR SOCIAL FEED In episode 65 of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, […] More
NFTs have started to recover, recording a monthly sales volume of $562 million in November. Newsletter COINTELEGRAPH IN YOUR SOCIAL FEED In this week’s newsletter, read about how non-fungible tokens (NFTs) recorded $562 million in monthly sales volumes and how popular NFT project RTFKT, acquired by Nike in 2021, is winding down its operations. In […] More
RTFKT, the creators of non-fungible token (NFT) sneakers and avatars acquired by Nike in 2021, has announced its closure. The firm revealed in a December 2 post on X that it will wind down operations by January 2025. Final Collection and Legacy Tribute “Today, we’re announcing the plan to wind down RTFKT operations,” the post […] More
Fan tokens change the game for sports engagement and outperform NFTs. Opinion COINTELEGRAPH IN YOUR SOCIAL FEED Opinion by: Alexandre Dreyfus, CEO of Chiliz Blockchain has reshaped every sector that has worked to implement the technology, from financial services to entertainment. This revolution is evident in how sports fans can now engage with their favorite […] More
Yuga Labs has acquired web3 tokenization provider tokenproof. Through the integration, the blockchain hopes to drive crypto and NFT adoption. In a recent X post on Dec. 3, tokenproof founder and CEO, Fonz O, announced the web3 tokenization service’s integration into Yuga Labs. He stated that part of the tokenproof team will join Yuga Labs’ […] More
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