Yuga Labs strengthens its NFT infrastructure with Tokenproof’s tech team, aiming to enhance accessibility and utility in the Web3 space. News COINTELEGRAPH IN YOUR SOCIAL FEED Yuga Labs, the blockchain company behind the popular ape-themed non-fungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and ApeCoin, has acquired the tech team of Tokenproof, a Web3 […] More
The Nike-owned company received investment funding from Andreessen Horowitz during the peak of NFT summer in 2021. News COINTELEGRAPH IN YOUR SOCIAL FEED RTFKT, the creators of non-fungible token (NFT) virtual sneakers acquired by Nike in 2021, has announced it will sunset operations in January 2025. “To honor and preserve this pioneering legacy, we will […] More
Non-fungible tokens have been seeing a sharp increase in their daily sales over the past month as the broader crypto market entered its bullish phase. NFT sales increased by 28% in the past 24 hours to $40.4 million, according to data provided by CryptoSlam. This is the highest level of trading volume for the sector […] More
NFTs had a monthly sales volume of over $562 million in November, surpassing October’s record of $356 million. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover. On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 […] More
As Bitcoin continues to face resistance near the $100,000 mark, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million. While Bitcoin (BTC) trades at $96,800, Ethereum (ETH) has shown strength by surging 3.5% in the last 24 hours to reclaim the $3,700 level. The global cryptocurrency market capitalization […] More
NFTs recorded a weekly sales volume of $158 million, showing a strong weekly performance compared to the start of November. News COINTELEGRAPH IN YOUR SOCIAL FEED In this week’s newsletter, read about how non-fungible token (NFT) sales have continued their upward momentum, and find out why Sky Mavis, the company behind Axie Infinity, laid off […] More
Kraken’s NFT Marketplace Closure Kraken’s NFT marketplace, introduced in 2022, allowed users to buy, sell, and trade digital collectibles without gas fees for transactions. However, as of November 27, 2024, new listings and trades are disabled, and the trading platform will fully shut down by February 27, 2025. Kraken attributed this move to its intent […] More
Kraken will shut down its NFT marketplace, transitioning to withdrawal-only mode in Nov. 27. Users can withdraw NFTs until February 2025, but can’t list or trade after Nov. 27. The closure follows declining NFT market volumes and Kraken’s focus on new ventures. Kraken, one of the leading global cryptocurrency exchanges, has decided to shut down […] More
Kraken has announced the shutdown of its NFT marketplace to redirect resources toward new initiatives. The marketplace will transition into withdrawal-only mode on November 27, 2024, and fully cease operations on February 27, 2025, according to an email from Kraken seen by crypto.news. Kraken explained that the closure will allow the company to focus on […] More
Starting Nov. 27, Kraken’s NFT marketplace will transition to withdrawal-only mode. News COINTELEGRAPH IN YOUR SOCIAL FEED Crypto exchange Kraken is shutting down its non-fungible token (NFT) marketplace just over a year after its launch. According to an email sent to clients and seen by Cointelegraph, the NFT marketplace will transition to withdrawal-only mode on […] More
Shaquille O’Neal has agreed to pay $11 million to settle a class action lawsuit brought by holders of the Astrals NFT collection. The settlement, submitted as an unopposed proposal on Monday in a Florida district court, is now pending approval by Judge Federico Moreno. If granted, it will resolve allegations that he promoted unregistered securities. […] More
November has already surpassed October’s total volume, continuing strong market momentum for NFTs. News COINTELEGRAPH IN YOUR SOCIAL FEED Non-fungible tokens (NFTs) maintained a relatively strong weekly sales volume despite a slight decline compared to last week’s surge. On Nov. 24, NFT data tracker CryptoSlam showed that digital collectibles had a solid week, recording a […] More
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