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“# Nifty News: Doge NFTs much wow, Paris Hilton is an NFT advisor, NFT game raises $3M ” Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market. On June 9, Markus…
“#Americans pocketed $4B in bitcoin profits in 2020, analysis reveals” Americans got richer off bitcoin than any other country last year — pocketing $4.1 billion in profits as the price of the volatile cryptocurrency soared to $29,000 from under $10,000, according to a new analysis. The US was followed by China, which cashed out some…
“# The rise of NFTs must be accompanied by further decentralization ” The rise of the nonfungible token (NFT) has been a sight to behold, with the market seemingly garnering an increased amount of mainstream traction with each passing day. To put things into perspective as to how big this space has actually become, conservative…
“# The NFT bubble may have popped, but the sector is still primed for expansion ” Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their own one-of-a-kind digital art pieces dominating the mainstream media. Fast…
“# Social applications are the next big trend in crypto ” Last week’s tumultuous 30% crypto market dip and subsequent quick recovery left many wondering what comes next. Crypto circles aside, the conversation around the importance of building solid, broadly usable applications is louder than ever. Crypto will cease to be perceived as a casino…
“# Nifty News: Olympic NFT pins and games, world’s first intelligent NFT and more ” Playboy, the lifestyle and entertainment brand famous for its distinctive logo — among other things, has launched its first collection of five animated NFTs, on a new NFT market placed dubbed “Raretoshi” which is backed by Blockstream’s Liquid sidechain. The…
“#NFT bubble popping, with sales reportedly dropping 90 percent” The NFT craze appears to be fading fast, with sales collapsing by nearly 90 percent over the past month, according to new data. The market for so-called “non-fungible tokens” — one-of-a-kind, verifiable digital assets that grabbed headlines when Sotheby’s sold an NFT by the artist Beeple…
“# NFT sales down 90% since market peak ” The nonfungible token wing of the crypto space has declined even more rapidly than the broader market in the past month or so after sales of NFTs sank 90% since they peaked in early May. Data provided by Protos paints a picture of an NFT market in…
“# Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour ” While the short-term market outlook for many NFT projects look uncertain and multiple new releases struggle to gain traction, one gardening-themed drop may have set some records by selling 8,888 NFTs in just under an hour. Nonfungible token studio…
“# Metaplex NFT marketplace launches on Solana ” A nonfungible token marketplace by the name of Metaplex has officially launched on the Solana blockchain, highlighting the continued adoption of NFT technology. Platform developer Metaplex Foundation announced Wednesday that the new marketplace has been launched with strategic support from Solana Labs and cryptocurrency exchange FTX. The…