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NFT News (Page 3)

While NFTs, or non-fungible tokens, remained fairly niche for several years now, they’ve grown in prominence over the past year or so, as tokens representing unique works of art, collectibles, and virtual game items have become more popular.

Crypto Art Is the “Set It and Forget It” Investment of the Decade – Raoul Pal

Raoul Pal sees high value in rare and desirable crypto art, comparing them to prime real estate.

, by Veronika Rinecker

Brooklyn DA Shuts Down 40 NFT Websites After 85-Year-Old Artist Loses $135K

Brooklyn’s DA has dismantled 40 fraudulent NFT marketplace websites following a scheme that defrauded an artist of $135,000.

, by Ruholamin Haqshanas

Pudgy Penguins Surpass BAYC to Become Second-Largest NFT Collection by Market Cap

Pudgy Penguins has overtaken the Bored Ape Yacht Club (BAYC) to become the second-largest NFT collection by market capitalization.

, by Ruholamin Haqshanas

Yuga Labs Acquires Tech Team of Web3 Tokenization Firm Tokenproof

Yuga Labs, the blockchain giant behind the Bored Ape Yacht Club (BAYC) NFTs, has acquired the technology team of Tokenproof.

, by Ruholamin Haqshanas

Kraken Closes NFT Marketplace to Invest in New Products and Services

Kraken is shutting down its NFT marketplace nearly two years after its launch. "We've made the decision to close our NFT marketplace so we can shift more resources into new products and services, such as unannounced initiatives in-development," a Kraken spokesperson told Cryptonews....

, by Shalini Nagarajan

Evolving from ‘Common’ to ‘Secret Rare’: VeVe Unveils New Collecting Model ‘Evolvables’

VeVe has announced a new collecting model with the launch of Evolvables. VeVe is an app-based marketplace for licensed digital collectibles. It has sold more than 10 million digital collectibles and comics from massive brands like Disney, Marvel, and Star Wars. According to the press...

, by Sead Fadilpašić

OpenSea to Launch Revamped NFT Platform in December Amid Market Slump

OpenSea is set to launch a revamped platform in December, aiming to reinvigorate user interest amid a sustained downturn in the NFT market.

, by Ruholamin Haqshanas

Hamster Kombat Sees 86% Drop in Users Amid Rise of Paws Mini App on Telegram

As of early November 2024, a Protos report reveals that Hamster Kombat, the widely-used Telegram-based tap-to-earn game, experienced a significant drop in users, plummeting from 300 million to around 41 million—a staggering 86% decline over recent months. Meanwhile, PAWS, a newly launched...

Musicians Explain How the Bitcoin Blockchain Can Fix the Music Industry

As digital platforms struggle to support artists, musicians like Zironi Violetta turn to Bitcoin to secure their rights. Could blockchain be the answer?

, by Rachel Wolfson

NFT Sales Climb 18% in October, Breaking Seven-Month Decline on Solana

The NFT market bounced back in October with an 18% increase in sales volume, reversing a seven-month downward trend.

, by Ruholamin Haqshanas

Animoca Brands to Release Ghost in the Shell Movie NFTs

Ghost in the Shell will get the NFT treatment, with the Hong Kong-based gaming firm Animoca Brands set to launch a series of tokens based on the landmark 1995 movie adaptation. Per the Japanese media outlet CoinPost, the firm will launch the tokens on the Ethereum blockchain...

Appeals Court Raises Doubts About Hermès’ Victory in MetaBirkin NFT Lawsuit

A US appeals court judge on Wednesday questioned Hermès' trial win against an artist accused of infringing on their rights by making NFT versions of their famous Birkin bags. At a session in the 2nd US Circuit Court of Appeals, Senior US Circuit Judge Pierre Leval suggested that the district...

, by Shalini Nagarajan

NFT Artist DeeKay Loses Life Savings in Cyberattack During Flight

Non-fungible token (NFT) artist DeeKay has reported that his life savings and web3 earnings were stolen after his crypto wallets were compromised. According to a social media post by DeeKay, the hack occurred during a 14-hour flight from Korea to New York, leaving him unable to access the...

, by Hongji Feng

NFT Weekly Sales Surge to Highest Levels Since August Amid Market Recovery

NFTs are witnessing a resurgence in sales, with weekly sales volumes reaching their highest levels since August.

, by Ruholamin Haqshanas

$56.3M CryptoPunk NFT Sale Raises Eyebrows, Community Suspects Marketing Stunt

CryptoPunk 1563 was reportedly sold for 24,000 ETH, or $56.3m, in a seemingly groundbreaking transaction on Thursday. This sale is among the top-priced transactions for a CryptoPunk NFT so far. However, the transaction was far from typical. On closer examination, the sale appears to have...

, by Shalini Nagarajan

Japan’s Next Prime Minister Announces Pro-Blockchain and NFT Policy Plans

Shigeru Ishiba, Japan’s next Prime Minister and the newly elected head of Japan’s ruling Liberal Democratic Party, has revealed pro-blockchain and NFT policies. Ishiba will also appoint the LDP’s current web3 taskforce chief Masaaki Taira as the government’s new Minister of Digital...

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