NFT Market Facing Persistent Selling Pressure

Recent data shows that throughout April, the NFT market has had more sellers than buyers, indicating a potential lack of demand for NFTs. (Read More)

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Collector Accidentally Burns $200K CryptoPunk NFT

NFT collector accidentally sends a CryptoPunk NFT worth 77 ETH to a burn address, intending to borrow money against it to buy another NFT. (Read More)

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Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop

The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal inscriptions. Bitcoin’s Ordinal Inscriptions Near 19 Million As [...]

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Meta pulling the plug on NFTs across Instagram and Facebook

The short-lived NFT features were first launched in May 2022, but Meta's financial technology lead said it's "winding down" the tools to focus elsewhere.

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Bitcoin NFTs to Hit $4.5B Market Cap

Galaxy Digital's research unit predicts that the Bitcoin nonfungible token (NFT) market could reach a $4.5 billion market cap by March 2025 based on conservative estimations. The report also outlines bear and bull case scenarios for the market. (Read More)

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Bitcoin Ordinals creator looks for fix after first instance of shock porn

A rather unsavory image made it to the front page of the Ordinals website for 30 minutes before it was hidden, however, the image itself is immutable.

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Nifty News: Fake Pokémon NFT game spreads malware, ‘Jai Ho’ singer to launch metaverse and more

Software used to access computers remotely has been inserted in a phishing website fronting as an NFT card game for the popular Pokémon franchise.

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Chinese court says NFTs are virtual property protected by law

The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.

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Magic Eden follows OpenSea with NFT royalty enforcement tool

The open-source Open Creator Protocol of the NFT marketplace will enforce NFT creator royalties for new collections that opt-in to the tool.

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Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.

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Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties, and more

In early November the Chinese government made an ambitious plan to boost the nation’s VR industry, now it seems local tech companies are using the World Cup to test-run their products.

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Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12%

The Robinhood CEO also announced the brokerage firm’s plans to expand the Robinhood Wallet internationally in the months to come.

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Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more

The latest Web3 offering from GameStop sees the official launch of its NFT market, and the Hong Kong government is testing a proof-of-concept NFT at a convention.

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Nifty News: LooksRare the latest NFT market to sack royalties, Twitter’s tweeting tiles, and more

LooksRare joins the lineup of NFT marketplaces that have abandoned default creator royalties but says its replacement solution is “competitive”.

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Bored Ape creators and other NFT projects investigated by SEC probe

A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.”

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Critics can’t stop NFTs from becoming a mainstay of daily life

Nonfungible tokens are about more than Bored Apes. They fulfill a host of functions better than existing systems.

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Almost everything could be tokenized in 5-10 years — Matrixport co-founder

Cost efficiencies, improved liquidity, 24/7 market access, and the removal of intermediaries were the main advantages' cited which blockchain infrastructure has over current legacy systems.

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Crypto developers should work with the SEC to find common ground

Developers, investors and regulators can establish best practices and raise the quality of cryptocurrency development by working together.

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Bored Ape prices are down, but the NFT market is headed for new heights

One study indicated the NFT market is headed for a $230 billion valuation by 2030 — an increase of more than 20 times compared to its height in 2021.

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18 'uncomfortable' truths about nonfungible tokens

NFT analyst OKhotshot warns there are no reliable stable investments in the NFT space and most investors will lose money investing in the market.

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