NFT News
What is NFT?
NFT stands for non-fungible token; wherein, non-fungible means unique and irreplaceable. Being a digital asset with one-of-a-kind identifying code, an NFT represents real-world objects like videos, music, arts and in-game items. Purchased and sold online using cryptocurrency, majority of the NFTs are part of the Ethereum blockchain.
Been around since 2014, their craze has evolved in the past few years with more & more celebs and artists trying their luck and building a fortune out of them. It won’t be wrong to say that non-fungible tokens are becoming an increasingly popular way to buy and sell digital artwork. Furthermore, they give the artists and creators ownership of their work. The market for NFTs was worth a staggering $41 billion in 2021 alone, an amount that is approaching the total value of the entire global fine art market. Moreover, about $174 million has been spent on them since November 2017.
Keep up with the latest news related to the NFT marketplace with us. Here, you will find updates and details about anything and everything happening in each and every kind of NFT. We follow the NFT market very closely and ensure our readers remain in touch with news that makes headlines in the NFT streets.
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SNEAK PEEK Tomarket’s Tap2Earn game attracts over 200,000 users swiftly, showcasing strong initial adoption and effective promotion. User feedback highlights …
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SNEAK PEEK ChimpersNFT pioneers narrative-driven NFTs, transforming digital collectibles into immersive storytelling experiences. Kailani champions community-building through ChimpersLore, setting a …
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SNEAK PEEK Web3 applications reached a record 10 million daily users in Q2. The social sector-led growth, with a 66% …
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SNEAK PEEK In a sophisticated phishing scam, a user lost $240,000 worth of NFTs, including BAYC, Beanz, and Elementals. The …
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SNEAK PEEK NFT sales fell by 44% in Q2 2024 due to market downturn and the rise of memecoins. The …
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SNEAK PEEK Gala Games partners with Animoca Brands to enhance GALA token trading. Animoca will provide liquidity and become a …
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SNEAK PEEK DraftKings faces lawsuit over NFTs as potential investment contracts. Court ruling suggests DraftKings’ NFTs could be categorized as …
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SNEAK PEEK OpenSea CEO Devin Finzer shares insights on the evolving NFT market and future growth. He highlights the rise …
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SNEAK PEEK Param Labs partners with Pixelverse to enhance the Kiraverse game. The collaboration will reward dedicated players with in-game …
Cryptocurrency News
SNEAK PEEK Trump commits to commuting Ross Ulbricht’s life sentence if re-elected, earning strong support from the Libertarian audience. He …
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SNEAK PEEK Cristiano Ronaldo announces his fourth NFT collection on Binance. The collection highlights key moments from Ronaldo’s career and …
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SNEAK PEEK Dolce & Gabbana is being sued for allegedly delaying the delivery of NFTs, causing significant value loss. Yonsei …
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SNEAK PEEK Yuga Labs collaborates with artist Nina Chanel for a new digital art collection. Exclusive airdrops will be available …
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SNEAK PEEK Yuga Labs launches ‘Super Punk World’ NFT collection, sparking controversy. Critics accuse the project of diluting the original …
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SNEAK PEEK The Captain Tsubasa NFT soccer game has debuted on the Oasys blockchain, blending anime nostalgia with blockchain technology. …