NFTs have had quite the roller coaster year. Spurred by the sale of Beeple’s The First 5000 days for a record $70 million, tokenized digital art was thrust into the mainstream earlier this year.A dramatic dip in sales followed, leading many to believe it was game over for NFTs. However, the past month or so has seen a resurgence in trading volume and Google searches.With that, … [Read more...] about Scammers turn their attention to NFTs as the crypto subsector sees multimillion dollar mania
mania
CryptoPunk NFT mania drives average punk price up to $135,000
Just when you thought digital art was done and dusted, CryptoPunk NFTs make a resurgence in popularity. That is, at least among Ethereum whales who are willing to stump up the hefty asking prices.Recent times have seen a flurry of CryptoPunk buying activity. Including internet personality Gary Vaynerchuk shelling out 1,600 Ethereum ($3.7 million) to acquire #2140, described as … [Read more...] about CryptoPunk NFT mania drives average punk price up to $135,000
Around the Block #12: NFT mania
Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart and Ryan Yi take a look at the mania around NFTs (non-fungible tokens).At this point, NFTs have taken over public discourse of crypto in a way reminiscent of ICOs in 2017, including mainstream and pop-culture coverage. Global search interest for NFTs has now surpassed that of … [Read more...] about Around the Block #12: NFT mania
BSC mania: Binance & Mr. Beast Invest in NFT marketplace Refinable
Refinable is the first NFT marketplace on Binance Smart Chain (BSC), which has recently started to close the gap on Ethereum in terms of market valuation.The demand for Binance Smart Chain is evident in the daily transaction volume of the network and the valuation of projects on top of BSC.The investment from Binance and Mr. Beast indicates two things: the interest in NFT … [Read more...] about BSC mania: Binance & Mr. Beast Invest in NFT marketplace Refinable
long-dormant MoonCats project rides NFT mania to the moon
As the profusion of new algorithmically-generated nonfungible token projects drives down the premium on digital rarity, digital history and being among the “firsts” has become a more reliable source of value. As a result, long-forgotten projects are being unearthed by on-chain sleuths, and yesterday they might have struck gold on their biggest find yet. At 7 AM UTC March 12, … [Read more...] about long-dormant MoonCats project rides NFT mania to the moon