While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their … [Read more...] about NFT prices misfire as OpenSea daily active user volume drops 30% in a week
NFT
New Alfa Romeo SUV uses NFT and blockchain to track car records
Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car's whole life cycle.One of the most distinctive features of this SUV is that each car is linked to an accompanying NFT. The Tonale NFT, according to Alfa Romeo, … [Read more...] about New Alfa Romeo SUV uses NFT and blockchain to track car records
3 things every NFT investor should know to avoid a tax nightmare
2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume.The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea looking for the next 100x … [Read more...] about 3 things every NFT investor should know to avoid a tax nightmare
Indian couple celebrates blockchain wedding with NFT vows, digital priest
A young couple from India used nonfungible tokens (NFTs) to digitize their love for each other till eternity over the Ethereum (ETH) blockchain. The recently married couple from Pune, India, Shruti Nair and Anil Narasipuram decided to take their court marriage to the next level by hosting a blockchain wedding. According to Anil, the husband:“I read some articles on how people … [Read more...] about Indian couple celebrates blockchain wedding with NFT vows, digital priest
Battle for authenticity heats up in world’s most popular NFT collection
In a Discord post published on Wednesday, Matt Hall, the core developer at Larva Labs, the entity behind the popular CryptoPunks V2 and, initially, CryptoPunks V1 nonfungible tokens (NFT) collections, announced he would be "taking appropriate steps" in the following days regarding the alleged copyright infringement of "both the art and the CryptoPunks name" of the CryptoPunks … [Read more...] about Battle for authenticity heats up in world’s most popular NFT collection