NFT trading plummeted in 2024, falling 19% in volume and 18% in sales, with prices and volatility on the rise.
Pudgy Penguins’ PENGU token jumps 13% despite NFT sales dropping over 50%, fueled by a viral marketing campaign.
NFTs had a total sales volume of $8.8 billion in 2024, surpassing their record in 2023 by over $100 million.
Ethereum NFT collections surged, driving weekly sales volumes above $300 million.
OpenSea told Cointelegraph that the foundation in the Cayman Islands was a registered entity.
The Ethereum blockchain recorded $92 million in weekly NFT sales, driven by interest in collections like CryptoPunks and Pudgy Penguins.
NFTs have started to recover, recording a monthly sales volume of $562 million in November.
NFTs recorded a weekly sales volume of $158 million, showing a strong weekly performance compared to the start of November.
NFTs continue to recover as weekly sales volumes hit $181 million, surging 94% week-on-week.
NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.
NFTs have started to recover as monthly sales volumes surged by 18% and total transactions shot up to 7.2 million.
Lazarus Group used a fake playable NFT game to steal wallet credentials through a vulnerability on Google Chrome.
A group of NFT holders sued an art gallery, claiming it failed to deliver its promised metaverse club.
Hamster Kombat revealed in its new roadmap that it would integrate non-fungible tokens in November 2024.
Pudgy Penguins CEO Luca Schnetzler believes the SEC’s actions against NFTs are nonsense, describing them as a “nothing burger.”
Pudgy Penguins CEO Luca Schnetzler believes the SEC’s actions against NFTs are nonsense, describing them as a “nothing burger.”
A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea.
OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency.
Immutable has wound down its NFT marketplace to allow marketplaces within its ecosystem to flourish.
Two artists have taken legal action to demand clarification from the SEC over the status of NFTs.
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May.
Yuga Labs CEO Greg Solano said intricate corporate processes muddied the company’s creative spirit.
NFT platform Magic Eden recorded an NFT trading volume of $756.5 million in March, surpassing its rival Blur.
Binance said it was dropping support for Bitcoin Ordinals as part of its efforts to streamline product offerings.
The CryptoPunks collection recorded another $16-million transaction this month as CryptoPunk #7804 sold for 4,850 ETH on March 20.
Solana-based nonfungible tokens have reached a new milestone, hitting $5 billion in all-time sales volume in February.
Collectible firm Panini announced the launch of World Wrestling Entertainment’s digital Donruss Elite card set on its blockchain.
According to Nathan Chastain’s legal team, the information he used to profit off NFTs in the marketplace was not considered “protected property.”
Executives working in the gaming industry weighed in on potential Web3 gaming trends in 2024.