While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. “Even though the overall market has been a bit soft, the year has been pretty good for Magic Eden,” he…
The non-fungible token (NFT) market has witnessed explosive growth, followed by significant downturns over the past few years. Despite the initial hype and heavy investment, it is now grappling with severe instability. According to a report from nftevening.com, a staggering 96% of NFTs are considered “dead” based on three factors…
Meanwhile, the NFT sector continues to struggle, with failure rates on the rise. A recent report revealed that 96% of NFT projects have failed, highlighting the challenges the industry faces. The Solana-based NFT marketplace Magic Eden announced a domain restructuring in a recent post on X (formerly Twitter), outlining a…
This notice, which often precedes legal action, suggests that the SEC believes OpenSea may have violated federal securities laws by facilitating the sale of NFTs that could be considered securities. Community Voices Clash Over SEC’s Crackdown on OpenSea Finzer quickly responded, expressing his shock at the SEC’s approach. He argued…
Cryptocurrencies of non-fungible token (NFT) marketplaces dipped during Wednesday U.S. morning hours following news of OpenSea facing potential U.S. regulatory action. Adding to earlier losses alongside a broad crypto decline begun Tuesday evening U.S. hours, Blur (BLUR) fell another 5% in the minutes following the news before a modest bounce.…
Secondary markets for trading points will provide access for people who want to reduce or increase exposure to points but are unable to do so, and improve price discovery, said Rumpel Labs CEO Kenton Prescott. The project is backed by some big-name VCs like Dragonfly and Variant. Rumpel Labs, a…
The non-fungible token market continues to navigate choppy waters in 2024, with June volumes hitting $300 million — a far cry from January’s high of $867 million. This decline reflects broader market trends, with NFTs feeling the pinch as one of the more speculative assets in the crypto ecosystem. Despite…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A wallet belonging to Jeffrey “Machi Big Brother” Huang moved all its BLUR, roughly $3.1 million,…
In the second quarter of 2024, Web3 user engagement hit an all-time high, with approximately 10 million daily unique active wallets (dUAW), marking a 40% increase from Q1. According to a July 4 report by blockchain analytics platform DappRadar, the unprecedented growth spanned various sectors of the decentralized application (DApp)…
An unfortunate user has been drained of their non-fungible tokens, worth hundreds of thousands of dollars, in a sophisticated phishing scam on the Blur marketplace. The loss, reported by 0xQuit on X, formerly Twitter, involved six Bored Ape Yacht Club NFTs, 40 Beanz, and three Elementals, all listed at one…