NFTs were undoubtedly the hottest topic of late 2021 and the beginning of 2022. Pushed towards mainstream adoption by projects such as the Bored Ape Yacht Club, Azuki, Okay Bears, and others, NFTs were booming.
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Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule.
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What is LooksRare? Launched on January 10, 2021, LooksRare is an NFT marketplace that is similar to its famous predecessor OpenSea. That being said, the new platform has stated that it wants to place the NFT community at the
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The popular NFT collection – Bored Ape Yacht Club – teamed up with the American magazine – Rolling Stone – to release special edition digital collectibles. This is their second collaboration between the two parties
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NFT marketplaces were hit hard in the crypto market crash of May which led to billions of dollars wiped off the sales volume of digital collectibles. NFT markets continue to attempt to recover from falling
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Leading Solana-based NFT marketplace Magic Eden has becomes a unicorn in less than a year since its launch last September. The latest fundraising round has pushed its valuation to $1.6 billion. The founders vowed to
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Foundation is an NFT marketplace that allows creators to buy and sell NFT art in an auction setting. Auctions run for 24 hours once a minimum bid is placed. The company was founded in 2020, and
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KnownOrigin is a dapp (decentralized application) that allows people to trade in non-fungible tokens. It serves as an art platform that runs on blockchain technology, allowing illustrators to mint rare digital art to be sold to
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The Central Bank of the Republic of China (Taiwan’s central banking institution) reportedly warned that the non-fungible token (NFT) sector is full of fake transactions. As such, it advised investors to beware when dealing with
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While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the
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