NFT | ForkLog - Part 7

ForkLog 20 31.05.2024

NFT Trading Volume Plummets by 56% in May

Despite a recovery in April, NFT sales in May fell by 54% to $630 million, according to CryptoSlam data. NFT trading dynamics for May. Data: CryptoSlam. Leading platforms, including Bitcoin, Ethereum, and Solana networks, showed a decline in activity. Top 10 blockchains by NFT sales volume. Data: CryptoSlam. The trading volume of non-fungible tokens in […]

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ForkLog 10 30.05.2024

US Treasury Criticizes NFTs for Fraud Risks

The non-fungible token (NFT) sector is vulnerable to fraud and facilitates the laundering of illicit funds, according to a report by the US Department of the Treasury. The department conducted its first analysis and assessment of the NFT sector. The document states that such assets are often used to legalize illegal proceeds but are rarely […]

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ForkLog 36 10.05.2024

Magic Eden Surpasses Blur in NFT Trading Volume

In April, Magic Eden claimed the top spot in NFT marketplace trading volume, reaching $486 million. Blur, for the first time since its launch, fell behind by $108 million, according to a report by DappRadar. Source: DappRadar. Experts attributed the platform’s surge to its support for Ordinals, with trading of tokens issued via the protocol […]

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ForkLog 135 26.04.2024

Justin Bieber’s NFT Investments Plummet by 95%

In 2022, pop star Justin Bieber acquired NFTs valued at approximately $2 million, which are now worth just over $100,000. Losses have reached 94.7%, according to Arkham Intelligence. Justin Bieber NFT Purchases: Down 94.7% Did you know that Justin Bieber bought more than $2M of NFTs during 2022 — now worth barely over $100K. His […]

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ForkLog 35 26.04.2024

TON Foundation to Distribute $600,000 to NFT Traders and Holders

TON Foundation is distributing 105,600 TON (approximately $600,000) to the most active traders and NFT holders on the marketplaces Getgems, xRare, and TON Diamonds. ? $600K airdrop to NFT traders and holders! ? TON Foundation is airdropping 105,600 $TON to the most active NFT traders and holders on @getgemsdotio, @xrarenft, and @TonDiamondsNFT. If you’ve been […]

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ForkLog 85 16.04.2024

Bored Ape Yacht Club NFT Prices Plummet 90% from Peak

The floor price for NFTs from the Bored Ape Yacht Club (BAYC) collection has plummeted from a peak of 128 ETH to 11 ETH, marking a 90% decline, according to NFTPriceFloor. BAYC floor price dynamics. Data: NFTPriceFloor. The last time the metric showed such low values was in August 2021, at around 9.8 ETH. BAYC […]

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ForkLog 16 15.04.2024

Stepn Announces Partnership with Adidas for NFT Sneakers

The team behind the M2E project Stepn, based on Solana, has agreed to collaborate with Adidas. The partners will release 1,000 branded NFT Genesis Sneakers with bonuses for owners. The tokens will be available on April 17 on the Mooar platform. The collection is based on “the most iconic Adidas sneaker silhouettes.” “This is the […]

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ForkLog 97 13.04.2024

Trump’s NFT Collection Trading Volume Plummets by 99%

Over the past month, trading volume for the first NFT series of former U.S. President Donald Trump has dropped by 99%, according to The Block. Released in 2022, the Trump Digital Trading Cards collection includes 45,000 tokens depicting the former president in various guises, including as a superhero with laser eyes. In March 2023, trading […]

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ForkLog 21 11.04.2024

MetaMask Introduces Airdrop and NFT Verification Feature

The cryptocurrency wallet MetaMask, developed by ConsenSys, now allows users to verify their eligibility for airdrops through integration with the on-chain project Daylight. ?Verify airdrop eligibility in seconds! We’ve partnered with @Daylight to help users check if they qualify for any airdrops in the ecosystem. ☀️ Head over to the Explore tab on MetaMask Portfolio […]

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ForkLog 11 04.04.2024

Binance to Cease Support for Bitcoin Inscriptions on NFT Platform

On April 18, Binance’s NFT marketplace will halt support for deposits, trading, and staking of Bitcoin NFTs. The team explained the decision as part of “efforts to optimize product offerings” on the platform. From the specified date, all listing requests will be automatically canceled. Affected funds must be withdrawn by May 18. Among users of […]

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ForkLog 38 25.03.2024

Kevin Hart’s BAYC NFT Sells at a 76% Discount

The non-fungible token #9258 from the Bored Ape Yacht Club (BAYC) collection, once owned by American comedian Kevin Hart, was sold for 13.65 ETH (~$47,000). Source: Blur. According to on-chain data, Hart purchased this NFT in January 2022 for 79.5 ETH ($200,000 at the time of the transaction). The token has depreciated by approximately 76%. […]

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ForkLog 30 21.03.2024

OpenSea to Launch New NFT Protocol Version with Plugins

OpenSea and the developers of Seaport have unveiled Seaport 1.6, the latest iteration of the NFT marketplace protocol within the EVM ecosystem. OpenSea and the Seaport Working Group are thrilled to unveil Seaport 1.6 — the latest generation of the most advanced NFT marketplace protocol in the EVM ecosystem. Seaport 1.6 introduces a new capability […]

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