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New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases

[Jan 8, 2023 3:30 PM] The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw…

Report: Fanatics to Sell 60% of Candy Digital Stake Amid Struggling NFT Market

[Jan 5, 2023 5:30 PM] Fanatics, the retailer specializing in licensed sports merchandise, is divesting 60% of its stake in the non-fungible token (NFT) company Candy Digital, according to reports. The company is selling its Candy Digital stake to an investor group…

Magic Eden to refund users after 25 fake NFTs sold due to exploit

[Jan 4, 2023 8:49 PM] Over two dozen fake NFTs were sold on the Magic Eden marketplace over a 24-hour period due to a "massive exploit" on the platform.

NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week

[Dec 31, 2022 3:00 PM] Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip…

China to Launch ‘Digital Asset Trading Platform,’ Media Report Unveils

[Dec 29, 2022 10:30 AM] A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government…

Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted in 2022

[Dec 26, 2022 9:30 AM] Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in…

Russian Social Media Giant Vkontakte Launches NFT Service

[Dec 15, 2022 1:30 AM] Russia’s largest social network, Vkontakte, has launched a feature allowing users to upload digital collectibles to the platform. Account holders will also be able to buy and sell them in the future as the company intends to establish a marketplace…

Court in China Recognizes NFTs as Virtual Property Protected by Law

[Dec 6, 2022 4:30 PM] A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired…

Topps Sells out Crypto-Themed Garbage Pail Kids ‘Non-Flushable Token’ Cards

[Nov 18, 2022 9:30 AM] Amid the craziness tied to the FTX collapse, the latest Garbage Pail Kids (GPK) non-fungible token (NFT) collection takes aim at the crypto industry, roasting subjects like the LUNA collapse, Bored Ape Yacht Club, and Cryptopunks. Following the…