Ethereum might be the king of smart contracts and the world’s primary hub for decentralized finance (DeFi) and non-fungible tokens (NFTs) activity but onchain data suggests that Bitcoin is ahead in user engagement, interpreted by the number of daily active users, and network activity is at acceptable, healthy levels, reading from the number of daily…
NFTs are becoming the next big thing in the crypto market as more investors get on board with projects surrounding them. Non-fungible tokens like the “Stoner Cats” NFTs was released with huge success in their communities. Non-fungible tokens which mostly revolved around art when they were first released has now expanded into a wider domain.…
The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that would satisfy and attract any…
Platinium Group, the premier ticket provider for Grand Prix events, has joined forces with an NFT marketplace, Elemint; and a web3 company, Bary, to release a new NFT ticketing system on Polygon that debuted this weekend at the Formula 1 event in Monaco. Tickets for the Monaco Grand Prix, which is ongoing and started on…
Our Blue Chip NFTs 101 series is now approaching six months in the making, and we’ve taken healthy deep dives into some of the biggest NFT projects in the market; while everyone has heard of Bored Apes and CryptoPunks, we’ve taken the time to provide hefty due diligence around other major blue chip projects like…
Snoop Dogg has breathed new life into the NFT market, selling nearly one million digital collectibles via Telegram in just 30 minutes, raising $12 million and challenging the narrative that NFTs are fading away. However, for investors seeking an actual return, Bitcoin looks like the best bet and the fastest horse. On Wednesday, the legendary…
The crypto industry was born the moment Satoshi Nakamoto validated the first Bitcoin block, and it created a world of innovation and a sea of change. Now, more than a decade later, cryptocurrencies are the talk of finance, reaching widespread adoption at a hastening rate. Major financial firms are now either offering or accepting cryptocurrencies,…
Both BAYC and Mutant Ape Yacht Club (MAYC) NFT sales have risen since Eminem disclosed that he purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for $452K. Time For The Mutant Apes To Eat Last week, Mutant Ape Yacht Club topped other NFTs with a massive increase in sales volume. The initiative, which…
Visa now makes a full head plunge into the NFTs following its evaluation of the technology behind the assets. The global payment giant described NFTs as having the potential to serve as the engagement medium for fans. Visa made this description through its recent whitepaper publication. The publication suggests that Visa sees non-fungible tokens as…
In November 2024, the non-fungible token (NFT) market experienced a significant resurgence, with sales volumes soaring to $562 million—a 57.8% increase from October's $356 million and the highest monthly total since May's $599 million. This uptick was largely driven by blue-chip NFT collections. CryptoPunks, for instance, saw a remarkable 392% surge in sales volume, reaching…