The market for nonfungible tokens (NFTs) might be struggling during this “NFT Winter,” but there are signs of life if you know where to look.
Bitcoin Ordinals volume hits $210M in Q2 – DappRadar
The advent of Bitcoin Ordinals NFT inscriptions led to more $210 million in trading volume through the first half of 2023.
Meta pulling the plug on NFTs across Instagram and Facebook
The short-lived NFT features were first launched in May 2022, but Meta’s financial technology lead said it’s “winding down” the tools to focus elsewhere.
Chinese court says NFTs are virtual property protected by law
The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.
Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more
Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.
MATIC price eyes 200% gains on Polygon adoption by Instagram, JPMorgan
Polygon’s list of high-profile partners is getting longer, with Disney, Starbucks and Robinhood already boarding its blockchain.
Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more
The latest Web3 offering from GameStop sees the official launch of its NFT market, and the Hong Kong government is testing a proof-of-concept NFT at a convention.
New Apple rules double down on 30% NFT ‘tax’ and geo-limits exchanges
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges.
Nifty News: OpenSea dominance fades, Azuki skateboards fetch $2.5M and more
The largest NFT marketplace is facing headwinds from its competition as OpenSea sees its market share slip whilst its rivals gain significant ground.
IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new ‘Digital Asset’ category.
Bored Ape creators and other NFT projects investigated by SEC probe
A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.”
Critics can’t stop NFTs from becoming a mainstay of daily life
Nonfungible tokens are about more than Bored Apes. They fulfill a host of functions better than existing systems.
Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model
Illuvium’s co-founder says they want to build a series of blockchain games connected to each other, forming an ecosystem of interconnected titles which share NFTs.
Bored Apes, Moonbirds to feature on NFT-customized Mastercard debit cards
The customizable card will only support NFT avatars from select blue chip collections, subject to Mastercard’s design standards and an owner verification process.
Throw your Bored Apes in the trash
From carrying medical data to streamlining royalty payments, NFTs serve a variety of important technological purposes. Bored Apes are a demeaning distraction.
Crypto developers should work with the SEC to find common ground
Developers, investors and regulators can establish best practices and raise the quality of cryptocurrency development by working together.
Bored Ape prices are down, but the NFT market is headed for new heights
One study indicated the NFT market is headed for a $230 billion valuation by 2030 — an increase of more than 20 times compared to its height in 2021.
NFTs and intellectual property, explained
When you buy a nonfungible token, do you automatically get intellectual property rights? Well… it’s complicated.
Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria
FLOW latest price rally has turned it into an “overbought” asset, which could amount to an imminent correction.
Nonfungible airdrops: Could NFA become the next big acronym in the crypto space?
Airdrops are a great marketing tool, but they can have downsides for crypto projects and investors alike. Is there a way around this?