China has declared that stealing digital collections, including NFTs (nonfungible tokens), is a criminal offense. This decision marks a significant shift in the legal treatment
Category: NFT News
NFT Giant OpenSea’s Valuations Tank By 90%, Here’s How
As per the latest report, the world’s largest NFT marketplace OpenSea has seen its valuations tank by a staggering 90% as one of its biggest
NFT Market Defies Odds, Weekly Ethereum Sales Soar Past 68K ETH
According to a recent report by Nansen, the NFT market is defying expectations as weekly Ethereum sales skyrocket, gaining attention from crypto market enthusiasts. Despite
Nike-RTFKT NFT Universe Soars to $1.4 Billion in Trading
The collaboration between Nike and digital art studio RTFKT has ushered in a new chapter in NFT trading, with their collections nearing a $1.4 billion
OpenSea Preps for OpenSea 2.0 with 50% Workforce Cut
OpenSea has taken a dramatic turn to streamline its workforce as CEO Devin Finzer announced a significant downsizing, cutting the employee roster by half. This
Magic Eden Suspends BRC-20 Trading to Protect Users
Non-Fungible Token (NFT) marketplace, Magic Eden has temporarily suspended the trading of BRC-20 assets on its platform as announced on the official Magic Eden on
Coinbase and OKX Have Partnered to Launch Blockchain Gaming Token BIGTIME
Coinbase, one of the largest cryptocurrency exchanges globally, has revealed the decision to include Big Time (BIGTIME) on spot market. This exciting project has been
Cristiano Ronaldo and Binance Unveil CR7 ForeverZone NFT Collection
In a recent partnership development, football star Cristiano Ronaldo and cryptocurrency giant Binance announced the CR7 ForeverZone NFT collection. This unique collection introduces 50,000 limited-edition
China Daily Allocates $390,000 for New NFT Platform Development
China Daily, steered by the Publicity Department of the Chinese Communist Party, has earmarked a substantial 2.813 million Yuan ($390,000) to create a new NFT
Yuga Labs Announces Layoffs, Refocuses on Core Strengths
Yuga Labs, the innovative force behind the Bored Ape Yacht Club and CryptoPunks announced a series of layoffs impacting its US teams. CEO Daniel Alegre