Recently, an artist called Pak sold 250,000 NFTs for $91.8 million on Nifty Gateway. Globally, this sale has been hailed as a revolutionary one. Between December second and fourth, Nifty Gateway offered Pak 'The Merge,' which was Pak's last project. It was offered as
As seen by previous week's NFT and metaverse transactions, digital land has been in great demand in what can only be described as a lucrative market. NonFungible.com, an industry-standard metrics platform, reports that over $300 million in NFT sales were made in the previous week. The Sandbox
According to Saxo Bank, as popular music streaming services like Spotify slash musicians' earnings, new technologies like nonfungible tokens (NFT) are expected to help artists reclaim their due share. Furthermore, music composers would benefit from NFT-based streaming services, according to one of Saxo Bank's "Outrageous Predictions
The majority of NFT transactions so far this year have come from retail customers, according to Chainalysis. In contrast, collectors and institutions have pushed the largest quantities. According to Chainalysis, more than 80% of all nonfungible token (NFT) transactions were valued at less than $10,000 in 2021. They were
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NFTs have opened up a whole new dimension of the economy, with the unique tokens representing digital art and other media. But is this all that is to the tokens? And what about the true ownership of not only the tokens but what finances it brings to the table? We
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Multi-billion companies like Toyota and Fidelity have already integrated blockchain in some of their crucial operations. While their company-specific objectives might be divergent, most are exploring and implementing blockchain solutions to, among other things, streamline operations and, most importantly, slash costs. Cost reductions and higher efficiency could mean the difference
A huge percentage of NFT and metaverse investments over the past week were on virtual land. According to data from NonFungible.com, investors spent a whopping $300 million on NFTs over the past week, and almost a quarter of this figure was spent on The Sandbox metaverse land. Popular decentralized
Leading NFT marketplace OpenSea has welcomed its first chief financial officer, and it is none other than Brian Roberts, the former CFO of ride-sharing app Lyft. According to a Bloomberg report, Roberts is interested in raising more funds for OpenSea’s booming NFT marketplace. He is also eyeing an IPO,
Following the launch of The Sandbox Alpha in November, the team behind the popular decentralized metaverse has decided to release a series of NFTs to mark the event. The Alpha collection has been broken down into four exclusive NFT drops, each offering a different experience. To mark the launch of
An NFT collector known as “P-Ape” has spent a whopping $450,000 on a virtual land on The Sandbox. Over the past week, The Sandbox, a virtual metaverse that allows players to play, build, own, and monetize their virtual experiences, announced that some plots of lands in the “Snoopverse” would
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In 2021, the NFT market experienced a huge boom, and more projects entered the market every day. In fact, Reuters reported that the NFT sales volume within the first half of the year surged to $2.5 billion. It further goes to show the growth of the NFT market and
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The Decentralized Finance (DeFi) market has had a tremendous year in 2021 in terms of Total Value Locked (TVL). According to a report by Market Forces, the DeFi market soared 335% to $85 billion within the third quarter of 2021. However, there is a pitfall with DeFi's shared-pool
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Some say trading’s about luck; others call it an extreme sport. There’s a special thrill that comes with executing the perfect trade, buying the dip, and selling at the market’s peak. For those newer to the scene, trading competitions afford the opportunity to learn and grow as
Facebook, now known as Meta, has decided to make it easier for crypto platforms to run their advertisements on its social media platform by lifting an earlier ban on crypto ads. The social media giant made the announcement via an official blog post earlier this week. Facebook has been very
According to industry insider and government advisor Whit Gibbs, the United States government is already mining Bitcoin. The claim was erroneously disclosed by Gibbs in a Dec. 1 interview with Anthony Pompliano on the Best Business Show, when the pair were discussing countries that are currently mining BTC. While most
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Could metaverse be the next big thing? Weeks after social media giant changed its name to Meta, financial services company Square has also taken the bold step of changing its name to Block. We’re changing our company name so we can give the full @Square brand to our Seller