Tag Archives: Non-Fungible Token (NFT)

The world of NFTs continues to boom as more and more people seem attracted to the idea of scarce digital art. However, while some projects are surging in value, others are on a rather downward slope. Data reveals that over the past three months, the floor price, which is the lowest price for a non-fungible token (NFT) from a certain collection, for the Board Ape Yacht Club NFTs increased by a considerable 35%. As CryptoPotato reported earlier in December, the floor price for...

Non-Fungible Tokens (NFTs) are becoming an essential part of the digital landscape. They are unique and non-interchangeable crypto assets issued on the blockchain, and the most popular ones are on Ethereum and Solana. As of 2022, their market has grown from $350 million to roughly $15 billion in just one year. Quick Navigation Unlike standard tokens, NFTs are non-interchangeable. They serve as digital representations of items, such as artworks, images, videos, or anything...

E11EVEN Partners – the brand behind the famous disco club in Downtown Miami, the E11EVEN Voda, and the E11EVEN Hotel & Residences, purchased Ape #11 of the Bored Ape Yacht Club for 99ETH ($396,000 at the moment of the transaction). Thus, the company put its name next to Steph Curry, Post Malone, and others who acquired NFTs from the same collection. E11EVEN Deepens Crypto Foray According to a recent press release, Bored Ape number 11, one of the 10,000 NFTs in the Bored...

Ozzy Osbourne has announced entering the crypto industry with the launch of his very own NFT collection – Cryptobatz. He is paying tribute to one of the most iconic (or bizarre as some may say) moments in music history. With the NFT debut, the former Black Sabbath singer now joins a long list of proponents that includes American heavy metal bands – Megadeth and Avenged Sevenfold – among others. Ozzy Enters NFT Space Osbourne’s tryst with bats isn’t new. His latest NFT...

Ray Dalio – a prominent investor and founder of Bridgewater Associates – believes humanity is entering an era where there will be a competition of money, and bitcoin will be part of that contest. The primary cryptocurrency is also an alternative to gold, the billionaire added. ‘Bitcoin Has Proven Itself’ The 72-year old American has not always been such an advocate of the leading digital asset. At the beginning of 2020, he said bitcoin fails to serve the purpose of money and...

Reports emerged earlier today indicating that the team behind MetaSwap – a protocol enabling NFT swaps over Ethereum, Binance, and Polygon – has stolen 1,100 BNB. Shortly after, the native token tanked. The blockchain security and data analytics resource – PeckShield – detected suspicious behavior coming from the MetaSwap team and suggested a soft-rug pull. More precisely, the company said the team behind the NFT swapping platform had stolen 1,100 BNB (worth appr. $605,000)...

Yesterday, we saw the floor price for NFTs from the Bored Ape Yacht Club (BAYC) collection surpass that for the famed Crypto Punks for the first time. The Flippening Data from OpenSea shows that yesterday, the floor price of the BAYC NFT collection was at 54 ETH, while the floor price of an NFT from the CryptoPunk collection was 52.8 ETH. In other words, we witnessed the first-ever flippening in the world of NFTs, where the most expensive collection officially was the Bored...

Former US President Donald Trump is no fan of cryptocurrencies, and he is making that known once again. The only currency he wants is the US Dollar. Trump has been a critic of cryptocurrencies for quite some time now, and this outlook isn’t changing anytime soon. Even if the former FLOTUS Melania Trump has warmed up to the idea of NFT and digital assets, her husband still believes that cryptocurrencies are dangerous. Donald Trump Weighs on Crypto: Still Not a Big Fan In a...

Xinhua News Agency, a Chinese state-run media company, has revealed that it will soon issue China’s first “news digital collectibles” in the form of non-fungible tokens (NFTs), Xinhua Launches NFT Collection In an official announcement on Wednesday, Xinhua will issue a total of 110,001 copies of unique photographs taken by journalists in 2021. According to the announcement, the digital items will be made up of 11 collections consisting of 10,000 copies, each with one special...

Golden State Warriors point guard – Stephen Curry – is widely regarded as one of the best shooters in the history of the National Basketball Association. On Monday (December 20), he proved his legacy by scoring the 2,974 3-pointer in his career and thus surpassing Ray Allen’s record. To celebrate this achievement, Curry launched an NFT collection consisting of every 3-pointer he has netted in his NBA appearances. Each collectible is priced at $499 as the athlete will donate...