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Bitcoin NFTs

Bored Ape Sells for $1.43M Amid 8.78% NFT Market Decline This Week

Bored Ape Sells for .43M Amid 8.78% NFT Market Decline This WeekNFT sales experienced a dip this week, dropping 8.78% compared to the previous seven days. Total sales amounted to $77.46 million, with a sharp decrease in both buyers (down 64.47%) and sellers (down 66.40%). Bitcoin NFTs Surge 29.36% as Overall NFT Sales Dropped Over the past week, the digital collectible market struggled, bringing in $77.46 […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles Dominate

NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles DominateNFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%. Top NFT Collections See Gains This Week, Bitcoin-Based Nodemonkes Leads the Pack Throughout the last seven days, Ethereum-based […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

NFT Sales Drop 7.91% as Buyers and Sellers Pull Back Sharply

NFT Sales Drop 7.91% as Buyers and Sellers Pull Back SharplyOver the past seven days, non-fungible token (NFT) sales have dipped once again, sliding 7.91% compared to the previous week. The number of NFT buyers has taken a notable hit, plummeting 73.46%, and sellers are following suit, down 61.18% from last week. NFT Sales Total $74.86M in a Week Marked by Buyer Decline In the […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

NFT Sales Soar 24% as Ethereum Takes the Lead This Week

NFT Sales Soar 24% as Ethereum Takes the Lead This WeekBased on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms With Ethereum at the Helm Reaching $99M in […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

This Week’s NFT Sales Slump 11.66%—Will the Downtrend Turn Around?

This Week’s NFT Sales Slump 11.66%—Will the Downtrend Turn Around?In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks

NFT Sales Hit .42M With Ethereum Dominating, but Market Participation ShrinksBetween Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping by 86.34% and sellers by 77.25%. NFT Market Sees 6.29% Growth This past week, […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Study: Ordinals and Runes Reach $1 Billion Market Cap

Study: Ordinals and Runes Reach  Billion Market CapIn a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter

NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May.

In this week’s newsletter, read about Galaxy Digital using a nonfungible token (NFT) of a historic violin to secure a loan and how NFT sales volume plummeted in May. Check out what the United States Treasury Department thinks about NFTs and how Bitcoin NFTs reached a new milestone. In other news, Dapper Labs CEO Roham Gharegozlou claims that NFTs are not securities after reaching a settlement on the NBA Top Shot Moments lawsuit. 

Michael Novogratz’s Galaxy Digital and Animoca Brands co-founder Yat Siu tokenized a 300-year-old violin as collateral for a loan. Galaxy lent Siu an undisclosed amount, and to secure the loan, the Animoca executive used an NFT of the historic Stradivarius violin and the physical asset as collateral.

The violin was once owned by the Russian Empress Catherine the Great. Musical instrument auction house Tarisio traced the violin’s origins back over 300 years. Siu acquired the violin in a 2023 auction for $9 million.

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Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Bitcoin Leads 30-Day NFT Sales, Outpacing 24 Blockchain Competitors

Bitcoin Leads 30-Day NFT Sales, Outpacing 24 Blockchain CompetitorsWhile sales of non-fungible tokens (NFTs) have declined by over 38% in the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT collections all stem from […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]

Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says