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Infinex NFTs top $40M sales in first four days, despite NFT bear market

The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.

Infinex’s latest non-fungible token (NFT) collection has amassed over $40 million worth of sales within the first four days despite the sluggish performance of the top NFT collections.

Infinex is a non-custodial platform offering easy access to onchain protocol and decentralized applications (DApps).

The platform’s new Patron NFT collection surpassed $40 million in sales within the first four days, according to an announcement shared exclusively with Cointelegraph.

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US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

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 […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability

2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market InstabilityA recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024 Bull Run Bypasses It As highlighted in nftevening.com’s 2024 report, […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip

Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market DipWhile non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

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 […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

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, […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

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, […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

Artists sue SEC over confusing security status of NFTs

Attorneys representing the artists drew parallels to Taylor Swift concert tickets, which are often sold on the secondary market.

Two artists have sued the United States securities regulator seeking answers on whether nonfungible tokens fall under the commission’s authority.

Attorneys representing the plaintiffs — law professor and filmmaker Brian Frye and songwriter Jonathon Mann — sought clarification on which acts could trigger US securities laws when creating and selling NFT art.

Attorneys have asked whether artists need to “register” their NFT art before selling it to the public and whether they must make public disclosures about the “risks” of buying their art, the July 29 court filing shows.

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US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

NFT Sales Dip 3.86% in the Past Week, Ethereum Dominates With $32M Revenue

NFT Sales Dip 3.86% in the Past Week, Ethereum Dominates With M RevenueOver the past week, non-fungible token (NFT) sales declined by 3.86% compared to the previous week. Leading the market, Ethereum-based NFT sales reached $32.81 million, which was approximately 10.06% lower than the previous week’s revenue. Weekly Digital Collectibles Sales Slide Following an 8% increase last week, sales of digital collectibles have declined. This week, NFT […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets

NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn

NFT Sales Rise 8% Higher Amid Broader Crypto Market DownturnOver the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales rebounded in the past seven days, climbing 8.1% to […]

US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets