Rising NFT Sales Highlight Market Recovery: $133M in Weekly Sales Recorded

June 8, 2024 Bitcoin.com

Rising NFT Sales Highlight Market Recovery: 3M in Weekly Sales Recorded

Bitcoin

During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week’s NFT sales showed a 7.51% increase after several weeks of decline. The seven-day sales totaled $133.19 million, involving nearly […]

Exploring the Rise and Impact of Restaking

Meme Coin TROG Boosts Donald Trump’s Crypto Holdings to $31M

June 5, 2024 Bitcoin.com

Meme Coin TROG Boosts Donald Trump’s Crypto Holdings to M

Arkham Intelligence

After less than a week, the 45th U.S. President Donald Trump has seen his cryptocurrency portfolio double in value. As the 2024 presidential candidate, he now holds $31.23 million in assets, thanks to a wave of donations. Trump’s Crypto Portfolio Doubles Donald Trump’s crypto wallet has grown significantly over the past five days, and data […]

Exploring the Rise and Impact of Restaking

Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO

June 4, 2024 Coin Telegraph

Dapper Labs’ M settlement reaffirms NBA NFTs aren’t securities: CEO

Coin Telegraph

Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.

Dapper Labs’ $4 million settlement agreement to end a class-action lawsuit against the firm reaffirms NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou.

The June 3 New York District Court filing shows Dapper Labs reached a settlement agreement with a class group of investors who had sued the firm in 2021, alleging it sold unregistered securities through its NBA Top Shot Moments NFTs.

In a June 4 X post, Gharegozlou claimed the case’s legal discovery found the NFTs were on “a decentralized public network,” which meant they “are not securities in the same way trading cards are not securities.”

Exploring the Rise and Impact of Restaking

NFT Sales Dip Again: Ethereum Leads as Market Declines by 7.03%

June 1, 2024 Bitcoin.com

Bitcoin

Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03% This week witnessed another seven days of subdued NFT sales, with Ethereum maintaining the lead and Bitcoin […]

Exploring the Rise and Impact of Restaking

Metaplex Announces Introduction of Hybrid Defi Protocol for Solana

June 1, 2024 Bitcoin.com

Altcoins

Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a fixed number of tokens assigned by the designers of each artistic collection. Metaplex Aims to Extend Hybrid […]

Exploring the Rise and Impact of Restaking

Ethereum Dominates NFT Sales Despite Overall Market Drop

May 25, 2024 Bitcoin.com

Bitcoin

Over the past week, non-fungible token (NFT) sales declined by 8.99%, amounting to approximately $137 million. Ethereum topped the charts with $43 million in sales, marking a 20.26% increase from the previous week. NFT Market Shrinks by 8.99%, Ethereum and Bitcoin Lead in Sales NFT sales experienced a decline this week, falling by 8.99% compared […]

Exploring the Rise and Impact of Restaking

Mid-May NFT Sales Drop by 8.97%, Top 4 Chains See Reductions

May 18, 2024 Bitcoin.com

7-day NFT sales

Between May 10 and May 17, non-fungible token (NFT) sales totaled $150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In February, from […]

Exploring the Rise and Impact of Restaking

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

May 11, 2024 Bitcoin.com

7-day NFT sales

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […]

Exploring the Rise and Impact of Restaking

Ghana Postal Company Launches ‘Crypto Stamp’ to Mark Ascension of Traditional Ghanaian Ruler

May 9, 2024 Bitcoin.com

bitcoin.com

The Ghana Post Company recently launched what it termed the first-ever crypto stamp to commemorate the 25th anniversary of the reign of a ceremonial ruler in Ghana. The managing director of the Ghana Post Company asserted that the crypto stamps would act as a bridge, linking the older and younger generations of Ghana. Crypto Stamp […]

Exploring the Rise and Impact of Restaking

NFT Market Sees Over 30% Decline in Weekly Sales

May 4, 2024 Bitcoin.com

7-day NFT sales

From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin and Ether Lead in Volatile NFT Market; Weekly Sales Down 30% […]

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