PayPal's policy update, effective May 20, 2024, will remove NFT transactions from its purchase protection.
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NFTs
Meme Coins Surge While NFTs Navigate a Rough Patch
As the crypto landscape undergoes a dramatic transformation in early 2024, meme coins have taken center stage, delivering unprecedented gains. Against this backdrop, the NFT market contends with a downturn, setting the stage for a potential comeback fueled by innovative projects and a reinvigorated focus on utility and technology. The Tale of Two Trends: Meme […]8 Blockchain Giants Log $3.77 Billion in NFT Sales in Q1 2024
Despite experiencing a downturn for four straight weeks, eight blockchain networks logged $3.77 billion in non-fungible token (NFT) sales in the first quarter of 2024. Leading the charge, Ethereum-centric NFTs accounted for $1.4 billion or 37% of the NFT sales during Q1 2024. The Dual Forces of Organic NFT Sales and Wash Volume Across Several […]Top-100 Altcoin Surges Over 2x in a Week Amid a Slate of New Features and Partnerships
A top-100 altcoin has more than doubled up during the last week as it announces a host of new partnerships and features. New data reveals that Core (CORE), a layer-1 blockchain that leverages the advantages of Bitcoin’s (BTC) proof-of-work network, has skyrocketed over the last seven days. On March 29th, CORE was trading for $1.07. […]
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Binance to cease support for Bitcoin Ordinals by April 18
OpenSea debuts ERC-721C standard for programmable creator earnings
Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Social Media, Says Kevin Lu
According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s not intended to replace today’s traditional social media platforms, socialfi addresses “significant value gaps in current consumer products,” said […]Cryptopunk #7,804 Sells for $16.38 Million, Second Most Expensive Sold in the Collection
On Wednesday, March 20, 2024, Cryptopunk #7,804 exchanged hands for a sum of 4,850 ethereum (ETH), equivalent to $16,382,444. This transaction marked it as the collection’s second highest-priced non-fungible token (NFT) sale. It surpassed the transaction of Cryptopunk #3,100, which was clinched 16 days earlier for 4,500 ETH or $16,010,724. The record for the priciest […]Wu-Tang Clan’s Ghostface Killah enters the blockchain to drop new tracks as Bitcoin Ordinals
Coffee Giant Starbucks Announces Shutdown of NFT Rewards Program
Starbucks is shutting down its loyalty program that rewards participants with non-fungible tokens (NFTs) minted on the Polygon (MATIC) blockchain. The world’s largest coffeehouse chain rolled out the Starbucks Odyssey program for beta testing in December 2022. Members complete themed activities to earn NFTs called “Journey Stamps” and bonus points to access benefits and interactive […]
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