NFTs
Bored Ape Yacht Club Creator Yuga Labs Acquires NFT-Focused Project PROOF
Web3 and non-fungible token (NFT) development company Yuga Labs has acquired NFT collective PROOF and its assets, according to a new announcement. Yuga Labs, the creator of some of the biggest NFT collections like Bored Ape Yacht Club (BAYC) and TwelveFold, says the acquisition is part of its goal of being “the front door of […]
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Number of Non-Fungible Token Mints on the XRP Ledger Surged by More Than 400% in 2023 Q4, According to Ripple
Non-fungible token (NFT) activity is exploding on the XRP Ledger (XRPL), according to a recent update from Ripple. In a new quarterly report, Ripple notes that more than half of all the NFTs ever minted on the XRPL since the release of the XLS-20 standard in 2022 happened in the fourth quarter of 2023. The […]
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New Modular Blockchain Altcoin Surges More Than 96% Just Two Days After Mainnet Launch
A brand new altcoin surged by more than 96% over the last three days after its mainnet went live earlier this week. Dymension (DYM) is a layer-1 blockchain that aims to serve as a network for “RollApps,” which the project defines as fast modular chains that work for games, decentralized finance (DeFi) protocols and non-fungible […]
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Gaming NFT Marketplace Altcoin Surges More Than 35% in 24 Hours, Defying Crypto Market Doldrums
The native altcoin for a gaming-focused non-fungible token (NFT) marketplace surged more than 35% in a 24-hour period this week, defying the overall crypto market doldrums. Prom (PROM) bills itself as a “decentralized, confidential, and safe” ecosystem for exchanging and renting NFTs. The project’s native token, PROM, is up 36.3% in the past 24 hours […]
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Dogecoin Developer Deploys Classic First-Person Shooter ‘Doom’ on DOGE Network – Here’s How
A Dogecoin (DOGE) developer is powering an old school first-person shooter on the memecoin’s network using “doginals” – the dog-themed asset’s version of Bitcoin (BTC) ordinals. In a new thread, developer Mini Doge says he’s deployed Doom, a ’90s game that pits players against demons on Mars, using doginals. Doginals permanently inscribe information on small […]
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Avalanche Foundation Release Eligibility Criteria for $100,000,000 Memecoin Fund
The Avalanche Foundation says it is funding select memecoins, non-fungible tokens (NFTs) and other similar crypto assets through its Culture Catalyst program. In 2022, the non-profit organization behind the layer-1 blockchain Avalanche (AVAX) launched the Culture Catalyst initiative to support community coins created for culture and engagement. In a new statement, the foundation says it […]
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NFTs, Memecoins and Six Other Topics To Drive Crypto Markets in 2024, According to Analytics Firm
Blockchain analytics platform Santiment is listing the major narratives that are likely to prevail in the crypto space this year. Starting with non-fungible tokens (NFTs) and memecoins, Santiment says that the two crypto sub-sectors are “always primed for a sudden surge of interest.” As an example, Santiment says that the rise in interest in the […]
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Bitcoin-Based NFTs See Record $881,223,753 Worth of Sales in December: On-Chain Data
Non-fungible tokens (NFTs) on the Bitcoin (BTC) blockchain saw blockbuster sales in the month of December, according to on-chain data. According to data obtained from blockchain data aggregator CryptoSlam, Bitcoin NFT sales reached over $881 million in sales last month, a new high for 2023. BTC NFT sales obliterated the previous sales record of $375 million […]
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Avalanche (AVAX) To Go Ape? Ethereum-Rival Aims To Promote Memecoins With New Culture Catalyst Initiative
One rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor. In a new announcement, layer-1 blockchain Avalanche (AVAX) says that it intends to start promoting its Culture Catalyst initiative, which launched last year and aims to support memecoins, gas […]
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