Tag: closures

NFT Marketplaces Face Closures Amidst Plummeting Sales, Shifting Strategies Emerge

NFT Marketplaces Face Closures Amidst Plummeting Sales, Shifting Strategies Emerge

• NFT Drops

The NFT bubble, defined by rampant speculation and crypto money laundering, has popped. Macro markets are retrenching, trading volumes are tanking precipitously, and various NFT marketplaces have ceased operations. Monthly trading volumes have collapsed by more than 90%. They dropped 99% from a high of $5 billion in January 2022...

Further Reading

A16z Invests $70M in EigenLayer Tokens as Eigen Labs Unveils EigenCloud

EigenLayer is about to release a new version with big improvements to EigenDA and a preview of EigenVerify. This announcement is timed just as Andreessen Horowitz’s digital asset investment arm increases its investment in EigenLayer. With their recent $70 million token purchase they’ve made a big play in this arena....

Xynth88 Launches on LINE MINI App, Unveiling New Web3 Gaming Experience

Xynth88, a blockchain-based game representing an expansion of all things possible, is now available for download on LINE MINI App. The game’s title, THE LAST RUNNER, beckons gamers to join an eternal pursuit across future cityscapes drenched in neon. It adopts “X” to denote the unknown and “88” as the...

Crypto Market Navigates Geopolitical Tensions, JD.com Eyes Stablecoin Expansion

Under the leadership of founder Richard Liu, JD.com is moving to offer stablecoin services around the planet. The tech giant hopes to improve cross-border payments with the effort. UK institutional investors are preparing to pour billions into crypto exchange-traded products. This is a particularly exciting development in that it represents...

Avalanche, Playfull, and Magic Eden Unite to Launch Free Gaming Battle Pass NFT

This free-to-mint NFT provides access across games and grants in-game currency to players within Avalanche blockchain’s rapidly expanding gaming ecosystem. Launched earlier this week, the Avalanche Battle Pass can be purchased through the Magic Eden NFT marketplace. This cross-play advancement looks to simplify the gaming ecosystem, offering a singular experience...

Wall Street Pepe's Token Surges Amid NFT Launch and Trading Success

Wall Street Pepe ($WEPE) is the name of a crypto trading group known for its meme war tactics and aggressive trading. In June, their token price moonshot by 233%! This increase comes just as the release of its NFT collection has started to gain momentum. Brace yourself for 5,000 one-of-a-kind...

Colle AI Unveils Real-Time NFT Design and Prototyping Tools

Released a suite of AI-powered tools. These tools enable NFT creators to unleash their creativity with real-time design and prototyping features. These tools allow developers and artists to immediately visualize design and compatibility changes, previewing how their NFTs will work seamlessly across multiple blockchain ecosystems. This trailblazing platform is designed...

Dogecoin and BlockDAG Emerge as Top Crypto Contenders for New Investors

Dogecoin’s shiba-inu cartoonishness and overall simplicity makes it an easy entry point. Its low transaction costs have ushered in millions of newcomers to the cryptocurrency market. Dogecoin is still a veteran gateway coin for many. Fast forward to 2025, and all of a sudden, BlockDAG was a slam dunk for...