Tag: nft

NFT Sales Down, CryptoPunks Up 106%: What's Going On?

NFT Sales Down, CryptoPunks Up 106%: What's Going On?

• Facts

For many, the NFT market, once seen as an indomitable force of explosive growth and boundless potential, is now a shadow of that reality. As of this writing, recent figures indicate a precipitous drop in the total NFT sales volume. Conversely, the CryptoPunks collection is witnessing a stunning revival. This...

NFT Market Cools to $89.4 Million as CryptoPunks Buck the Trend

NFT Market Cools to $89.4 Million as CryptoPunks Buck the Trend

• NFT Drops

NFT sales have plummeted to one-sixth of the all-time peak at $89.4 million. Even in this recently cooled climate, CryptoPunks have proven themselves to hold a strong position. In fact, sales were up 106% on the year! This divergence is representative of the varied and complicated narrative developing in the...

NFT Sales Plunge, Punks Pump: Is This Web3's Canary in the Coal Mine?

NFT Sales Plunge, Punks Pump: Is This Web3's Canary in the Coal Mine?

• Commentary

Something feels off. Bitcoin is touching incredible new highs, and the entire crypto ecosystem is flourishing in this bullish environment. As NFT market songs, the chorus sounds quite different. Though overall sales are dropping, CryptoPunks – the pixelated godfathers of profile picture NFTs – appear to be moonwalking. Is this...

Nike's NFT Fiasco: Betrayal or Growing Pains for Web3?

Nike's NFT Fiasco: Betrayal or Growing Pains for Web3?

• Commentary

Nike, formerly the poster child for athletic excellence and breakthrough innovation, has met its moment. The new digital world comes with its challenges that the company must face head on. A proposed class-action lawsuit, spearheaded by an Australian resident, Jagdeep Cheema, seeks over $5 million in damages, alleging that Nike...

Nike's $5M NFT Lawsuit: A Wake-Up Call for Unregulated Crypto Assets?

Nike's $5M NFT Lawsuit: A Wake-Up Call for Unregulated Crypto Assets?

• Commentary

Nike's facing a $5 million lawsuit over its Nike-themed NFTs, led by an Australian resident, Jagdeep Cheema, and it's not just about refunds. This lawsuit was originally filed in the Eastern District of New York. It asks whether Nike deceived consumers regarding the safety and worth of its digital goods...

Nike Faces $5 Million Lawsuit Over NFT Offerings

Nike Faces $5 Million Lawsuit Over NFT Offerings

• NFT Drops

Nike’s upcoming lawsuit, which is centered around its non-fungible tokens (NFTs), could see plaintiffs in the case demand damages of more than $5 million. The complaint brings claims for violation of consumer protection laws in every state that loans were made to. The central dispute is around the claim that...

Nike NFT Lawsuit: $5M Claim & What it Means for Your Digital Assets

Nike NFT Lawsuit: $5M Claim & What it Means for Your Digital Assets

• Facts

Nike, the sportswear behemoth, is still battling a lawsuit related to its RTFKT subsidiary. This company, wholly-owned by the NFL, exists to create, buy, sell, and trade digital collectibles and NFTs. The case originally focused on claims that Nike abruptly terminated its collaboration with RTFKT. This sudden policy shift resulted...

NFT Transfers Simplified: Noves & Mint Blockchain Team Up!

NFT Transfers Simplified: Noves & Mint Blockchain Team Up!

• Facts

We know that navigating the NFT space can be like finding your way through an intricate labyrinth, particularly for those just starting out. As blockchain technology gains momentum, simplifying these cumbersome processes is key to broader adoption. That’s great work Mint Blockchain and Noves! Together they are building a powerful...

5 Ways Noves & Mint Unlock Southeast Asia's NFT Art Boom

5 Ways Noves & Mint Unlock Southeast Asia's NFT Art Boom

• Commentary

Southeast Asia is an incredibly vibrant and provocative art region, filled with game-changing experimentation that is far too frequently sidelined in the larger worldwide narrative. The advent of NFTs provides a once-in-a-lifetime opportunity. The issue though? The technology is super scary, a huge obstacle to entry for artists and collectors...

Noves Partners with Mint Blockchain to Streamline NFT Accessibility

Noves Partners with Mint Blockchain to Streamline NFT Accessibility

• NFT Drops

Noves and Mint Blockchain recently unveiled a partnership that seeks to make Non-Fungible Token (NFT) transfers more accessible and user-friendly. As a team, these three partners are seeking to demystify the NFT landscape. In doing so, it empowers users to manage and transfer their digital assets seamlessly, freely and privately...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...

Schiff's Crypto Ban: Is He Protecting Us or Silencing Innovation?

Senator Adam Schiff's proposed crypto ban, the COIN Act, aimed at preventing the President (read: Donald Trump) from dabbling in digital assets, raises a critical question: Is this genuine protection against corruption, or a veiled attempt to stifle innovation, especially for emerging markets? Let's be real, the optics are terrible....