News with the tag "non-fungible token"

The once-booming NFT lending sector is struggling to stay afloat, with volumes plunging by 97% from their peak in January 2024, according to a new report from blockchain analytics firm DappRadar. The report reveals that the market, which once saw nearly $1 billion in monthly activity, has now shrunk...

LG, a global electronics conglomerate, has announced plans to end its Non-Fungible Token (NFT) platform, LG Art Lab. Introduced three years ago, the platform allowed users to buy, sell, and display digital art on LG smart TVs. Now, the South Korean multinational company is closing its NFT platform o...

The non-fungible token (NFT) market has been hit hard in early 2025, with trading volumes plummeting over 60% since December, reflecting the broader downturn in the cryptocurrency market. Despite signs of recovery in late 2024, the momentum seems to have stalled, according to DappRadar analyst Sara ...

After more than two years under regulatory scrutiny, Yuga Labs announced that the US Securities and Exchange Commission (SEC) has officially closed its investigation into the company without taking enforcement action. While the agency has not disclosed the specific reasoning behind its decision, the...

The U.S. SEC has officially closed its investigation into OpenSea, the largest Non-Fungible Token (NFT) marketplace. This comes after several recent events suggest a significant change in how the agency handles crypto rules. OpenSea Lawsuit End: New Era for Crypto Oversight? OpenSea has been under i...

Non-fungible token (NFT) giant OpenSea has halted its newly introduced airdrop reward system following widespread criticism from its user base. The move comes after concerns were raised regarding the platform’s experience points (XP) system, which users claimed encouraged wash trading, prioritized f...

U.S.-based art collective Kanbas made the largest non-fungible token (NFT) purchase in three years last week, scooping up a 1-of-1 artwork by Sam Spratt for $3 million. The artwork is called "X.Masquerade" and is the sixth chapter in the "Story of Luci." It ties into into an upcoming invite-only eve...

The non-fungible token (NFT) market has remained bearish despite the price stability experienced in the cryptocurrency sector. The crypto market cap rose to as high as $3.24 trillion from a previous $3.13 trillion. NFT Sales Plummet Despite Crypto Market Gains Data from CryptoSlam reveals the drop i...

Pudgy Penguins NFT holders have amassed significant rewards from a series of lucrative airdrops over the past year. The latest data suggest that this figure could be around $137,000 per NFT at peak valuations. Pudgy Penguins Holders Score Big According to CoinGecko’s latest report , the largest cont...

OpenSea, the popular Non-Fungible Token (NFT) marketplace, has launched its new OS2 platform in beta. According to a post on X , this updated version will change the NFT market with several new features. OS2 offers a lower marketplace fee, an airdrop of its new SEA token, and adds support for 14 new...