News
Bybit is shutting down most of its Web3 services, including wallets and its NFT platform, to refocus on core offerings after a $1.4 billion hack.
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Latest News on NFT
What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well.
In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such.
Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.
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Emblem Vault CEO Jake Gallen says he lost over $100,000 in digital assets after a suspicious meeting on Zoom.
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The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million.
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A CryptoPunk NFT investor sold at a $10 million loss as top NFT collections struggle to recover from their 2021 highs amid falling trading volumes.
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OpenSea’s lawyers argue NFT marketplaces should be exempt from SEC regulation, as they don't fit the definition of a broker.
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NFT marketplace Magic Eden has acquired the crypto trading app Slingshot as part of a strategy to expand beyond NFTs.
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A Florida federal court judge has signed off on an $11 million settlement between retired pro basketball star Shaquille O’Neal and buyers of the Astrals NFT collecton.
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The NFT protocol's founder cited Polygon's flat TVL growth and Base's strength among retail users as reasons for the move.
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AI and social protocols saw a huge influx of daily active wallets, while non-fungible token and GameFi protocols declined.
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Telegram-based fantasy football platform utilizes blockchain tech to improve transparency and fairness.
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Bybit is shutting down its NFT and inscription marketplaces on April 8 as part of a broader strategy to streamline its offerings amid declining market interest.
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A former executive accused Blade of God X’s Web2 team of claiming cash prizes supposedly allocated to players.
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The firm behind the Gutter Cat Gang NFTs said “niche technical issues” prevented the GANG tokens from launching on ApeChain on March 31, as initially planned.
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NFT exchange X2Y2 will shut down after three years to pivot toward an AI-driven crypto project aimed at sustainable, utility-based value generation.
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NFT sales dropped 63% year-over-year in Q1 2025, but Pudgy Penguins, Doodles and Milady Maker outperformed the broader market.
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