Highlights Animoca Brands has successfully acquired Somo, a company focused on gaming and digital collectibles. The global NFT market cap witnessed a significant increase of 20% during the initial weeks of 2026. Despite this uptick, the NFT sector remains down 59% compared to last year's peak market cap. Introduction to...
Category: NFT News
NFT Paris Scraps Conferences: How the Market Crash Impacted Us Deeply!
Highlights: - The NFT market capitalization plummeted from approx. $9 billion to just over $2.7 billion from January 2025 to January 2026. - Organizers of NFT Paris and RWA Paris have cancelled their conferences, attributing the decision to the market's collapse. - Major NFT platforms are pivoting operations in response...
Nikes Surprising Move: Selling RTFKT Following NFT Studio Closure!
Highlights Nike has reportedly sold RTFKT, the digital collectibles studio it acquired during the NFT boom. The sale marks a significant retreat from Nike's ambitious Web3 strategy amid declining NFT market conditions. The exit has fueled controversy, with a class-action lawsuit from NFT holders alleging value loss from the company's...
Uncovering the December Exploit: How $3.9M Was Lost to Counterfeit Tokens in the Flow Network
Highlights: - A protocol-level exploit on the Flow network led to an estimated loss of $3.9 million due to counterfeit tokens. - The Flow Foundation quickly halted operations to contain the breach, preventing further financial damage. - Steps have been taken to fortify the system against future hacks, including vulnerability...
The NFT Market Dips to 2025 Lows: Whatโs Causing Buyers and Sellers to Retreat?
Highlights: NFT market valuation plunges to $2.5 billion, a 72% decrease from January's peak of $9.2 billion. Both buyer and seller participation in the NFT market saw significant declines, marking a downturn in sales activity. While top NFT collections faced price drops, some niche art-focused collections showed resilience amidst the...
