Category: NFT News

Highlights Prosecutors will not retry the wire fraud and money laundering case against former OpenSea manager Nathaniel Chastain after an appeals court ruling. The appeals court overturned Chastain's convictions, asserting that the jury received improper instructions regarding the definition of property under federal law. Chastain’s case is pivotal as it...

Highlights Nifty Gateway announces closure, entering withdrawal-only mode by February 23, 2026. The platform facilitated over $300 million in sales at the peak of the NFT craze. Animoca Brands shows interest in NFTs with the acquisition of Somo amid market recovery signs. Introduction to Nifty Gateway's Closure Nifty Gateway, one...

Highlights Aave transfers stewardship of social infrastructure protocol Lens to Mask Network, maintaining open-source components. Mask Network will lead product development and user engagement while Aave shifts focus back to DeFi. Ethereum co-founder Vitalik Buterin endorses the transition, emphasizing the need for decentralized communication tools. Transitioning Control: A Shift in...

Highlights NFT Paris cancellation reflects tighter sponsorship budgets amid declining NFT activity, rather than merely falling prices. The NFT market continues to see transactions, but participants are increasingly price-sensitive and focused on utility. Conferences like NFT Paris can provide deeper insights into market health than traditional sales statistics. Understanding the...

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...