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...
Category: NFT News
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...
2025 NFT Market: Supply Soars While Sales and Prices Dwindle!
Highlights In 2025, the NFT market saw a dramatic increase in supply, reaching over 1.34 billion tokens, while sales plummeted to $5.63 billion, a decline of 37% from the previous year. Despite a 35-fold growth in NFT supply since 2021, the average sale price fell to $96, indicating a shift...
From Festive Fun to Frigid Falls: Memecoins Plunge 65% in Just One Year!
Highlights Memecoins have experienced a drastic decline in value, falling 65% to $35 billion, marking their lowest valuation of 2025. The speculative market for memecoins was significantly influenced by political narratives, particularly those surrounding major elections. Non-fungible tokens (NFTs) mirrored this trend, hitting their lowest point of 2025 with valuations...
