Category: NFT News

US prosecutors have decided not to pursue a retrial against Nathaniel Chastain, a former manager at the nonfungible token platform OpenSea, in a case that involved wire fraud and money laundering allegations. This decision follows a significant July ruling by a federal appeals court that overturned Chastain's prior convictions. According...

Highlights Rodeo NFT marketplace announces closure due to sustainability issues amid declining market conditions. Users can transfer their assets and data to platforms like Arweave, with assistance provided by Rodeo. Nifty Gateway, another major NFT platform, has also announced its winding down, giving users an extended timeline for asset transfers....

Highlights Nifty Gateway, a prominent NFT marketplace, will cease operations on February 23, 2026, in response to the NFT market's ongoing downturn. The platform, which once facilitated over $300 million in sales, is transitioning to withdrawal-only mode, allowing users to retrieve their assets with a deadline imminent. The wider NFT...

Highlights: - Traditional crowdfunding models often fail artists during downturns, leaving them without crucial financial support. - Decentralized crowdfunding allows direct artists’ funding, enhancing transparency and community engagement. - The success of decentralized crowdfunding in tough markets demonstrates the ongoing value of community and conviction over speculative trends. Introduction to...

Highlights OpenSea delays the launch of its native token SEA due to unfavorable market conditions. The SEA token aims to provide discounted trading fees and additional incentives for creators and users within the platform. The NFT market continues to face challenges, with significant declines in trading volume in recent months....