Category: NFT News

As the NFT market continues to falter, Rodeo, a social NFT marketplace, has announced its closure—a significant development emblematic of the current challenges faced by the industry's ecosystem.Originally launched in March of last year through the Apple iOS store, Rodeo aimed to shift the focus of NFT collecting away from...

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...