Category: NFT News

Highlights: - The NFT market has dropped below $1.5 billion, returning to pre-2021 levels, alongside a general downturn in the cryptocurrency market. - A significant imbalance is emerging between NFT supply and buyer demand, leading to a reduction in sales and prices. - Multiple high-profile corporate exits and platform closures...

HighlightsMagic Eden anticipates a "speculation supercycle" in the crypto industry, driven by the rise of prediction markets.Prediction markets hit a record trading volume of $814.2 million, showcasing significant growth in the betting and speculation sectors.The launch of Dicey, a crypto casino and sportsbook, is part of Magic Eden's strategy to...

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...