NFT News and Digital Art & Tokenized Asset Market Updates
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Tokens without buyers: Why NFT marketplaces are shutting down
The NFT industry is losing some of its biggest trading platforms. Their disappearance raises questions about whether billions in trading activity could support sustainable businesses once the ...
Blur to shut down NFT marketplace frontend as trading activity collapses
A steep contraction in NFT trading is pushing Blur to wind down part of its marketplace operations while keeping its underlying protocol running onchain. The move also affects its Blend lending ...
Porsche ends Web3 project and PIONΞERS CIRCLE
Porsche is shutting down its Web3 project and PIONΞERS CIRCLE, ending an experiment that began with its 911 NFT collection nearly four years ago. The automaker did not give a specific reason ...
Porsche ends Web3 project as NFT trading activity fades
Nearly four years after entering the NFT market, Porsche is shutting down its Web3 project and the Pioneers Circle community. The move leaves the automaker’s 911 NFTs onchain with existing ...
Alchemy CTO: Blockchain could become the foundation of a national payment system
Blockchain is no longer a technology used only for cryptocurrencies. Today, companies are trying to integrate it into payments, banking services, and even the infrastructure of entire countries. ...
Justin Bieber's $1.3 million NFT loses 99% of its value
The Bored Ape Yacht Club NFT that Justin Bieber bought for $1.3 million in 2022 has lost around 99% of its value compared with the purchase price. Blockstream CEO Adam Back said the token is ...
Magic Eden legacy approvals expose $5.7 million in NFTs to exploit risk
A previously used approval setup on Magic Eden's EVM marketplace leaves certain NFT listings from 2024 vulnerable to a smart contract exploit. The issue affects assets tied to Limit Break's ...
Magic Eden security scare prompts whitehat NFT transfers
Concern over a potential vulnerability tied to Magic Eden is driving the emergency movement of digital collectibles from hundreds of wallets. A whitehat operation takes 3,832 NFTs into protective ...
Messi leaves Argentina team: What is his legacy in crypto?
Lionel Messi is leaving international football after a career that made him one of the most recognizable people on the planet. That fame also made him enormously valuable to an industry trying ...
Traders Union research: Most investors prefer liquid NFTs
An NFT may look expensive and in demand, but that does not necessarily mean it can be resold quickly. New Traders Union research shows which signals investors pay attention to when assessing ...
Few and Far founder faces U.S. fraud charges over investor fund misuse
Federal prosecutors are pursuing an NFT startup founder over allegations that money raised for a token-backed marketplace was diverted to personal spending instead of business development. The ...
Trading thin air: Why Binance is closing its NFT marketplace
Crypto exchange Binance has decided to shut down its NFT marketplace. This is another signal that non-fungible tokens are no longer of much interest to major platforms. The NFT hype is over, ...
Popular NFT marketplace shuts down after failed sale deal
Foundation, one of the most well-known Ethereum-based NFT marketplaces from the 2021 boom era, is shutting down. The platform’s management made the decision after a deal that was supposed to ...
