NFT Market in Freefall: June Sales Crash 47% as Bitcoin Ordinals Lose Steam and Solana Takes the Lead
TL;DR Global NFT sales volume plummeted 47% to $476.3 million in June 2024, continuing a brutal multi-month downturn. Bitcoin Ordinals […]
NFTs
Non-fungible tokens, digital art, and collectibles market updates
Pudgy Penguins Parent Igloo Acquires Frame to Build AbstractChain as NFT Market Faces June Downturn
The NFT market experienced a turbulent end to June 2024, with major collections seeing significant declines in sales volume even
Celebrity Memecoins Echo the 2021 NFT Craze and Signal Market Exhaustion
A familiar pattern is playing out in the crypto markets of mid-2024. Just as celebrity-endorsed NFT collections flooded the space
CryptoPunks Tops $1.34M in Daily NFT Sales While Logan Paul Sues Coffeezilla Over CryptoZoo
The NFT market on June 27, 2024, offered a study in contrasts. On one hand, blue-chip collection CryptoPunks dominated daily
NFT Market Faces Uncertainty as Bitcoin Crash and Mt. Gox Fears Shake Investor Confidence
The NFT market enters a period of heightened uncertainty on June 23, 2024, as Bitcoin’s dramatic plunge below $64,000 sends
Igloo Inc. Launches as Pudgy Penguins Parent Company in Bold NFT Ecosystem Play
The NFT space is witnessing one of its most ambitious corporate consolidations as Pudgy Penguins, the beloved digital collectible brand,
Solana-Based NFT Platform Defies Market Downturn With 30% Weekly Surge as Luxury Brands Face NFT Lawsuits
While the broader cryptocurrency market struggles with declining prices and shrinking NFT trading volumes, a Solana-based NFT platform is bucking
Ethereum NFT Daily Traders Crash Below 4,000 as Market Downturn Accelerates Digital Collectibles Decline
The Ethereum NFT market hit a sobering milestone on June 15, 2024, as the number of daily NFT traders on
NFT Market Faces Headwinds as Daily Ethereum Traders Drop Below 4,000 While zkSync Launches Massive Airdrop
The NFT market enters a period of sharp contraction as daily Ethereum NFT traders fall below the 4,000 threshold for
TON Blockchain Hits All-Time High as Telegram Stars Ignites NFT Market Surge
The cryptocurrency market watches as Toncoin (TON) reaches an all-time high of $8.25 on June 15, 2024, fueled by the