“Blue-chip” nonfungible token (NFT) collections have seen their floor prices and market capitalization slide over the past 30 days, with some of the most well-recognized projects halving in value for these key metrics. Data collected on key Ethereum NFT projects by DappRadar shows the floor prices of established collections such as CryptoPunks, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC) and Moonbirds are at most down around 55% over 30 days. The MAYC is the worst off of the four, with the floor price diving 55% to 16.7 Ether (ETH), or $31,300 at the time of writing. The …

E-commerce giant eBay has officially launched its first nonfungible token (NFT) drop with a series of tokenized collectibles featuring National Hockey League legend Wayne Gretzky that went live on Monday. The NFT collection depicts animated versions of Gretzky that were inspired by Sports Illustrated magazine covers. They come in four different tiers of rarity including green at 299 editions each, gold at 199, platinum at 99 and diamond at 15. The collection is up for sale on eBay’s marketplace now. However, the limited-edition diamond, platinum and gold tiers worth $1,500, $100 and $25, respectively, have already sold out. According to …

Prices throughout the nonfungible token (NFT) market have suffered amid the broader market downturn, with the floor price of the Bored Ape Yacht Club (BAYC) collection dropping more than 50% since the beginning of this month. BAYC’s floor price dipped to $198,000 on Wednesday, signaling a 52% drawdown in dollar-denominated valuation from May 1, where the cheapest available Bored Ape cost $420,000. The lackluster market conditions also took their toll on the total number of BAYC sales, with sale volume down 117% week-on-week. Ape #6775 was purchased for 225.0 ETH https://t.co/4AkVT71PrF — boredapebot (@boredapebot) May 18, 2022 When looking at …

The founder of the $723.5 million Azuki nonfungible token (NFT) project “Zagabond” caused a sh*tstorm yesterday after revealing that they had previously worked on three abandoned NFT projects. After facing strong backlash from the NFT community, they have since apologized for their “shortcomings.” The three projects in question are Tendies and CryptoPunks copycats CryptoPhunks and CryptoZunks. “Zagabond” suggested all three had failed due to a lack of community support and other factors such as team members leaving or high gas fees on Ethereum. After releasing the blog via Twitter, most replies were in support of “Zagabond’s” honesty on the trial …

Iconic rapper Ice Cube — also known as O’Shea Jackson Sr. — has jumped on the Dogecoin (DOGE) bandwagon with his endorsement of an “incredible and historical” DOGE transaction. Cube’s entry into the wild world of Dogecoin is related to the BIG3 basketball league that he co-founded. The organization predominantly features former NBA stars in a three-on-three format as opposed to the regular five-on-five basketball games. Last month, the BIG3 launched a new ownership model for the league, which consists of selling tokenized stakes in each of the 12 teams. There are 1000 nonfungible tokens (NFTs) in total allocated to …

Although nonfungible tokens (NFTs) have been a part of the cryptocurrency market since 2014, interest and adoption has risen rapidly over the last two years. At their height in August 2021, the total trading volume of NFTs rose to over $5 billion, kickstarting what briefly came to be to known as “NFT Summer.” According to a report by CoinGecko, the NFT market is now expected to move more than $800 billion in the coming two years. The report, which mostly utilized investors from Asia and the Pacific, highlighted that of 871 respondents, around 72% of them already own at least …

The native tokens of move-to-earn lifestyle app STEPN swung higher on news that they would be available to trade on Coinbase, a U.S.-based crypto exchange. The price of STEPN's governance token Green Metaverse Token (GMT) rallied by nearly 20% to reach over $4 in the past 24 hours, hitting as high as $4.50, its best level to date. Similarly, the other STEPN token, called the Green Satoshi Token (GST), which players earn after walking, jogging and running outdoors with STEPN's "NFT Sneakers," gained 6.5% to about $6.25 on a 24-hour adjusted timeframe with a new record high of $7.20. STEPN …

The freshly launched Ethereum-based “Moonbirds” nonfungible token (NFT) project is soaring to the top of the trade volume charts after generating $290 million worth of sales in just four days. There are 10,000 computer-generated pixel owl avatar NFTs in total, which were promptly sold out on Saturday for a mint price of 2.5 Ether (ETH) per NFT, or $7,700 at the time of writing. The floor price, or minimum average sale, has since exploded on secondary markets, with OpenSea currently showing a hefty sum of 18.45 ETH, or $56,800 at the time of writing. BLOOD MOON RISING #moonbirds pic.twitter.com/Jm6bqBVuVF — …

Popular NFT collector “punk6529” today unveiled an ambitious open Metaverse project that is looking to attract 100 million users. The self-funded project is dubbed “OM” and aims to be an open platform that is built and shared by the community. The broader vision for the project is to launch 10 self-governing cities with a max population of 10 million each. The museum district of the first city (Genesis City) was launched in alpha mode earlier today, with punk6529 bullishly telling their 323,200 Twitter followers that it might be “the most high-end art NFTs ever displayed in one place.” A promo …

Ultimate Fighting Championship (UFC), the popular mixed martial arts organization, will be paying out Fan bonuses to its fighters in Bitcoin (BTC). The fan bonus will be paid out to the top-three fighters of the pay-per-view event in association with its official cryptocurrency platform partner Crypto.com. There will be a total of three Bitcoin fan bonuses of the night ranging from $10,000 to $30,000. Fans from around the globe can vote for the BTC bonuses of the night on the official Crypto.com website on the day of the event. The first Bitcoin fan bonus will be introduced during the upcoming …

A euphoric price rally by ApeCoin (APE) seen in mid-March appears to be exhausted already thanks to the coin's 70% drop in valuation in the past two weeks — and it may fall further in April. At the core of this bearish outlook is a rising wedge, a technical pattern that forms as the price consolidates upward inside a range defined by two converging ascending trendlines. In a perfect scenario, rising wedges resolve into a bearish breakout, confirmed by a decisive drop below the lower trendline that typically takes the price as low as the maximum wedge's height. ApeCoin has …

Delta, an investment tracker app that allows users to keep tabs on their stock and crypto portfolios, is now entering the nonfungible token realm with its NFT explorer services. The newly announced NFT tracker would allow users to track their NFT collections alongside their stocks and crypto holdings. With the new update, Delta users will be able to link their Web3 wallet to their native fund tracking account. The NFT tracker services would start with Ethereum wallets only, however, the firm confirmed the scope for multi-chain wallet support by the end of 2022. The NFT tracker and explorer services would …