Solana (SOL) continued its two-week uptrend on March 30, rising in part owing to its integration with OpenSea, the world's biggest nonfungible token (NFT) by volume. SOL price rises to multi-week highs SOL's price gained 4.5% in the past 24 hours to around $117 per token, its best level since Feb. 11, 2022. The coin's latest move upside pushed its two-week paper returns to over 50%. Nonetheless, SOL/USD is still down 30% on a year-to-date timeframe, risking pullback as the price tested its 200-day exponential moving average (200-day EMA; the blue wave) near $120 as resistance. The 200-day EMA coincided …
Solana (SOL) NFT holders will soon have a new option for where to trade, with OpenSea teasing its integration of the Solana blockchain. A 16-second video shared by the OpenSea Twitter account opened with the phrase “wen solana???” being typed into a search box and revealed that Solana will be supported by the marketplace in April. The best kept secret in web3 pic.twitter.com/xuZn64cZ4U — OpenSea (@opensea) March 29, 2022 Rumors of OpenSea supporting Solana NFTs have circulated for months. Security researcher Jane Manchun Wong — who made Forbes 30 under 30 for her high profile tech leak scoops — shared …
ApeCoin (APE) continued its rebound move Thursday as the firm behind it raised hundreds of millions of dollars in a funding round led by Andreessen Horowitz. APE's price surged 7.5% intraday to reach around $14.50 per piece. Notably, the token's upside move came as a part of a retracement rally that started at the beginning of this week when it was changing hands for as low as $9.50. That pushed APE's week-to-date profits up by 50%, making it one of the best-performing digital assets since March 21. Big VC booster To recap, ApeCoin digital currency came to existence on March …
Limewire, a popular peer-to-peer file-sharing website from the early 2000s that went defunct in 2010, is making a reentry in the market with a digital collectible marketplace at the hands of its new owners. In an official announcement on Wednesday, the platform revealed its plans to launch a nonfungible token marketplace focused on the art and music industry. The NFT marketplace is expected to launch in May, and an official NFT with a token reward system is due later this year. The marketplace will be fully curated and is launching with major artist partnerships from the music industry. LimeWire has …
Some in the NFT community fear the market top may be in after Tai Lopez, the controversial entrepreneur and social media star, famous for his oddball marketing tactics, launched his own NFT project. Tai lopez has to be the top. this madness cant continue. — fxnction aka i gotabigdick.eth (@0x_fxnction) March 5, 2022 The NFT project is dubbed the “OG (original garage) Social Club” and pays homage to his highly memed-on ad from 2015 in which Lopez flaunted his Ferrari and the 2000 new books in his garage to promote his business courses of allegedly dubious value. The NFTs come …
The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down 12% compared to Jan.) that accounted for roughly $2.6 billion worth of sales (down 40% on the month before). A caveat to that however, is that January was a massive month for NFTs which may suggest the decreases in February are simply part of a relatively healthy pullback. January saw a record number of unique secondary NFT buyers at …
According to data from DappRadar, the NFT portfolios belonging to Iconic rapper Snoop Dogg and popular entrepreneur Gary Vaynerchuck are worth a combined $95 million. Vaynerchuck’s wallet holds the lion's share of the value with $81.89 million at the time of writing. His holdings include multiple NFTs from top collections such as CryptoPunks (he owns a whopping 60 in total), the Bored Ape Yacht Club and World of Women. Snoop Dogg's is an avid NFT collector and his wallet also holds multiple CryptoPunks, Meebits and Fidenza NFTs, with his most expensive NFT CryptoPunk #3831 worth $2.57 million at current prices. …
CryptoPunks enthusiasts and hopeful bidders gathered Wednesday night at Sotheby's auction house in New York City for what tuned out to be a non-event after the consignor of 104 CryptoPunks decided to hodl. In the wake of this announcement, however, a live panel discussion on the history of nonfungible tokens (NFTs) and CryptoPunks took place. The panel consisted of Sherone Rabinovitz, technologist and CryptoPunk expert, and Kenny Schachter, art critic and curator. Colborn Bell, founder of the Museum of Crypto Art, moderated. "Should we just tell everyone that there are actually 100,000 Punks?" Pre-panel shenanigans with Colborn Bell, ahead of …
Athletes have been known to invest in a range of assets and businesses, but now they're also getting into cryptocurrency and blockchain. Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement. I just acquired MAYC #10442 from my guy @ishmilly @BoredApeYC Where are my apes at? #mutantapes #mayc pic.twitter.com/LQSQywNOCO — Reece James (@reecejames_24) January 2, 2022 Luka Modric, a Real Madrid soccer player from …
An anonymous nonfungible token (NFT) collector spent 204 Ether (ETH) worth roughly $488,800 (at the time of writing, considerably more when it occurred) on gas fees to mint 1,000 Tubby Cats NFTs. In total, the Tubby Cats enthusiast clearly had some capital to burn as they spent more than $720,000 on minting the NFTs including gas fees, according to the Etherscan transaction history. Following the mint of 1000 NFTs, and with Tubby Cats invading Nifty Twitter timelines, it appears that the community has turned the occurrence into a meme, as various figures have claimed to be Tubby Cat whales in …
NFT enthusiasts and fine art collectors have been left confused, after an auction for a collection of 104 CryptoPunks estimated to be worth around $30 million was canceled at the last-minute. The event, hosted by famous fine-goods auctioneer Sotheby’s, was on track to be one of the largest NFT auctions in history — up until the pseudonymous owner of the ‘Punk It!’ collection suddenly withdrew from the auction. The CryptoPunk hodler’s reasons behind the move remain unclear, however in the aftermath of the canceled auction, the anonymous owner who goes by ‘0x650d’ on Twitter sent out a seemingly nonchalant tweet …
San Francisco-based game developer Zynga, best known for the FarmVille and CSR Racing series, has announced plans to release its first blockchain and NFT-based games this year. The billion-dollar game studio first made waves in the crypto world last year after appointing 30-year gaming industry veteran Matt Wolf as Vice President of Blockchain Gaming to lead the company’s charge into the burgeoning industry. Zynga has also announced plans to increase the current blockchain gaming team from 15 employees to anywhere up to 100 by the end of this year. The company may also soon fall under the umbrella of video-game …