📉 #NFT Trading volume in the NFT market this week fell 9.22% to $85.31 million
🖼 #NFT trading volume fell another 5.06% this week to $79.4 million, while the number of buyers and sellers rose ~700%.
🖼 #NFT Over the past week, trading volume in the NFT market declined 4.21% to $74.2 million. The number of NFT buyers increased by 34.03% while the number of sellers increased by 106%.
🖼 #NFT trading volume this week fell 4.72% to $6.352 million, while the number of buyers and sellers rose more than 25%.
🖼️ OpenSea CEO Devin Finzer announced that the launch of the SEA token, originally scheduled for March 30, will be delayed due to challenging crypto market conditions. A new timeline will be determined by the OpenSea Foundation. The platform will end its previous reward cycles and offer a platform fee refund option to users who participated in Seasons 3 to 6. If the refund is chosen, the corresponding Treasures rewards will be forfeited. #nft
🖼️ Justin Bieber purchased this Bored Ape NFT for $1.3 million in 2022. Today, it's worth $12,000. #nft
📈 #NFT Yuga Labs settled a lawsuit against artists Ryder Ripps and Jeremy Kahan regarding alleged copying of NFTs from the Bored Ape Yacht Club collection. #regulation
📊 The Block Appoints Steve Chung as CEO, Secures $10M Investment
Crypto media outlet The Block has appointed Steve Chung as CEO, succeeding Larry Cermak, who will remain President. Chung has held senior roles at Goldman Sachs, Fox, and NFT project Azuki.
This announcement comes with a $10 million investment from Foresight Ventures to expand The Block’s institutional research and data offerings, focusing on leveraging AI to enhance content and analytics capabilities. #nft
Crypto media outlet The Block has appointed Steve Chung as CEO, succeeding Larry Cermak, who will remain President. Chung has held senior roles at Goldman Sachs, Fox, and NFT project Azuki.
This announcement comes with a $10 million investment from Foresight Ventures to expand The Block’s institutional research and data offerings, focusing on leveraging AI to enhance content and analytics capabilities. #nft
🖼🤔 The marketing director of OpenSea stated that the next NFT cycle will differ from 2021. He noted, "Many people who bought NFTs did not buy them because they really wanted them; they treated NFTs more like a digital casino." He believes the next wave will include "tokenized Pokemon cards, Rolex watches, and in-game items." #nft
🖼️🙅♂ #NFT lending protocol NFTfi announced it will shut down after the NFT market contracted to a size where potential revenue no longer covers operating costs. Since launching in 2020, the platform has facilitated more than $737 million in loan volume and has stopped originating new loans. Operations are set to conclude on August 31, 2026.
🙅 $ACT, $BLUR, $PIVX, $QKC flagged as monitored for delisting on Binance spot. #nft