Non-fungible Tokens (NFTs) introduced new ways to define ownership, scarcity, and intellectual property monetization. However, the growth of the NFT market exposed critical limitations of the technology, such as high transaction costs and scalability issues, particularly on Ethereum, where...
The local authorities of Jeju Island, South Korea's largest and most popular tourist destination, are reportedly planning to launch NFT-based digital tourism resident cards in late 2025. According to local media outlet Maeil Kyungjae, the move is part of...
A recent report titled “State of 2024 NFT Drops” reviewed 29,079 new NFT collections launched between January and August 2024. The findings were stark: nearly 98% of these NFTs are now considered "dead," meaning they’ve seen little or no...
The non-fungible token (NFT) market appears to be rebounding, with trading volume jumping over 20% in November, according to a DappRadar report. The data reveals that NFT trading volume reached $698 million, reflecting a 22% rise from October. DappRadar...
The NFT sector is set to benefit from the Ethereum Layer 2 network, as Mint Blockchain has been awarded a grant from Optimism Governance during the 28th cycle of its grant program. On October 15, Mint Blockchain announced in...
It is 2024 already, and the NFT market still looks a pale shadow of its heyday. Once the darling of the crypto world, NFTs have now been relegated to the lower leagues. The initial excitement has faded, and the...
U.S. presidential candidate Donald Trump's latest non-fungible token (NFT) collection raked over $2.2 million in sales just days after its launch. According to recent data from Polygonscan, the "America First" NFT collection had 22,360 mints and 1,210 holders. With...
The NFT market, which was booming at the start of 2024, hit a rough patch in the second quarter. After a strong first quarter with sales volume reaching $4.1 billion, Q2 ended with a dramatic 45% drop, with sales...
Calvaria is a digital trading card game that is fast gaining traction in Web3 gaming. Calvaria players are immersed in a metaverse where they can choose from various non-fungible token (NFT) trading cards representing different characters, putting an interesting...
Stephen Fideisen, a YouTuber better known as Coffeezilla, has levelled explosive allegations of a multi-million dollar scam against AI company Rabbit Incorporation. In a recent video, Coffeezilla claims that Rabbit, previously known as Cyber Manufacture Co, orchestrated an NFT...
