Nifty News: NYT says NFTs in pandemic-fueled bubble, Polkamon eggs produce $1...
NYT likens the NFT bubble to the plague induced “tulip mania” of the 1600s, Polkamon NFTs generate more than $1 million in gas fees, and a man fails to sell 50% of a house as an NFT Having just flogged an NFT column for half a million dollars, the New York Times is now wondering if perhaps the whole scene is in a bit of a bubble?In a March 30 article, Art’s NFT Question: Next Frontier in Trading, or a New Form of Tulip? author Scott Reyburn questioned the sustainability of the current NFT bubble in prices and drew comparisons with the Dutch “tulip mania” of the 1630s. Tulip mania for....
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Polkamon, the popular NFT and digital collectibles platform incubated by Moonrock Capital, saw one of its first NFTs trade for 75 ETH, worth more than $140,000. Top influencers and Youtubers, like the popular Fortnite stramer PWR Lachlan, who has over 1.5 million followers on Twitter alone, bought the newly released NFT. Purchased my first @Polkamonorg NFT today! What should I name it? 🤔 pic.twitter.com/2qtNXJF3uP — PWR Lachlan ⚡️ (@LachlanYT) April 1, 2021 The fear of […]
NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” […]
CryptoDragons, the NFT project and first battle on the blockchain, announced an Egg reservation for November 7 at exactly 12 PM EST for interested players to reserve Dragon Eggs. As part of this challenge, 500 Eggs were up for grabs, including 1 Legendary Egg, 1 Epic Egg, and 498 randomly distributed Eggs. Prices were set at 35 ETH, 7 ETH, and 0.2 ETH, respectively. 🚀 All SOLD OUT! Random Eggs 0.2 ETH – sold outEpic Eggs 7 ETH – sold outLegendary Eggs 35 ETH – sold out Less than 10 Seconds!#nft #nftart #nftcommunity #cryptodragons #ETH — CryptoDragons.com....
CryptoDragon’s NFT Egg reservation started at exactly 12 PM EST on November 7, 2021, and ended too quickly. Within 10 seconds, Legendary Dragon Egg and 499 more Eggs were reserved. 🚀 All SOLD OUT! Random Eggs 0.2 ETH – sold outEpic Eggs 7 ETH – sold outLegendary Eggs 35 ETH – sold out Less than […]
Peter Wood, the CEO of up-and-coming UK exchange CoinBurp, believes NFTs are caught in a bubble that will eventually pop. However, Wood says that much like cryptocurrencies consolidated through crypto winter to emerge stronger, so will NFTs after the pop. Signs of Digital Art NFTs Cooling Following the record-breaking $69.3mn sale of Beeple’s The First […]