NFTs Rise From The Ashes: Market Sees Unexpected Boom In 2024
The once-frigid market for NFTs has thawed in a surprising turn of events, defying the recent slump in Bitcoin prices. Data from DappRadar reveals a robust Q2 2024, with a 28% increase in NFT sales compared to the previous quarter, reaching levels last seen in early 2023. This surge comes as Bitcoin experiences its fourth […]
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Promoted: Blockchain asset management firm Invictus Capital saw portfolio performance rise significantly in the fourth quarter of 2020. The post Fueled By Bitcoin Boom, Invictus Capital Sees Massive Growth In Q4 2020 appeared first on Bitcoin Magazine.
The DeFi boom has given rise to a new trend that needs no introduction — non-fungible tokens, or NFTs. The frenzy for digital collectibles which surfaced as a part of the DeFi boom does not seem to be slowing down anytime soon. In fact, the average number of NFT sales has risen from 21,815 per […]
Shiba Inu (SHIB) has recently attracted considerable attention in the crypto market, thanks to a sudden surge in whale movements over the past weekend. Crypto whales, a term used to describe individuals or entities that hold large amounts of cryptocurrencies, have notably contributed to a significant upsurge in SHIB tokens within their wallets. According to […]
The Big Bang of NFTs and the Metaverse Although the concept of Non-Fungible Tokens (NFTs) was first coined in 2014 by digital artist Kevin McCoy, the popularity of NFTs exploded in 2021. Prestigious and well-established auction houses such as Sotheby’s and Christie’s contributed to the boom of NFTs when they started selling NFT art themselves. […]
It has been more than a year since the NFT boom in 2021. According to NFTGO, the market cap of NFTs peaked at $36.8 billion in March 2022. As the market later cooled, the trading volume and market cap of NFTs started to shrink. This crypto novelty expanded its influence beyond the crypto community and fostered a huge market, which also gave rise to the combination of NFTs and DeFi. The market has witnessed the appearance of NFT lending platforms, NFT aggregators, and NFT derivatives markets, which constitutes the second debut of DeFi Lego enabled by NFTs. However, one wonders....