OpenSea volume during the second month of Q3 was the lowest it has recorded in the past two years, and the new low has reduced its standing in the ranks of the largest NFT marketplaces in the sector. OpenSea, a
In a case highlighting the pitfalls of the booming Non-Fungible Token (NFT) market, Nathaniel Chastain, the former Head of Product for leading NFT platform OpenSea, faced stern repercussions for leveraging insider information to his advantage. According to a report from
OpenSea remains the largest non-fungible token (NFT) marketplace by all-time volume and its reaction in the first week of April after its first-quarter lows show that the development team behind the project is committed to reclaiming its crown as the
NFT marketplace Blur has become the highest-generating trading volume platform in the digital collectibles space over the past three months. The platform surpassed OpenSea, the largest NFT marketplace by all-time trading volume, in December 2022. During the last month of
OpenSea’s volume in the last three months of 2022 failed to breach the $1 billion milestone. As of the end of 2022, OpenSea’s volume for Q4 2022 was approximately $872 million, and much of the sales came from OpenSea Ethereum.
Stablecoins, the metaverse, and AI are areas where Y Combinator is encouraging businesses to innovate because of their potential to transform enterprise solutions, immersive tech, and finance. Stablecoins, the metaverse, and artificial intelligence (AI) are deemed to be the most
In 2023, web3 apps soared 124%, with blockchain gaming leading the way at 34% dominance. Non-fungible tokens (NFTs) and decentralized finance (DeFi) also surged, reaching $103 billion in TVL. According to a Jan. 11 study from blockchain analytics company DappRadar,
Tune.FM, with its headquarters in San Francisco, a web3 decentralized music streaming platform, has secured USD 20 million in funding from global investment group LDA Capital. Web3 music platform Tune.FM raised $20 million in funding from alternative investment group LDA
In a stark contrast to the prolonged quietness, the NFT market is witnessing a surprising upturn, led by notable collections like Bored Ape Yacht Club (BAYC) and CryptoPunks. For months, the NFT market had been eerily quiet, with minimal activity
Neom, the ambitious urban development initiative in Saudi Arabia, is deepening its foray into the digital world. Through a strategic investment and alliance with Animoca Brands, a recognized leader in blockchain gaming and the metaverse, Neom aims to leverage blockchain
Amidst the rising tide of digital innovation, China Daily, backed by the Publicity Department of the Chinese Communist Party, has unveiled its initiative in the NFT domain. However, a closer look suggests that merging ancient civilizations with modern digital technology
Proof of Play, a blockchain gaming startup led by FarmVille co-creator Amitt Mahajan, successfully raised $33 million in a seed funding round. Greenoaks and a16z Crypto led the seed round, with Anchorage Digital, Mercury, Firebase, Zynga, Alchemy, Balaji Srinivasan, and
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