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Ad Non-fungible token (NFT) research tool NFT Inspect is making a surprise comeback after its acquisition by blockchain firm JVH Technology Inc. In a March 28 statement, JVH said its acquisition represents a significant milestone for the NFT industry. According to the team, NFT Inspect had made itself “the premier destination for Web3 social intelligence…
Ad Bitcoin (BTC) core developer Luke Dashjr has distanced himself from an NFT that auctioned his code for 0.41 BTC — worth roughly $10,000. Dashjr said he was not involved in the creation or sales of the NFT, adding that he did not consent to use his code or name for the purpose. He said:…
Porsche’s NFT collection fell below its 0.911 Ethereum (ETH) — roughly $1,500 — mint price to 0.88 ETH ($1440) a few hours after its launch on Jan. 23, according to OpenSea data. The iconic carmaker drew the ire of the crypto community, who severely criticized its high mint price and described its sales strategy as…
CryptoSlate’s analysis of gas consumption on the Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero. The analysis included token contract standards (ERC721 and ERC1155) and other NFT marketplaces like LooksRare, Rarible, and SuperRare. Source: Glasnode According to the above chart, overall gas…
OpenSea’s Ethereum (ETH) NFTs trading volume has declined for the fourth consecutive month, dropping 13% to $303M, the lowest since June 2021, according to Dune Analytics data. According to the data, OpenSea’s Ethereum monthly active traders have also dropped for the fourth consecutive month. Active traders on the platform dropped by roughly 5% to 332,824…
The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. According to the IRS, digital assets are “digital representations of value that are recorded on a cryptographically secured distributed ledger or…
Press Release: The blockchain-based gaming industry has witnessed the rise of another leader in the rating boards with the advent of MagicCraft – a Play-to-Earn castle battler featuring soul-shattering clashes and in-depth integration of DeFi and NFTs based on a comprehensive and multi-tiered economy. October 10, 2022, Singapore: As a Play-to-Earn game available as a…
Press Release: Pioneering P2E multiplayer runner game MetaRun is exploding onto the gaming scene with open beta launch, NFTs, 9999 Genesis mysteries, and Whitelisting Event. 26th September 2022, Tortola, BVI – Metarun, the world’s first P2E multiplayer runner game, is set to launch this fall, with an official release date scheduled for September 27,…
Press Release: Key figures from pioneering gaming studios have launched an Interconnected AAA-game Ecosystem called Sparkadia, which has just released its first-ever NFT sale on Rarible. 22 September 2022, Los Angeles – Worldspark Studios, the studio behind Sparkadia, has launched its first-ever NFT sale, the “Sparkadia Origin Collection”. Powered by Immutable X, this initial collection…