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This revelation has sent waves of concern through the crypto community, prompting holders and enthusiasts to take heed. According to data sourced from BendDAO, a disconcerting number of NFTs teeter on the edge of liquidation. Currently, a total of 68 BAYC and 50 MAYC tokens with health coefficients registering below the critical threshold of 1.2 are precariously perched on the platform. The precariousness of their situation underscores the importance of taking decisive action to avert a potential loss. Meanwhile, insights gleaned from ParaSpace’s site data have revealed that the peril extends to their platform as well. At present, four BAYC…
The non-fungible token (NFT) market is witnessing a noteworthy shift, with Cardano’s NFT floor price index currently standing at 22% higher than Ethereum’s as per data shared by Stocktwits NFTs. This comparison, based on the 7-day charts, reveals a growing interest in Cardano as a platform for NFT trading, although Ethereum has been historically dominant in this realm. However, despite the impressive growth in Cardano’s NFT floor price, it continues to lag behind in terms of overall trading volume. According to recent data from CryptoSlam, Ethereum still dominates the market with a total trading volume of $13,279,162 and 11,197 buyers.…
The NFT startup Recur said on Friday that its Web3 platform is winding down—unable to weather the chills of crypto winter despite hosting the IP of several big brands like Hello Kitty and Nickelodeon. Over the next several months, Recur’s platform will steadily lose its core features, the firm said in a blog post. That includes the ability for users to withdraw NFTs from Recur, cash out stablecoin balances, and trade collectibles on Recur-hosted marketplaces. “This decision has not been an easy one,” the company said on Twitter, citing “unforeseen challenges and shifts in the business landscape.” Recur’s announcement captures…
The recently unveiled “Masterpiece” collection, a curated assembly of digital artwork endorsed by Coca-Cola, generated $543,660 in proceeds from Coinbase’s “Onchain Summer” event. The event, dedicated to celebrating the inaugural emergence of the Base blockchain, witnessed fervent interest as more than 80,000 collectors zealously acquired eight distinct digital works over the course of 72 hours. The collection interweaves revered classics, such as Edvard Munch’s “The Scream” and Johannes Vermeer’s “Girl with a Pearl Earring,” with contemporary creations from emerging talents including Fatma Ramadan, Aket, Vikram Kushwah, Stefania Tejada, and WonderBuhle. Pratik Thakar, Coca-Cola’s senior director of generative AI, praised the…
XRP Cafe, a top NFT marketplace on XRP Ledger, has shared important information regarding NFTs on XRPL. According to XRP Cafe, new XRPL amendments with improvements to NFTs are set to pass in less than 24 hours. This is because the set requirements have been met. The UNL vote has stayed above the required 80% threshold for almost two weeks. The NFT marketplace shares a screenshot of the amendments to be activated, per the leading explorer for XRP Ledger, XRP scan. On XRP Ledger, NFTs are built into the core protocol, and unlike issued currencies (also known as native tokens),…
Bored Ape NFT Sells for 153 ETH Just 11 Months After 777 ETH Purchase – Seller Loses 80% A Bored Ape Yacht Club (BAYC) NFT that was the most valuable Trippy Bored Ape on record when it sold for 777 ETH in November 2022 has exchanged hands for 153 ETH. Thanks to rare attributes, including trippy fur and a gold crown, BAYC #8585 holds the title of the most expensive ‘Trippy’ BAYC ever sold, valued at 777 ETH in October 2022. However, the latest trade represents a significant loss for the seller. Trader Takes 624 ETH Loss on One of…
Reestablishing momentum after a five-year break, Power Rangers and Funko have joined forces anew to unveil packs of innovative products, perfectly aligning with the famous franchise’s 30th anniversary on August 28.This combined venture modernizes the original Power Rangers accompanied by a brand-new arrival of Ranger Slayer from the comic series Boom! Studios. The Ranger Slayer was initially solely available as a prize in the opening sequence of Funko’s NFT Digital Pop! series. Now, these Digital Card packs showcase intriguing new designs, giving NFT holders the chance to own a tangible version — regardless of past controversy.Once the drop begins, interested…
Building on TikTok hype surrounding Ronald McDonald’s best friend, Grimace, Singapore McDonald’s is serving up Polygon NFTs featuring its fast food icon and milkshake lover on August 21. The Asian fast food chain will debut 2,000 freebie NFTs showcasing its purple mascot in numerous styles and moods, designed by the renowned local NFT artist Bandwagon Labs and The Hidden Walls.What sets these NFTs apart, however, is its ‘Soulbound’ nature, therefore, being non-tradeable once minted. With this step, owners can indulge in once-in-a-lifetime McDonald’s souvenirs that no one else can own. Not forgetting, all collectibles promise to open “exclusive treats in…
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the NFT sector. However, the slump in Bitcoin Ordinals is far more pronounced than in established networks such as Ethereum. Bitcoin NFTs Face Crossroads: Ordinal Sales Decline Highlights Market Volatility and the Quest for Tangible Utility After soaring to record levels this spring, the nascent market for Bitcoin-centric NFTs has hit a snag. By June…
Perhaps one of the greatest characters ever to grace the NFT realm has made a triumphant return to the forefront of Blockchain technology. As a result, the indomitable ‘Kevin’ once again takes center stage with a utility laden $2 NFT backed by bags of holder benefits.Kevin’s latest surprise appearance comes as part of the Onchain Summer event to promote Coinbase’s new Base network. Through the initiative, fans of the pixelated icon can purchase a beach-bound Kevin dressed in a Hawaiian shirt and supping on a coconut for just $2 worth of ETH. Ownership of the NFT will then act as…
