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NFT Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), with $16.69 million in sales, equating to 7.998% of the $208 million in sales this week. Ethereum and Solana Lead NFT Sales Among Top 20 Blockchains Amid Lower Digital Collectible Sales This Week During the first week of 2023, NFT sales were up 26%…

Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and lifestyle center. 37xDubai aims to bridge art and technology through focusing on web3 education, traditional art, digital art, entertainment, and community. A carefully curated collection of art mixed with digital experiences will make 37xDubai much more than just a gallery. Via educational programs, private events, and monthly gatherings, 37xDubai will cultivate a global community of digital art enthusiasts.Featured artists will be…

Non-fungible tokens (NFTs) have been making waves in digital art. What does this mean for fine art? Can these two worlds merge? We’ll explore why NFTs are gaining traction and how they might revolutionise how we value fine art.Is there a fine art market for NFTs?If you’re asking if fine art and NFTs can merge, the simple answer is yes. That crossover has already begun. Sotheby’s Institute of Fine Art, which auctions and curates collections, has unveiled a new educational program to provide creative business leaders with the skills necessary to master Web3 fundamentals.Why is Sotheby’s running this program? –…

Now in its 20th year, Art Basel Miami has become a landmark event where the main show is less important than what happens behind the scenes. While the “creme de la creme” of the art world mingle at the main exhibit and SoBe’s fancy hotels, the hip crowd head elsewhere in the city. Seasoned collectors rarely visit Miami’s vibrant Wynwood neighborhood, best known for its street art. They are making a huge mistake.Wynwood and the area around is now home to Tech Basel — a chaotic and insanely popular week of happenings that runs concurrently with Art Basel. And it’s just so much more fun than the…

Bored Ape Yacht Club (BAYC) firm Yuga Labs were ordered to face deposition by a federal judge in their ongoing trademark violation lawsuit against the digital artist, Ryder Ripps.The latest judgement in the ongoing saga of a prominent figure within crypto marks further escalation of the case. Early last year, Ripps claimed to have revealed suspected abhorrent imagery, such as racist and pro-Nazi imagery, hidden inside Bored Ape Yacht Club‘s NFTs.To protest the BAYC NFTs in May last year, the artist made and sold his own collection of 10,000 identical NFTs. Yuga claims the artist used misleading labelling and tracking…

Despite the official Game of Thrones NFT launch selling out within 7 hours on Nifty’s, the collection’s art quality has come under fire. Many users on Twitter have criticised the art, with several of the avatars having what some described as “claw-like hands”.Read on to find out how these flaws could be compared to the unpopular final season of the Game of Thrones TV show.Game of Thrones ‘Build Your Realm’ CollectionThe initial success of the collection has been attributed to its loyal fanbase, who purchased the NFTs to own a piece of the iconic show.The ‘Build Your Realm’ collection, developed…

Just four days into the New Year and the NFT market had suffered its first bit of reputational damage in 2023, an exploit allowing scammers to sell fake NFTs as part of popular verified collections on the Magic Eden marketplace. As the saying goes: the more things change, the more they stay the same. Frustrated users are starting to wonder if the problems plaguing the NFT scene will ever be solved.This latest mess appeared to stem from a UI issue caused by a new feature deployment released to Magic Eden’s Snappy Marketplace and Pro Trade tools. In effect, a bug…

Whistleblower Edward Snowden launched his second NFT collectible after partnering with political activist Daniel Ellsberg to create some digital artwork.The NFT auction was a live-streamed interactive show called PleaserHouse on the PleasrDAO platform. The Ethereum NFT offers a one-of-a-kind piece of history – a digital representation of the Pentagon Papers.The sale proceeds will be donated to two incredibly important organizations: the Freedom of the Press Foundation and the Daniel Ellsberg Initiative for Peace and Democracy. Both foundations work together to protect press freedom, promote peace and fight against the suppression of truth.The NFT was eventually auctioned for 14.69ETH.The collaboration between…

Blockchain Source: Depositphotos There’s no denying that 2022 has been an action-packed year for the blockchain market, one that witnessed a wide range of developments associated with public as well as permissioned systems. To this point, the year gone by saw enterprise blockchains being adopted on a wider scale, with many reputable companies harnessing their benefits over tried and tested, conventional solutions. Not only that, the recent slew of Decentralised Finance (DeFi) collapses ushered in notable improvements within the blockchain analytics sector as well as the tracking of everyday transactions. A quick recap of 2022 As per reports, the total…

Video games have captured our attention for over half a century. Almost every decade has featured exciting innovations in the industry, from game cartridges in the 70s and 8-bit graphics in the 80s to HD games in the 2000s and mobile games in the 2010s.This decade’s contribution is blockchain-based play-to-earn (P2E) games. They’re already popular and thousands of new players join the rush every day. And, as the concept matures, the next generation of P2E games will come out stronger and take the industry to the next level. So, what exactly should investors and gamers expect from the coming era of…