NFTs Endure One of Their Weakest Years Since 2020 in Trading and Sales
DappRadar revealed that the gaming sector dominated NFT sales in 2024.
Non-Fungible Token (NFT) News and Updates
Recent Non-Fungible Token (NFT) News
2024 NFT Revenue Tops Last Year’s $8B Mark
Despite skepticism around the NFT sector due to declining hype, 2024’s performance stands as the third-highest annual revenue on record.
Ronin’s DeFi TVL Grows 149% YoY, Boosted by RON Token’s 30% Price Rise
Katana DEX controls 99% of Ronin's DeFi TVL, followed by Sablier Finance and MetaLend.
Pudgy Penguins NFT Project Set to Release Pengu Token on Solana
Pengu's tokenomics reveal a significant share for the community, with a strategic approach to team and company allocations.
Nike-Owned NFT Project RTFKT to Shut Down Operations in Early 2025
RTFKT’s closure follows declining NFT demand and market challenges, despite $50 million earnings and collections like MNLTH and Clone X.
Analysis: 98% of NFTs Launched in 2024 Unprofitable, Only 0.2% Yield Gains
Only 0.2% of all 2024 NFT collections delivered profits, and even among active collections, only 11.9% have been profitable.
Iconic NFT Collection CryptoPunks Reigns in Market Share Amid BAYC Decline: Report
Despite BAYC's earlier lead, CryptoPunks solidified its top position with 30.9% market share.
Japan’s DPP Leader Proposes Crypto Tax Overhaul, Pushes for Web3 and NFT Growth
Tamaki's crypto tax reform suggests a 20% rate, encouraging Web3, and NFTs.
Runes Activity Rebounds: Bitcoin Transaction Fees Hit Multi-Month Record Highs
Activity in Bitcoin Runes transfers is on the rise again, with a threefold increase from the levels seen in August.
Top OpenSea Employees Step Down Amid Regulatory and Financial Troubles
The OpenSea executives’ exit comes when the NFT marketplace experiences a market shrink and a regulatory clampdown from the U.S.
