NFT Trading Volume Plummets but Analysts Say NFT Craze Is Far From Over
Daily trading volume on the top NFT marketplace has dropped by more than 80% over the past month.
Sotheby’s Auction of 101 Bored Ape NFTs Fetches $24M, Smashing Estimates
The eight-figure price implies an average sale of $241,515 per NFT.
Do NFTs’ Crazy Valuations Make Them Art? A Leading Collector Says No
The cultural cachet that makes fine art such a good investment will take years to build up around NFTs.
Market Wrap: Bitcoin Bullish Sentiment Fades as Selling Abates
Analysts expect sentiment to become more normal for September as bitcoin’s price consolidates.
Loot Parody Projects Raise $1M for Charity
As text-based NFT mania grows increasingly absurd, two developers are poking fun at the trend with drops that raise money for a good cause.
Eden Network Raises $17.4M to Shield Ethereum Users From Malicious Miners
The seed funding round will help the project fight the menace of MEV.
NBA Star Steph Curry Joins Tom Brady as FTX Ambassador
Sam Bankman-Fried’s trading empire FTX adds another professional athlete to its cap table, with Golden State Warriors guard Stephen Curry signing on as an “FTX global ambassador.” As part of the deal, Curry will receive an equity stake in FTX.
MetaMask Surpasses 10 Million MAUs, Becomes World’s Leading Non-Custodial Crypto Wallet
Lex Sokolin, Global Fintech co-head of leading Ethereum software company ConsenSys, discusses what’s behind the huge growth of user activity in MetaMask, which now has more than 10 million monthly active users (MAUs) and positions itself as the leading non-custodial wallet by users globally. Plus, his take on the outlook for NFTs, Ethereum, and Solana.
Staking Giant Lido Expands to Solana
Lido controls over 80% of the fast-growing market for ether staking derivatives.
The Next Solana? Algorand Token Sees Highest Price in More Than 2 Years Despite Market Sell-Off
The price of Algorand’s ALGO tokens has jumped more than three-fold this year, leading to a market capitalization of more than $6 billion.
