The most expensive NFT sales of 2022

    Most of the top NFT sales this year are from Yuga Labs collections. Sales of NFTs with rare traits have meant there are some outliers, but most purchases were made toward the beginning of the year, notes Callan Quinn on The Block. It’s been a tough year for NFTs. Things started well. January this year…

    NFT sales decline ahead of Christmas

    NFT sales volumes fell in the lead-up to Christmas in 2022 as well as in 2021.  Meanwhile, Yuga Labs’s Bored Ape Yacht Club’s floor price increased ahead of the holiday. For the second year in a row, NFT sales have dipped leading up to Christmas. NFT trading volume fell from over $24 million on Dec….

    Gucci accepts ApeCoin, as Tiffany rolls out NFT CryptoPunk pendants

    High fashion brand Gucci said it will accept ApeCoin (APE) as payment at select US stores. The firm already accepts other top crypto coins and collaborates on NFT and metaverse game projects. Meanwhile, Tiffany & Co. announced the rollout of a handcrafted pendants collection modeled on CryptoPunks, another iconic NFT collection owned by Yuga Labs….

    Yuga Labs acquires CryptoPunks and Meebits intellectual property

    Yuga Labs, the company behind one of the biggest and most valuable NFT collections in the industry, the Bored Ape Yacht Club, announced Friday that it has bought the rights to the intellectual property of the other two most popular collections – CryptoPunks and Meebits – from Larva Labs. Yuga Labs announced Friday that it…

    NFT markets show new record week

    Markets for digital collectibles known as non-fungible tokens (NFT) have climbed to record highs in trading volume and average prices in the past week, particularly over the weekend. NFT marketplace OpenSea saw record trading volume on Saturday and Sunday as CryptoPunks, ArtBlocks, and Bored Ape Yacht Club prices soared. While traditional crypto assets have seen…

    NFT bubble popped? Study shows NFT sales dropped 90% over last month

    According to a recent analysis by crypto news site Protos, non-fungible token (NFT) sales plummeted 90% since the record sales on May 3. Market data shows over 130,000 NFT sales in a single day, and 30 days later, NFT sales dropped more than 35% last month, reaching over 84,000. Since peaking on May 3, when…