NFT

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….

Fidelity has filed three trademark applications to provide services in the metaverse and other virtual worlds in its latest move in the digital asset space. The trademarks filing is just the firm’s latest move in the field of digital assets. According to the filings, the global asset management giant wants to provide its traditional services…

DeGods and y00ts, two of the most significant NFT projects on Solana, announced a migration to other blockchains. DeGods plans to migrate to Ethereum, while y00ts will be bridged to Polygon. DeGods and y00ts, two of the leading NFT collections on Solana, have announced plans to migrate to Ethereum and Polygon next year, the teams…

Leading NFT marketplace OpenSea is actively delisting Cuban artists and users to comply with US sanctions, Artnet News reported. While most blockchain technology is decentralized, large centralized platforms comply with international sanctions. The news came after the Twitter account of NFTcuba.ART shared a screenshot of an email explaining that an account had been “disabled due…

Monthly sales on metaverse platforms have fallen 96% in 2022, The Block’s new report revealed. The Sandbox reclaimed its market dominance among metaverse platforms, while Decentraland finished the year with the most valued metaverse land parcels. According to The Block Research’s 2023 Digital Asset Outlook report, Metaverse platforms brought in $49.2 million in monthly trading…

Morningstar Ventures, an investment firm focused on blockchain technology and digital assets, announced the opening of 37xDubai, its first-ever interactive digital art gallery in central Dubai. Located in the Burj Daman Tower, the city’s lifestyle and business hub, this unique NFT art gallery has been established to promote Web3 technology and Web-3-based education, digital/traditional art,…