The NFT community is reeling from what can only be described as a punch to its collective gut on May 30. After a consistent downturn of NFT art sales volume in recent months — followed by the sudden, frenzied rise of highly speculative crypto memecoins and Web3 figureheads asking their followers to send them money…
There are few creators as important to the NFT space as Fewocious. A prolific artist since his early teenage years, Fewo’s influential intellectual property has proliferated to the farthest reaches of the blockchain, finding life as large-scale collections and 1/1 auctions alike. As we enter summer, Fewo has unveiled details about the next chapter of…
If you think you’re seeing orange, that’s because you are. Twitter is abuzz with users showcasing orange-themed profile pictures to pay homage to $OXBT, a BRC-20 token rapidly gaining traction. If you’re unfamiliar with BRC-20, it’s an experimental token standard that enables fungible tokens to be minted and traded via the Ordinals protocol on the…
It seems the Sotheby’s x Three Arrows Capital (3AC) saga isn’t over. Because on May 31, as collections from generative art platform Art Blocks continue to surge, the famed auction house announced plans for a new extensive live auction of significantly important generative NFTs compiled from the now-defunct Singapore-based crypto hedge fund. Set to take…
The Alpha: A recent bipartisan agreement on the U.S. debt ceiling may bypass several proposed tax increases, including the Digital Asset Mining Energy (DAME) tax that would have levied a 30 percent tax on energy consumption by crypto miners. Despite progress and President Joe Biden’s confidence, the agreement still requires approval from the House of…
The Alpha: The digital artist collective Exquisite Workers is teaming up with Superchief Gallery NFT and Web3 marketplace Foundation to host AI Surrealism, an AI art exhibition in New York from June 2-8. The exhibition, which is being billed as the largest AI art show of its kind, will take place at The Oculus within…
Over a year has passed since Moonbirds first exploded onto the NFT scene in April 2022. Just days after its launch, the project had already achieved upwards of 100,000 ETH (around $300 million) in secondary sales volume. And in under a week, Moonbirds entered into the top 10 highest-grossing NFT collections. As of May 2023, though,…
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL. Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s…
On May 25, Web3 marketplace Binance announced it will allow NFT owners to use their digital assets as collateral to secure loans in Ethereum. Named Binance NFT Loan, the new service is aimed at bringing the advantages of decentralized finance (DeFi) to Binance’s NFT community, letting users unlock the potential of their NFT holdings without…
