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2023 Underground Art Market Report

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Category: NFTs

Game Over for NFTs? Will the Market Recover in 2024

Last updated: January 15, 2024 04:08 EST | 2 min read Image by Tanzeel AkhtarNon-fungible tokens, or NFTs, have faded into the background with all the chatter and excitement around a spot Bitcoin exchange-traded fund being approved in the US market. Earlier today GameStop revealed …

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January 15, 2024January 15, 2024 By AdsmithBroker

OpenSea CEO bets on use cases for NFTs, says trading volumes can be ‘misleading’

Devin Finzer, the CEO of OpenSea, a once $13 billion valued NFT marketplace, is now going long on NFTs as the platform is exploring new use cases. In an interview with Bloomberg, the OpenSea CEO said the platform wants to build the most compelling use …

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January 15, 2024January 15, 2024 By AdsmithBroker

A cup of NFT: Starbucks to hand out digital assets to customers

Starbucks Korea will start its [STARBUCKS KOREA] Starbucks Rewards customers who bring their own cups will receive eco stamps that can be exchanged for Starbucks NFTs starting Tuesday, according to Starbucks Korea on Monday.   Customers will receive one eco stamp per receipt, for orders …

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January 15, 2024January 15, 2024 By AdsmithBroker

GameStop Shutters NFT Market: Users Ditch Corporate Offerings and Shift to Affordability

GameStop, once a darling of the Reddit-driven retail trading frenzy, has announced the closure of its Non-Fungible Token (NFT) marketplace. This move, set for February 2, echoes a broader trend in the digital asset space, mirroring Twitter (X)’s recent discontinuation of NFT profile pictures for …

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January 15, 2024January 15, 2024 By AdsmithBroker

How BAYC, CryptoPunks have acted since Elon Musk’s latest decision

On the 10th of January, X (formerly Twitter) silently removed support for NFT profile photos. The floor prices of CryptoPunks and the Bored Ape Yacht Club have since grown. The floor prices of leading non-fungible token [NFT] projects have risen following X’s (formerly Twitter) decision …

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January 15, 2024January 15, 2024 By AdsmithBroker

GameStop (GME) NFT Marketplace to shutter on February 2, 2024

GameStop NFT Marketplace will shutter on Februrary 2. GameStop has quietly announce the closure of the company’s NFT Marketplace. The online cryptocurrency-based store will shutter on February 2, 2024. The company announced the upcoming closure on the NFT Marketplace website. “ GameStop has decided to …

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January 15, 2024January 15, 2024 By AdsmithBroker

GameStop Scraps NFT Marketplace Following Underwhelming Two Years, Cites Regulatory Uncertainty

GameStop has been gradually exiting the crypto industry.  After a year of lay-offs, the video game retailer is shutting down its NFT marketplace.  The decision comes on the heels of its underwhelming two-year performance in the crypto industry. Popular video game retailer GameStop stirred excitement …

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January 15, 2024January 15, 2024 By AdsmithBroker

OpenSea Wants NFTs to Evolve as Market Plunges 63%

Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November, Bloomberg News reported Sunday (Jan. 14), citing data from CryptoSlam.  As that report notes, NFTs …

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January 15, 2024January 15, 2024 By AdsmithBroker

GameStop officially gives up on its NFT marketplace

Gamereactor lifestyle Glad to see all the Reddit investment money went somewhere good. In a rare thing for dying businesses, GameStop got a second chance at life thanks to Redditors manipulating the stock price of the business, pushing enough money into it to get on …

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January 14, 2024January 15, 2024 By AdsmithBroker

GameStop Announces Closure of its NFTs Platform

US video game retailer GameStop has just announced it has made the decision to close its NFTs platform due to uncertainty over cryptocurrency regulation. According to the announcement, the closure will take effect next February 2. Access more than 50 of the world’s financial markets …

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January 14, 2024January 15, 2024 By AdsmithBroker

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