2023 Underground Art Market Report
As the year 2023 has come to a close, one name stands out in the world of NFTs and collectibles: Pudgy Penguins. These adorable and charismatic digital penguins have taken not only the NFT community but also the retail industry by storm; the brand’s journey throughout …
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Sales of non-fungible tokens (NFTs) on the Bitcoin (BTC) network reached $881 million in December 2023. According to the Cryptoslam portal, in December 2023, NFT sales set the highest single-month sales record. Source: Cryptoslam In addition, a record 111,713 buyer addresses participated in NFT transactions …
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Source: Adobe/James Thew Sales of NFTs on the Bitcoin (BTC) network reached a new milestone in December 2023, surpassing $881 million for the first time ever. According data by CryptoSlam, NFT sales on the Bitcoin chain reached $881,223,753.92 last month, setting the highest single-month sales record …
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As the year’s end approaches, NFT traders are finally finding a use for the worthless tokens in their wallets: selling them for pennies in order to offset capital gains on their taxes. And with the criminal investigation unit of the IRS reportedly taking a special …
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This year, a number of new games with NFTs and crypto tokens splashed onto the scene with a mix of early access releases and full launches. From shooters to trading card games and RPGs, there’s now a wide range of games in the blockchain space …
Read MoreIn the fast-paced ecosystem of meme coins and play-to-earn (P2E) tokens, one name is making waves – Galaxy Fox. This isn’t just your typical meme coin but a movement—a force with a mission to redefine the crypto universe. Its Galaxy Fox‘s upcoming ICO soared past …
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Renowned entrepreneur Elon Musk, heading a company known as X, recently discussed the challenges associated with non-fungible tokens (NFTs) on a platform referred to as X. Musk, known for his innovative ideas, suggested a novel solution to enhance the security and reliability of NFTs by …
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It was another transformative year for NFTs, both for better and for worse. We saw the emergence of the Ordinals protocol on Bitcoin, which rejuvenated creators and boosted excitement around the chain—but fomented a split between Bitcoin purists and expansionists. Meanwhile, as sales kept dropping …
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It’s the time of year to wrap up 2023 in a bow and look forward with anticipation to 2024, but just before we break out the midnight champagne, let’s take a final opportunity to highlight some of the projects that did great work in 2023. …
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Judge Jed Rakoff (S.D.N.Y.), in today’s Hermes Int’l v. Rothschild, isn’t having it. First, the backstory from an earlier (May 2022) decision in the case: Around December 2021, defendant Mason Rothschild created digital images of faux-fur-covered versions of the luxury Birkin handbags of plaintiffs Hermes …
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