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2023 Underground Art Market Report

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Category: NFTs

NFTs Are Retaining Value, Say Researchers

If you listen to headlines, the non-fungible token market seems like a flash in the pan. The asset class peaked at $21 billion in May 2022 before crashing back down to earth. Over 95% of NFTs created in the 2021-2022 NFT craze are now worthless, …

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November 10, 2023November 10, 2023 By AdsmithBroker

China announces criminal penalties for theft of digital assets including NFTs

The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft, signifying a significant shift in the nation’s approach to digital asset regulation. On Nov. 10, the Chinese government issued a significant statement regarding the …

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November 10, 2023November 11, 2023 By AdsmithBroker

Ubisoft is on the NFT sauce again: A new partnership with Web3 platform Immutable aims to create ‘a fresh new experience that players will love’

A year ago it looked like Ubisoft’s ardor for NFTs was cooling, but now it seems that the heat is back on. The Assassin’s Creed publisher has entered into a new partnership with blockchain gaming platform Immutable “to create a new gaming experience that will …

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November 10, 2023November 11, 2023 By AdsmithBroker

How Can OpenSea Regain Dominance After Layoffs and the NFT Market Decline?

Last week, OpenSea, the former frontrunner in the NFT marketplace, confirmed the layoff of half its workforce as the NFT markets seemed to bottom out. gmoney, NFT collector and founder of 9dcc, joins Unchained to provide insight into the once-dominant NFT marketplace’s fall from grace. …

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November 10, 2023November 10, 2023 By AdsmithBroker

Accepting Cryptocurrency and Digital Asset Donations: What Charities Need to Know [2023]

Charities should address several issues when considering whether to accept donations of digital assets, defined to include cryptocurrency, stablecoins, and non-fungible tokens (NFTs).[1] These include the propriety of such donations in the first place; protocols for accepting digital assets; the conversion of digital assets to …

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November 10, 2023November 11, 2023 By AdsmithBroker

Solana Is on a Tear. So Why Do Ethereum NFTs Remain Top Dog?

SOL more than doubled in the last month. But here’s why Ethereum NFTs continue to outperform Solana NFTs by a mile. Posted November 10, 2023 at 12:36 pm EST. Solana is ripping. Not only has general crypto market sentiment turned more positive, which has boosted …

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November 10, 2023November 11, 2023 By AdsmithBroker

Most expensive NFTs: Highest selling digital gems

Most expensive NFTs ever sold: 1. The Merge – $91.8 million, 2. Beeple’s Everydays: the First 5000 Days – $69.3 million, 3. Clock – $52.7 million, 4. HUMAN ONE – $28.9 million, 5. CryptoPunk #5822 – $23.7 million. In the ever-evolving landscape of digital innovation …

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November 10, 2023November 10, 2023 By AdsmithBroker

Ultimate Web3 Holiday Gift Guide (That aren’t NFTs) | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

The Perfect Gift for NFT Enthusiasts: Pudgy Penguins Huggable Plush As the holiday season approaches, the perfect gift for NFT enthusiasts and collectors is emerging in the form of the adorable Pudgy Penguins Huggable Plush, specifically the delightful ‘Fisherman Flynn’ edition. This large, 12-inch soft …

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November 10, 2023November 10, 2023 By AdsmithBroker

China Outlaws NFT Theft, Recognizes Digital Collections as Property

China has declared that stealing digital collections, including NFTs (nonfungible tokens), is a criminal offense. This decision marks a significant shift in the legal treatment of digital assets. The Chinese government’s statement, issued on November 10th, underlines a new understanding of digital collections as data …

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November 10, 2023November 13, 2023 By AdsmithBroker

Roblox’s Leap into the Future: A Vision for Interoperable NFTs and Digital Assets | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

In an era where the digital realm is increasingly merging with our reality, Roblox, a titan in the gaming world, is not just observing from the sidelines. The CEO of Roblox, David Baszucki, is pioneering a futuristic vision – the creation and transfer of Non-Fungible …

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November 10, 2023November 10, 2023 By AdsmithBroker

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