2023 Underground Art Market Report
Bitcoin (BTC) fees are in the spotlight once again, having approached a $6 average transaction charge for the first time since June. A recent uptick in NFT trading volumes appears to be the culprit, with ‘Ordinals’ inscriptions causing congestion on the bitcoin blockchain, thus pumping …
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Bitcoin fees skyrocket due to surge in Ordinals NFTs (BTC) fees are in the spotlight once again, having approached a $6 average transaction charge for the first time since June. A recent uptick in NFT trading volumes appears to be the culprit, with ‘Ordinals’ inscriptions …
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Blockchain Unleashed: A Deep Dive into the Technology Powering NFTs: Saravanan Jaichandaran, Co-Founder & Chief Data Scientist, bitsCrunch NFTs are one of the revolutionary applications of blockchain technology. Blockchain technology, the foundation for cryptocurrencies and NFTs, is one of the most revolutionary innovations of our …
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Viral crypto art brand Bored Ape Yacht Club says it is “aware” of “eye-related issues” suffered by fans following one of its events in Hong Kong. The company behind the non-fungible token (NFT) art firm said it is looking into reports that attendees suffered from …
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On Sunday, the long-running animated series “The Simpsons,” known for skewering many aspects of American life, finally put the beleaguered NFT market in its crosshairs. During one segment of the show’s 34th annual Halloween-themed “Treehouse of Horror” anthology series, Homer accidentally mints Bart onto “the …
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An NFT collection that combines CryptoPunks’ aesthetics with elements of “The Simpsons” has notched almost $2.5 million in sales in less than 24 hours, rocketing to the top trending spot on OpenSea after the long-running animated television show roasted NFTs in a special episode. The …
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In October 2023, the UK’s Culture, Media and Sport Committee (the “Committee”) published a report on the risks posed by non-fungible tokens (NFTs) and the blockchain in the world of culture, professional sport and advertising. The report highlights the legal issues facing these sectors in …
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People who showed up to Yuga Labs‘ recent three-day event celebrating a collection of Bored Ape Yacht Club NFTs have reported eye and skin irritation, potentially from UV light used at the event. Yuga Labs’ ApeFest, held Nov. 3-5 in Hong Kong, included a brightly …
Read MoreNov 6, 6:56 pm Decrypt “The Simpsons” Released NFTs Featuring Bart and Homer, Which Sold Out for $60 Each “The Simpsons” released two NFTs featuring Bart, Homer, and Bart’s skateboard, which sold out globally for $60 each. The collectibles, offered through Disney and VeVe, were …
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With the collapse of cryptocurrency in the mainstream last year, some might be surprised to find out that NFTs are still a thing. Yet, people are still buying receipts minted to the blockchain that point to a piece of digital art, and one of the …
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