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2023 Underground Art Market Report

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Category: NFTs

Bitcoin NFTs surpass Ethereum NFTs: How Ordinals played a part

Bitcoin NFTs surged, outselling Ethereum with an 80% weekly increase. NodeMonkes propelled the growth, while BTC saw green. In the past week, sales of Bitcoin [BTC] NFTs have exceeded those of Ethereum [ETH], thanks to a sudden surge in Bitcoin Ordinals-based NFT collections. The NodeMonkes …

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March 5, 2024March 5, 2024 By AdsmithBroker

Bitcoin NFTs Surge – Flipping Ethereum in Weekly Sales Volume

Bitcoin has made a resounding comeback in the NFT space, surpassing Ethereum in weekly sales volume. This unexpected turn of events can be attributed to the introduction of a novel protocol called Ordinals that has revolutionized the way NFTs are created and traded on the Bitcoin …

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March 5, 2024March 5, 2024 By AdsmithBroker

PlayStation Stars Unveils, Dispelling NFT Fears with Exclusive Dig…

PlayStation has recently launched a new loyalty program named PlayStation Stars, sparking interest and speculation among its vast user base. With an innovative approach to rewarding its players, the program introduces a series of challenges through which users can earn various rewards, including digital collectibles. …

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March 5, 2024March 5, 2024 By AdsmithBroker

ITV Studios’ Julian Bellamy Joins NFTS Board, Boosting Global TV P…

In a significant move for the National Film and Television School (NFTS), Julian Bellamy, managing director of ITV Studios, has been appointed to its board of governors. This addition marks a pivotal step towards enhancing the institution’s global influence in film, television, and games education. …

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March 4, 2024March 5, 2024 By AdsmithBroker

Bitcoin Ordinals Are Reshaping the NFT Marketplace Landscape

Demand for NFTs has been growing in recent weeks amid rising cryptocurrency prices, and Monday’s $16 million sale of a CryptoPunk—the fifth-most expensive NFT sale to date—put an exclamation point on that trend. But the top overall NFT marketplace over the last few days isn’t …

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March 4, 2024March 5, 2024 By AdsmithBroker

Bitcoin Ordinals Airdrop Nears as Runestone Project Inscribes Largest Blocks Ever

The Runestone airdrop appears to be imminent, with tweets from Bitcoin NFT Marketplace Magic Eden calling on enthusiasts to drop Runestone-themed designs on Monday. “Love this and looking forward to seeing what people create! Both the Runestone parent and child art are [Creative Commons licensed], …

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March 4, 2024March 4, 2024 By AdsmithBroker

Ethereum Gas Fees Skyrocket Again, Pushing Price of NFT Transactions Near $400

All good things come at a cost—and in this case, skyrocketing prices across the crypto market have also triggered an equally steep rise in Ethereum gas fees.  On Ethereum, massive levels of network traffic pushed gas fees beyond 174 gwei by midday Monday according to …

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March 4, 2024March 4, 2024 By AdsmithBroker

Thought NFTs were dead? A piece of pixelated art just sold for $16 million.

Someone bought a CryptoPunk NFT for 4,500 ETH, or about $16 million. It’s the second-most expensive CryptoPunk NFT sale ever by dollar amount.  The buyer outbid another offer for 4,250 ETH, or about $14.5 million. Thanks for signing up! Access your favorite topics in a …

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March 4, 2024March 4, 2024 By AdsmithBroker

Bitcoin Ordinals Boom Yields Record $1 Million NodeMonkes Sale

Ordinals—the Bitcoin equivalent of NFTs—are on fire as Bitcoin’s price nears an all-time high, and it’s the NodeMonkes collection that is leading the charge after a heavy sales weekend that culminated with the project’s first-ever sale above $1 million worth of BTC. NodeMonkes is the …

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March 4, 2024March 4, 2024 By AdsmithBroker

Demigod NFTs: Army of Fortune’s Next Generation of Gaming NFTs

Table of Contents Non-fungible tokens (NFTs) entered gaming with a lot of hype in early 2022. But just as quickly as they had risen, they fell. Within just a few months, gaming NFTs had become associated with having a horrible user experience (UX).  The new …

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March 4, 2024March 4, 2024 By AdsmithBroker

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