Articles for tag: dApp, DeFi, NFT

Sadia Ali

NFTs

NFT Market Hits Rock Bottom in 2024: Worst Year Since 2020

The NFT market faced its weakest year since 2020, with trading volumes and sales dropping sharply. DeFi dominated 2024, driven by memecoins and innovation, capturing 32% of market activity. Bitcoin’s record-breaking performance and regulatory progress fueled optimism for the crypto industry. The NFT market bottomed in 2024, recording its worst ... Read more

Lipika Deka

Ape Punk

Ape Punk Jackpot: Investor Snags $1.5M NFT for $23K

A savvy investor managed to buy a rare Crypto Ape Punk NFT for a mere 10 ETH (around $23,000) – a whopping 98.3% discount from its estimated value of 600 ETH or $1.5 million. This unexpected bargain was achieved through a loophole in the fractionalized ownership scheme facilitated by the ... Read more

Lipika Deka

Magic Eden

Magic Eden Segregate US Users Amidst Fears of Clampdown

Magic Eden, a leading NFT marketplace, has established separate domains for international users and US users. The platform asserted that the US domain will continue to offer familiar functionalities. However, the IO domain will be a hub for “cooking up (and sautéing)” new features. This move has sparked concerns among ... Read more