RECUR, a non-fungible token (NFT) company that raised $50 million in an investment round nearly two years ago, has become the latest victim of the current bear market. Over the weekend, the NFT platfo...
Category: NFT
Live NFT News Updates.
$1 Million NFT Creator Fund Launched by Magic Eden and Polygon
Magic Eden and Polygon collaborate for $1 million creator fund to boost NFT. Fund aims to support and nurture emerging NFT creators. Successful applicants gain access to Launchpad and Polygon ecosyste...
Recur announces phased shutdown of NFT platform
NFT platform Recur has revealed plans to cease operations less than two years after securing $50 million in a Series A funding round. The company has detailed a structured shutdown of the platform, co...
Cardano’s NFT Floor Price Surges, An Unexpected Threat To Ethereum’s Throne?
The non-fungible token (NFT) market has primarily been in a downtrend in terms of trading volume since this year began and is presently undergoing a significant transformation. Recent data from Stockt...
Bored Ape Investors Sue Yuga Labs, Sotheby’s, 28 Others as NFT Prices Plunge: Report
Four investors who purchased the popular NFT collection Bored Ape Yacht Club (BAYC) have launched a class action lawsuit against the project’s inventor, Yuga Labs, and 29 other firms for misleadingly ...
Steve Cohen-backed NFT Platform Recur to Close Doors After Raising $50M Just 2 Years Ago
Recur, a prominent NFT platform backed by hedge fund mogul Steve Cohen, has decided to wind down its Web3 platform operations, despite having raised $50 million in a series A funding round in late 202...
NFT platform Recur is shutting down
Recur announced the gradual wind down of its operations and functionality on August 18, 2023. All NFT activity will be disabled by November 16, with metadata migrated to IPFS. The startup had secured ...
Friend.tech founders have controversial ties to failed NFT project Kosetto
Information on social media platform X(formerly Twitter) suggests that Friend.tech founders 0xRacerAlt and Shrimppepe have connections to a failed NFT project, Kosetto. Kosetto NFTs Kosetto is a trade...
Popular Web3 platform Recur to shut down its NFT platform despite $50 million raise
Recur, a prominent Web3 platform known for hosting big-name IPs like Hello Kitty and Nickelodeon, announced the discontinuation of its platform on August 18. Despite raising $50 million and being valu...
Recur NFT Marketplace Folds as Valuations Nosedive
Non-fungible token (NFT) marketplace Recur will soon be deprecated after a prolonged market slump that forced other companies to strengthen their business through community efforts. Starting on Nov. 9...
This NFT Hit New All-Time Highs While Others Plummet
The NFT market, notorious for its unpredictability, witnessed another dramatic shuffle recently. While the Milady Maker NFT collection continues its ascent to glory, other giants like the Mutant Ape Y...
Cardano NFT Floor Price Soars, Surpassing Ethereum
Alex Dovbnya However, Ethereum retains its throne in terms of sheer trading volume, overshadowing Cardano’s rising value The non-fungible token (NFT) market is witnessing a noteworthy shift, wit...
NFT platform Recur shuts, despite $50M raise & Big Backers
On Friday, Recur, a startup in the Non-Fungible Token (NFT) space, announced that it would be discontinuing its Web3 platform due to the difficulties of crypto winter. Despite having big names like He...
Bored Ape Investors Sue Yuga Labs, Sotheby’s, 28 Others as NFT Prices Plunge: Report
A group of four investors who invested in the popular NFT collection Bored Ape Yacht Club (BAYC) has filed a class action suit against the project’s creator, Yuga Labs, and 29 other companies for misl...
NFT Platform Recur Shuts Down Web3 Marketplace!
The post NFT Platform Recur Shuts Down Web3 Marketplace! appeared first on Coinpedia Fintech News NFT platform Recur is shutting down its Web3 platform due to the ongoing crypto winter, despite raisin...
NFT platform Recur stops operations despite $50 million funding
The popular NFT-centric startup, Recur, revealed its impending closure plans this Friday in an internal blog post. Despite securing a hefty $50 million in funding and partnerships with massive brands ...
Perceive the Details of Priceless On-Chain Autoglyphs NFT
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and tech...
Mark Cuban and Yuga Labs React to OpenSea’s NFT Royalty Changes
OpenSea, one of the leading NFT marketplaces, recently announced changes to its royalty policy which has led to considerable debate within the crypto community. Notable figures such as entrepreneur Ma...
Choose the Right Illustrating NFT Tools to Design Artwork
Choosing the right tool for NFT creation is important because it helps talented artists and creators to explore the trending world of NFTs with more precision. Although there are many tools in the mar...
Billionaire Mark Cuban Says NFT Marketplace OpenSea Making ‘Huge Mistake’ With New Royalty System
Billionaire Mark Cuban says that prominent non-fungible token (NFT) marketplace OpenSea’s decision to disable its royalty system is a huge blunder. Earlier this week, OpenSea’s chief executive Devin F...
Coca-Cola’s ‘Masterpiece’ NFT collection boasts $543,660 in earnings
The recently unveiled “Masterpiece” collection, a curated assembly of digital artwork endorsed by Coca-Cola, generated $543,660 in proceeds from Coinbase’s “Onchain Summer” event. The event, dedicate...
XRP Ledger Set to Gain New NFT Amendments, Here’s More
XRP Cafe, a top NFT marketplace on XRP Ledger, has shared important information regarding NFTs on XRPL. According to XRP Cafe, new XRPL amendments with improvements to NFTs are set to pass in less tha...
Bored Ape Yacht Club (BAYC) NFT Sells for 153 ETH: 80% Loss
Bored Ape NFT Sells for 153 ETH Just 11 Months After 777 ETH Purchase – Seller Loses 80% A Bored Ape Yacht Club (BAYC) NFT that was the most valuable Trippy Bored Ape on record when it sold for 777 ET...
Yuga Labs Backs Up Opposing NFT Royalty Change from OpenSea
Yuga Labs, creator of the famous Bored Ape Yacht Club (BAYC) is set to finish up its support for OpenSea following the discontinuation of its on-chain tool Operator Filter. This tool was launched in N...
XRPL NFT Creators Have Their Rights Protected, Here’s Why
Vladislav Sopov As Marc Cuban slams OpenSea for adopting wrong royalties model, Ripple’s vice president highlights XRP Ledger’s strong point Contents With XRP Ledger, NFT minters’ ri...
OpenSea NFT Community Could Jump Ship to Everlodge.io Here’s Why
OpenSea is still the biggest NFT marketplace, but there are new players and competitors that offer things that Opensea doesn’t. One example is an upcoming project called Everlodge, which allows people...
Is XRPL Better for NFT Creators? Ripple Exec Shares Take
Ripple’s Vice President of Strategy and Operations Emi Yoshikawa has stated her view on the preferred protocol for Non-fungible token (NFT) creators when it comes to royalties. According to the Rippl...
Bitcoin Ordinals NFT Trading Volume Plummets 📉
Table of contents Bitcoin Ordinals see dismal second quarter, despite surging volumes and client movement DappRadar has highlighted an “disturbing dive” in Bitcoin Ordinals nonfungible sym...
OpenSea shifts focus from BSC to Layer-2 solutions amid rapid NFT innovation
OpenSea, the leading Web3 marketplace for NFTs, has discontinued support for Binance Smart Chain (BSC), a major layer-1 blockchain. The company announced on August 18, a year after initially integrati...
Bitcoin Ordinals NFT trading volume tanks 98% since May — DappRadar
DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token (NFT) user activity, with trading volumes tanking around a whopping 98% since May. In an Aug. 17 report, DappRadar h...
Whopping 98% Drop Witnessed in Bitcoin Ordinals NFT Trading Volume
Bitcoin News The BTC community is split on whether NFTs should be on the network. The number of transactions likewise fell to 20,571. According to DappRadar, trading volume for the Bitcoin Ordinals NF...
OpenSea Ends BNB Chain Support: NFT Royalties Change
Opensea has made several changes to its policy this week. Going forward, the platform will no longer support NFT transactions on BNB Chain and won’t enforce royalty payments on secondary sales. The la...