The NFT market has struggled since the start of the year, with research indicating that 96 percent of digital collectibles have lost value. Despite this downturn, Pos Indonesia, the nation’s state-owned postal service, has ventured into the space by linking its stamps to NFTs. This initiative seeks to merge traditional…
The number of unique active crypto wallets surpassed t 10 million from April to June, according to a report by an NFT marketplace. The report outlines the performance of Web3 in the second quarter of this year. In Q2 2024, the user base of crypto wallets rose by 40 percent,…
The market for non-fungible tokens (NFTs) is witnessing a significant downturn in sales around the world. The most recent data by Cryptoslam showed that the average sale prices of NFTs have slipped by nearly 60 percent between March and June this year. The average price of an NFT around March…
Japan-based watch making brand Casio has decided to engage with a younger generation of clientele. Casio has launched an NFT series with eight digital art pieces that have been created in partnership with Astar zkEVM. Banking on Japan’s gaming culture, Casio’s NFTs will be made available on Astar’s Yogi Origin…
Adidas has entered into a partnership with Stepn, a Solana-based move-to-earn application, to offer generative NFTs to users. As a product of this partnership, a new NFT collection featuring Adidas sneakers was launched on Wednesday. For Adidas, creating digital avatars of their popular sneakers as NFTs is a way of…
Samsung, the South Korean tech giant, has been taking small steps to engage with Web3 without directly exposing its massive user base to volatile digital assets. In a fresh development, Samsung has announced a partnership with metaverse game Wilder World. Through this partnership, Wilder World will provide NFT rewards to…
The digital assets industry in India marked a landmark day on March 13 after the NFT sector got a straightforward acknowledgement from the Indian railways. In a bid to celebrate the spirit of Holi, the IRCTC has unveiled colourful NFT tickets for two Tejas trains running between the cities of…
Coachella, touted among world’s most famous annual music festivals held in the US, is trying a second stab at launching NFTs with VIP benefits for holders. To do so, the music and arts festival conglomerate has teamed up with OpenSea, the world’s largest NFT marketplace that operates only digitally. Coachella…
The NFT sector is seemingly making a mark in the Web3 arena again after it underwent a bit of a downturn last year. The Bitcoin NFTs on the Magic Eden marketplace have reportedly managed to reel in $100 million (roughly Rs. 829 crore) in monthly trading volume in February. Findings…
Magic Eden, which is an online marketplace for NFT sales, is adding more functionalities and capabilities to its platform to attempt to revive people’s interest in digital collectibles after a visible sector slowdown. The platform has now decided to launch a crypto wallet browser extension, that will be compatible with…
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