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Non-fungible tokens exploded in popularity in 2021, but over the past few months, they seem to be cooling off. Even so, some industry pros say they aren't going anywhere. But where are investors...
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [46] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [47]
On April 25, 2022, OpenSea announced the acquisition of the NFT marketplace aggregator company Gem.xyz. [24] On June 30, 2022 OpenSea reported a major email data breach had occurred when a senior engineer at an email vendor, Customer.io, misused his employee access to download and share OpenSea user email addresses with an "external bad actor."
NFT sales volume totalled $24.9 billion in 2021, compared to just $94.9 million the year before, DappRadar, said on Monday. DappRadar collects data across ten different blockchains, which are used ...
In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs. [40] The OpenSea NFT marketplace banned both projects in December 2021. [40]
The NFT ecosystem has exploded in 2021 and 2022 is off to a great start. A huge winner of this phenomenon is marketplace OpenSea, which has seen its trading volumes reach $3.25 billion in December...
From late 2017, the NFT market grew quickly. [2] In the first three months of 2021, NFTs worth US$200 million were traded. [3] One of the earliest NFT projects, CryptoPunks, [4] has provided several of the most expensive NFTs. [5]
The California toy manufacturer recently launched an NFT marketplace on Mattel Creations, its collector and direct-to-consumer platform. Its first offering, released in December 2022, was Series 4 ...