NFTs, or non-fungible tokens, are digital identifiers that certify the ownership of goods, mostly digital files such as photos, videos, or audio. They are unique representations of these goods, meaning that each NFT is unique.
They differ from crypto in that ordinary tokens are fungible, i.e. if you trade a certain amount of such tokens for the same amount, you wouldn’t gain nor lose value. However, you wouldn’t be able to do the same with non-fungible tokens, as you can’t replace any NFT with an identical one due to the simple fact it doesn’t exist.
NFTs are quite popular and have recently earned their creators anything from a few dollars to millions. If you want to see NFTs explained in much greater detail, follow our news to learn about upcoming events, projects, and market trends. And for NFT mint events, when non-fungible tokens are created and made available for purchase, there’s the TradeCrypto NFT mint calendar.
TradeCrypto x Subsocial Contest Winners!
Here we go with Spacers NFT Collection contest results! We’re excited to announce the four lucky winners, who will each receive a Spacer pod NFT with a TradeCrypto patch. Thank you to all of the participants who entered the contest and purchased Spacers and equipment. We hope you had a blast on this one-of-a-kind journey […]
Half of 2022 NFT volume is wash trades
New research by hildobby, an anonymous data analyst for DragonFly and Dune, has shown that up to 80% of trades in January 2022 were wash trades. As you can see from Dune Analytics’ data table, the record increase in turnover in January this year was due to interest in NFTs and wash trades. January trading […]
Scott+Scott files lawsuit against Yuga Labs
According to the class action lawsuit, Yuga Labs and Bored Ape Yacht Club executives failed to disclose their connections to celebrities promoting the NFT project, violating state and federal laws. Related: Crypto Digest From TradeCrypto.com #179 After a series of investigations into Yuga Labs. Scott+Scott law firm filed lawsuit in the U.S. District Court’s Central District […]
NFT sales surge for the first time in 7 months
NFT sales in November rose for the first time in seven months to $568.19M, despite the sharp decline in the overall crypto market caused by the FTX collapse. Over the past 30 days, NFT sales have been 22.37% higher than October’s sales. According to CryptoSlam NFT Global Sales Volume Index, November sales grew 13.2% in […]
Pudgy Penguins collection sold out at Sotheby’s
The new Pudgy Penguins NFT collection, “Snowed In: A Rare Pudgy Penguins Sale”, was sold out at a famous Sotheby’s art auction for nearly $129K. Ten penguins of the collection, including rare perks such as golden skin and additional egg, cost a new owner an average of $12.9K, way higher than the floor price on […]
Ethereum NFT Marketplace Blur Launches With Free Airdrop for Traders
Blur, an NFT marketplace, has announced its formal debut and is giving away Care Packages containing its token $BLUR to anyone who has traded NFTs in the previous 6 months. Additionally, those who post an NFT on Blur during the next two weeks will be eligible for the airdrop. The airdrop is only available for […]
CoinShares Unveils Twitter Bot for Estimating Fair NFT Prices
Trading and digital asset investment group CoinShares has launched its Twitter NFT bot, designed to tell the users a fair price of NFTs based on a variety of factors. The bot uses the NFT price index constructed by CoinShares. It makes estimates based on data sets from the largest NFT marketplace, OpenSea. Moreover, the bot […]
OpenSea Becomes Official Partner of Warner Music Group
Warner Music Group announced that it has entered into a partnership with the NFT marketplace, OpenSea. The collaboration is supposed to increase Warner Music artists’ Web3 presence, including Madonna, Ed Sheeran, and Cardi B. As part of the deal, OpenSea will secure the artists an early place in the NFT marketplace future products. In addition, […]