Forkast.News is now Forkast Labs

Articles by

Yehudah Petscher

Yehudah is an NFT Strategist at Forkast Labs. He is currently the community manager at Ozzy Osbourne's CryptoBatz and mentors blockchain enthusiasts through multiple personal projects. He has worked for more than two decades in the world of technology and over seven years in crypto.

November 2023

NFTs are mainstream again?

The Simpsons dedicates its annual Halloween special to NFTs, as data signals continued uptrend in the NFT market.

NFT’s October treat

October sees NFT resurgence with US$300 million in sales despite negative trade profits; SoFi platforms face challenges amid financial scrutiny.

October 2023

NFTs dressing up as a bull?

Amid Bitcoin’s ‘Uptober’ surge and Friend.tech’s security concerns, traders pivot back to NFTs, spurred by Blur’s rewards end date and potential Bitcoin ETF approvals.

Traders split from Blur for fractionalized NFTs

As the NFT tide shifts, traders seek new horizons. While Blur and OpenSea grapple with change, SoFi and fractionalized assets emerge as the next big wave.

Pudgy Penguins were bred for the NFT Winter

As ‘Floptober’ rattles the NFT world, Pudgy Penguins emerge as unlikely victors, spotlighting the potential of IP-focused tactics.

Uptober in crypto, Floptober in NFTs

October’s ghouls and ghosts seem to spook NFT markets too. While Bitcoin shines bright every autumn, NFT traders brace for a ‘floptober’ dip.

September 2023

NFTs are 94% worthless and also up over 52,000%

Amidst the cycles of blossoming and withering in the NFT marketplace, a significant majority of NFTs find themselves succumbing to worthlessness, leaving the persistent 5% to defy the fleeting trends.

There’s a new game in town

Zynga’s free Sugartown Oras NFTs spotlight the power of mystery in the digital asset realm as prices surge on speculation.

Bitcoin collectibles: a diamond in the rough

Bitcoin’s NFT sales dip mirrors early challenges of Ethereum; is the pioneer blockchain set for a comeback in the collectibles market?

The End of the Beginning for NFTs

SEC charges shake NFT market as pricey assets record losses and global sales hit new lows, marking the onset of a transformative era for digital collectibles.

August 2023

A Dark but necessary time for NFTs is here

From Miami parties with A$AP Ferg to a historic NFT market slump: The highs and lows of the NFT world.

Rising tide or sinking ship

OpenSea’s royalty policy change ignites debate between tech advocates and creators. Mark Cuban calls it “a huge mistake as NFT market slides 6%.

Alotta NFTs, alotta volume

NFT data reveals a staggering 876,000 transactions across DMarket, DraftKings, Gods Unchained, and Sorare. DMarket alone boasts over 15 million NFTs. Combined, these giants account for nearly one-third of all NFT transactions.

NFT gamers ready to get wrecked

Wreck League: New PVP NFT game with custom mechs set to dominate. Partnerships with Yuga Labs and Bored Ape Yacht Club promise big potential in shifting NFT market landscape.

The diversity in NFTs

NFT trading volumes continue to stay low but gaming NFTs gave traders some positive news this week.

July 2023

Sky Mavis and CyberKongz Plan to Win Together

CyberKongz plans a shift to the Ronin blockchain alongside Axie Infinity as Sky Mavis gears up for its first PFP collection and third-party NFT mint.

NFTs, Where did the buyers go?

Despite ample Ethereum holdings, traders appear less willing to invest in NFTs. Ethereum wallet growth data in 2023 suggests low NFT sales, while Ether used for NFT sales has dropped to 2021 levels.

NFT recovery or new bottom discovery?

Blur has been adding demand for specific collections by incentivizing floor NFT trading, which may have mitigated aggressive price undercutting for liquidty.

The NFT market’s historic new lows

NFT market recovers after Azuki’s Elementals mint debacle as traders report liquidity issues amidst price tumble.

Generative Art – The Golden Goose of NFTs

Dmitri Cherniak’s generative art NFT, ‘The Goose’, sold for US$5.4 million at Sotheby’s. The sale, a second highest for generative art, signals NFT art’s growing prominence and potential in the Web3 era.

June 2023

Can Azuki’s new Elementals spark the entire NFT market?

Azuki’s Elementals launch may be a turning point for the NFT market, with the continued decline of top projects’ floor prices.

Ordinals inspire a new type of Ethereum collectible called Ethscriptions

Ethereum developers inspired by Bitcoin’s ordinals launch ‘Ethscriptions’, a new on-chain collectible.

Whales are feasting on NFT Art

Sotheby’s NFT auction sees Ringers #879 rise to the record books as one of the highest ever generative art in Ether value.

How low can NFTs go?

SEC scrutiny sends NFT market into downturn. Traders liquidate or hold off as Forkast 500 NFT Index hits all-time low amidst crypto turbulence.

SEC FUD can’t stop the fun in NFTs

NFT Community Resilience: Amid SEC scrutiny, builders thrive with Bitcoin NFTs soaring, Polygon’s mystery unveil, art sales surging, and IP licensing advancements.

Inside The Sandbox: A glimpse into the metaverse with co-founder Sebastien Borget

Sebastien Borget of The Sandbox and Yehudah Petscher of Forkast Labs discuss the promise of the metaverse, the role of NFTs and the potential impact of Apple’s Vision Pro.

Apple’s VR/MR Brings the metaverse back into focus

Apple’s Vision Pro VR is the new door to the metaverse. This headset may not be the first, but like CryptoPunks, it’s set to redefine how we see and use NFTs

Return of the NFTs?

NFTs reach new heights as May sees record-breaking transactions, hinting at widespread adoption.

May 2023

The Flippenings: Bear to Bull Market and Ethereum NFTs to Bitcoin Ordinals

China’s possible entry into NFTs, Russia’s crypto payments, and new token standards fuel market optimism.

VeeCon: Rekindling the NFT Community’s Fire

VeeCon 2023 NFT conference inspires and strengthens the market with community focus and innovation. Gary Vaynerchuk’s keynote resonates with fans worldwide.

Bitcoin history shows first financial transaction was almost an NFT

Internet sleuths unearth the first financial transaction on Bitcoin, showcasing the potential of NFTs.

Elon Musk’s NFT rocket launch. What has he done to Milady?

NFTs were ready for takeoff this week and Elon Musk’s tweet blasted it off.

Gamers stand to win big with NFTs, they just don’t know it yet

NFTs are changing in-game item ownership and value, yet the gaming industry remains skeptical. With microtransactions set to exceed $76 billion this year, it’s time for gamers to understand the benefits of NFT technology.

A tidal wave of wash sales makes up most NFT volume

CryptoSlam introduces new wash trade metrics to help traders and professionals uncover the truth behind NFT sales volumes across major blockchains.

Ethereum had over US$635 mln in NFT wash trades in April, CryptoSlam reveals

Nearly 60% of April NFT sales on Ethereum have been flagged as wash trades, with Blur marketplace’s token farming incentivizing the activity, CryptoSlam data shows.

Trading, talent and tech leveling up in NFTs

NFT prices and trading volume are dropping but this could be an indicator of a maturing market.

April 2023

NFTs: Bear Market or Burst Bubble?

The culture of collecting unique digital assets may be here to stay, but data suggests that NFT prices may continue to fall.

Politics will be Trojan Horse for NFTs

Former President Donald Trump’s NFT collection’s floor price may be dropping, but media coverage may extend his profits from the digital trading cards.

Forkast NFT indexes reveal the hidden costs of y00ts, DeGods’ moves across blockchains

Forkast Labs’ NFT indexes reveal Polygon’s US$3 million incentive to move y00ts over to its blockchain may have cost its users.

NFT.NYC is back to deliver the Woodstock of NFTs

The NFT industry is gathering at New York for NFT.NYC, but the overloading frequency of events could be causing “event fatigue.”

Blur nemesis OpenSea releases OS Pro trading tools, Gemesis NFT

OpenSea has reignited the marketplace battle by introducing its own pro tool. What’s in it for NFT traders?

Polygon SDK: Helping shape NFTs at scale

Polygon blockchain is gaining traction among traders with fast transactions, low gas fees and Ethereum’s provenance. From hosting popular games to partnering with major brands, Polygon’s versatility is one to watch.