How NFTs can protect creators and fortify their legal rights

The digital era has made piracy rampant and copyright enforcement difficult, but blockchain technology is shifting power back to creators, writes Wes Levitt of Theta Labs.

The NFT sector is just getting started. Here’s what lies ahead

What began as novel collectibles and rampant speculation is maturing into real-world utility across a multitude of industries, writes Tom Chalmers of Banxa.

Solana NFT sales surge as traders farm for Tensor rewards

The Forkast SOL NFT Composite dropped 6.13% over the past week while sales increased. Industry expert suspects casino-like behavior of traders moving funds to new projects.

Bet on the Black? Take a punt on the Red? Or maybe put it all down on an NFT?

Savvy traders are quick to extract liquidity to reinvest into the “slot machines” of the NFT casino, according to CryptoSlam’s NFT strategist.

Most of NFT industry working on recycled liquidity, says Forkast Labs’ co-founder

NFT sales and market capitalization show rising investor activities, but recycled liquidity and wash trading may tell a different story, Forkast Labs co-CEO says.

The Future of NFTs

As multi-chain NFTs take off, Forkast Labs launches a vital new way to measure value on the blockchain.

Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop

The number of unique buyers rose to an all-time high this week after crypto exchange Coinbase dropped free NFTs to celebrate the launch of its new Layer 2 network Base.

Blur NFT wash trading soars, fueling market distortions

Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.

NFT Fake Sales

The NFT market took a hit during the crypto winter, and as signs of healing start to show, there are concerns that some of the transactions are fake.

At least US$577 million of Blur-linked NFT sales are wash trades, CryptoSlam says

NFT data aggregator Cryptoslam has flagged more than half a billion dollars worth of NFT wash trades related to Blur since the marketplace’s Valentines airdrops started

Weekly NFT sales surge amid marketplace Blur’s new round of token airdrop

NFT sales more than doubled this week, with NFT marketplace Blur remaining the talk of the town.

Weekly NFT sales spike after Blur’s Valentines airdrop

Blur.io, the NFT marketplace that beat OpenSea’s trading volume in the past month, airdropped its platform tokens on Valentine’s Day, contributing to the global NFT sales increase this week.

NFT’s Bitcoin Future

Could there be a shift in Ethereum’s monopoly of the NFT world as new technologies arise?

New Bitcoin protocol may shake up the NFT market

Bitcoin has long been the world’s largest cryptocurrency blockchain, but non-fungible tokens or NFTs were always the domain of Ethereum. A new protocol could change that, and some in the Bitcoin community are not too pleased.

China NFT platforms expand into Hong Kong in face of compliance risks on mainland

Hong Kong’s new digital asset-friendly policies could set the city up as the home for secondary NFT marketplaces from China as trading of ‘digital collectibles’ remains a gray area on the mainland.

NFT December sales surge to highest since June amid ‘tax-loss harvesting’

Slump in prices of some non-fungible tokens and other digital assets allows U.S. holders to take advantage of a loophole to reduce capital gains taxes.

Will non-financial use cases of NFTs emerge in 2023?

MetaKovan, owner of the world’s most expensive NFT owned by an individual, believes that crypto and blockchain are still the remedy for human corruption.

Blockchain gets religion? Taiwan temple mints NFTs of local sea goddess

A centuries old Taiwan temple dedicated to a popular goddess has latched onto non-fungible tokens or NFTs as a means for worshippers to get access to pilgrimages and other events.

NFTs may become the “Lego blocks” of Web3 in 2023, Gary Liu says

Gary Liu of Artifact Labs believes that NFTs will gain more utility and become the building blocks of Web3

Could NFTs have prevented Taylor Swift’s concert tickets debacle?

The trillion-dollar concert ticketing sector is plagued by scalping and other Web2-era problems, writes Ryan Kenny of SeatlabNFT. Here’s how blockchain can help fans and artists.

NFTs a safe haven?

Sales and value of NFTs sold has ticked up for the first time in seven months. Could this be a sign the NFT market is starting to mature?

NFT sales rise for first time in 7 months in November despite crypto price slump

NFT investors seemingly see opportunities in a month full of surprises and headwinds for the broader cryptocurrency market.

China activists use NFTs, decentralized technology to counter censorship

Many are minting NFTs and posting articles on Matters, a decentralized content-sharing platform, amid protests across China against Covid-19 lockdowns that turned political.

Why fears of a dying NFT market are overblown

The NFT ecosystem is doing better than what selective data would have us believe, writes Long Do of Anomura. But the sector should know that people want more than just a pretty picture.

NFT sales decline for sixth straight month despite tailwinds

While October saw the emergence of two very popular NFT collections, sales failed to break US$500 million in the lowest figures since July 2021.

FastForkast headlines

Magic Eden introduces Bitcoin Ordinals for NFT traders

Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes

K-pop star G-Dragon launches NFT on OpenSea with Fandom Studio, BNB Chain

Enterprise software giant Salesforce partners with Polygon for NFT-based loyalty programs

Bitcoin, Ether, Forkast 500 NFT index fall; euros rises amid Credit Suisse’s loan

Bitcoin, Ether, Forkast 500 NFT index extend gains; U.S. banking crisis concerns ease as inflation slows to 6%

Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

China regulator says NFT-related complaints skyrocketed in 2022

Meta plans to wind down NFT initiatives on Facebook, Instagram to focus on other services

Bitcoin, Ether, Forkast 500 NFT index close lower on the day

Forkast 500 NFT Index slides, Polygon blockchain NFT sales jump nearly 250%

Bitcoin, Ether fall amid interest rate hike fears, Silvergate liquidation; Forkast NFT 500 index slips 0.79%

China’s parliament member to propose NFT regulation at ‘Two Sessions’

Forkast 500 NFT index dips, Vitalik-linked NFT token gains momentum

Bitcoin, Ether fall amid U.S. Fed chair warning of more interest rate hikes; Forkast NFT 500 index slips 0.65%

Forkast 500 NFT index slips, BAYC NFTs leads in sales volume

Forkast 500 NFT index edges up, Animoca Brands’ NFT collection leads in sales

Bitcoin, Ether inch up as investors await U.S. Fed chair’s comments; Forkast NFT 500 index dips 0.44%

Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips

Momoguro NFTs sell out in 9 hours, generates US$7.6 mln of sales

Yuga Labs to launch its first Bitcoin-based NFTs TwelveFold

South Korea’s Lotte Group partners with Polygon for global NFT drive

Bankrupt crypto lender 3AC’s liquidators set to dump millions worth of seized NFTs

Creepz NFT sales surge 239% following Spotify partnership news

NBA partners Chinese fintech giant Ant Group to launch NFTs in China

Chinese NFT marketplace Jingtan eases asset transfer restrictions

Jury sides with fashion giant Hermès in MetaBirkins NFT case

Beijing football club launches NFTs ahead of its virtual stadium launch

Beijing regulator warns about NFT speculation, illegal fundraising. Crackdown coming?

NFTs inspired by K-drama Crash Landing on You coming from Crypto.com, Studio Dragon

Chinese liquor giant Moutai unveils NFTs linked to liquor bottles

Prime Minister Fumio Kishida says NFTs and DAOs can bolster ‘Cool Japan’ strategy

Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

China’s ‘Instagram’ gets NFT makeover with Conflux

China’s Hainan province to step up NFT supervision

S. Korean court says NFT game items are speculative, adds on to P2E ban

Magic Eden NFTs display explicit content, ‘Big Bang Theory’ images

China state-backed NFT trading platform to launch on Jan. 1

Top Solana NFT projects find new homes on Ethereum, Polygon

Trader loses 70 ETH over bug in NFT marketplace Blur 

NFTs ruled virtual property in China, its sales protected by law

Coinbase disables NFT transfer on iOS app, citing hefty in-app fees

NFT images of anti-lockdown protests in China flood OpenSea

NFT platform, art collective launch collaboration in aid of Ukraine

LG Electronics seeks Web3 talent for blockchain, NFT efforts

OpenSea unveils features to freeze stolen NFTs and malicious links

Instagram to allow creators to mint and sell NFTs through the platform