FK500 Index Feature

Top blockchain and crypto news: Hong Kong mulls Bitcoin ETFs, Ordinals flip Ethereum NFTs, IPO comes full circle.

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

The last time Bitcoin transaction fees were this high was on June 6.

Magic Eden Ethereum will be the first major marketplace to contractually obligate creator royalties.

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

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

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.

Following OpenSea’s decision to cut creator royalties, artists are seeking more creator-centric alternatives, but industry experts told Forkast that the decision could impact the entire NFT space in the long term.

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

NFT markets fear more enforcement action may be heading their way, while NFT offerings as securities fail to convince the SEC.

Oasys, a blockchain-based game development platform, will team up with non-fungible token (NFT) marketplace αU market and cryptocurrency wallet αU Wallet – a crypto wallet by KDDI, one of Japan’s top three telecom companies – for users to trade NFTs on the αU market. See related article: Weekly Market Wrap: ETF developments bolsters Bitcoin above […]

Animoca Brands announced Monday that it has raised US$20 million to accelerate the development of Mocaverse, its flagship project.

Toncoin led gainers in the top 10 cryptos after it saw stronger investor interest since the launch of its new programming language, Tact.

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.

A U.S. court’s landmark decision to side with Grayscale on its Bitcoin ETF application to the SEC sent crypto prices upward Wednesday morning in Asia.

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

The U.S. SEC charged Impact Theory, a Los Angeles-based media and entertainment company, on Monday with offering unregistered securities in the form of NFTs.

NFTs are now capable of being interactive and changing with the weather, user location and time of day. What are the downsides and challenges ahead?

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

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.

Y00ts, a non-fungible token (NFT) collection that has been the second most traded NFT collection on Polygon over the past week, announced that it will migrate to Ethereum, the world’s largest blockchain for NFTs. 

Coinbase Global announced the public launch of its Ethereum layer-2 blockchain Base on Wednesday.

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.

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

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.

Sky Mavis announced on Tuesday a partnership with the CyberKongz NFT project to introduce a PFP collection to the Ronin blockchain for the first time.

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.

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

For years, crypto and NFT investors enjoyed tax advantages that holders of stocks and bonds do not have, but legislation on the horizon could end that loophole.

ApeCoin DAO, the decentralized autonomous organization behind the ApeCoin cryptocurrency, has replaced Animoca Brands chairman Yat Siu and Reddit co-founder Alexis Ohanian, in its special council that oversees the Ape Foundation.

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

Top blockchain and crypto news: Wall Street backs new crypto exchange. NFT traders remain cautious. Alibaba’s incoming chairman is a crypto fan.

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

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

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

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.

Pudgy Penguins CEO Luca Netz says he aims to revolutionize the NFT marketplace, shifting focus from creating virtual assets out of “thin air” to generating real-world revenue via licensing.

Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.

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

A significant drop in Solana’s monthly NFT sales coincides with a boom in Bitcoin NFTs. Experts believe Bitcoin could soon challenge Ethereum’s dominance in the market.

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

Unpacking the NFT disparity at Veecon & BTC Miami 2023: established ETH vs emerging BTC. CryptoSlam seeks to bridge the gap.

Binance Marketplace, Binance’s NFT trading platform, is launching a new service Friday where users can loan Ether by using NFTs as collateral.

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

Ordinals inscriptions have slowed down this week but Bitcoin continues suffering from congestion issues due to the BRC-20 craze.

Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies.

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

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

Bitcoin network faces heightened congestion with over 5 million inscriptions, exacerbating block space demand as BRC-20 tokens achieve a market cap milestone of $1 billion, contributing to increased activity on the network.

The startup, originally incubated by the South China Morning Post, has closed a financing round led by Blue Pool Capital and Animoca Ventures.

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

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.

Sotheby’s, which accounts for 24% of global art auction sales, has launched an online secondary marketplace for its curated NFTs as the 279-year-old auction house for fine art expands its push into digital assets.

Mad Lads has been the best selling NFT collection in the world since its launch that was delayed last week due to a DDOS attack.

Tensor topped Magic Eden’s sales volume on Wednesday afternoon in Hong Kong, giving it a brief stint as Solana’s top NFT marketplace. 

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

A new memecoin craze is raising Ethereum transaction fees, but it’s also bringing new liquidity in for non-fungible tokens.

Mempool congestion issues subsided after the Bitcoin network surpassed 1 million Ordinals inscriptions.

Leading auction house Sotheby’s said it will sell NFT artworks owned by the bankrupt crypto hedge fund Three Arrows Capital.

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

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

The Bitcoin Network has recorded over 1.05 million Ordinals inscriptions within the first three months since launch.

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

Bitcoin and Ether rose during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Litecoin posting the biggest gains.

Bitcoin and Ether fell during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Binance’s BNB sustaining the biggest loss in the top 10.

Magic Eden, the largest Solana-based non-fungible token (NFT) marketplace, has launched its “audited” Bitcoin Ordinals for NFT traders.

The IRS intends to tax NFTs as collectibles in the U.S. and is soliciting public opinions on the proposal through June.

South Korean singer G-Dragon has launched an NFT collection on OpenSea in collaboration with Fandom Studio.

Digital asset platform Anchorage Digital will lay off 75 employees as it restructures to meet regulation challenges.

Amid the NFT hype in 2022, Chinese buyers’ complaints about NFT scams and price manipulations surged 30,000% to 59,700 from 198 in the year before.

Meta Platforms, the parent company of Facebook and Instagram, will wind down its non-fungible token operations on both social media services.

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