Articles filed under
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?
Ethereum validators win ‘short term’ as Blur, OpenSea rivalry drives up gas fees
Ethereum validators are benefiting from the increasingly heated competition between the two largest NFT marketplaces that is driving up gas fees, but the windfall may not last much longer.
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
Blur lives up to name as its trading volume surpasses OpenSea
Top blockchain and crypto news: Blur’s success spurs changes at OpenSea. Is Binance eyeing US exit? Taiwan asset disclosure rules may include crypto.
NFT images of anti-lockdown protests in China flood OpenSea
Pictures taken from protests against China’s zero-Covid policy across the mainland are now for sale on OpenSea, the largest NFT marketplace, as non-fungible tokens (NFT). See related article: ‘Voice of April’ NFTs highlight Shanghai struggles amid lockdown Fast facts See related article: Bitcoin price follows slide in Asia equity markets amid growing China protests against […]
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.
OpenSea unveils features to freeze stolen NFTs and malicious links
OpenSea will pilot a system that freezes the trading of NFTs involved in suspicious sales while it reviews the transaction.
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.
NFT marketplaces ditching standard royalty fees labeled “short-sighted”
After Solana’s Magic Eden marketplace said it was bowing to pressure and making payment of royalties “optional” to NFT creators, industry insiders tell Forkast the policy is wrongheaded and damaging.
OpenSea begins support for Avalanche blockchain
OpenSea, the peer-to-peer non-fungible token (NFT) marketplace, has launched native support for the Avalanche blockchain, according to the platform’s verified Twitter account. See related article: Warner Music taps OpenSea NFT marketplace to guide artists to Web3 Fast facts Starting on Oct.12, content creators on Avalanche can display, list, and trade their NFTs on the world’s […]
Warner Music taps OpenSea NFT marketplace to guide artists to Web3
Warner Music Group (WMG) has partnered with non-fungible token (NFT) marketplace OpenSea, to allow some of the entertainment conglomerate’s artists to build their fan base in Web 3.0. See related article: Warner Bros., Nifty’s release ‘Space Jam’ movie NFTs Fast facts WMG artists will get early access to OpenSea’s new “drop” product, an initiative that […]
Fungible after all? Duplicates may disrupt NFT industry after Ethereum Merge
The Merge is the most anticipated event in the crypto industry in years, but could the multibillion dollar non-fungible token industry become an unexpected casualty?
NFT Music – Changing the tune for an industry | NFT Moments in History Ep. 10
Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you a front-row seat to history-in-the-making. The business of music is a painfully difficult thing to pursue, especially for those trying to parlay passion into profit. But blockchain technology might just be […]
Celsius reveals US$1.2B financial hole; Terra subsidiary investigated
Celsius reveals it has a US$1.2 billion hole in its balance sheet. Meanwhile, a Terra subsidiary is under investigation by South Korean authorities.
The ‘CryptoArt’ Movement — It all started with Pepe | NFT Moments in History Ep. 7
Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you a front-row seat to history-in-the-making. NFTs are defining what an artistic piece is in the digital age by allowing artists to open brand new frontiers and pushing the boundaries to challenge […]
Kakao’s Klaytn partners with OpenSea for NFT expansion in Asia
Singapore-based public blockchain platform Klaytn and non-fungible token (NFT) marketplace OpenSea announced on Friday a partnership to bolster the Asian NFT ecosystem. See related article: Kakao’s Klaytn to build blockchain in China with BSN Fast facts The partnership includes conference collaborations and ecosystem grants to promote Asian NFT projects to the global audience. Klaytn is […]
FTX, OpenSea make the cut to Forbes Fintech 50
Nine cryptocurrency and blockchain companies, including crypto exchange FTX, made it to the 2022 list of the Forbes Fintech 50 released Tuesday, with all nine raising a total of US$6.5 billion in venture capital, according to the business magazine. See related article: FTX.US forays into stock trading Fast facts The latest list features private companies […]
Former OpenSea employee arrested amid insider trading allegations
The U.S. Department of Justice (DOJ) has charged Nate Chastain, a former employee of the non-fungible token (NFT) marketplace OpenSea, with wire fraud and money laundering for allegedly using confidential information from the platform to trade NFTs. See related article: Insider trading scandal rocks world’s biggest NFT platform OpenSea Fast facts The DOJ alleges Chastain, […]
Sophia the Robot launches ‘Baby Singularities’ NFT collection on OpenSea
The “social” humanoid developed by the Hong Kong-based Hanson Robotics released her non-fungible token (NFT) collection, Baby Singularities, on OpenSea on Wednesday, according to a statement on her verified Twitter handle. See related article: Meta showcases focus on AI, announces new voice assistant program Fast facts Sophia, who gained fame for being the world’s first […]
Singapore court’s blocking of NFT transfer tests legal oversight
In an exclusive interview with Forkast, the lawyer representing the claimant discusses what the result means for NFTs and digital ownership.
OpenSea delists Solana Okay Bears knockoff Not Okay Bears
Solana-based non-fungible token (NFT) collection Okay Bears copycat “Not Okay Bears” has been delisted from marketplace OpenSea after recording millions of dollars in sales. See related article: Okay Bears NFTs record sellout helps Solana net US$2B in sales Fast facts Not Okay Bears are mirror images of the 10,000 versions of the original, and have […]
South Korean police arrest man behind NFT sale of cat-like character CatSle
The Seoul Metropolitan Police Agency’s cyber bureau has arrested a 26-year-old man for allegedly defrauding nine investors of 210 million KRW (US$165,798) over the sale of non-fungible tokens (NFTs) of a cat-like character named CatSle. See related article: S.Korean regulators to strengthen watch over NFTs and the metaverse Fast facts According to the police, the […]
Indian farmers’ protest NFTs find no takers on OpenSea
Editor’s Note: A previous version of this report stated the NFT proceeds will be donated to NGO Atam Pargas. The NGO has reached out to Forkast to clarify it is not associated with the NFT project. Lekh-Haq, the organizer of the NFT has confirmed this correction to Forkast. Indian journalists and filmmakers launched farmers’ protest […]
OpenSea sales volume drops as challengers boast user rewards
OpenSea sales volume dropped by 67% over the past 30 days, according to DappRadar, as newer platforms offer rewards to lure users away from the leading non-fungible token (NFT) marketplace. See related article: NFT buyers dip for a second straight month Fast facts Sales volume on OpenSea totaled US$2.64 billion in the past 30 days, […]
Solana NFT sales gain pace after quiet OpenSea listing
Solana non-fungible token (NFT) sales have risen by more than 60% in the 24 hours coming into Monday morning Asia time after leading marketplace OpenSea added support for the network mid-last week. See related article: Solana NFT sales drop by 21% after OpenSea integration Fast facts This marks a reversal of fortune for Solana-based NFTs […]
Opensea’s Solana beta begins; Binance bails out Sky Mavis
Chinese state media calls for stronger regulations of NFTs. Meanwhile, Sky Mavis raises $150M to offset Ronin hack.
Solana NFT sales drop by 21% after OpenSea integration
Non-fungible tokens (NFTs) on the Solana blockchain have been officially docked on OpenSea but sales have dropped by over 21% in the past 24 hours. See related article: OpenSea’s Solana NFT integration, long rumored, is now real Fast facts While Ethereum continues to host the largest number of NFTs, Solana proponents argue that it is […]
New owner gives Pudgy Penguins NFTs happy feet
Prices of Pudgy Penguins non-fungible tokens (NFTs) collection recovered as the community got a new leader. They now trade at 2.85 ETH on marketplace OpenSea, and 2.98 ETH on LooksRare after hovering around 1 ETH for most of March. See related article: Why Asia is poised to be the next big market for an NFT […]
OpenSea’s Solana NFT integration, long rumored, is now real
Leading non-fungible token (NFT) marketplace OpenSea has released a teaser of its long-rumored integration of NFTs on the Solana blockchain, now planned for April. See related article: What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise? Fast facts OpenSea’s teaser video shared on Twitter on Tuesday morning Asia time displayed a […]
OpenSea blocks Iranian users, citing US sanctions list
OpenSea users based in Iran claim their accounts have been suspended from the U.S.-based non-fungible token (NFT) marketplace, in a growing list of users experiencing restrictions from cryptocurrency-related service providers due to sanctions against the Iranian government, CoinDesk reported. Fast facts See related article: Binance may join sanctions imposed on Russian targets Many OpenSea users […]
NFTs enter ‘mini-bear market’ as buyers drop to three-month low
The number of unique non-fungible token (NFT) buyers in February dropped to 843,000, in what data aggregator CryptoSlam calls a “mini-bear market.” See related article: Wash trading in NFT marketplace LooksRare can inflate prices: analysts Fast facts February’s NFT market had a 7% month-over-month drop in buyers from the all-time high set in January. February […]
Russia retreats from crypto ban as it pushes rules for industry
Moscow moves to regulate crypto. OpenSea’s security struggle. Will China cool its metaverse mania?
BAYC NFT owner sues OpenSea for $1M over hack
A former owner of a rare Bored Ape Yacht Club non-fungible token (NFT) is suing marketplace OpenSea for US$1 million or the token’s return after an exploit on the platform saw the NFT sold for a fraction of its market value. See related article: OpenSea NFT marketplace hacked for 332 ETH Fast facts Texas man […]
Korea’s KB embraces crypto; China’s NFT fever
NFTs hit resale market in China despite criticism over speculation. Meanwhile, South Korean financial giant plans crypto funds.
Jump in NFT demand reflects crypto prices, right? Wrong
An asset bought and valued in crypto becomes decoupled from crypto prices, a split that reflects the differences between crypto investors and NFT buyers.
LooksRare trails OpenSea in sales volume as developers cash out $30M
Trading volumes on non-fungible token (NFT) marketplace LooksRare dropped by more than half its daily volume since developers withdrew roughly US$30 million of its native LOOKS token and cashed out in wrapped Ether (wETH) Fast facts LooksRare was averaging daily sales volumes of around US$550 million but fell more than 50% overnight in early February […]
OpenSea CEO: $1.7M phishing not from the NFT marketplace
OpenSea CEO Devin Finzer has responded to an apparent phishing scam that targeted its users in a US$1.7 million theft of popular non-fungible tokens (NFTs) such as Bored Ape Yacht Club and Azuki. Fast facts “As far as we can tell, this is a phishing attack. We don’t believe it’s connected to the OpenSea website. […]
‘All eyes are on it:’ CryptoPunks at center of copyright legal dispute
The biggest-selling NFT collection of all time has two competing versions, threatening to undermine the value of the tokens and faith in the industry itself.
Fan tokens enjoy weekly sales surge while NFTs slump
Cryptocurrencies categorized as fan tokens surged by 27.53% in global sales volume over the past seven days while non-fungible tokens (NFTs) dropped by 31.66%, according to CryptoSlam data. Fast facts The market capitalization of fan tokens surged in tandem, rising by 41.3% over the same timeframe as NFTs also jumped by 30.4% in this measurement. […]
OpenSea delists CryptoPunks V1 after DMCA notice from Larva Labs
Non-fungible token (NFT) marketplace OpenSea has removed CryptoPunks V1, the “wrapped” edition of the original collectibles, after receiving a DMCA notice — a takedown issue by copyright holders — from creator Larva Labs. Fast facts The V1 CryptoPunks is the original issue of the collection but were replaced with exact copies — the current V2 […]
Number of unique NFT buyers soars to all-time high in January
Unique non-fungible token (NFT) buyers hit an all-time high (ATH) in January with more than 895,000 shoppers, according to data tracker CryptoSlam. Fast facts The new ATH recorded an almost 3,000% year-over-year increase and a 6.5% month-over-month growth. The number of unique sellers grew by almost 14% from December to January with 741,865 vendors, just […]
Wash trading in NFT marketplace LooksRare can inflate prices: analysts
While sales volumes on NFT marketplaces thrive, new data show much of this comes from manipulating sales — painting the whole industry in a different light.
Another NFT marketplace launches ‘vampire attack’ against OpenSea
Mark Cuban-backed non-fungible token (NFT) marketplace Mintable launched a self-described vampire attack against top marketplace OpenSea by selling popular collectibles at a loss. Fast facts Singapore-based Mintable conducted a fire sale of nine Mutant Ape Yacht Club NFTs by selling them 1 to 2 ETH below their floor price on Jan. 26, while another was […]
What is OpenSea and why is everyone talking about it?
OpenSea is the world’s largest open marketplace for NFTs. Find out what’s driving everyone there in this Forkast explainer.
Crypto market suffers mauling as bears go berserk
Top blockchain and crypto news: Market chills make investors shiver. Hacking storm at OpenSea. Has Beijing tamed NFTs?
OpenSea NFT marketplace hacked for 332 ETH
OpenSea NFT marketplace has suffered a front-end attack with the exploiter withdrawing 332 ETH (US$800,000), as reported by security and data tracker PeckShield. Fast facts PeckShield noted the issue overnight Asia time, revealing the attacker received 10 ETH from Ethereum mixer TornadoCash, which was then wrapped to wETH to carry out the attack. The non-fungible […]
Why Asia is poised to be the next big market for an NFT boom
Global NFT sales are exploding in 2022, but experts predict this is only the beginning of a bigger surge in Asia.
Upstart NFT marketplace LooksRare challenges OpenSea’s dominance
The NFT platform crosses $1B in sales volume within a week after launch, but with a controversial incentive structure and so-called ‘vampire’ attack.
New NFT marketplace challenges OpenSea’s dominance
New non-fungible token (NFT) marketplace LooksRare has outsold market leader OpenSea just a day after launch, reaching US$275.5 million in sales volume in the past 24 hours. Fast facts This compares with almost US$120 million in sales volume for OpenSea over the same period, according to DappRadar. Like its main competitor, LooksRare, which launched on […]
Is Bitcoin’s rocky start to 2022 a sign of things to come?
The 2022 crypto market has had a tough start as Bitcoin and Ethereum dipped below significant price points. But crypto experts say it’s not all doom and gloom.
Bitcoin, Ethereum price level sluggish while NFT sales volume surges
The crypto market leaders are trading sideways so far in the new year. But NFT trading volume has exploded, with strong Q1 performance expected.
CryptoPunk NFT sells for $820K, reflecting Chinese investor interest
A CryptoPunk non-fungible token (NFT) — CryptoPunk #8690 — was sold at an auction in Shanghai organized by Shanghai Jiahe Auction earlier this week for 5,232,500 yuan (US$823,300), with a starting price of 1.5 million yuan (US$236,000), reflecting growing investor interest in NFTs in China despite criticism from state-controlled media. Fast facts V.V Yu, general manager […]
Top 5 NFT trends to watch in 2022
NFTs are finding novel uses across many sectors, from fashion to real estate. What industries stand to benefit most from this technology in the year ahead?
Does content moderation on platforms like OpenSea amount to censorship?
What are the responsibilities of blockchain companies when it comes to freedom of expression? A controversial cartoonist finds out the boundaries.
Tezuka Osamu’s Astro Boy NFTs auctioned on OpenSea
Legendary Japanese manga artist Tezuka Osamu’s beloved “Astro Boy,” which was first published in 1952, has been made into NFT (non-fungible token) collectibles, one of which was listed on OpenSea for auction. Fast facts With the help of NFT solution startup double jump.tokyo, Tezuka Productions launched its first official NFT art project — “From the […]
Bored Ape Yacht Club teams up with Animoca Brands to develop play-to-earn game
Bored Ape Yacht Club (BAYC), one of the most successful non-fungible token (NFT) collections, is joining hands with Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and NFT company — to develop a play-to-earn game utilizing BAYC’s popular avatar NFTs, according to a company statement. Fast facts The new game, which will feature play-to-earn […]
Twitch co-founder is building a marketplace for gaming NFTs
Justin Kan, co-founder of livestreaming platform Twitch, announced he will be launching Fractal, a new marketplace for gaming non-fungible tokens (NFTs). While the OpenSea NFT marketplace may be the largest, Fractal is not competing directly — it is betting on a niche in gaming NFTs. Fast facts The announcement comes days after a Twitch plug-in […]
OpenSea CFO dismisses IPO talk after community backlash
New OpenSea chief financial officer Brian Roberts has clarified that the company is not actively planning for an initial public offering, days after his comments riled the OpenSea NFT community. Fast facts In a tweet on Wednesday, Roberts wrote: “There was inaccurate reporting about @OpenSea’s plans. Let me set the record straight: there is a […]
OpenSea’s Wall Street waltz disappoints NFT devotees
OpenSea IPO plans in choppy waters. Crypto markets crumble. Bitcoin mining power struggles.