Meta & NFT

2022-12-05 14:55:25 Top NFT Tokens This Week: ApeCoin, Flow, Chiliz Jumps Up

Top NFT Tokens This Week:
In the NFT Ecosystem, top tokens, ApeCoin has taken a jump of 4.77% in the last 24 hours. Flow, has risen by 5.51%. Chiliz soared by 1.46%. The Sandbox is up by 6.15%.

The biggest gainer in the last 24 hours is Axie Infinity with a double digit pump of 22.83%. The second in the list is GET Protocol which has gone upwards by 19.65%. The biggest loser is Battle World with a dip of 10.83%.

The market cap for NFT is currently at 145.93 billion USD, a rise of 4% over the last day. The trading value is also up by 23.2%.

The NFT tokens have been reacting to the situation of the market positively. Major coins in the crypto market is trading in green today with a decent increase in the past 24 hours.

META & NFT WORLD Open / Comment

2022-12-01 13:02:12 EU Crypto, NFT Providers Must Report Tax Details Under Leaked EU Plan

A draft bill seen by CoinDesk also covers stablecoins, derivatives and companies outside the bloc.
Crypto providers will have to report details of their European Union clients’ transactions to national tax authorities within the bloc, under a bill set to be proposed by the European Commission next week.
The new law, inspired by international standards designed to curb crypto tax evasion, could also apply to stablecoins, derivatives and non-fungible tokens (NFT), and force even non-EU based crypto providers to register within the bloc, the document reveals.

META & NFT WORLD Open / Comment

2022-11-25 12:00:31 NFTs Are Dead? Even in Bear Market, a Bored Ape Sells for Nearly $1 Million
The golden-fur Ethereum NFT sold for 800 ETH, or about $927,000, even as wider Bored Ape Yacht Club prices trend downward.

It was sold by Chain CEO Deepak Thapliyal, who previously purchased a CryptoPunks NFT for a record-setting $23.7 million

META & NFT WORLD Open / Comment

2022-11-23 12:00:49 Argentina Fan Token Drops 25% Following World Cup Defeat by Saudi Arabia

Riding emotions from its loss in the FIFA World Cup 2022 to Saudia Arabia, the price of the Argentina fan token tanked by more than 25%. For the victors, the floor price of their Saudi Arabian-themed nonfungible token (NFT), ‘The Saudis,’ blasted off

The ongoing FIFA World Cup in Qatar is one of, if not THE most trending global event currently taking place. Given the enthusiasm among enthusiasts from across the world, fan tokens saw a fresh surge in the run-up to the first set of matches.

As of Nov. 23, 2022, fan token sales for the month were roughly $6.9 billion, with an all-time sales volume surpassing the $175 billion mark. Given the results of individual matches, respective token prices could swing wildly.

META & NFT WORLD Open / Comment

2022-11-21 14:20:14 FTX Says It Owes Over $3 Billion to Its 50 Largest Creditors
Although names are redacted, a court filing reveals more of the magnitude of the collapse of the exchange.

Cryptocurrency exchange FTX said it owes $3.1 billion to its top 50 creditors, according to documents filed Saturday in Delaware bankruptcy court.

Even though the filing did not disclose the names of the parties wrapped up in the swift demise of FTX, the document makes clear the scope of the potential losses its clients face.

META & NFT WORLD Open / Comment

2022-11-18 13:00:13 Coachella NFTs Sold for $1.5M—Now They’re Stuck on FTX

Following FTX’s collapse, assets on its NFT marketplace can’t be withdrawn—and some FTX-minted NFTs are broken too.
FTX NFTs users say they can’t withdraw assets from the platform following the company’s bankruptcy filing.
Coachella’s Innovation Lead said the concert festival is “actively working on solutions” to help affected NFT owners.

META & NFT WORLD Open / Comment

2022-11-16 13:00:11 BlockFi Mulls Bankruptcy Filing and Layoffs in Wake of FTX Collapse

The struggling crypto lender paused customer withdrawals last week, and is now exploring a Chapter 11 filing.
Crypto lending platform BlockFi is considering filing for Chapter 11 bankruptcy protection and preparing for job cuts in the wake of the collapse of closely-linked crypto exchange FTX.
In its exploration of next steps, BlockFi has also had talks with Binance about possible financial help.
BlockFi paused customer withdrawals last Thursday night, and on Monday reaffirmed that it would keep withdrawals paused and limit activity, acknowledging that it had “significant exposure to FTX” that limited its ability to operate as usual.

META & NFT WORLD Open / Comment

2022-11-11 13:00:17 Bored Ape Yacht Club NFT Prices Fall After FTX Sinks Crypto Market

Crypto prices are down across the board this week amid news of FTX’s liquidity crunch and alleged mismanagement of customer funds—and the market turmoil may be extending into the NFT world, as well. Popular Ethereum project the Bored Ape Yacht Club is seeing sinking prices as ETH falls and owners potentially panic-sell their valuable NFTs.

According to data from NFT Price Floor, the cheapest available Bored Ape Yacht Club NFT on the market (i.e. the “floor price”) is listed for 57.5 ETH as of this writing, or about $76,400. Measured in ETH, that’s a 7% drop over the last 24 hours. But measured in USD, given the declining value of ETH (which is down 13% this week), it has fallen almost 24% over the past day.

Amid the renewed market struggles, some investors may see CryptoPunks as more durable assets that will hold value better than other NFTs, given their status as an influential, enduring project from 2017. Open / Comment

2022-11-07 12:00:22 Meta prepares to layoff thousands of employees this week: WSJ

Meta, the parent company of Facebook, plans to cut thousands of employees this week, according to the Wall Street Journal.

Meta’s metaverse arm lost billions of dollars this year and joins other tech firms in reducing head counts.

Meta intends to cut thousands of employees in the second week of November, the Wall Street Journal reported, citing people familiar with the matter.

With over 87,000 employees at Meta, the layoffs could stand to be some of the largest employee reductions at a big tech firm.

META & NFT WORLD Open / Comment

2022-11-02 12:00:52 OpenSea Volume Hits Lowest Since June 2021 With $303m in October

OpenSea sees their trading volume decline 13% to $303 million, its lowest level since June 2021, as other NFT marketplaces take a slice of its revenue.

The secondary NFT marketplace is experiencing low volumes despite onboarding collections from Ethereum layer-two solution Arbitrum in Sep. 2022.

OpenSea’s trading volume is down 94% since hitting an all-time high of $4.86 billion in Jan. 2022. Data from Dune Analytics also shows a decline of about 86% in the ETH trading volume since the beginning of the year. OpenSea supports NFTs from multiple blockchains, including Ethereum, Solana, Avalanche, and Klatyn. Layer-two solution Arbitrum recently announced that its NFTs would be listed on OpenSea

META & NFT WORLD Open / Comment