BlockTraderHub.com is your crypto intelligence headquarters. It offers a data-driven look at the dramatic collapse in floor prices across top NFT collections since their peak in 2021. In this article, we’ll discuss the reasons behind the declining worth of NFTs. It will teach shoppers about the dangers of investing in...
I told you so. It's a phrase I usually avoid, but in the case of NFTs, it's hard to resist. The second I heard that digital monkeys were selling for the value of a mansion, my lizard brain fired up. It thrust forth the unmistakable alarm bell of a bubble!...
Recall all those times NFTs were going to completely change the art game for artists. A new digital age, one that puts power in the hands of artists and entertainers to reach their audiences directly, without the middlemen? A rosy new picture in which creatives newly had agency over their...
CryptoPunks, one of the earliest and most iconic collections of non-fungible tokens (NFTs). As with other speculative arts markets, since the NFT market peaked in the spring of 2021, its value has fallen by over 90%. Featuring 10,000 unique pixel-art characters on the Ethereum blockchain, CryptoPunks once commanded premium prices,...
Remember the gold rush? The chaos and dysfunction of the land grab, the creation of boom towns overnight, and the ghost towns that were their legacy? The NFT craze sure seemed like all that, right? We’re all partially to blame—we all fell for the hype and the promise of easy...
One of the largest sellers of CryptoPunk NFTs has just pleaded guilty to tax evasion. This is an important precedent first for matters in the newly minted and fast-paced digital asset world. Thomas Carter Wilcox hid more than $13 million in income. Those earnings all came from the sale of...
Blockchain Monad, a rising star in the blockchain space, is accelerating quickly, especially in the Non-Fungible Token (NFT) sphere. The platform recently launched its own testnet, which has seen phenomenal growth, attracting over a million wallets. Alongside it, NFT has inspired a dynamic culture of builders, collectors, and artists. Monad,...
A $10 million loss. Just gone. And that’s what just happened to the poor sap that spent $16 million on a CryptoPunk and just days ago sold it for $6 million. An NFT – a Non-Fungible Token. A digital certificate of ownership for a specific object or work of art,...
The realm of Non-Fungible Tokens (NFTs) has become widely known for its whiplash-inducing ups and downs. Lately, proverbial mattresses full of cash have frozen the market to its core. CryptoPunk #3100’s recent sale was at a 95% loss. This event serves as a reminder of the risks of investing in...
Alright, now let’s talk about that elephant in the digital room. That’s how someone just took a $10 million dollar bath on a CryptoPunk. Ouch. Now maybe you’re saying to yourself, “NFTs are dead! I was right all along! And honestly, I get it. Seeing headlines like that one can...