Tag: digitalart

NFTs to $703B? 3 Reasons Why This Bull Run Is Different

NFTs to $703B? 3 Reasons Why This Bull Run Is Different

Remember the Beanie Baby bubble? Or the dot-com crash? After the hype and crash that has burned many across the NFT and crypto spaces, many are rightfully skeptical. This time just feels different. Read on for more projections of the global NFT market reaching $703.47 billion by 2034! It's audacious,...

NFTs: $703B Boom or Bust? Africa's Balancing Act

NFTs: $703B Boom or Bust? Africa's Balancing Act

The NFT market is expected to grow unimaginably to $703 billion by 2034. That’s a staggering number. But before we start imagining Lamborghinis parked outside every cyber cafe in Lagos, let's inject a dose of reality, specifically an African reality. But is it really a golden ticket or rather a...

CryptoPunk Sold at $10M Loss: What This Means for NFTs

CryptoPunk Sold at $10M Loss: What This Means for NFTs

Just like crypto, the NFT market that at one point appeared to be a complete tidal wave has been hit hard. This is highlighted by a recent high-profile sale that has sent ripples of concern throughout the digital art and collectibles world. Just recently, one trader sold CryptoPunk #3100 (an...

CryptoPunk NFT Sells for $6 Million, Investor Suffers $10 Million Loss

CryptoPunk NFT Sells for $6 Million, Investor Suffers $10 Million Loss

One investor sold a single CryptoPunk non-fungible token (NFT) for the equivalent of 4,000 ETH, or more than $6 million. This sale is the largest NFT sale in the last 30 days. As the owner forcefully argued, it resulted in a gigantic loss of almost $10 million for the owner....

Monad's NFT Boom: A Freedom-Fueled Revolution or Another Economic Mirage?

Monad's NFT Boom: A Freedom-Fueled Revolution or Another Economic Mirage?

The Monad testnet is buzzing. As of ENA’s launch, almost 100 NFT collections have sprung up overnight. Now we’re starting to witness Sealuminati Testnetooor and Skrumpet prices skyrocket. Everyone’s euphoric, and airdrop speculation is driving the mania. Before we go crowning Monad as the Web3 savior, let’s pump the brakes...