We applaud the emergence of NFTs, the potential of art to be democratized and shared, a new world of digital ownership. OpenSea, Rarible, Crypto.com – these names slide right off the tongue like the household monikers of the tech titans of a new era. If not, are we just kidding...
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...
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...
Yes, the headlines are brutal. CryptoPunk #3100, once a $10 million NFT marvel, now languishes on the market for 0.5% of its value. You are witnessing NFTs that were purchased for millions of dollars being resold for what seems like a few bucks. Are NFTs dead? Not even close. This...
Alright, now let’s deal with the unpopular opinion question. A CryptoPunk, #3100, sold on Friday for the equivalent of 4,000 ETH. Sounds good, right? Except it wasn’t, since it had been bought at a net cost of about $10 million higher than this sale price. Headlines scream "NFT crash!" and...
So despite a tumultuous few months for the NFT market, Magic Eden CEO Jack Lu remains optimistic. In a positive outlook for the future of NFTs, he told Fortune that…At BlockTraderHub.com, we're committed to bringing you the latest insights into the crypto world, and Lu's perspective offers a valuable outlook...
Magic Eden, a prominent NFT marketplace, is strategically employing its ME token rewards program to solidify its position in the competitive NFT landscape. This is a big deal especially as this new initiative seeks to compete directly with upstarts like OpenSea and Tensor. The introduction of the $ME token represents...
We are a world overwhelmed by the digital clutter. Memes are recycled hourly, content is ripped and redistributed without credit, and the very notion of owning anything online feels increasingly tenuous. So, is it any surprise that we sense this loss, that for many of us there’s an unsettling, stomach-churning...
The NFT market is just booming—valued today at $3 billion, with projections saying it can get as high as $40 billion by 2031. Three big things are driving this increase. While each one is unique, they all play a vital role in the growing adoption and integration of NFTs into...
