NFT sales plummet 92% as market ‘collapses’
2 years, 7 months ago

NFT sales plummet 92% as market ‘collapses’

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Analysis by the website NonFungible, first cited by the Wall Street Journal, found that NFT sales fell to a daily average of 19,000 this week, compared to 225,000 seven months ago. The article concluded: “The NFT market is collapsing.” Data from Google Trends also shows that online search interest in the technology – which allows assets like digital artwork to be traded and stored through online ledgers – has plummeted by 89 per cent since peaking in January 2022. Last month, the Royal Mint announced that it would create an NFT backed by the UK government this summer as “an emblem of the forward-looking approach” it wished to take. “Unlike the EU and US, the UK has a small number of regulators, and central government sets the overall framework and can take decisive action,” the economic secretary John Glenn said at April’s Innovate Global Finance Summit 2022.

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History of this topic

‘Pathetic attention grab’: Trump brutally mocked after his major announcement turns out to be ‘just a grift’
2 years ago

‘Pathetic attention grab’: Trump brutally mocked after his major announcement turns out to be ‘just a grift’

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Twitter Founder Jack Dorsey's First Tweet That Was Sold For $2.9 Million Last Year Is Valued At Just $280 Now
2 years, 8 months ago

Twitter Founder Jack Dorsey's First Tweet That Was Sold For $2.9 Million Last Year Is Valued At Just $280 Now

News 18  

Twitter founder Jack Dorsey’s first-ever Tweet was last year sold as a non-fungible token for $2.9 million. Estavi, who had purchased the NFT last year in March, listed it for re-sale on OpenSea for $48 million. Sina Estavi bought Twitter founder Jack Dorsey’s first tweet as an NFT for $2.9 million last year. The entrepreneur has had two failed crypto …

NFT marketplace that sold Dorsey tweet shuts down because it can't deal with fakes
2 years, 10 months ago

NFT marketplace that sold Dorsey tweet shuts down because it can't deal with fakes

India Today  

Cent, the NFT marketplace, which sold ex-Twitter CEO Jack Dorsey’s first-ever tweet as an NFT, has put the transactions on hold. "There's a spectrum of activity that is happening that basically shouldn't be happening - like, legally," said Cameron Hejazi, CEO, and co-founder of the NFT marketplace Cent told Reuters. Every time we would ban one, another one would come …

Twitter is Giving Away 'Free' NFTs to Users, But There's a Catch
3 years, 5 months ago

Twitter is Giving Away 'Free' NFTs to Users, But There's a Catch

News 18  

Joining the bandwagon of Non-Fungible Tokens, American social media giant Twitter announced last week that it will be distributing 140 of its digital artwork for free to selected users. To receive one of these NFTs, users had to tweet at Twitter or tweet about the giveaway, following which users will receive directions from the company on how to claim the …

Gary Vaynerchuk: NFT is the next big thing
3 years, 7 months ago

Gary Vaynerchuk: NFT is the next big thing

CNN  

New York CNN Business — Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art. Vaynerchuk’s VeeFriends NFT collection will give buyers three-year access to his VeeCon business and marketing convention. Gary Vaynerchuk: Only two times I have been told I’ve gone too far: Putting my dad’s …

Jack Dorsey's first-ever tweet sold for $2.9 million as a blockchain certificate
3 years, 9 months ago

Jack Dorsey's first-ever tweet sold for $2.9 million as a blockchain certificate

India Today  

A few days ago Twitter CEO Jack Dorsey had put up his first-ever tweet for sale as an NFT. Dorsey’s first-ever tweet which was posted in 2006, read “just setting up my twitter” now belongs to Malaysia-based buyer Sina Estavi, who owns a blockchain company Bridge Oracle. The tweet was sold on NFT trading platform Valuables, which is owned by …

Twitter boss Jack Dorsey’s first tweet sells for $2.9m
3 years, 9 months ago

Twitter boss Jack Dorsey’s first tweet sells for $2.9m

Al Jazeera  

The tweet was sold as a non-fungible token, unique digital assets that are growing rapidly in popularity; the proceeds were given to a charity working with COVID-affected families in Africa. Twitter boss Jack Dorsey has sold his first tweet from over a decade ago in the form of a unique digital asset for slightly more than $2.9m. Dorsey’s tweet – …

Jack Dorsey's First Tweet Fetches Rs 18 Crore in Auction. This is What Twitter CEO Had Tweeted
3 years, 9 months ago

Jack Dorsey's First Tweet Fetches Rs 18 Crore in Auction. This is What Twitter CEO Had Tweeted

News 18  

The auction for the very first tweet by Twitter CEO Jack Dorsey has fetched $2.4 million, which the billionaire would donate in Bitcoins to a charity. The bid for 15-year-old tweet on March 6, 2006 put up for auction as an NFT on a platform called Valuables has reportedly been won by Sina Estavi, CEO of tech company Bridge Oracle. …

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3 years, 9 months ago

Elon Musk is Selling a Song About NFTs as an NFT For Dogecoin, Changes Twitter Bio to 'Technoking of Tesla'

News 18  

This is what peak Internet culture really looks like. The video displays the words “Vanity Trophy” orbiting around a golden orb affixed to the top of a literal trophy reading “HODL” short for the phase “hold on for dear life.” ‘HODL’ is more than just a word Musk made up for his music video: The acronym while believed to have …

NFTs are setting the creative world alight. Are they also bad for the planet?
3 years, 9 months ago

NFTs are setting the creative world alight. Are they also bad for the planet?

ABC  

By this point, you've probably heard about NFTs — even if you still don't really understand them. But adding data to the blockchain — a process of running software that people call "mining" — requires a large amount of computing power. A Turkish digital artist with a PhD in artificial intelligence, he said that while not as bad as the …

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